Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. NetApp's Pre-Tax Income for the
three
months ended in Jan. 2024 was $382 Mil. NetApp's Revenue for the
three
months ended in Jan. 2024 was $1,606 Mil. Therefore, NetApp's pretax margin for the quarter that ended in Jan. 2024 was 23.79%.
The historical rank and industry rank for NetApp's Pretax Margin % or its related term are showing as below:
NTAP'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.22 Med: 16.76 Max: 20.63
Current: 19.37
NTAP's Pretax Margin % is ranked better than 90.99% of 2463
companies
in the Hardware industry
Industry Median: 3.59
vs NTAP: 19.37
NetApp Pretax Margin % Historical Data
The historical data trend for NetApp's Pretax 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.
Competitive Comparison of NetApp's Pretax Margin %
For the Computer Hardware subindustry, NetApp's Pretax Margin %, along with its competitors' market caps and Pretax 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's Pretax Margin % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, NetApp's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NetApp's Pretax Margin % falls into.
NetApp Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
NetApp's Pretax Margin for the fiscal year that ended in Apr. 2023 is calculated as
* 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 (NAS:NTAP) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
NetApp Pretax Margin % Related Terms
Thank you for viewing the detailed overview of NetApp's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
NetApp Inc is a leading 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 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NTAP has been successfully added to your 