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NetApp Valuation Multiples
Discover revenue and EBITDA valuation multiples for NetApp and similar public comparables like Sugon, Supermicro, VeriSign, Longsys and more.
NetApp Overview
About NetApp
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Geographically, the company generates the majority of its revenue from the United States, Canada and Latin America (Americas).
Founded
2001
HQ
Employees
11.7K
Website
Financials (LTM)
EV
$20B
NetApp Financials
NetApp reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, NetApp generated $5B in gross profit, $2B in EBITDA, and $2B in net income.
Revenue (LTM)
NetApp P&L
In the most recent fiscal year, NetApp reported revenue of $7B and EBITDA of $2B.
NetApp expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $493M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NetApp Stock Performance
NetApp has current market cap of $20B, and enterprise value of $20B.
Market Cap Evolution
NetApp's stock price is $100.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $20B | 0.0% | XXX | XXX | XXX | $7.65 |
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Start Free TrialNetApp Valuation Multiples
NetApp trades at 2.9x EV/Revenue multiple, and 8.9x EV/EBITDA.
EV / Revenue (LTM)
NetApp Financial Valuation Multiples
As of March 14, 2026, NetApp has market cap of $20B and EV of $20B.
Equity research analysts estimate NetApp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NetApp has a P/E ratio of 12.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.9x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 9.7x | XXX | 10.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 4.2x | XXX | XXX | XXX |
| P/E | 12.5x | XXX | 13.1x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 14.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NetApp Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
NetApp Margins & Growth Rates
NetApp's revenue in the last 12 month grew by 5%.
NetApp's revenue per employee in the last FY averaged $0.6M.
NetApp's rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NetApp's rule of X is 44% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
NetApp Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | 28% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 49% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NetApp Public Comps
See public comps and valuation multiples for other Data Storage and Data Centers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sugon | XXX | XXX | XXX | XXX | XXX | XXX |
| Supermicro | XXX | XXX | XXX | XXX | XXX | XXX |
| VeriSign | XXX | XXX | XXX | XXX | XXX | XXX |
| Longsys | XXX | XXX | XXX | XXX | XXX | XXX |
| SBA Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NetApp M&A Activity
NetApp acquired XXX companies to date.
Last acquisition by NetApp was on XXXXXXXX, XXXXX. NetApp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NetApp
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNetApp Investment Activity
NetApp invested in XXX companies to date.
NetApp made its latest investment on XXXXXXXX, XXXXX. NetApp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NetApp
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NetApp
| When was NetApp founded? | NetApp was founded in 2001. |
| Where is NetApp headquartered? | NetApp is headquartered in United States. |
| How many employees does NetApp have? | As of today, NetApp has over 11K employees. |
| Who is the CEO of NetApp? | NetApp's CEO is George Kurian. |
| Is NetApp publicly listed? | Yes, NetApp is a public company listed on Nasdaq. |
| What is the stock symbol of NetApp? | NetApp trades under NTAP ticker. |
| When did NetApp go public? | NetApp went public in 1995. |
| Who are competitors of NetApp? | NetApp main competitors are Sugon, Supermicro, VeriSign, Longsys. |
| What is the current market cap of NetApp? | NetApp's current market cap is $20B. |
| What is the current revenue of NetApp? | NetApp's last 12 months revenue is $7B. |
| What is the current revenue growth of NetApp? | NetApp revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of NetApp? | Current revenue multiple of NetApp is 2.9x. |
| Is NetApp profitable? | Yes, NetApp is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NetApp? | NetApp's last 12 months EBITDA is $2B. |
| What is NetApp's EBITDA margin? | NetApp's last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of NetApp? | Current EBITDA multiple of NetApp is 8.9x. |
| What is the current FCF of NetApp? | NetApp's last 12 months FCF is $1B. |
| What is NetApp's FCF margin? | NetApp's last 12 months FCF margin is 22%. |
| What is the current EV/FCF multiple of NetApp? | Current FCF multiple of NetApp is 13.1x. |
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