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NetApp Gross Profit

: $4,068 Mil (TTM As of Oct. 2021)
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NetApp's gross profit for the three months ended in Oct. 2021 was $1,059 Mil. NetApp's gross profit for the trailing twelve months (TTM) ended in Oct. 2021 was $4,068 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. NetApp's gross profit for the three months ended in Oct. 2021 was $1,059 Mil. NetApp's Revenue for the three months ended in Oct. 2021 was $1,566 Mil. Therefore, NetApp's Gross Margin % for the quarter that ended in Oct. 2021 was 67.62%.

NetApp had a gross margin of 67.62% for the quarter that ended in Oct. 2021 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of NetApp was 67.25%. The lowest was 59.39%. And the median was 62.28%.


NetApp Gross Profit Historical Data

The historical data trend for NetApp's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NetApp Annual Data
Trend Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,364.00 3,709.00 3,945.00 3,623.00 3,815.00

NetApp Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 933.00 975.00 1,035.00 999.00 1,059.00

Competitive Comparison

For the Computer Hardware subindustry, NetApp's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

NetApp Gross Profit Distribution

For the Hardware industry and Technology sector, NetApp's Gross Profit distribution charts can be found below:

* The bar in red indicates where NetApp's Gross Profit falls into.



NetApp Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

NetApp's Gross Profit for the fiscal year that ended in Apr. 2021 is calculated as

Gross Profit (A: Apr. 2021 )=Revenue - Cost of Goods Sold
=5744 - 1929
=3,815

NetApp's Gross Profit for the quarter that ended in Oct. 2021 is calculated as

Gross Profit (Q: Oct. 2021 )=Revenue - Cost of Goods Sold
=1566 - 507
=1,059

Gross Profit for the trailing twelve months (TTM) ended in Oct. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,068 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

NetApp's Gross Margin % for the quarter that ended in Oct. 2021 is calculated as

Gross Margin % (Q: Oct. 2021 )=Gross Profit (Q: Oct. 2021 ) / Revenue (Q: Oct. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,059 / 1566
=67.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


NetApp  (NAS:NTAP) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

NetApp had a gross margin of 67.62% for the quarter that ended in Oct. 2021 => Durable competitive advantage


NetApp Gross Profit Related Terms

Thank you for viewing the detailed overview of NetApp's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


NetApp Business Description

NetApp logo
Industry
Technology » Hardware NAICS : 334112 SIC : 3572
Traded in Other Exchanges
Address
1395 Crossman Avenue, Sunnyvale, CA, USA, 94089
NetApp is a leading provider of enterprise data management and storage solutions. The company's three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
Executives
Allen Scott R. officer: SVP, Chief Accounting Officer 11690 N.W. 105TH STREET MIAMI FL 33178
Anderson Brad officer: EVP, SSSBU and CIBU ONE DELL WAY ROUND ROCK TX 78682
Hill Kathryn director 7 WORLD TRADE CENTER 250 GREENWICH STREET NEW YORK NY 10007
Ahuja Deepak director C/O TESLA MOTORS, INC. 3500 DEER CREEK ROAD PALO ALTO CA 94304
Schenkel Scott F. director C/O EBAY INC. 2025 HAMILTON AVE. SAN JOSE CA 95125
Kerr Deborah director 901 MARQUETTE AVENUE SUITE 3200 MINNEAPOLIS MN 55402
Nevens Thomas Michael director C/O BORLAND SOFTWARE CORPORATION 20450 STEVENS CREEK BLVD, SUITE 800 CUPERTINO CA 95014
Shaheen George T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SHAHEEN GEORGE T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Held Gerald director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HELD GERALD a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Cernuda Cesar officer: President 1395 CROSSMAN AVENUE SUNNYVALE CA 94089
Berry Michael J officer: EVP Finance & Operations, CFO C/O INFORMATICA CORPORATION 2100 SEAPORT BOULEVARD REDWOOD CITY CA 94063
Fawcett Matthew K officer: SVP, GC & Secretary 495 EAST JAVA DRIVE SUNNYVALE CA 94089
Kurian George director, officer: CEO C/O NETAPP 495 E. JAVA DRIVE SUNNYVALE CA 94089
Pasek Ronald J officer: EVP Finance & Operations, CFO 101 INNOVATION DRIVE SAN JOSE CA 95134
Richard Henri P officer: EVP, Go To Market FREESCALE SEMICONDUCTOR, INC. 2680 ZANKER RD, SUITE 200 SAN JOSE CA 95134

NetApp Headlines

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