NetApp Inc (NTAP)
Gross profit margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,589,000 | 4,620,000 | 4,594,000 | 4,647,000 | 4,588,000 | 4,522,000 | 4,367,000 | 4,212,000 | 4,177,000 | 4,142,000 | 4,147,000 | 4,152,000 | 4,164,000 | 4,176,000 | 4,221,000 | 4,266,000 | 4,266,000 | 4,268,000 | 4,295,000 | 4,322,000 |
| Revenue (ttm) | US$ in thousands | 6,507,000 | 6,518,000 | 6,466,000 | 6,514,000 | 6,409,000 | 6,304,000 | 6,130,000 | 5,957,000 | 5,976,000 | 5,994,000 | 6,088,000 | 6,182,000 | 6,264,000 | 6,345,000 | 6,411,000 | 6,475,000 | 6,494,000 | 6,510,000 | 6,532,000 | 6,553,000 |
| Gross profit margin | 70.52% | 70.88% | 71.05% | 71.34% | 71.59% | 71.73% | 71.24% | 70.71% | 69.90% | 69.10% | 68.12% | 67.16% | 66.48% | 65.82% | 65.84% | 65.88% | 65.69% | 65.56% | 65.75% | 65.95% |
January 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,589,000K ÷ $6,507,000K
= 70.52%
NetApp Inc has demonstrated a generally positive trend in its gross profit margin over the periods analyzed. Starting at 65.95% in April 2022, the margin slightly decreased to 65.75% by July 2022 before stabilizing and gradually increasing to 71.73% by January 2024. However, there was a slight decrease in the margin to 70.52% by January 2025.
Overall, NetApp Inc has shown an ability to maintain a relatively high gross profit margin, which suggests efficient cost management and pricing strategies. This consistent performance in maintaining a high gross profit margin indicates the company's effectiveness in generating profits from its core business operations.
Peer comparison
Jan 31, 2025