NetApp Inc (NTAP)
Gross profit margin
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,433,000 | 4,209,000 | 4,220,000 | 3,815,000 | 3,623,000 |
| Revenue | US$ in thousands | 6,204,000 | 6,295,000 | 6,245,000 | 5,670,000 | 5,357,000 |
| Gross profit margin | 71.45% | 66.86% | 67.57% | 67.28% | 67.63% |
April 26, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,433,000K ÷ $6,204,000K
= 71.45%
NetApp Inc's gross profit margin has shown a generally positive trend over the past five years, with a slight increase from 67.63% in 2020 to 71.45% in 2024. This indicates that the company has been able to effectively control its production costs and generate a higher percentage of revenue as gross profit. The improvement in gross profit margin suggests that NetApp Inc has been able to maintain pricing power, optimize its operations, or benefit from economies of scale. Overall, the upward trend in gross profit margin reflects positively on NetApp Inc's profitability and efficiency in managing its cost of goods sold.
Peer comparison
Apr 26, 2024