NetApp Net Income vs Operating Income Analysis

NTAP Stock

USD 100.14 0.77 0.76%

NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Net Income and its Operating Income accounts. 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.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Net Income account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between NetApp's Net Income and Operating Income is 0.73. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of NetApp Inc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., NetApp's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NetApp Inc financial statement analysis. It represents the amount of money remaining after all of NetApp Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

As of 04/18/2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop slightly above 215.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.2B	4.2B	4.8B	2.4B
Total Revenue	6.3B	6.4B	7.3B	3.9B

Gross Profit Total Revenue

NetApp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Stockholder Equity
Total Assets		0.62	0.6	0.91	0.47	0.74	0.64	-0.45	0.26	0.59	0.74	0.49	0.19	0.82	0.8	0.17	0.42	0.47	0.63	0.61	0.64	0.9	0.37	0.47	0.28	0.19
Short Long Term Debt Total	0.62		0.88	0.64	-0.07	0.16	0.89	0.21	-0.02	0.56	0.23	0.86	0.71	0.32	0.61	-0.4	-0.16	0.89	0.72	0.55	0.94	0.41	-0.1	-0.13	0.19	-0.41
Other Current Liab	0.6	0.88		0.76	-0.1	0.18	0.81	0.15	0.08	0.68	0.24	0.77	0.57	0.31	0.71	-0.34	-0.15	0.77	0.71	0.43	0.89	0.41	0.07	-0.15	0.02	-0.53
Total Current Liabilities	0.91	0.64	0.76		0.23	0.58	0.63	-0.32	0.18	0.73	0.61	0.48	0.2	0.67	0.87	-0.01	0.22	0.47	0.64	0.42	0.67	0.77	0.44	0.24	0.24	-0.12
Total Stockholder Equity	0.47	-0.07	-0.1	0.23		0.86	-0.04	-0.82	0.64	-0.29	0.78	-0.08	-0.29	0.79	-0.02	0.91	0.95	-0.29	0.16	0.5	-0.11	0.71	0.7	0.99	0.14	0.71
Property Plant And Equipment Net	0.74	0.16	0.18	0.58	0.86		0.29	-0.77	0.5	0.09	0.83	0.16	-0.12	0.87	0.41	0.72	0.83	0.0	0.41	0.63	0.21	0.87	0.66	0.86	0.17	0.64
Current Deferred Revenue	0.64	0.89	0.81	0.63	-0.04	0.29		0.21	-0.14	0.6	0.18	0.94	0.77	0.28	0.72	-0.36	-0.11	0.94	0.84	0.72	0.98	0.41	-0.2	-0.11	0.16	-0.18
Net Debt	-0.45	0.21	0.15	-0.32	-0.82	-0.77	0.21		-0.46	0.02	-0.9	0.41	0.66	-0.85	-0.11	-0.86	-0.84	0.42	0.07	-0.18	0.23	-0.77	-0.74	-0.87	-0.2	-0.67
Retained Earnings	0.26	-0.02	0.08	0.18	0.64	0.5	-0.14	-0.46		-0.28	0.44	-0.09	-0.25	0.46	-0.05	0.65	0.55	-0.29	0.15	0.31	-0.13	0.41	0.6	0.62	-0.43	0.27
Accounts Payable	0.59	0.56	0.68	0.73	-0.29	0.09	0.6	0.02	-0.28		0.23	0.42	0.2	0.27	0.88	-0.42	-0.22	0.62	0.52	0.2	0.68	0.4	-0.1	-0.27	0.21	-0.31
Cash	0.74	0.23	0.24	0.61	0.78	0.83	0.18	-0.9	0.44	0.23		-0.04	-0.35	0.99	0.39	0.67	0.76	-0.03	0.24	0.41	0.18	0.95	0.69	0.81	0.29	0.48
Non Current Assets Total	0.49	0.86	0.77	0.48	-0.08	0.16	0.94	0.41	-0.09	0.42	-0.04		0.91	0.09	0.54	-0.42	-0.16	0.9	0.82	0.68	0.91	0.21	-0.25	-0.17	0.09	-0.3
Non Currrent Assets Other	0.19	0.71	0.57	0.2	-0.29	-0.12	0.77	0.66	-0.25	0.2	-0.35	0.91		-0.22	0.27	-0.59	-0.33	0.81	0.58	0.48	0.74	-0.13	-0.44	-0.38	0.12	-0.43
Cash And Short Term Investments	0.82	0.32	0.31	0.67	0.79	0.87	0.28	-0.85	0.46	0.27	0.99	0.09	-0.22		0.45	0.63	0.76	0.07	0.34	0.51	0.28	0.98	0.65	0.81	0.3	0.46
Net Receivables	0.8	0.61	0.71	0.87	-0.02	0.41	0.72	-0.11	-0.05	0.88	0.39	0.54	0.27	0.45		-0.21	-0.02	0.64	0.66	0.43	0.74	0.61	0.05	-0.01	0.1	-0.08
Common Stock Shares Outstanding	0.17	-0.4	-0.34	-0.01	0.91	0.72	-0.36	-0.86	0.65	-0.42	0.67	-0.42	-0.59	0.63	-0.21		0.9	-0.59	-0.12	0.22	-0.42	0.52	0.71	0.92	-0.03	0.74
Short Term Investments	0.42	-0.16	-0.15	0.22	0.95	0.83	-0.11	-0.84	0.55	-0.22	0.76	-0.16	-0.33	0.76	-0.02	0.9		-0.36	0.08	0.41	-0.17	0.68	0.73	0.95	0.3	0.67
Non Current Liabilities Total	0.47	0.89	0.77	0.47	-0.29	0.0	0.94	0.42	-0.29	0.62	-0.03	0.9	0.81	0.07	0.64	-0.59	-0.36		0.71	0.55	0.95	0.2	-0.46	-0.36	0.12	-0.35
Inventory	0.63	0.72	0.71	0.64	0.16	0.41	0.84	0.07	0.15	0.52	0.24	0.82	0.58	0.34	0.66	-0.12	0.08	0.71		0.8	0.82	0.46	0.06	0.09	0.07	-0.04
Other Current Assets	0.61	0.55	0.43	0.42	0.5	0.63	0.72	-0.18	0.31	0.2	0.41	0.68	0.48	0.51	0.43	0.22	0.41	0.55	0.8		0.63	0.57	0.08	0.42	0.02	0.39
Total Liab	0.64	0.94	0.89	0.67	-0.11	0.21	0.98	0.23	-0.13	0.68	0.18	0.91	0.74	0.28	0.74	-0.42	-0.17	0.95	0.82	0.63		0.4	-0.19	-0.18	0.16	-0.32
Total Current Assets	0.9	0.41	0.41	0.77	0.71	0.87	0.41	-0.77	0.41	0.4	0.95	0.21	-0.13	0.98	0.61	0.52	0.68	0.2	0.46	0.57	0.4		0.59	0.73	0.28	0.42
Short Term Debt	0.37	-0.1	0.07	0.44	0.7	0.66	-0.2	-0.74	0.6	-0.1	0.69	-0.25	-0.44	0.65	0.05	0.71	0.73	-0.46	0.06	0.08	-0.19	0.59		0.74	0.15	0.24
Common Stock	0.47	-0.13	-0.15	0.24	0.99	0.86	-0.11	-0.87	0.62	-0.27	0.81	-0.17	-0.38	0.81	-0.01	0.92	0.95	-0.36	0.09	0.42	-0.18	0.73	0.74		0.16	0.72
Common Stock Total Equity	0.28	0.19	0.02	0.24	0.14	0.17	0.16	-0.2	-0.43	0.21	0.29	0.09	0.12	0.3	0.1	-0.03	0.3	0.12	0.07	0.02	0.16	0.28	0.15	0.16		0.0
Other Stockholder Equity	0.19	-0.41	-0.53	-0.12	0.71	0.64	-0.18	-0.67	0.27	-0.31	0.48	-0.3	-0.43	0.46	-0.08	0.74	0.67	-0.35	-0.04	0.39	-0.32	0.42	0.24	0.72	0.0

Click cells to compare fundamentals

NetApp Account Relationship Matchups

NetApp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	9.4B	10.0B	9.8B	11.3B	6.1B
Short Long Term Debt Total	1.7B	2.6B	2.6B	2.4B	2.7B	2.9B
Other Current Liab	774M	921M	925M	810M	931.5M	978.1M
Total Current Liabilities	3.6B	3.5B	4.0B	3.5B	4.0B	2.1B
Total Stockholder Equity	242M	685M	838M	1.2B	1.3B	1.9B
Property Plant And Equipment Net	727M	525M	602M	650M	747.5M	637.6M
Current Deferred Revenue	1.9B	2.1B	2.2B	2.2B	2.6B	2.7B
Net Debt	(1.2B)	(2.0B)	(1.5B)	73M	65.7M	69.0M
Accounts Payable	426M	420M	607M	392M	450.8M	233.6M
Cash	2.9B	4.6B	4.1B	2.3B	2.7B	2.6B
Non Current Assets Total	3.2B	3.4B	4.1B	5.1B	5.9B	6.2B
Non Currrent Assets Other	699M	694M	526M	1.5B	1.8B	1.9B
Cash And Short Term Investments	2.9B	4.6B	4.1B	3.1B	3.5B	3.0B
Net Receivables	973M	945M	1.2B	987M	1.1B	613.5M
Common Stock Shares Outstanding	233M	226M	229M	220M	198M	255.4M
Short Term Investments	224M	67M	22M	754M	867.1M	1.3B
Liabilities And Stockholders Equity	7.5B	9.4B	10.0B	9.8B	11.3B	6.1B
Non Current Liabilities Total	3.7B	5.2B	5.2B	5.2B	6.0B	6.3B
Inventory	145M	114M	204M	167M	192.1M	201.7M
Other Current Assets	274M	346M	377M	456M	524.4M	616.8M
Total Liab	7.3B	8.7B	9.2B	8.7B	10.0B	10.5B
Total Current Assets	4.3B	6.0B	5.9B	4.7B	5.4B	4.0B
Accumulated Other Comprehensive Income	(42M)	(30M)	(44M)	(51M)	(45.9M)	(43.6M)
Short Term Debt	522M	49M	250M	47M	54.1M	51.3M
Common Stock	242M	685M	760M	945M	1.1B	1.1B
Common Stock Total Equity	284M	504M	760M	945M	1.1B	750.9M
Other Stockholder Equity	42M	(181M)	(44M)	(51M)	(58.7M)	(55.7M)
Property Plant And Equipment Gross	864M	639M	2.1B	2.3B	2.6B	2.8B
Other Liab	2.4B	2.6B	2.8B	2.6B	2.9B	3.1B
Other Assets	535M	694M	991M	1.2B	1.4B	1.4B
Property Plant Equipment	727M	525M	602M	650M	747.5M	741.8M
Good Will	1.8B	2.0B	2.3B	2.8B	3.2B	3.3B
Intangible Assets	44M	101M	142M	181M	162.9M	95.5M
Long Term Debt	1.1B	2.6B	2.4B	2.4B	2.7B	2.9B
Net Tangible Assets	(1.6B)	(1.5B)	(1.7B)	(1.8B)	(1.6B)	(1.5B)
Deferred Long Term Liab	97M	89M	111M	117M	105.3M	100.0M

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

54.64

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:

How To Invest In NetApp

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Is NetApp Stock a good investment?

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What is NetApp's Net Worth?

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for NetApp Stock analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.

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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

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.

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NetApp Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

NetApp fundamental ratios Correlations

NetApp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NetApp fundamental ratios Accounts

NetApp Investors Sentiment

NetApp Implied Volatility

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for NetApp Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.98	Current Deferred Revenue
Total Current Assets	+ 0.98	Cash And Short Term Investments
Short Term Investments	+ 0.95	Total Stockholder Equity
Total Current Assets	+ 0.95	Cash

Cash	- 0.9	Net Debt
Common Stock	- 0.87	Net Debt
Common Stock Shares Outstanding	- 0.86	Net Debt
Cash And Short Term Investments	- 0.85	Net Debt
Short Term Investments	- 0.84	Net Debt
Net Debt	- 0.82	Total Stockholder Equity