Overview Dividends

(NTAP) NetApp - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US64110D1046

Storage, Software, Cloud, Services, Data

Technology Hardware, Storage & Peripherals
Market Cap in USD: 23,088m

IPO / Inception: 1995-11-21
Return 12m vs S&P 500: -16.7%

EPS (Earnings per Share)

EPS CAGR: 9.88%
EPS Trend: 34.3%

Last SUE: 1.83
Qual. Beats: 1

Revenue

Rev. CAGR: 1.47%
Rev. Trend: 23.1%

Last SUE: 0.69
Qual. Beats: 0

Dividends

Dividend Yield	2.32%
Yield on Cost 5y	4.55%
Yield CAGR 5y	1.53%
Payout Consistency	99.6%
Payout Ratio	29.6%

Risk via 5d forecast
Volatility	35.9%
Value at Risk 5%th	55.3%
Relative Tail Risk	-6.27%

Reward TTM
Sharpe Ratio	-0.04
Alpha	-22.97
CAGR/Max DD	0.63

Character TTM
Hurst Exponent	0.583
Beta	1.223
Beta Downside	1.325

Drawdowns 3y
Max DD	42.61%
Mean DD	9.02%
Median DD	6.38%

Description: NTAP NetApp December 19, 2025

NetApp, Inc. (NASDAQ:NTAP) delivers enterprise-grade data-management software, storage hardware, and cloud services across a global footprint that includes the Americas, EMEA, and APAC, organized into two primary segments: Hybrid Cloud and Public Cloud.

The company’s software suite features ONTAP data-fabric technology (including ONTAP One, Snapshot, SnapCenter, SnapMirror, and SnapLock), while its hardware lineup spans All-Flash FAS (AFF A-Series and C-Series), All-Flash SAN arrays (ASA), Fabric-Attached Storage (FAS), E/EF series, and the object-storage platform StorageGRID.

NetApp’s cloud portfolio integrates tightly with the three leading hyperscalers through Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, complemented by the BlueXP management suite for data protection, ransomware defense, and lifecycle automation.

Serving verticals such as financial services, healthcare, life sciences, media & entertainment, and telecommunications, NetApp leverages a direct sales force and a broad partner ecosystem-including AWS, Azure, and Google Cloud-to capture demand from enterprises modernizing on-premises storage toward hybrid-multicloud architectures.

In FY 2023 NetApp reported revenue of $7.5 billion, a 6 % year-over-year increase driven largely by a 15 % rise in subscription-based services, while operating cash flow grew to $1.2 billion, underscoring the shift toward recurring revenue models; the broader sector is being propelled by accelerating data growth (projected to exceed 180 zettabytes by 2025) and enterprise adoption of AI/ML workloads that require high-performance, low-latency storage.

For a deeper quantitative assessment, see the ValueRay analysis of NTAP.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (1.18b TTM) > 0 and > 6% of Revenue (6% = 398.2m TTM)

FCFTA 0.17 (>2.0%) and ΔFCFTA 2.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 17.84% (prev -5.84%; Δ 23.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.19 (>3.0%) and CFO 1.86b > Net Income 1.18b (YES >=105%, WARN >=100%)

Net Debt (667.0m) to EBITDA (1.73b) ratio: 0.39 <= 3.0 (WARN <= 3.5)

Current Ratio 1.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (202.0m) change vs 12m ago -3.81% (target <= -2.0% for YES)

Gross Margin 70.26% (prev 71.09%; Δ -0.83pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 71.24% (prev 71.88%; Δ -0.64pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 17.15 (EBITDA TTM 1.73b / Interest Expense TTM 88.0m) >= 6 (WARN >= 3)

Altman Z'' 2.01

(A) 0.12 = (Total Current Assets 4.65b - Total Current Liabilities 3.47b) / Total Assets 9.63b

(B) 0.0 = Retained Earnings (Balance) 0.0 / Total Assets 9.63b

(D) 0.11 = Book Value of Equity 986.0m / Total Liabilities 8.64b

Total Rating: 2.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.88

1. Piotroski 6.50pt

2. FCF Yield 7.35%

3. FCF Margin 25.25%

4. Debt/Equity 2.78

5. Debt/Ebitda 0.39

6. ROIC - WACC (= 23.52)%

7. RoE 117.8%

8. Rev. Trend 23.07%

9. EPS Trend 34.32%

What is the price of NTAP shares?

As of December 20, 2025, the stock is trading at USD 111.90 with a total of 3,799,820 shares traded.
Over the past week, the price has changed by -3.25%, over one month by +5.30%, over three months by -10.21% and over the past year by -2.07%.

Is NTAP a buy, sell or hold?

NetApp has received a consensus analysts rating of 3.50. Therefor, it is recommend to hold NTAP.

Strong Buy: 3
Buy: 4
Hold: 13
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NTAP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	124.3	11.1%
Analysts Target Price	124.3	11.1%
ValueRay Target Price	124.2	11%

NTAP Fundamental Data Overview December 13, 2025

Market Cap USD = 23.09b (23.09b USD * 1.0 USD.USD)
P/E Trailing = 20.7648
P/E Forward = 15.3846
P/S = 3.4787
P/B = 23.9259
P/EG = 1.5389
Beta = 1.414
Revenue TTM = 6.64b USD
EBIT TTM = 1.51b USD
EBITDA TTM = 1.73b USD
Long Term Debt = 2.49b USD (from longTermDebt, last quarter)
Short Term Debt = 42.0m USD (from shortTermDebt, last quarter)
Debt = 2.74b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 667.0m USD (from netDebt column, last quarter)
Enterprise Value = 22.81b USD (23.09b + Debt 2.74b - CCE 3.01b)
Interest Coverage Ratio = 17.15 (Ebit TTM 1.51b / Interest Expense TTM 88.0m)
FCF Yield = 7.35% (FCF TTM 1.68b / Enterprise Value 22.81b)
FCF Margin = 25.25% (FCF TTM 1.68b / Revenue TTM 6.64b)
Net Margin = 17.73% (Net Income TTM 1.18b / Revenue TTM 6.64b)
Gross Margin = 70.26% ((Revenue TTM 6.64b - Cost of Revenue TTM 1.97b) / Revenue TTM)
Gross Margin QoQ = 71.96% (prev 70.43%)
Tobins Q-Ratio = 2.37 (Enterprise Value 22.81b / Total Assets 9.63b)
Interest Expense / Debt = 0.95% (Interest Expense 26.0m / Debt 2.74b)
Taxrate = 22.39% (88.0m / 393.0m)
NOPAT = 1.17b (EBIT 1.51b * (1 - 22.39%))
Current Ratio = 1.34 (Total Current Assets 4.65b / Total Current Liabilities 3.47b)
Debt / Equity = 2.78 (Debt 2.74b / totalStockholderEquity, last quarter 986.0m)
Debt / EBITDA = 0.39 (Net Debt 667.0m / EBITDA 1.73b)
Debt / FCF = 0.40 (Net Debt 667.0m / FCF TTM 1.68b)
Total Stockholder Equity = 999.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.22% (Net Income 1.18b / Total Assets 9.63b)
RoE = 117.8% (Net Income TTM 1.18b / Total Stockholder Equity 999.0m)
RoCE = 43.30% (EBIT 1.51b / Capital Employed (Equity 999.0m + L.T.Debt 2.49b))
RoIC = 33.00% (NOPAT 1.17b / Invested Capital 3.55b)
WACC = 9.48% (E(23.09b)/V(25.83b) * Re(10.52%) + D(2.74b)/V(25.83b) * Rd(0.95%) * (1-Tc(0.22)))
Discount Rate = 10.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.16%
[DCF Debug] Terminal Value 71.86% ; FCFE base≈1.56b ; Y1≈1.75b ; Y5≈2.36b
Fair Price DCF = 137.5 (DCF Value 27.24b / Shares Outstanding 198.1m; 5y FCF grow 14.64% → 3.0% )
EPS Correlation: 34.32 | EPS CAGR: 9.88% | SUE: 1.83 | # QB: 1
Revenue Correlation: 23.07 | Revenue CAGR: 1.47% | SUE: 0.69 | # QB: 0
EPS next Quarter (2026-01-31): EPS=2.07 | Chg30d=+0.012 | Revisions Net=+2 | Analysts=18
EPS current Year (2026-04-30): EPS=7.89 | Chg30d=+0.138 | Revisions Net=+14 | Growth EPS=+8.9% | Growth Revenue=+2.9%
EPS next Year (2027-04-30): EPS=8.55 | Chg30d=-0.006 | Revisions Net=-2 | Growth EPS=+8.3% | Growth Revenue=+4.9%

Additional Sources for NTAP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle