Last 47 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 33.88 | 23.74 | 13.39 | 14.58 | 19.31 | 22.81 | 13.60 | 21.88 | 21.02 | 26.96 | 18.65 | 14.88 | 16.32 | 27.99 | 13.91 | 54.62 | 5.09 | 18.58 | 16.06 | 19.63 | 22.78 |
| — | +4.0% | -1.5% | -33.3% | -8.1% | -15.4% | -27.1% | +47.1% | +28.8% | -3.7% | +34.1% | -72.8% | +220.8% | +50.7% | -13.4% | +178.2% | -77.7% | -17.8% | +25.6% | -5.5% | +26.6% | |
| P/S Ratio | 6.16 | 4.41 | 2.78 | 2.84 | 3.45 | 3.42 | 2.67 | 3.99 | 3.78 | 4.34 | 3.25 | 2.89 | 2.43 | 2.91 | 2.16 | 2.35 | 2.30 | 2.51 | 2.49 | 3.06 | 3.26 |
| — | +29.0% | +4.0% | -28.8% | -8.6% | -21.3% | -17.9% | +38.0% | +55.9% | +49.0% | +50.6% | +23.0% | +5.7% | +16.1% | -13.2% | -23.2% | -29.7% | -19.7% | -9.6% | +19.4% | +88.1% | |
| P/B Ratio | 31.74 | 23.88 | 16.01 | 16.83 | 23.90 | 21.85 | 17.78 | 26.34 | 28.11 | 28.79 | 18.91 | 18.69 | 19.68 | 19.11 | 11.77 | 13.02 | 12.70 | 24.32 | 19.93 | 22.42 | 26.94 |
| — | +9.3% | -9.9% | -36.1% | -15.0% | -24.1% | -6.0% | +40.9% | +42.9% | +50.6% | +60.6% | +43.5% | +54.9% | -21.4% | -40.9% | -41.9% | -52.9% | -3.9% | -20.2% | -28.9% | +1.4% | |
| P/FCF | 22.83 | 22.26 | 6.01 | 17.97 | 75.52 | 8.59 | 7.22 | 19.38 | 104.48 | 22.29 | 9.55 | 10.37 | 39.05 | 9.98 | 17.41 | 11.25 | 27.86 | 18.49 | 12.17 | 24.85 | 20.29 |
| — | +159.1% | -16.8% | -7.3% | -27.7% | -61.5% | -24.4% | +87.0% | +167.6% | +123.3% | -45.1% | -7.8% | +40.2% | -46.0% | +43.0% | -54.7% | +37.3% | -22.5% | +48.3% | +124.7% | -0.1% | |
| EV / EBITDA | 21.94 | 15.97 | 8.85 | 10.75 | 13.43 | 15.25 | 11.99 | 15.81 | 15.84 | 20.10 | 13.03 | 11.32 | 11.12 | 17.13 | 9.34 | 15.19 | 10.80 | 11.97 | 10.81 | 12.08 | 13.27 |
| — | +4.7% | -26.2% | -32.0% | -15.2% | -24.1% | -8.0% | +39.8% | +42.4% | +17.3% | +39.5% | -25.5% | +3.0% | +43.1% | -13.6% | +25.7% | -18.6% | -11.3% | +45.9% | +11.6% | +46.9% | |
| EV / EBIT | 24.53 | 16.94 | 9.67 | 11.21 | 14.46 | 16.49 | 12.82 | 17.64 | 17.23 | 22.02 | 14.15 | 12.17 | 12.03 | 21.46 | 10.62 | 18.66 | 11.87 | 13.59 | 13.39 | 14.28 | 15.81 |
| — | +2.7% | -24.6% | -36.4% | -16.1% | -25.1% | -9.4% | +45.0% | +43.2% | +2.6% | +33.3% | -34.8% | +1.3% | +57.9% | -20.7% | +30.7% | -24.9% | -16.7% | +59.0% | +8.3% | +34.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.7% | 70.1% | 70.1% | 70.6% | 72.0% | 70.4% | 68.9% | 69.8% | 71.0% | 71.3% | 70.5% | 71.7% | 71.1% | 69.6% | 68.0% | 65.6% | 65.4% | 65.7% | 64.7% | 66.5% | 67.6% |
| — | -0.5% | +1.7% | +1.2% | +1.4% | -1.2% | -2.4% | -2.6% | -0.1% | +2.4% | +3.8% | +9.3% | +8.7% | +5.9% | +5.1% | -1.3% | -3.3% | -4.1% | -2.8% | +0.2% | +2.6% | |
| Operating Margin | 24.5% | 26.7% | 27.3% | 25.2% | 23.4% | 19.8% | 20.1% | 22.1% | 20.8% | 18.3% | 22.0% | 22.8% | 19.5% | 12.4% | 19.5% | 11.3% | 17.0% | 16.0% | 17.4% | 19.9% | 18.8% |
| — | +34.8% | +35.7% | +14.1% | +12.5% | +8.3% | -8.5% | -3.2% | +6.9% | +47.2% | +12.3% | +102.2% | +14.8% | -22.4% | +12.1% | -43.3% | -9.7% | -6.2% | -40.4% | +13.3% | +46.1% | |
| Net Margin | 18.4% | 18.5% | 20.7% | 19.5% | 17.9% | 14.9% | 19.6% | 18.2% | 18.0% | 16.1% | 17.5% | 19.5% | 14.9% | 10.4% | 15.5% | 4.3% | 45.1% | 13.4% | 15.4% | 15.6% | 14.3% |
| — | +23.9% | +5.6% | +7.0% | -0.8% | -7.1% | +12.5% | -6.5% | +20.9% | +54.7% | +12.6% | +357.6% | -66.9% | -22.6% | +0.5% | -72.7% | +215.3% | -3.0% | -28.2% | +26.1% | +47.8% |
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 106.7% | 26.4% | 32.2% | 31.2% | 31.1% | 23.1% | 33.4% | 31.7% | 32.8% | 23.9% | 27.2% | 35.5% | 28.4% | 14.7% | 21.7% | 5.6% | 80.7% | 28.6% | 30.1% | 30.7% | 30.3% |
| — | +14.0% | -3.6% | -1.7% | -5.3% | -3.3% | +22.9% | -10.7% | +15.8% | +63.0% | +25.5% | +528.9% | -64.8% | -48.8% | -28.0% | -81.6% | +166.4% | -0.4% | -47.6% | -28.4% | -27.7% | |
| ROA | 11.8% | 3.5% | 3.9% | 3.4% | 3.2% | 2.3% | 3.4% | 3.3% | 3.3% | 2.6% | 3.0% | 3.4% | 2.5% | 1.6% | 2.5% | 0.7% | 7.8% | 2.2% | 2.7% | 2.7% | 2.4% |
| — | +52.1% | +13.6% | +2.5% | -3.2% | -12.0% | +13.6% | -2.1% | +28.5% | +65.5% | +20.5% | +408.9% | -67.3% | -28.6% | -5.4% | -75.2% | +218.4% | +0.2% | -28.3% | +26.5% | +49.8% | |
| ROIC | 124.4% | 29.9% | 31.6% | 16.5% | 18.2% | 13.5% | 14.8% | 16.0% | 14.4% | 11.1% | 14.7% | 16.5% | 15.1% | 8.7% | 17.3% | 10.8% | 27.1% | 57.3% | — | — | — |
| — | +121.2% | +113.6% | +3.3% | +26.2% | +22.2% | +0.5% | -3.1% | -4.4% | +26.6% | -14.8% | +52.2% | -44.3% | -84.7% | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.84 | 1.69 | 1.84 | 2.36 | 2.78 | 2.82 | 3.36 | 2.26 | 2.52 | 2.85 | 2.31 | 2.67 | 3.46 | 3.06 | 2.32 | 2.44 | 2.24 | 4.51 | 3.51 | 3.35 | 3.83 |
| — | -39.8% | -45.2% | +4.4% | +10.1% | -1.2% | +45.1% | -15.4% | -27.0% | -6.9% | -0.1% | +9.5% | +54.2% | -32.2% | -34.0% | -27.1% | -41.5% | +12.2% | -12.7% | -42.0% | -48.8% | |
| Debt / EBITDA | 1.31 | 4.41 | 4.29 | 5.71 | 6.07 | 7.63 | 8.71 | 5.28 | 5.51 | 7.68 | 6.17 | 6.19 | 7.46 | 10.56 | 7.16 | 11.35 | 7.61 | 9.07 | 8.19 | 7.69 | 8.19 |
| — | -42.1% | -50.7% | +8.1% | +10.1% | -0.7% | +41.2% | -14.7% | -26.0% | -27.3% | -13.8% | -45.5% | -2.1% | +16.5% | -12.6% | +47.6% | -7.0% | -3.6% | +53.8% | -9.7% | -25.7% | |
| Current Ratio | 1.44 | 1.24 | 1.44 | 1.37 | 1.34 | 1.31 | 1.26 | 0.93 | 0.91 | 0.96 | 1.19 | 1.15 | 1.07 | 1.28 | 1.35 | 1.34 | 1.36 | 1.38 | 1.50 | 1.55 | 1.77 |
| — | -5.4% | +14.5% | +47.3% | +47.0% | +37.1% | +5.2% | -18.9% | -14.7% | -25.2% | -11.6% | -14.1% | -21.1% | -7.0% | -10.2% | -13.8% | -23.6% | -24.1% | -13.5% | -7.4% | +7.5% | |
| Quick Ratio | 1.39 | 1.16 | 1.39 | 1.34 | 1.30 | 1.28 | 1.22 | 0.87 | 0.84 | 0.91 | 1.15 | 1.11 | 1.04 | 1.24 | 1.30 | 1.29 | 1.28 | 1.31 | 1.45 | 1.51 | 1.73 |
| — | -9.1% | +14.2% | +54.7% | +55.5% | +40.2% | +5.9% | -22.1% | -19.1% | -26.6% | -11.9% | -13.4% | -19.2% | -5.5% | -10.4% | -14.5% | -25.6% | -26.3% | -14.8% | -8.3% | +7.1% | |
| Interest Coverage | 20.93 | 18.66 | — | 17.65 | 16.12 | 11.48 | 17.86 | 31.83 | 25.00 | 19.69 | 24.75 | 23.47 | 22.00 | 12.63 | 20.63 | 12.06 | 18.94 | 16.00 | 16.11 | 17.11 | 16.56 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying NTAP stock.
NetApp, Inc.'s current P/E is 33.9x. The average P/E over the last 4 quarters is 17.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
NetApp, Inc.'s current operating margin is 24.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking NetApp, Inc.'s business trajectory between earnings reports.