NetApp Inc (NTAP)
Operating profit margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,214,000 | 1,214,000 | 1,018,000 | 1,018,000 | 1,157,000 |
| Revenue | US$ in thousands | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 | 6,318,000 |
| Operating profit margin | 19.37% | 19.57% | 16.00% | 16.17% | 18.31% |
April 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,214,000K ÷ $6,268,000K
= 19.37%
The operating profit margin of NetApp Inc has shown some fluctuations over the past few years. In April 2022, the operating profit margin was 18.31%, which decreased to 16.17% by April 2023. However, there was a slight improvement in April 2024, with the operating profit margin increasing to 19.37%. Overall, the operating profit margin of NetApp Inc has ranged between 16.00% and 19.57% during the period analyzed, indicating a decent level of profitability in the company's operations.
Peer comparison
Apr 30, 2024
Company name
Symbol
Operating profit margin
NetApp Inc
NTAP
19.37%
Pure Storage Inc
PSTG
2.69%
Seagate Technology PLC
STX
7.30%
Western Digital Corporation
WDC
-2.42%