NetApp (NTAP) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 70.1%
EBITDA Margin: 28.7%
Op. Margin: 27.3%
Net Margin: 20.7%

Op. margin of 27.3% is up 7.2% YoY — cost efficiency is improving. Net margin at 20.7% and gross margin of 70.1% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit