NetApp Inc (NTAP)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 986,000 | 940,000 | 692,000 | 1,209,000 | 1,274,000 | 1,288,000 | 1,475,000 | 949,000 | 937,000 | 1,012,000 | 942,000 | 855,000 | 730,000 | 592,000 | 687,000 | 793,000 | 819,000 | 1,019,000 | 991,000 | 989,000 |
| 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 |
| Net profit margin | 15.89% | 15.37% | 11.46% | 19.70% | 20.24% | 20.15% | 22.77% | 14.88% | 15.00% | 16.54% | 15.77% | 14.68% | 12.87% | 10.72% | 12.58% | 14.63% | 15.29% | 18.37% | 17.37% | 16.91% |
April 26, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $986,000K ÷ $6,204,000K
= 15.89%
NetApp Inc's net profit margin has shown some variability over the past two years, ranging from as low as 10.72% to as high as 22.77%. The company's net profit margin has generally been above 10%, indicating that it has been able to generate profits relative to its revenue.
There was a significant increase in the net profit margin from 10.72% in April 2021 to 22.77% in October 2022, suggesting improved profitability during that period. However, the net profit margin slightly declined in subsequent quarters but remained above 10%, indicating overall consistency in generating profits.
The fluctuation in net profit margin can be attributed to various factors such as changes in revenue, operating expenses, and one-time events affecting profitability. It is important for investors and stakeholders to monitor NetApp Inc's net profit margin trend over time to assess the company's financial performance and efficiency in generating profits.
Peer comparison
Apr 26, 2024