SuperworthNetApp profit margin NTAP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 19.2%
- Operating margin, 12 months
- 25.0%
- Net margin on a year earlier
- +1.4 pts
- Peer median
- 11.9%
Over the twelve months to Jul 31, 2026, NetApp kept 19.2% of its revenue as net profit, with an operating margin of 25.0% and a gross margin of 70.6%.
Five years earlier its net margin was 14.5%.
The median for 10 computer hardware stocks of a similar size is 11.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 18.4% | 24.2% | 70.7% |
| FY2025 | 18.0% | 20.3% | 70.2% |
| FY2024 | 15.7% | 19.4% | 70.7% |
| FY2023 | 20.0% | 16.0% | 66.2% |
| FY2022 | 14.8% | 18.3% | 66.8% |
| FY2021 | 12.7% | 17.9% | 66.4% |
| FY2020 | 15.1% | 17.5% | 66.9% |
| FY2019 | 19.0% | 19.9% | 64.2% |
| FY2018 | 2.0% | 19.6% | 62.7% |
| FY2017 | 9.2% | 12.0% | 61.4% |
| FY2016 | 4.1% | 6.3% | 60.8% |
| FY2015 | 9.1% | 11.7% | 62.6% |
| FY2014 | 10.1% | 11.6% | 62.0% |
| FY2013 | 8.0% | 9.6% | 59.4% |
| FY2012 | 9.7% | 12.0% | 59.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 19.2% | +1.4 pts | 25.0% | |
| Q4 FY26 | 18.4% | +0.4 pts | 24.2% | |
| Q3 FY26 | 18.1% | +0.6 pts | 22.2% | |
| Q2 FY26 | 17.7% | −0.0 pts | 21.4% | |
| Q1 FY26 | 17.8% | +0.8 pts | 20.7% | |
| Q4 FY25 | 18.0% | +2.3 pts | 20.3% | |
| Q3 FY25 | 17.5% | +2.3 pts | 20.8% | |
| Q2 FY25 | 17.8% | +6.4 pts | 21.0% | |
| Q1 FY25 | 17.0% | −2.5 pts | 20.7% | |
| Q4 FY24 | 15.7% | −4.3 pts | 19.4% | |
| Q3 FY24 | 15.2% | −4.7 pts | 18.7% | |
| Q2 FY24 | 11.3% | −11.2 pts | 15.8% |
Against its peers
Companies in Computer Hardware nearest NetApp's size, closest first, today.
| Company | Profit margin |
|---|---|
| NTAPNetApp | 19.2% |
| PEverpure | 5.9% |
| HPQHP | 4.1% |
| HPEHewlett Packard Enterprise | 6.4% |
| SMCISuper Micro Computer | 5.7% |
| LOGILogitech International | 16.3% |
| WDCWestern Digital | 69.2% |
| STXSeagate Technology | 26.1% |
| SNDKSandisk | 56.5% |
| ANETArista Networks | 38.4% |
| DELLDell Technologies | 7.5% |
| Peer median | 11.9% |
Where NetApp ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on NetApp
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.