NetApp Inc (NTAP)
Pretax margin
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,263,000 | 1,066,000 | 1,095,000 | 962,000 | 944,000 |
| Revenue | US$ in thousands | 6,204,000 | 6,295,000 | 6,245,000 | 5,670,000 | 5,357,000 |
| Pretax margin | 20.36% | 16.93% | 17.53% | 16.97% | 17.62% |
April 26, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,263,000K ÷ $6,204,000K
= 20.36%
NetApp Inc's pretax margin has shown a fluctuating trend over the past five years. The pretax margin was 20.36% as of April 26, 2024, which represents an improvement compared to the previous year's figure of 16.93%. In general, the pretax margin has been relatively stable around the mid to high teens percentages, with the highest margin recorded in 2024 and the lowest in 2021. This indicates that NetApp has been able to generate a reasonable level of pre-tax profit relative to its total revenue, with a gradual uptrend in recent years. However, further analysis of the company's financial performance and factors influencing the pretax margin would be necessary to fully assess its financial health.
Peer comparison
Apr 26, 2024