NetApp
NetApp returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q1 | Jul 31, 2026 | 75.79% | 29.59% | 27.39% | 114.82% | 13.74% | 68.1 pp |
| FY 2026 Q4 | Apr 24, 2026 | 78.53% | 25.99% | 63.65% | 106.73% | 11.83% | 70.8 pp |
| FY 2026 Q3 | Jan 23, 2026 | 69.68% | 26.68% | 22.99% | 112.59% | 12.78% | 62 pp |
| FY 2026 Q2 | Oct 24, 2025 | 83.68% | 26.15% | — | 125.35% | 12.63% | 76 pp |
| FY 2026 Q1 | Jul 25, 2025 | 75.58% | 25.01% | — | 123% | 12.33% | 67.9 pp |
| FY 2025 Q4 | Apr 25, 2025 | 72.38% | 22.39% | — | 108.51% | 11.45% | 64.7 pp |
| FY 2025 Q3 | Jan 24, 2025 | 71.86% | 26.06% | — | 114.33% | 12.39% | 64.2 pp |
| FY 2025 Q2 | Oct 25, 2024 | 83.58% | 27.11% | 238.34% | 138.51% | 12.73% | 75.9 pp |
| FY 2025 Q1 | Jul 26, 2024 | — | 24.36% | — | 120.42% | 11.68% | — |
| FY 2024 Q4 | Apr 26, 2024 | 66.11% | 20.01% | — | 85.55% | 10.01% | 58.4 pp |
| FY 2024 Q3 | Jan 26, 2024 | 75.25% | 19.41% | — | 89.69% | 9.85% | 67.5 pp |
| FY 2024 Q2 | Oct 27, 2023 | 62.58% | 16.43% | — | 70.18% | 7.34% | 54.9 pp |
| FY 2024 Q1 | Jul 28, 2023 | — | 15.7% | — | 158.04% | 12.85% | — |
| FY 2023 Q4 | Apr 28, 2023 | — | 16.39% | — | 127.59% | 12.84% | — |
| FY 2023 Q3 | Jan 27, 2023 | — | 16.34% | — | 129.84% | 13.41% | — |
| FY 2023 Q2 | Oct 28, 2022 | — | 18.55% | — | 150.43% | 15.52% | — |
| FY 2023 Q1 | Jul 29, 2022 | — | 19.35% | — | 137.84% | 10.15% | — |
| FY 2022 Q4 | Apr 29, 2022 | — | 19.31% | 36.18% | 123.05% | 9.67% | — |
| FY 2022 Q3 | Jan 28, 2022 | — | 22.77% | — | 148.82% | 11.13% | — |
| FY 2022 Q2 | Oct 29, 2021 | — | 21.79% | — | 166.87% | 10.68% | — |
| FY 2022 Q1 | Jul 30, 2021 | — | 19.91% | — | 170.32% | 9.73% | — |
| FY 2021 Q4 | Apr 30, 2021 | — | 21.01% | — | 157.5% | 8.65% | — |
| FY 2021 Q3 | Jan 29, 2021 | — | 17.79% | — | 155.79% | 7.32% | — |
| FY 2021 Q2 | Oct 30, 2020 | — | 17.67% | — | 151.66% | 8.65% | — |
| FY 2021 Q1 | Jul 31, 2020 | — | 19.39% | — | 138.27% | 9.77% | — |
| FY 2020 Q4 | Apr 24, 2020 | — | 21.53% | — | 122.97% | 10.07% | — |
| FY 2020 Q3 | Jan 24, 2020 | 2,422.69% | 23.22% | — | 134.79% | 12.82% | 2,415 pp |
| FY 2020 Q2 | Oct 25, 2019 | 320.15% | 22.74% | — | 95.93% | 12.37% | 312.4 pp |
| FY 2020 Q1 | Jul 26, 2019 | — | 20.02% | — | 71.02% | 11.83% | — |
| FY 2019 Q4 | Apr 26, 2019 | 139.83% | 21.97% | — | 74.06% | 12.57% | 132.1 pp |
| FY 2019 Q3 | Jan 25, 2019 | 98.18% | 20.27% | — | 61.3% | 11.47% | 90.5 pp |
| FY 2019 Q2 | Oct 26, 2018 | 17.26% | 22.9% | — | 13.42% | 3.06% | 9.6 pp |
| FY 2019 Q1 | Jul 27, 2018 | — | 21.64% | — | 9.51% | 2.41% | — |
| FY 2018 Q4 | Apr 27, 2018 | 5.09% | 19.37% | — | 3.14% | 0.79% | -2.6 pp |
| FY 2018 Q3 | Jan 26, 2018 | — | 18.95% | — | -0.21% | -0.05% | — |
| FY 2018 Q2 | Oct 27, 2017 | — | 12.93% | — | 23.25% | 6.79% | — |
| FY 2018 Q1 | Jul 28, 2017 | — | 12.44% | — | 20.9% | 6.32% | — |
| FY 2017 Q4 | Apr 28, 2017 | 24.35% | 11.32% | — | 17.98% | 5.21% | 16.6 pp |
| FY 2017 Q3 | Jan 27, 2017 | — | 8.37% | — | 10.72% | 3.49% | — |
| FY 2017 Q2 | Oct 28, 2016 | — | 7.47% | — | 11.01% | 3.66% | — |
| FY 2017 Q1 | Jul 29, 2016 | — | 7.48% | — | 11.15% | 3.69% | — |
| FY 2016 Q4 | Apr 29, 2016 | — | 5.33% | — | 7.28% | 2.36% | — |
| FY 2016 Q3 | Jan 29, 2016 | — | 6.83% | — | 11.24% | 4.13% | — |
| FY 2016 Q2 | Oct 30, 2015 | — | 7.51% | — | 12.27% | 4.44% | — |
| FY 2016 Q1 | Jul 31, 2015 | — | 7.99% | — | 12.92% | 4.86% | — |
| FY 2015 Q4 | Apr 24, 2015 | — | 10.84% | — | 15.55% | 6.01% | — |
| FY 2015 Q3 | Jan 23, 2015 | — | 11.69% | — | 16.76% | 6.82% | — |
| FY 2015 Q2 | Oct 24, 2014 | — | 11.92% | — | 16.81% | 6.94% | — |
| FY 2015 Q1 | Jul 25, 2014 | — | 11.59% | — | 16.41% | 6.97% | — |
| FY 2014 Q4 | Apr 25, 2014 | 20.44% | 10.54% | — | 14.99% | 6.23% | 12.7 pp |
| FY 2014 Q3 | Jan 24, 2014 | 19.11% | 10.34% | — | 14.38% | 6.18% | 11.4 pp |
| FY 2014 Q2 | Oct 25, 2013 | — | 10.59% | — | 13.62% | 6.19% | — |
| FY 2014 Q1 | Jul 26, 2013 | — | 9.89% | — | 12.46% | 5.68% | — |
| FY 2013 Q4 | Apr 26, 2013 | 14.19% | 9.06% | — | 11.22% | 4.86% | 6.5 pp |
| FY 2013 Q3 | Jan 25, 2013 | — | 8.98% | — | 11.82% | 5.2% | — |
| FY 2013 Q2 | Oct 26, 2012 | — | 9.6% | — | 11.55% | 5.25% | — |
| FY 2013 Q1 | Jul 27, 2012 | — | 11.59% | — | 12.92% | 5.93% | — |
| FY 2012 Q4 | Apr 27, 2012 | — | 13.4% | — | 15.09% | 6.72% | — |
| FY 2012 Q3 | Jan 27, 2012 | — | 12.64% | — | 15.49% | 7.06% | — |
| FY 2012 Q2 | Oct 28, 2011 | — | 14.11% | — | 18.21% | 8.11% | — |
| FY 2012 Q1 | Jul 29, 2011 | — | 16.31% | — | 19.09% | 8.44% | — |
| FY 2011 Q4 | Apr 29, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Jan 28, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Oct 29, 2010 | — | — | — | — | — | — |
| FY 2011 Q1 | Jul 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · NTAP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.