NetApp Inc (NTAP)
Gross profit margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,433,000 | 4,433,000 | 4,209,000 | 4,209,000 | 4,220,000 |
| Revenue | US$ in thousands | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 | 6,318,000 |
| Gross profit margin | 70.72% | 71.45% | 66.16% | 66.86% | 66.79% |
April 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,433,000K ÷ $6,268,000K
= 70.72%
NetApp Inc's gross profit margin has shown stability and improvement over the years based on the provided data. The margin has remained consistently high, ranging from 66.16% to 71.45% between April 2022 and April 2024. Notably, there was a significant increase in April 2024, where the gross profit margin reached 70.72%, indicating a strong performance in generating profits from its core business activities. This demonstrates effective cost management, pricing strategies, and overall operational efficiency within the company. Overall, NetApp Inc's gross profit margin reflects a healthy and sustainable financial performance during the period under review.
Peer comparison
Apr 30, 2024