NetApp (NTAP) Financial Ratios: P/E, ROE & More

NetApp (NTAP) Financial Ratios

For fiscal 2026 (fiscal year ended Apr 24, 2026), NetApp had a P/E ratio of 16.81 (up from 15.17), return on equity of 106.7% (down from 108.5%), debt-to-equity of 2.02 (down from 3.36) and a current ratio of 1.44 (up from 1.25). A current ratio of 1.44 means current assets exceed current liabilities. Its dividend yield was 1.90% with a payout ratio of 32.4%.

NetApp Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021
Valuation Ratios
P/E Ratio	16.81	15.17	21.21	10.56	17.40	23.12
Forward P/E	12.91	11.88	15.24	11.71	14.23	17.23
P/S Ratio	3.10	2.74	3.34	2.12	2.58	2.89
P/B Ratio	15.88	17.30	18.25	11.61	19.45	24.21
Price/Tangible Book	-	-	-	-	-	24.64
Price/FCF	11.48	13.45	13.67	15.50	16.55	14.16
Price/OCF	10.38	11.95	12.41	12.15	13.46	12.44
PEG Ratio	1.68	1.38	2.06	1.81	1.31	2.83
Enterprise Value Ratios
EV/Revenue	3.06	2.73	3.29	2.04	2.38	2.54
EV/EBITDA	11.24	10.96	13.87	9.52	11.03	11.81
EV/EBIT	12.49	12.61	16.28	11.21	12.51	14.18
EV/FCF	11.33	13.43	13.49	14.97	15.27	12.48
Profitability & Returns
Return on Equity (ROE)	106.73%	108.51%	85.55%	127.59%	123.05%	157.50%
Return on Assets (ROA)	9.82%	8.60%	8.04%	7.30%	7.76%	9.27%
Return on Invested Capital (ROIC)	221.50%	199.51%	151.59%	573.76%	-	22.96%
Return on Capital Employed (ROCE)	25.20%	23.10%	21.90%	18.20%	19.80%	21.01%
Leverage & Solvency Ratios
Debt/Equity	2.02	3.36	2.31	2.32	3.51	3.84
Debt/EBITDA	1.40	2.05	1.70	1.86	2.04	2.13
Debt/FCF	1.46	2.61	1.73	3.09	2.98	2.25
Liquidity Ratios
Current Ratio	1.44	1.25	1.19	1.35	1.50	1.74
Quick Ratio	1.21	1.09	1.04	1.17	1.36	1.61
Efficiency Ratios
Asset Turnover	0.64	0.64	0.64	0.64	0.65	0.68
Inventory Turnover	10.55	10.53	10.40	11.61	13.20	14.90
Yield & Distribution Ratios
Earnings Yield	5.95%	6.59%	4.72%	9.47%	5.75%	4.32%
FCF Yield	8.71%	7.44%	7.32%	6.45%	6.04%	7.06%
Dividend Yield	1.90%	2.32%	1.97%	3.15%	2.70%	2.58%
Payout Ratio	32.37%	35.75%	42.19%	33.91%	47.60%	58.49%
Buyback Yield	3.83%	1.88%	3.18%	3.93%	-1.33%	3.00%
Total Return	5.73%	4.20%	5.15%	7.08%	1.37%	5.58%

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About NetApp Financial Ratios

What is NetApp's P/E ratio?

NetApp's P/E ratio was 16.81 for fiscal 2026 (period ended Apr 24, 2026). It was 15.17 a year earlier.

What is NetApp's return on equity?

NetApp's return on equity (ROE) was 106.7% for fiscal 2026 (period ended Apr 24, 2026). It was 108.5% a year earlier.

What is NetApp's debt-to-equity ratio?

NetApp's debt-to-equity ratio was 2.02 for fiscal 2026 (period ended Apr 24, 2026). It was 3.36 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition