NTAP - NASDAQ
NetApp, Inc.
$181.08
+3.1%NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
At a Glance
Live SnapshotNetApp, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
NetApp, Inc. Cash Flow Statement
NTAP • NASDAQ
| NetApp, Inc. Cash Flow Statement | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | Apr 2009 | Apr 2008 | Apr 2007 | Apr 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
1.2B | 986M | 1.3B | 937M | 730M | 819M | 1.2B | 76M | 509M | 229M | 559.9M | 637.5M | 505.3M | 605.4M | 673.1M | 400.4M | 86.5M | 309.7M | 297.7M | 266.5M | |
243M | 255M | 248M | 194M | 207M | 193M | 197M | 198M | 226M | 279M | 307.2M | 334.1M | 344.6M | 293.1M | 165.6M | 166M | 170.5M | 144.2M | 110.8M | 81.8M | |
-100M | 53M | -606M | -144M | -6M | -17M | -3M | 277M | 90M | -113M | -2.7M | -76M | -76.6M | 107.5M | 128.5M | -11.3M | -108.4M | -53M | -19.5M | 1.5M | |
386M | 357M | 312M | 245M | 197M | 153M | 158M | 161M | 195M | 260M | 259.3M | 273M | 276.6M | 257.6M | 175.2M | 159.8M | 140.8M | 148M | 163M | 13.3M | |
41M | 32M | -15M | 1M | -80M | 14M | -71M | -245M | -16M | 19M | -20.6M | -25.2M | 57.9M | -131.6M | -86.1M | 51M | 64.9M | -3.2M | -84.2M | 7M | |
(412M) | (357M) | (386M) | (398M) | (338M) | (276M) | (0.0) | (0.0) | (102M) | (161M) | (97M) | (58M) | (46.7M) | (48.2M) | (27.9M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-250M | 2M | -106M | -22M | 285M | -102M | -109M | 1B | -18M | 300M | 165M | 206.2M | 278.5M | 330.6M | 290M | 209.1M | 534.8M | 463.3M | 396.6M | 184.2M | |
1.5B | 1.7B | 1.1B | 1.2B | 1.3B | 1.1B | 1.3B | 1.5B | 986M | 974M | 1.3B | 1.3B | 1.4B | 1.5B | 1.3B | 975M | 889.2M | 1B | 864.5M | 554.3M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-168M | -155M | -239M | -226M | -162M | -124M | -173M | -145M | -175M | -160M | -175.3M | -221.4M | -303.3M | -407.1M | -222.7M | -135.6M | -289.7M | -188.3M | -165.8M | -132.9M | |
(0.0) | (0.0) | -491M | -380M | -350M | -73M | -3M | -75M | -8M | -842M | -84.6M | (0.0) | -106.5M | -480M | -136.5M | -1.8B | (0.0) | -99.4M | -131.2M | -53.7M | |
-1.8B | -2.6B | -1.3B | -18M | -5M | -13M | -41M | -1.4B | -2B | -1.6B | -2.6B | -1B | -2.3B | -3.6B | -418.5M | -860.3M | -1.8B | -1.1B | -2.6B | -1B | |
2B | 2.1B | 550M | 45M | 160M | 1.4B | 917M | 1.4B | 1.9B | 2.6B | 2B | 2B | 2.5B | 2.1B | 1.8B | 1.8B | 1B | 1.4B | 2.8B | 901M | |
70M | 0.0 | 59M | 18M | 378M | 96M | 4M | 209M | 6M | 105M | 1.5M | 6.8M | 4.2M | 1.6M | -1.8B | 8.2M | 336K | -793K | 24.2M | -10.9M | |
(147M) | -735M | -1.4B | -561M | (21M) | (1.3B) | (704M) | -21M | -220M | (85M) | -903.2M | (760.4M) | -228.6M | -2.3B | -777.2M | -987.7M | -1B | (102.9M) | -83.8M | -326M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-1B | -900M | -742M | -600M | -125M | -1.3B | -2B | -621M | -613M | -890M | -1B | -1.7B | -590M | -457.9M | 324.2M | 197.1M | -314.1M | -789M | -590.3M | -256.2M | |
840M | 0.0 | -250M | 0.0 | 948M | -127M | -136M | -70M | -351M | 998M | 495M | -1.3B | 987.3M | 0.0 | 0.0 | 14.2M | 1.1B | 87.2M | -214.9M | 300M | |
-424M | -416M | -432M | -446M | -427M | -439M | -403M | -214M | -208M | -210M | -207.4M | -202.3M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-1.2B | -900M | -850M | -600M | -125M | -1.4B | -2.1B | -794M | -705M | -960M | -1.2B | -1.9B | -590M | -600M | (0.0) | (0.0) | -400M | -903.7M | -805.7M | -488.9M | |
-202M | -28M | -89M | 29M | 90M | -85M | -102M | -81M | -7M | -7M | 45.8M | 43.3M | 181.6M | 114.3M | 126.7M | 8.6M | -55.1M | 39.4M | 57.9M | -1.1M | |
-828M | -1.3B | -1.5B | -1B | 444M | -2B | -2.6B | -986M | -1.2B | -109M | -675.2M | -3.1B | 578.9M | -343.6M | 450.9M | 219.9M | 696.6M | -662.4M | -747.3M | 42.8M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
15M | -19M | -1M | -49M | 71M | -34M | -30M | 26M | -11M | -4M | -59.2M | 7.9M | -9.3M | -16.1M | 32.3M | 3.6M | -24.8M | -2M | -5.6M | -3.3M | |
840M | -413M | -1.8B | -416M | 1.9B | 335M | -616M | 497M | -424M | 946M | -369.5M | -986.1M | 1.7B | -1.2B | 1.1B | 210.8M | 557.7M | 447.4M | 27.8M | 267.7M | |
1.9B | 2.3B | 4.1B | 4.5B | 2.7B | 2.3B | 2.9B | 2.4B | 2.9B | 1.9B | 2.3B | 3.3B | 1.5B | 2.8B | 1.7B | 1.5B | 936.5M | 489.1M | 461.3M | 193.5M | |
2.7B | 1.9B | 2.3B | 4.1B | 4.5B | 2.7B | 2.3B | 2.9B | 2.4B | 2.9B | 1.9B | 2.3B | 3.3B | 1.5B | 2.8B | 1.7B | 1.5B | 936.5M | 489.1M | 461.3M | |
1.3B | 1.5B | 868M | 985M | 1.2B | 936M | 1.2B | 1.3B | 811M | 814M | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 839.4M | 599.6M | 820.6M | 698.6M | 421.4M |
SEC Filings
NTAP - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 21, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | February 26, 2026 | January 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 12, 2026 | January 08, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 25, 2025 | November 25, 2025 | 2025 | |
10-Q 10-Q 2025 Q4 Q4 | November 25, 2025 | October 24, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 15, 2025 | September 10, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | August 27, 2025 | July 25, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 27, 2025 | August 27, 2025 | 2025 | |
DEF 14A DEF 14A 2025 N/A | July 25, 2025 | September 10, 2025 | 2025 |
Related Guides
Continue your NTAP research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.