NetAppFRA:NTA -3.39%91 FCF Margin % is 46.20% as of Apr. 2026, which is 135% above its 10-year median of 19.68. GuruFocus rates FRA:NTA with a GF Score™ of 91/100 and a GF Value™ of €103.42 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,815 Software companies, NetApp ranks better than 92.72% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. NetApp's Free Cash Flow for the
three
months ended in Apr. 2026 was €770 Mil. NetApp's Revenue for the
three
months ended in Apr. 2026 was €1,666 Mil. Therefore, NetApp's FCF Margin % for the quarter that ended in Apr. 2026 was 46.20%.
The historical rank and industry rank for NetApp's FCF Margin % or its related term are showing as below:
FRA:NTA'
s FCF Margin % Range Over the Past 10 Years
Min: 13.64 Med: 19.68 Max: 26.99
Current: 26.98
During the past 13 years, the highest FCF Margin % of NetApp was 26.99%. The lowest was 13.64%. And the median was 19.68%.
FRA:NTA's FCF Margin % is ranked better than 92.72% of 2815
companies
in the Software industry
Industry Median: 2.41
vs FRA:NTA: 26.98
NetApp FCF Margin % Related Terms
NetApp FCF Margin % Historical Data
* Premium members only.
The historical data trend for NetApp's FCF Margin % 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.
FRA:NTA vs TWLO, MDB, VRSN: FCF Margin % Comparison
For the Software - Infrastructure subindustry, NetApp's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Software Industry
For the Software industry and Technology sector, NetApp's FCF Margin % distribution charts can be found below:
* The bar in red indicates where NetApp's FCF Margin % falls into.
* 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.
NetApp (FRA:NTA) has a FCF Margin % of 46.20% as of Apr. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NetApp and its competitors. This is 135% above median its historical median of 19.68. Over the past decade, NetApp's FCF Margin % has ranged from 13.64 to 26.99. According to the industry distribution chart, NetApp ranks #205 out of 2815 companies in the Software industry, placing it in the top 7.3%.
Is NetApp's FCF Margin % too high?
NetApp's current FCF Margin % of 46.20% is 135% above median its 10-year median of 19.68. Over the past 10 years, this metric has ranged from a low of 13.64 to a high of 26.99. The Software industry median FCF Margin % is 2.41. NetApp's value of 46.20% is 1817% above this industry median. Based on the distribution chart, NetApp ranks #205 out of 2815 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, NetApp has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetApp's FCF Margin % compare to TWLO and MDB?
According to the Software industry distribution chart, NetApp ranks #205 out of 2815 companies for FCF Margin %. This places NetApp in the top 7% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 2.41. NetApp's value of 46.20% is 1817% above this benchmark. Historically, NetApp's own FCF Margin % has ranged from 13.64 to 26.99 over the past decade. While the company's 10-year median is 19.68 vs. the industry median of 2.41, NetApp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.41, based on 2,815 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetApp's current FCF Margin % of 46.20% is 1817% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NetApp and its competitors. For the Software industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetApp's current FCF Margin % is 46.20%, which is 135% above median its own 10-year median of 19.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetApp stock overvalued right now?
Based on GuruFocus' analysis, NetApp (FRA:NTA) is currently considered Modestly Overvalued. The stock's GF Value™ is €103.42, compared to a current price of €132.38 — trading 28% above its estimated fair value. The current FCF Margin % is 46.20%, which is 135% above median its 10-year median of 19.68 and 1817% above the Software industry median of 2.41. NetApp's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For NetApp (FRA:NTA), the current FCF Margin % is 46.20% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NetApp (FRA:NTA) Overvalued in 2026?
Based on GuruFocus' analysis, NetApp stock appears to be overvalued.
The current stock price of €132.38 is trading 28% above its estimated GF Value™ of €103.42.
GuruFocus considers NetApp to be Modestly Overvalued.
Key valuation signals for FRA:NTA:
FCF Margin %: 46.20% (135% above median its 10-year median of 19.68)
GF Value™: €103.42 vs. price of €132.38 (28% above fair value)
Industry Position: 1817% above the Software median (#205 of 2815)
No single metric tells the full story. See the FRA:NTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetApp Inc is storage hardware provider into a software-driven, cloud-centric data infrastructure company. Its flagship ONTAP data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises world'wide. Its operations are organized into two segments Hybrid Cloud and Public Cloud. It generates majority of revenue from Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. It generates majority of revenue from United States followed by International market.
91GF Score
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