NTAPNetApp
Is the business good?
A genuinely good business: 8 of 9 health tests passed, earnings fully cash-backed (1.3×), and margins widening.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is NTAP?
- Cash conversion
- 1.32×
Cash conversion · 1.60× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −1.5%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2021 | 18% |
| FY2022 | 18% |
| FY2023 | 16% |
| FY2024 | 21% |
| FY2025 | 23% |
| FY2026 | 27% |
Details›
- Free cash flow, trailing twelve months
- $1.65B
- Net income, trailing twelve months
- $1.42B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Infrastructure
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