NetApp Inc (NTAP)

Pretax margin

Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Apr 26, 2024 Jan 31, 2024 Jan 26, 2024 Oct 31, 2023 Oct 27, 2023 Jul 31, 2023 Jul 28, 2023 Apr 30, 2023 Apr 28, 2023 Jan 31, 2023 Jan 27, 2023 Oct 31, 2022 Oct 28, 2022 Jul 31, 2022 Jul 29, 2022
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,383,000 1,409,000 1,419,000 1,441,000 1,524,000 1,459,000 1,394,000 1,198,000 1,002,000 1,001,000 1,000,000 991,000 982,000 973,000 964,000 1,057,000 1,150,000 1,117,000 1,084,000 1,120,000
Revenue (ttm) US$ in thousands 6,572,000 6,507,000 6,518,000 6,466,000 6,514,000 6,409,000 6,304,000 6,130,000 5,957,000 5,976,000 5,994,000 6,088,000 6,182,000 6,264,000 6,345,000 6,411,000 6,475,000 6,494,000 6,510,000 6,532,000
Pretax margin 21.04% 21.65% 21.77% 22.29% 23.40% 22.76% 22.11% 19.54% 16.82% 16.75% 16.68% 16.28% 15.88% 15.53% 15.19% 16.49% 17.76% 17.20% 16.65% 17.15%

April 30, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,383,000K ÷ $6,572,000K
= 21.04%

The pretax margin of NetApp Inc has shown some fluctuations over the past few years. Starting from around 17% in July 2022, the pretax margin decreased slightly to about 16% by January 2023. There was a further decline to around 15.5% in April 2023.

However, from July 2023 onwards, the pretax margin started to pick up, increasing steadily to reach a peak of over 23% by April 2024. This significant improvement in profitability was sustained for some time before experiencing a slight dip to around 21% by April 2025.

Overall, the trend in NetApp Inc's pretax margin has been positive in recent years, indicating the company's ability to efficiently manage its costs and generate profits before taxes.


Peer comparison

Apr 30, 2025