NetApp Inc (NTAP) — Tangible Net Worth Ratio
NetApp Inc (NTAP) has a Tangible Net Worth Ratio of 96.9% as of October 2025. This metric is calculated by deducting intangible assets ($31.00 Million) from net assets ($986.00 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore how fast is NetApp Inc growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
NetApp Inc Tangible Net Worth Ratio (1996–2025)
This chart shows how NetApp Inc's Tangible Net Worth Ratio has changed across 30 annual periods from 1996 to 2025. As of October 2025, the ratio stands at 96.9%, reflecting net assets of $986.00 Million with intangible assets of $31.00 Million USD. For live market cap and overall valuation, see NetApp Inc (NTAP) total market value.
Annual Tangible Net Worth Ratio for NetApp Inc (1996–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for NetApp Inc from 1996 to 2025, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore NetApp Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.9% | $1.04 Billion | $43.00 Million | $10.82 Billion | ▲ +6.7 pp |
| 2024 | 89.2% | $1.15 Billion | $124.00 Million | $9.89 Billion | ▲ +4.8 pp |
| 2023 | 84.4% | $1.16 Billion | $181.00 Million | $9.82 Billion | ▲ +1.3 pp |
| 2022 | 83.1% | $838.00 Million | $142.00 Million | $10.03 Billion | ▼ -2.2 pp |
| 2021 | 85.3% | $685.00 Million | $101.00 Million | $9.36 Billion | ▲ +3.4 pp |
| 2020 | 81.8% | $242.00 Million | $44.00 Million | $7.52 Billion | ▼ -13.9 pp |
| 2019 | 95.7% | $1.09 Billion | $47.00 Million | $8.74 Billion | ▲ +0.2 pp |
| 2018 | 95.5% | $2.07 Billion | $94.00 Million | $9.87 Billion | ▲ +0.2 pp |
| 2017 | 95.3% | $2.78 Billion | $131.00 Million | $9.49 Billion | ▲ +1.5 pp |
| 2016 | 93.8% | $2.88 Billion | $180.00 Million | $10.04 Billion | ▼ -3.6 pp |
| 2015 | 97.4% | $3.41 Billion | $89.50 Million | $9.40 Billion | ▲ +0.6 pp |
| 2014 | 96.8% | $3.79 Billion | $121.50 Million | $9.22 Billion | ▲ +0.6 pp |
| 2013 | 96.2% | $4.72 Billion | $180.60 Million | $11.24 Billion | ▲ +1.6 pp |
| 2012 | 94.6% | $4.36 Billion | $236.00 Million | $9.53 Billion | ▼ -4.0 pp |
| 2011 | 98.6% | $3.84 Billion | $53.00 Million | $8.50 Billion | ▼ -0.4 pp |
| 2010 | 99.0% | $2.53 Billion | $25.10 Million | $6.49 Billion | ▲ +1.8 pp |
| 2009 | 97.2% | $1.66 Billion | $45.74 Million | $5.47 Billion | ▲ +2.5 pp |
| 2008 | 94.7% | $1.70 Billion | $90.08 Million | $4.07 Billion | ▼ -1.1 pp |
| 2007 | 95.8% | $1.99 Billion | $83.01 Million | $3.66 Billion | ▼ -0.3 pp |
| 2006 | 96.1% | $1.92 Billion | $75.05 Million | $3.26 Billion | ▼ -2.6 pp |
| 2005 | 98.7% | $1.66 Billion | $21.45 Million | $2.37 Billion | ▲ +21.6 pp |
| 2004 | 77.1% | $1.42 Billion | $323.53 Million | $1.88 Billion | ▼ -17.7 pp |
| 2003 | 94.8% | $987.36 Million | $51.17 Million | $1.32 Billion | ▲ +1.6 pp |
| 2002 | 93.2% | $858.48 Million | $58.62 Million | $1.11 Billion | ▲ +3.1 pp |
| 2001 | 90.1% | $804.45 Million | $79.51 Million | $1.04 Billion | ▼ -9.9 pp |
| 2000 | 100.0% | $478.75 Million | $0.00 | $592.23 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $295.72 Million | $0.00 | $346.35 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $86.27 Million | $0.00 | $115.74 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $54.03 Million | $0.00 | $68.94 Million | ▲ +0.0 pp |
| 1996 | 100.0% | $39.03 Million | $0.00 | $45.45 Million | — |