NetApp, Inc. (NTAP) FCF Payout Ratio: 21.92%
Is NetApp, Inc.’s FCF payout ratio high or low?
NetApp, Inc.'s FCF payout ratio of 21.92% is 38% below its 5-year average of 35.41%, near the low end of its 5-year range (22.10%–49.77%).
The FCF payout ratio for NetApp, Inc. (NTAP) is 21.92%. It is below its 12-month average by 18.49% (26.89%).
NTAP FCF Payout Ratio Chart
NTAP Average FCF Payout Ratio Chart
NTAP Current vs Average FCF Payout Ratio Chart
NTAP FCF Payout Ratio Metrics
FCF PAYOUT RATIO
21.92%
FCF PAYOUT RATIO AVG TTM
26.89%
FCF PAYOUT RATIO AVG 3Y
32.69%
FCF PAYOUT RATIO AVG 5Y
35.41%
FCF PAYOUT RATIO AVG 10Y
32.85%
FCF PAYOUT RATIO AVG 15Y
30.64%
FCF PAYOUT RATIO AVG 20Y
30.64%
CURRENT VS TTM AVG
-18.49%
CURRENT VS 3Y AVG
-32.94%
CURRENT VS 5Y AVG
-38.11%
CURRENT VS 10Y AVG
-33.28%
CURRENT VS 15Y AVG
-28.46%
CURRENT VS 20Y AVG
-28.46%
Payout Ratio Comparison
FCF Payout Ratio
21.9%
Earnings Payout Ratio
32.4%
Dividend Yield
1.28%
FCF Yield
5.79%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $1.87B | $413.00M | 22.1% |
| 2025 | $1.34B | $424.00M | 31.7% |
| 2024 | $1.53B | $416.00M | 27.2% |
| 2023 | $868.00M | $432.00M | 49.8% |
| 2022 | $985.00M | $446.00M | 45.3% |
| 2021 | $1.17B | $427.00M | 36.5% |
| 2020 | $936.00M | $439.00M | 46.9% |
| 2019 | $1.17B | $403.00M | 34.5% |
| 2018 | $1.33B | $214.00M | 16.1% |
| 2017 | $811.00M | $208.00M | 25.6% |
| 2016 | $814.00M | $210.00M | 25.8% |
| 2015 | $1.09B | $207.40M | 19.0% |
| 2014 | $1.13B | $202.30M | 17.9% |
| 2013 | $1.08B | $0 | 0.0% |
| 2012 | $1.06B | $0 | 0.0% |
| 2011 | $1.12B | $0 | 0.0% |
| 2010 | $839.40M | $0 | 0.0% |
| 2009 | $599.57M | $0 | 0.0% |
| 2008 | $820.61M | $0 | 0.0% |
| 2007 | $698.63M | $0 | 0.0% |
| 2006 | $421.37M | $0 | 0.0% |
| 2005 | $368.55M | $0 | 0.0% |
| 2004 | $262.29M | $0 | 0.0% |
| 2003 | $133.98M | $0 | 0.0% |
| 2002 | ($140.34M) | $0 | N/A (Loss) |
| 2001 | $134.67M | $0 | 0.0% |
| 2000 | $77.26M | $0 | 0.0% |
| 1999 | $30.47M | $0 | 0.0% |
| 1998 | $14.76M | $0 | 0.0% |
| 1997 | ($855,000) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
NetApp, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
NetApp, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for NetApp, Inc. (NTAP)?
- The FCF payout ratio for NTAP stock is 21.92%.
- Is NetApp, Inc.'s FCF payout ratio high or low?
- NetApp, Inc.'s FCF payout ratio of 21.92% is 38% below its 5-year average of 35.41%, near the low end of its 5-year range (22.10%–49.77%).
- What is the TTM average FCF payout ratio for NetApp, Inc. (NTAP)?
- The TTM average FCF payout ratio for NTAP stock is 26.89%.
- What is the 3Y average FCF payout ratio for NetApp, Inc. (NTAP)?
- The 3Y average FCF payout ratio for NTAP stock is 32.69%.
- What is the 5Y average FCF payout ratio for NetApp, Inc. (NTAP)?
- The 5Y average FCF payout ratio for NTAP stock is 35.41%.
- What is the 10Y average FCF payout ratio for NetApp, Inc. (NTAP)?
- The 10Y average FCF payout ratio for NTAP stock is 32.85%.
- What is the 15Y average FCF payout ratio for NetApp, Inc. (NTAP)?
- The 15Y average FCF payout ratio for NTAP stock is 30.64%.
- What is the 20Y average FCF payout ratio for NetApp, Inc. (NTAP)?
- The 20Y average FCF payout ratio for NTAP stock is 30.64%.
NetApp, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-04-24 | 22.10% |
| 2025-04-30 | 31.69% |
| 2024-04-30 | 27.19% |
| 2023-04-30 | 49.77% |
| 2022-04-30 | 45.28% |
| 2021-04-30 | 36.46% |
| 2020-04-30 | 46.90% |
| 2019-04-30 | 34.50% |
| 2018-04-30 | 16.05% |
| 2017-04-30 | 25.65% |
| 2016-04-30 | 25.80% |
| 2015-04-30 | 18.98% |
| 2014-04-30 | 17.93% |
About NetApp, Inc.
NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.
- Sector
- Technology
- Industry
- Computer Hardware
- CEO
- George Kurian