NetApp Inc (NTAP)

Operating profit margin

Apr 26, 2024 Apr 28, 2023 Apr 29, 2022 Apr 30, 2021 Apr 24, 2020
Operating income US$ in thousands 1,214,000 1,018,000 1,157,000 1,031,000 945,000
Revenue US$ in thousands 6,204,000 6,295,000 6,245,000 5,670,000 5,357,000
Operating profit margin 19.57% 16.17% 18.53% 18.18% 17.64%

April 26, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,214,000K ÷ $6,204,000K
= 19.57%

The operating profit margin of NetApp Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on April 26, 2024, the operating profit margin reached 19.57%, representing an increase from the previous year's 16.17%. This improvement suggests that the company's operating efficiency has strengthened, as it generated a higher percentage of operating profit relative to its revenue.

Looking at the trend over the past five years, NetApp Inc's operating profit margin was relatively stable around the range of 17% to 19%. This stability indicates consistent operational performance in terms of controlling costs and managing revenue generation. It is notable that the company was able to maintain a healthy operating profit margin even during challenging times such as the global pandemic in 2020, where it recorded a margin of 17.64%.

Overall, the upward trend in NetApp Inc's operating profit margin in the most recent year reflects positive operational management, suggesting improved profitability and efficiency in converting sales into operating income. However, continued monitoring of this metric will be important to assess the company's ability to sustain or further enhance its operating profit margin in the future.


Peer comparison

Apr 26, 2024