How NetApp (NTAP) Makes Money: A Visual Guide
NetApp (NTAP) generated $6.71B in revenue (TTM through Q1 2026), earning $1.21B in net profit (18.1% margin). Its largest revenue source is Product (45.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
NetApp (NTAP) Income Statement Flow
Frequently asked questions
How does NetApp (NTAP) make money?
- NetApp (NTAP) primarily makes money through Product, which accounts for 45.9% of total revenue. For TTM through Q1 2026, NetApp generated $6.71B in total revenue with a net profit margin of 18.1%.
What is NetApp (NTAP) gross profit margin?
- NetApp (NTAP) reported a gross profit margin of 70.5% for TTM through Q1 2026, equivalent to $4.73B in gross profit. This means NetApp retains 70.5% of each revenue unit after direct costs of production.
What is NetApp (NTAP) operating profit margin?
- NetApp (NTAP) reported an operating profit margin of 22.2% for TTM through Q1 2026, equivalent to $1.49B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is NetApp (NTAP) net profit margin?
- NetApp (NTAP) reported a net profit margin of 18.1% for TTM through Q1 2026, equivalent to $1.21B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does NetApp (NTAP) invest in R&D?
- NetApp (NTAP) invested $986.00M in research and development in TTM through Q1 2026 (14.7% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does NetApp (NTAP) spend on capital expenditures?
- NetApp (NTAP) spent $183.00M on capital expenditures in TTM through Q1 2026 (2.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is NetApp (NTAP) free cash flow?
- NetApp (NTAP) generated $1.61B in free cash flow for TTM through Q1 2026 (24.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is NetApp (NTAP) effective tax rate?
- NetApp (NTAP) had an effective tax rate of 18.3% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q1 2026.