NetApp Historical Income Statement

NTAP Stock  USD 105.22  0.50  0.48%   
Historical analysis of NetApp income statement accounts such as Gross Profit of 2.4 B can show how well NetApp Inc performed in making a profits. Evaluating NetApp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NetApp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining NetApp Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NetApp Inc is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

About NetApp Income Statement Analysis

NetApp Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to NetApp shareholders. The income statement also shows NetApp investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

NetApp Income Statement Chart

NetApp Inc Income Statement is one of the three primary financial statements used for reporting NetApp's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NetApp Inc revenue and expense. NetApp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, NetApp's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/28/2024, Net Income is likely to grow to about 1.5 B, while Other Operating Expenses is likely to drop slightly above 3.4 B.

Total Revenue

Total revenue comprises all receipts NetApp Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of NetApp Inc minus its cost of goods sold. It is profit before NetApp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NetApp Inc. It is also known as NetApp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from NetApp Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of NetApp Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from NetApp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
At this time, NetApp's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/28/2024, Net Income is likely to grow to about 1.5 B, while Other Operating Expenses is likely to drop slightly above 3.4 B.
 2021 2022 2023 2024 (projected)
Gross Profit4.2B4.2B4.8B2.4B
Total Revenue6.3B6.4B7.3B3.9B

NetApp income statement Correlations

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0.380.150.970.920.990.450.50.760.520.970.420.020.240.140.940.970.030.15-0.020.060.060.150.120.05
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0.160.260.030.03-0.010.40.070.040.120.02-0.040.460.030.50.01-0.02-0.060.070.460.510.630.73-0.040.2
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0.290.17-0.03-0.07-0.020.01-0.110.00.040.06-0.070.10.630.060.040.01-0.070.010.120.860.060.930.220.17
0.210.160.120.110.10.16-0.010.010.080.150.060.240.730.080.160.110.030.140.090.740.160.930.170.12
0.660.630.120.110.12-0.090.030.220.30.120.13-0.04-0.040.35-0.590.030.170.420.620.43-0.560.220.170.71
0.680.780.130.170.090.380.420.420.580.050.110.420.20.62-0.440.10.180.50.670.23-0.430.170.120.71
Click cells to compare fundamentals

NetApp Account Relationship Matchups

NetApp income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization159M11M286M530M609.5M640.0M
Interest Expense55M74M73M234M269.1M282.6M
Total Revenue5.4B5.7B6.3B6.4B7.3B3.9B
Gross Profit3.6B3.8B4.2B4.2B4.8B2.4B
Other Operating Expenses4.5B4.8B5.1B5.2B6.0B3.4B
Operating Income945M1.0B1.2B1.0B1.2B1.2B
Ebit945M1.0B1.2B1.0B1.2B1.2B
Research Development827M847M881M956M1.1B1.2B
Ebitda1.1B1.0B1.4B1.5B1.8B1.9B
Cost Of Revenue1.8B1.9B2.1B2.2B2.5B1.5B
Total Operating Expenses2.7B2.9B3.0B3.1B3.5B1.9B
Income Before Tax944M962M1.1B1.1B1.2B1.3B
Total Other Income Expense Net(1M)(69M)(62M)48M55.2M58.0M
Net Income819M730M937M1.3B1.5B1.5B
Income Tax Expense125M232M158M(208M)(239.2M)(227.2M)
Selling General Administrative263M257M279M265M304.8M215.5M
Net Income Applicable To Common Shares819M730M937M1.3B1.5B1.5B
Selling And Marketing Expenses1.6B1.7B1.9B1.8B2.1B1.5B
Net Income From Continuing Ops819M730M937M1.3B1.5B738.2M
Non Recurring21M58M46M141M162.2M170.3M
Non Operating Income Net Other(1M)(69M)(62M)48M43.2M45.4M
Tax Provision125M232M158M(208M)(187.2M)(177.8M)
Net Interest Income(7M)(65M)(66M)2M1.8M1.9M
Interest Income48M9M7M69M62.1M39.3M
Reconciled Depreciation193M207M194M248M285.2M229.9M

NetApp Investors Sentiment

The influence of NetApp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NetApp. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NetApp's public news can be used to forecast risks associated with an investment in NetApp. The trend in average sentiment can be used to explain how an investor holding NetApp can time the market purely based on public headlines and social activities around NetApp Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NetApp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NetApp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NetApp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NetApp.

NetApp Implied Volatility

    
  24.68  
NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NetApp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NetApp's short interest history, or implied volatility extrapolated from NetApp options trading.

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When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.933
Dividend Share
2
Earnings Share
4.39
Revenue Per Share
29.398
Quarterly Revenue Growth
0.052
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.