NetApp Inc (NTAP)
Pretax margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,263,000 | 1,263,000 | 1,066,000 | 1,066,000 | 1,095,000 |
| Revenue | US$ in thousands | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 | 6,318,000 |
| Pretax margin | 20.15% | 20.36% | 16.76% | 16.93% | 17.33% |
April 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,263,000K ÷ $6,268,000K
= 20.15%
NetApp Inc's pretax margin has shown a fluctuating trend over the past five years. In April 2022, the pretax margin stood at 17.33%, which slightly decreased to 16.93% by April 2023. There was a further decline to 16.76% in April 2023. However, the company's profitability improved significantly in the following years, with the pretax margin increasing to 20.36% in April 2024 and maintaining a strong level at 20.15% in April 2024. Overall, NetApp Inc's pretax margin displays variability but has shown a positive growth trajectory in recent years.
Peer comparison
Apr 30, 2024
Company name
Symbol
Pretax margin
NetApp Inc
NTAP
20.15%
Pure Storage Inc
PSTG
4.67%
Seagate Technology PLC
STX
7.19%
Western Digital Corporation
WDC
-5.05%