Financials NetApp, Inc.

Equities

NTAP

US64110D1046

Computer Hardware

Market Closed - Nasdaq Other stock markets 03:59:22 2025-06-18 pm EDT			5-day change	1st Jan Change
102.77 ^USD	-0.42%		+0.14%	-11.47%

Jun. 16	Diskover Data Inc. announced that it has received $7.5 million in funding from NetApp, Inc., The Hive, Snowflake Ventures, Park Partners Capital, LLC	CI
Jun. 11	NetApp, Inc. Presents at Nasdaq Summer Conference, Jun-11-2025 02:00 PM

Projected Income Statement: NetApp, Inc.

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	5,744	6,318	6,362	6,268	6,572	6,771	7,116	7,485
Change	-	9.99%	0.7%	-1.48%	4.85%	3.03%	5.09%	5.19%
EBITDA ¹	1,342	1,657	1,787	1,937	1,580	2,197	2,350	2,453
Change	-	23.47%	7.85%	8.39%	-18.43%	39.02%	6.98%	4.37%
EBIT ¹	1,184	1,496	1,539	1,682	1,862	1,977	2,127	2,282
Change	-	26.35%	2.87%	9.29%	10.7%	6.16%	7.62%	7.27%
Interest Paid	-74	-62	48	-	-	-	-	-
Earnings before Tax (EBT) ¹	962	1,095	1,066	1,263	1,383	1,472	1,628	-
Change	-	13.83%	-2.65%	18.48%	9.5%	6.46%	10.58%	-
Net income ¹	730	937	1,274	986	1,186	1,225	1,326	1,412
Change	-	28.36%	35.97%	-22.61%	20.28%	3.32%	8.22%	6.46%
Announcement Date	6/2/21	6/1/22	5/31/23	5/30/24	5/29/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: April	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,303	1,416	1,470	1,555	1,458	1,566	1,614	1,680	1,592	1,663	1,526	1,581	1,432	1,562	1,606	1,668	1,541	1,658	1,641	1,732	1,543	1,677	1,718	1,812	1,639	1,768	1,811	1,880
Change	-	8.67%	3.81%	5.78%	-6.24%	7.41%	3.07%	4.09%	-5.24%	4.46%	-8.24%	3.6%	-9.42%	9.08%	2.82%	3.86%	-7.61%	7.59%	-1.03%	5.55%	-10.93%	8.7%	2.48%	5.45%	-9.54%	7.85%	2.42%	3.84%
EBITDA ¹	252	332	376	397	373	410	442	423	418	452	437	480	373	483	548	533	462	538	556	401	454.2	542.7	585.1	617.1	446.7	535.9	604.6	619.6
Change	-	31.75%	13.25%	5.59%	-6.05%	9.92%	7.8%	-4.3%	-1.18%	8.13%	-3.32%	9.84%	-22.29%	29.49%	13.46%	-2.74%	-13.32%	16.45%	3.35%	-27.88%	13.28%	19.46%	7.83%	5.47%	-27.63%	19.98%	12.81%	2.48%
EBIT ¹	213	291	322	358	336	374	404	382	360	393	372	414	309	419	485	469	399	475	492	496	395.1	478.3	528	569.3	466.9	500.6	543.3	566.1
Change	-	36.62%	10.65%	11.18%	-6.15%	11.31%	8.02%	-5.45%	-5.76%	9.17%	-5.34%	11.29%	-25.36%	35.6%	15.75%	-3.3%	-14.93%	19.05%	3.58%	0.81%	-20.34%	21.05%	10.4%	7.82%	-18%	7.22%	8.54%	4.19%
Charge d'intérêts	-18	-18	-19	-19	-12	-14	-15	-21	15	23	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	104	175	247	436	237	280	306	272	270	305	177	314	186	315	382	380	299	360	370	354	281.7	362.6	398.8	429.2	-	-	-	-
Change	-	68.27%	41.14%	76.52%	-45.64%	18.14%	9.29%	-11.11%	-0.74%	12.96%	-41.97%	77.4%	-40.76%	69.35%	21.27%	-0.52%	-21.32%	20.4%	2.78%	-4.32%	-20.42%	28.7%	10.01%	7.6%	-	-	-	-
Net income ¹	77	137	182	334	202	224	252	259	214	750	65	245	149	233	313	291	248	299	299	340	235.4	296.8	334.5	370.4	291.8	323.7	355.4	378.2
Change	-	77.92%	32.85%	83.52%	-39.52%	10.89%	12.5%	2.78%	-17.37%	250.47%	-91.33%	276.92%	-39.18%	56.38%	34.33%	-7.03%	-14.78%	20.56%	0%	13.71%	-30.75%	26.07%	12.7%	10.73%	-21.23%	10.94%	9.79%	6.42%
Announcement Date	8/26/20	12/1/20	2/24/21	6/2/21	8/25/21	11/30/21	2/23/22	6/1/22	8/24/22	11/29/22	2/22/23	5/31/23	8/23/23	11/28/23	2/29/24	5/30/24	8/28/24	11/21/24	2/27/25	5/29/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: NetApp, Inc.

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,964	-1,498	-681	-860	-611	-943	-1,797	-2,337
Change	-	23.73%	54.54%	-26.28%	28.95%	-54.34%	-90.56%	-30.05%
Announcement Date	6/2/21	6/1/22	5/31/23	5/30/24	5/29/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: NetApp, Inc.

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	162	226	239	155	168	177.5	180	180.1
Change	-	39.51%	5.75%	-35.15%	8.39%	5.67%	1.38%	0.09%
Free Cash Flow (FCF) ¹	1,171	985	868	1,530	1,338	1,593	1,779	-
Change	-	-15.88%	-11.88%	76.27%	-12.55%	19.05%	11.71%	-100%
Announcement Date	6/2/21	6/1/22	5/31/23	5/30/24	5/29/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: NetApp, Inc.

Fiscal Period: April	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	23.36%	26.23%	28.09%	30.9%	24.04%	32.44%	33.02%	32.77%
EBIT Margin (%)	20.61%	23.68%	24.19%	26.83%	28.33%	29.19%	29.89%	30.48%
EBT Margin (%)	16.75%	17.33%	16.76%	20.15%	21.04%	21.74%	22.88%	-
Net margin (%)	12.71%	14.83%	20.03%	15.73%	18.05%	18.1%	18.64%	18.86%
FCF margin (%)	20.39%	15.59%	13.64%	24.41%	20.36%	23.52%	25.01%	-
FCF / Net Income (%)	160.41%	105.12%	68.13%	155.17%	112.82%	129.99%	134.18%	-
Profitability
ROA	8.65%	9.67%	12.84%	13.96%	14.64%	15.15%	16.91%	-
ROE	197.84%	158.77%	123.18%	119.31%	138.7%	129.05%	108.22%	84.7%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.82%	3.58%	3.76%	2.47%	2.56%	2.62%	2.53%	2.41%
CAPEX / EBITDA (%)	12.07%	13.64%	13.37%	8%	10.63%	8.08%	7.66%	7.34%
CAPEX / FCF (%)	13.83%	22.94%	27.53%	10.13%	12.56%	11.15%	10.11%	-
Items per share
Cash flow per share ¹	5.898	5.288	5.032	7.911	7.206	8.099	9.94	-
Change	-	-10.34%	-4.85%	57.22%	-8.92%	12.39%	22.74%	-
Dividend per Share ¹	1.92	2	2	2	-	2.113	2.159	2.248
Change	-	4.17%	0%	0%	-	-	2.16%	4.15%
Book Value Per Share ¹	3.086	3.775	5.268	5.51	5.098	7.356	9.591	13.53
Change	-	22.34%	39.55%	4.59%	-7.48%	44.28%	30.39%	41.04%
EPS ¹	3.23	4.09	5.79	4.63	5.67	6.074	6.633	6.975
Change	-	26.63%	41.56%	-20.03%	22.46%	7.12%	9.2%	5.16%
Nbr of stocks (in thousands)	222,601	222,536	213,905	206,377	203,412	200,366	200,366	200,366
Announcement Date	6/2/21	6/1/22	5/31/23	5/30/24	5/29/25	-	-	-