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FCF Margin for NetApp (NTAP)

As of · Reported

Metric

TTM

27.0%

YoY change

+6.63pp

Trough year (2002)

-17.6%

Peak year (2026)

27.0%

FCF Margin history chart for NetApp (NTAP) from 1996 to 2026

Latest: 27.0%

FCF Margin change chart for NetApp (NTAP) from 1996 to 2026

Latest: +6.63pp

FCF Margin history table for NetApp (NTAP) from 1996 to 2026

  • 202627.0%+6.63pp
  • 202520.4%-4.05pp
  • 202424.4%+10.77pp
  • 202313.6%-1.95pp
  • 202215.6%-4.80pp
  • 202120.4%+3.09pp
  • 202017.3%-1.71pp
  • 201919.0%-3.55pp
  • 201822.6%+7.86pp
  • 201714.7%+0.02pp
  • 201614.7%-3.17pp
  • 201517.8%+0.01pp
  • 201417.8%+0.73pp
  • 201317.1%+0.17pp
  • 201216.9%-5.00pp
  • 201121.9%+0.58pp
  • 201021.4%+3.75pp
  • 200917.6%-7.24pp
  • 200824.8%-0.07pp
  • 200724.9%+4.52pp
  • 200620.4%-2.67pp
  • 200523.1%+0.65pp
  • 200422.4%+7.39pp
  • 200315.0%+32.60pp
  • 2002-17.6%-30.96pp
  • 200113.4%+0.05pp
  • 200013.3%+2.81pp
  • 199910.5%+1.65pp
  • 19988.9%+9.80pp
  • 1997-0.9%+0.75pp
  • 1996-1.7%—

FCF Margin values are taken from NetApp's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at NetApp (NTAP)

According to NetApp's latest reported financial statements, the company's latest reported free cash flow margin is 27.0%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2026 fiscal year, NetApp (NTAP) reported free cash flow margin of 26.99% – expanded 6.6 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 26.99% in 2026 and its low of -17.58% in 2002.

NetApp FCF Margin by Year

NetApp FCF Margin 2026: 27.0%

NetApp free cash flow margin in 2026 was 26.99%, expanded 6.6 percentage points from 2025. This figure represents the highest annual value in the available history.

NetApp FCF Margin 2025: 20.4%

2025's free cash flow margin for NetApp came in at 20.36%, contracted 4.1 percentage points from 2024.

NetApp FCF Margin 2024: 24.4%

NetApp posted free cash flow margin of 24.41% in 2024, expanded 10.8 percentage points from 2023.

NetApp FCF Margin 2023: 13.6%

In 2023, NetApp reported free cash flow margin of 13.64%, contracted 1.9 percentage points from 2022.

NetApp FCF Margin 2022: 15.6%

NetApp free cash flow margin in 2022 was 15.59%.

See more financial history for NetApp (NTAP).

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