NetApp Inc (NTAP) — Cash Flow Quality Index
Latest as of October 2025:
0.42x
NetApp Inc (NTAP) has a Cash Flow Quality Index of 0.42x as of October 2025. Operating cash flow of $127.00 Million is below net income of $305.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore NTAP debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.42x
Operating CF / Net Income
Operating Cash Flow
$127.00 Million
USD
Net Income
$305.00 Million
USD
Data as of
Oct 2025
Most recent filing
NetApp Inc Cash Flow Quality Index (1996–2025)
Historical Cash Flow Quality Index for NetApp Inc across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see NetApp Inc cash conversion from operations.
Annual Cash Flow Quality Index for NetApp Inc (1996–2025)
Year-by-year earnings quality comparison for NetApp Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.27x | $1.51 Billion | $1.19 Billion | ▼ -25.7% |
| 2024 | 1.71x | $1.69 Billion | $986.00 Million | ▲ +96.7% |
| 2023 | 0.87x | $1.11 Billion | $1.27 Billion | ▼ -32.8% |
| 2022 | 1.29x | $1.21 Billion | $937.00 Million | ▼ -29.2% |
| 2021 | 1.83x | $1.33 Billion | $730.00 Million | ▲ +41.1% |
| 2020 | 1.29x | $1.06 Billion | $819.00 Million | ▲ +12.8% |
| 2019 | 1.15x | $1.34 Billion | $1.17 Billion | ▼ -94.1% |
| 2018 | 19.45x | $1.48 Billion | $76.00 Million | ▲ +903.9% |
| 2017 | 1.94x | $986.00 Million | $509.00 Million | ▼ -54.5% |
| 2016 | 4.25x | $974.00 Million | $229.00 Million | ▲ +87.8% |
| 2015 | 2.26x | $1.27 Billion | $559.90 Million | ▲ +7.0% |
| 2014 | 2.12x | $1.35 Billion | $637.50 Million | ▼ -22.8% |
| 2013 | 2.74x | $1.39 Billion | $505.30 Million | ▲ +13.6% |
| 2012 | 2.42x | $1.46 Billion | $605.40 Million | ▲ +20.8% |
| 2011 | 2.00x | $1.35 Billion | $673.10 Million | ▼ -17.9% |
| 2010 | 2.44x | $975.00 Million | $400.40 Million | ▼ -76.3% |
| 2009 | 10.27x | $889.23 Million | $86.55 Million | ▲ +215.4% |
| 2008 | 3.26x | $1.01 Billion | $309.74 Million | ▲ +12.2% |
| 2007 | 2.90x | $864.46 Million | $297.74 Million | ▲ +39.6% |
| 2006 | 2.08x | $554.28 Million | $266.45 Million | ▲ +1.6% |
| 2005 | 2.05x | $462.12 Million | $225.75 Million | ▲ +0.1% |
| 2004 | 2.04x | $310.89 Million | $152.09 Million | ▼ -19.9% |
| 2003 | 2.55x | $195.25 Million | $76.47 Million | ▼ -94.6% |
| 2002 | 47.44x | $143.89 Million | $3.03 Million | ▲ +1527.1% |
| 2001 | 2.92x | $218.35 Million | $74.89 Million | ▲ +82.2% |
| 2000 | 1.60x | $118.08 Million | $73.79 Million | ▲ +24.0% |
| 1999 | 1.29x | $45.95 Million | $35.61 Million | ▲ +19.0% |
| 1998 | 1.08x | $22.73 Million | $20.96 Million | ▼ -95.7% |
| 1997 | 25.08x | $6.27 Million | $250.00K | ▲ +4624.6% |
| 1996 | 0.53x | $3.50 Million | $6.60 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.