NetApp Inc (NTAP)
Net profit margin
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 986,000 | 1,274,000 | 937,000 | 730,000 | 819,000 |
| Revenue | US$ in thousands | 6,204,000 | 6,295,000 | 6,245,000 | 5,670,000 | 5,357,000 |
| Net profit margin | 15.89% | 20.24% | 15.00% | 12.87% | 15.29% |
April 26, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $986,000K ÷ $6,204,000K
= 15.89%
NetApp Inc's net profit margin has displayed some fluctuations over the past five years. The net profit margin decreased from 20.24% in April 2023 to 15.00% in April 2022, before increasing to 15.89% in April 2024. This indicates a slight recovery in profitability. However, compared to the margin in April 2021 (12.87%), the company has shown an improvement in cost management and revenue generation. Overall, NetApp Inc has maintained a relatively healthy net profit margin range between 12.87% and 20.24% over the past five years, signaling a consistent performance in generating profits relative to its revenues.
Peer comparison
Apr 26, 2024