CDW vs. NTAP: CDW vs. NetApp Stock Comparison

November 11, 2026

How do CDW (CDW) and NetApp (NTAP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CDW (CDW) and NetApp (NTAP) both fall under the Technology Hardware & Equipment industry group, but CDW is classified in Electronic Equipment, Instruments & Components while NTAP is classified in Technology Hardware, Storage & Peripherals.

Company profile comparison for CDW (CDW) and NetApp (NTAP)
Profile Item	CDW	NTAP
Name	CDW Corporation	NetApp, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Technology Distributors	Technology Hardware, Storage & Peripherals
Market Capitalization	19.60 billion USD	33.23 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 27, 2013	November 21, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CDW

NTAP

GSPC

CDW (CDW) vs. NetApp (NTAP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CDW (CDW) and NetApp (NTAP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CDW (CDW) and NetApp (NTAP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
Total Return (1Y)	16.85%	59.65%
Total Return (3Y, Annualized)	-6.46%	35.23%
Total Return (5Y, Annualized)	-1.35%	16.66%

Risk Profile

Drawdown History

CDW

NTAP

GSPC

CDW (CDW) vs. NetApp (NTAP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CDW (CDW) and NetApp (NTAP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
Volatility (1Y, Annualized)	48.60%	48.37%
Beta (5Y)	0.90	1.55
Max Drawdown (5Y)	-60.37%	-42.61%
Avg. Volume (3M)	1.60M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

CDW and NTAP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
Sharpe Ratio (1Y)	0.26	1.14
Sortino Ratio (1Y)	0.37	1.84

Profitability

ROE (TTM)

Both companies show strong equity returns, but NetApp (NTAP) at 114.82% is the standout with ROE above its industry range; CDW (CDW) at 42.47% also sits in the top quartile.

CDW

Technology Hardware & Equipment industry group

42.47%

CDW: 42.47%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

NTAP

Technology Hardware & Equipment industry group

114.82%

NTAP: 114.82%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

CDW (CDW) vs. NetApp (NTAP): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

NetApp (NTAP) at 19.19% retains a top-quartile share of revenue as profit, ahead of CDW (CDW) at 4.48%, which keeps about the industry-typical share.

CDW

Technology Hardware & Equipment industry group

4.48%

Max: 27.60%
Q3: 11.66%
CDW: 4.48%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

NTAP

Technology Hardware & Equipment industry group

19.19%

Max: 27.60%
NTAP: 19.19%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

CDW (CDW) vs. NetApp (NTAP): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

NetApp (NTAP) at 26.67% operates in the top operating margin quartile, ahead of CDW (CDW) at 8.14%, which runs around its industry’s norm.

CDW

Technology Hardware & Equipment industry group

8.14%

Max: 36.27%
Q3: 18.36%
Median: 8.84%
CDW: 8.14%
Q1: 1.46%
Min: -21.39%

NTAP

Technology Hardware & Equipment industry group

26.67%

Max: 36.27%
NTAP: 26.67%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

CDW (CDW) vs. NetApp (NTAP): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
ROE (TTM)	42.47%	114.82%
ROA (TTM)	6.47%	11.66%
Net Margin (TTM)	4.48%	19.19%
Operating Margin (TTM)	8.14%	26.67%
Gross Margin (TTM)	21.00%	70.63%

Growth

Revenue Growth

Both CDW (CDW) at 6.79% and NetApp (NTAP) at 5.37% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

CDW (CDW) vs. NetApp (NTAP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both CDW (CDW) at 1.38% and NetApp (NTAP) at 11.99% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

CDW (CDW) vs. NetApp (NTAP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
Revenue Growth (YoY)	6.79%	5.37%
Revenue Growth (3Y CAGR)	-1.89%	2.87%
EPS Growth (YoY)	1.38%	11.99%
EPS Growth (3Y CAGR)	-0.21%	3.13%

Financial Strength

Current Ratio (MRQ)

Both CDW (CDW) at 1.27 and NetApp (NTAP) at 1.24 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

CDW

Technology Hardware & Equipment industry group

1.27

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
CDW: 1.27
Min: 0.17

NTAP

Technology Hardware & Equipment industry group

1.24

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
NTAP: 1.24
Min: 0.17

CDW (CDW) vs. NetApp (NTAP): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but CDW is more stretched: NetApp (NTAP) at 1.69 sits in the higher-leverage quartile and CDW (CDW) at 2.98 is above its industry benchmark range.

CDW

Technology Hardware & Equipment industry group

2.98

CDW: 2.98
Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

NTAP

Technology Hardware & Equipment industry group

1.69

Max: 1.76
NTAP: 1.69
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

CDW (CDW) vs. NetApp (NTAP): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
Current Ratio (MRQ)	1.27	1.24
Debt / Equity (MRQ)	2.98	1.69
Net Debt / EBITDA	3.01	-0.50

Dividends

Dividend Yield (TTM)

Both CDW (CDW) at 1.59% and NetApp (NTAP) at 1.23% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

CDW

Technology Hardware & Equipment industry group

1.59%

CDW: 1.59%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NTAP

Technology Hardware & Equipment industry group

1.23%

NTAP: 1.23%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CDW (CDW) vs. NetApp (NTAP): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Both CDW (CDW) at 29.40% and NetApp (NTAP) at 29.34% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CDW

Technology Hardware & Equipment industry group

29.40%

Max: 32.27%
CDW: 29.40%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NTAP

Technology Hardware & Equipment industry group

29.34%

Max: 32.27%
NTAP: 29.34%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CDW (CDW) vs. NetApp (NTAP): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
Dividend Yield (TTM)	1.59%	1.23%
Dividend Payout Ratio (TTM)	29.40%	29.34%

Valuation

P/E Ratio (TTM)

CDW (CDW) at 18.32 sits in the cheaper P/E ratio quartile, while NetApp (NTAP) at 23.86 is closer to its industry’s usual earnings multiple — a discount for CDW, though growth and earnings durability still matter.

CDW

Technology Hardware & Equipment industry group

18.32

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
CDW: 18.32
Min: 6.07

NTAP

Technology Hardware & Equipment industry group

23.86

Max: 69.48
Q3: 41.02
Median: 26.39
NTAP: 23.86
Q1: 19.36
Min: 6.07

CDW (CDW) vs. NetApp (NTAP): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

CDW (CDW) at 0.80 sits in the cheaper P/S ratio quartile while NetApp (NTAP) at 4.50 prices around its industry’s middle — CDW costs less per dollar of sales, though read it alongside growth and margins.

CDW

Technology Hardware & Equipment industry group

0.80

Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
CDW: 0.80
Min: 0.00

NTAP

Technology Hardware & Equipment industry group

4.50

Max: 11.30
Q3: 5.82
NTAP: 4.50
Median: 2.56
Q1: 1.05
Min: 0.00

CDW (CDW) vs. NetApp (NTAP): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: CDW (CDW) at 7.45 sits in the upper P/B ratio quartile, and NetApp (NTAP) at 22.18 prices even higher, above its industry range.

CDW

Technology Hardware & Equipment industry group

7.45

Max: 10.75
CDW: 7.45
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

NTAP

Technology Hardware & Equipment industry group

22.18

NTAP: 22.18
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

CDW (CDW) vs. NetApp (NTAP): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for CDW (CDW) and NetApp (NTAP)
Metric	CDW	NTAP
P/E Ratio (TTM)	18.32	23.86
P/S Ratio (TTM)	0.80	4.50
P/B Ratio (MRQ)	7.45	22.18
Free Cash Flow Yield (TTM)	4.43%	3.52%