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NetApp, Inc. Quality Score

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Quality78

Business quality remains strong (avg 100/100), but growth is pulling the composite down (avg 50/100).

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
60/100
26.5x

25–30x, paying a growth premium

Cash Flow Multiple
80/100
22.3x

20–25x, moderate cash flow premium

Revenue Growth
0/100
1.1%

Below 2%, essentially flat

Cash Flow Growth
100/100
17.4%

Above 10% CAGR, strong compounder

Business Quality & Capital Allocation

Share Dilution
100/100
-9.1%

Shrinking >2%, active buybacks

Margin Trend
100/100
+11.8pp

Expanded 3+pp, strong improvement

Capital Structure
100/100
-$1.04B

Net cash position, no leverage concern

2023
$3.07B
$2.68B
2024
$3.25B
$2.65B
2025
$3.85B
$3.49B
2026
$3.58B
$2.73B
TTM
$3.58B
$2.53B
CashDebt
Return on Capital
100/100
36.6%

Above 20%, exceptional capital efficiency

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NetApp (NTAP) quality: score, margins and returns

NetApp (NTAP) scores 78/100 on Intrinsiqq's quality score (a solid business), a weighted blend of 8 metrics each scored 0 to 100, on 27.8% operating margins and 36.6% ROIC. Every metric is computed from SEC filings; this is analysis, not investment advice.

Frequently asked

Is NetApp (NTAP) a high-quality business?+

NetApp scores 78 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a solid business on these measures. Recent figures include a 27.8% operating margin and a 36.6% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does NetApp's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from NTAP's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where NetApp scores well and where it falls behind.

What is NetApp's return on invested capital (ROIC)?+

NetApp earns about 36.6% on its invested capital, which is exceptional. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to NTAP's margins and growth on this scorecard to judge durability.

How profitable is NetApp?+

NetApp runs an operating margin of about 27.8% and a net margin of about 21.3%. Revenue has grown at roughly 1.7% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from SEC filings, not investment advice.

How the market compares: US profitability statistics

SourceQuality score computed from the 10-Q filed 28 Aug 2026, covering the period ending 31 Jul 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.

Fiscal year ends Apr. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.

Peers

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Held by ETFs

NTAP is in 364 US ETFs. The largest of them, with NTAP's weight in each:

Spot a number that looks wrong? Check it in NTAP's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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