NetApp Inc (NTAP)
Net profit margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 986,000 | 986,000 | 1,274,000 | 1,274,000 | 937,000 |
| Revenue | US$ in thousands | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 | 6,318,000 |
| Net profit margin | 15.73% | 15.89% | 20.03% | 20.24% | 14.83% |
April 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $986,000K ÷ $6,268,000K
= 15.73%
NetApp Inc's net profit margin has shown some fluctuation over the past few years. The margin was 14.83% as of April 30, 2022, and increased to 20.24% by April 28, 2023. Subsequently, there was a slight decrease to 20.03% by April 30, 2023. In the following year, the net profit margin decreased further to 15.89% as of April 26, 2024, and then marginally declined to 15.73% by April 30, 2024. Overall, the company has maintained a relatively healthy net profit margin, indicating good control over its expenses relative to its revenue during the observed period.
Peer comparison
Apr 30, 2024
Company name
Symbol
Net profit margin
NetApp Inc
NTAP
15.73%
Pure Storage Inc
PSTG
3.37%
Seagate Technology PLC
STX
5.41%
Western Digital Corporation
WDC
-6.10%