NetApp Inc (NTAP)
Gross profit margin
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,433,000 | 4,332,000 | 4,182,000 | 4,159,000 | 4,209,000 | 4,223,000 | 4,295,000 | 4,267,000 | 4,220,000 | 4,166,000 | 4,068,000 | 3,942,000 | 3,815,000 | 3,721,000 | 3,687,000 | 3,679,000 | 3,623,000 | 3,708,000 | 3,749,000 | 3,798,000 |
| Revenue (ttm) | US$ in thousands | 6,204,000 | 6,117,000 | 6,038,000 | 6,137,000 | 6,295,000 | 6,392,000 | 6,477,000 | 6,379,000 | 6,245,000 | 6,119,000 | 5,975,000 | 5,825,000 | 5,670,000 | 5,521,000 | 5,460,000 | 5,421,000 | 5,357,000 | 5,548,000 | 5,705,000 | 5,849,000 |
| Gross profit margin | 71.45% | 70.82% | 69.26% | 67.77% | 66.86% | 66.07% | 66.31% | 66.89% | 67.57% | 68.08% | 68.08% | 67.67% | 67.28% | 67.40% | 67.53% | 67.87% | 67.63% | 66.83% | 65.71% | 64.93% |
April 26, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,433,000K ÷ $6,204,000K
= 71.45%
The gross profit margin of NetApp Inc has shown a generally positive trend over the past few years, indicating the company's ability to effectively manage its production costs and generate profits from its sales. The margin has been consistently above 60%, with a gradual increase from around 64.93% in July 2019 to 71.45% in April 2024. This improvement suggests that NetApp Inc has been able to maintain healthy profitability levels and may have implemented strategies to enhance operational efficiency and pricing strategies. Overall, the increasing trend in gross profit margin reflects favorably on the company's financial performance and competitive position within the industry.
Peer comparison
Apr 26, 2024