DELL vs. NTAP: Dell vs. NetApp Stock Comparison

November 11, 2026

How do Dell (DELL) 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

Dell (DELL) and NetApp (NTAP) are both classified in the Technology Hardware, Storage & Peripherals sub-industry within the broader Technology Hardware, Storage & Peripherals industry, placing them in the closest GICS peer bucket.

Company profile comparison for Dell (DELL) and NetApp (NTAP)
Profile Item	DELL	NTAP
Name	Dell Technologies Inc. Class C Common Stock	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	Technology Hardware, Storage & Peripherals	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Technology Hardware, Storage & Peripherals	Technology Hardware, Storage & Peripherals
Market Capitalization	208.88 billion USD	33.23 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	August 17, 2016	November 21, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DELL

NTAP

GSPC

Dell (DELL) 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 Dell (DELL) and NetApp (NTAP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
Total Return (1Y)	142.85%	59.65%
Total Return (3Y, Annualized)	72.12%	35.23%
Total Return (5Y, Annualized)	47.28%	16.66%

Risk Profile

Drawdown History

DELL

NTAP

GSPC

Dell (DELL) 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 Dell (DELL) and NetApp (NTAP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
Volatility (1Y, Annualized)	80.23%	48.37%
Beta (5Y)	1.50	1.55
Max Drawdown (5Y)	-59.59%	-42.61%
Avg. Volume (3M)	7.77M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

DELL 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 Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
Sharpe Ratio (1Y)	1.73	1.14
Sortino Ratio (1Y)	3.00	1.84

Profitability

ROE (TTM)

Capital efficiency shows on one side only: NetApp (NTAP) earns 114.82% on shareholders’ equity, ranked against its industry; Dell (DELL) has no ROE this period.

DELL

Technology Hardware & Equipment industry group

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

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%

Dell (DELL) vs. NetApp (NTAP): DELL does not report ROE, so it has no value marker; NTAP is benchmarked against the Technology Hardware & Equipment industry group.

Net Margin (TTM)

NetApp (NTAP) at 19.19% retains a top-quartile share of revenue as profit, ahead of Dell (DELL) at 7.53%, which keeps about the industry-typical share.

DELL

Technology Hardware & Equipment industry group

7.53%

Max: 27.60%
Q3: 11.66%
DELL: 7.53%
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%

Dell (DELL) 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 Dell (DELL) at 12.02%, which runs around its industry’s norm.

DELL

Technology Hardware & Equipment industry group

12.02%

Max: 36.27%
Q3: 18.36%
DELL: 12.02%
Median: 8.84%
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%

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

Profitability Metrics

Profitability metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
ROE (TTM)	--	114.82%
ROA (TTM)	8.64%	11.66%
Net Margin (TTM)	7.53%	19.19%
Operating Margin (TTM)	12.02%	26.67%
Gross Margin (TTM)	19.91%	70.63%

Growth

Revenue Growth

Both Dell (DELL) at 18.80% 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.

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

EPS Growth

Both Dell (DELL) at 36.05% 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.

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

Growth Metrics

Growth metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
Revenue Growth (YoY)	18.80%	5.37%
Revenue Growth (3Y CAGR)	3.54%	2.87%
EPS Growth (YoY)	36.05%	11.99%
EPS Growth (3Y CAGR)	38.89%	3.13%

Financial Strength

Current Ratio (MRQ)

Both Dell (DELL) at 0.96 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.

DELL

Technology Hardware & Equipment industry group

0.96

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
DELL: 0.96
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

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: NetApp (NTAP) carries debt-to-equity ratio of 1.69 against its industry range, while Dell (DELL) reports no figure this period.

DELL

Technology Hardware & Equipment industry group

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01
DELL: --

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

Dell (DELL) vs. NetApp (NTAP): DELL does not report debt-to-equity ratio, so it has no value marker; NTAP is benchmarked against the Technology Hardware & Equipment industry group.

Financial Strength Metrics

Financial strength metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
Current Ratio (MRQ)	0.96	1.24
Debt / Equity (MRQ)	--	1.69
Net Debt / EBITDA	1.34	-0.50

Dividends

Dividend Yield (TTM)

Dell (DELL) at 0.73% earns its spot in the top quartile of its industry’s yields; NetApp (NTAP) at 1.23% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

DELL

Technology Hardware & Equipment industry group

0.73%

DELL: 0.73%
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%

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

Dividend Payout Ratio (TTM)

Dell (DELL) at 13.43% pays out a band-typical share of earnings, while NetApp (NTAP) at 29.34% distributes more than its industry norm — less retained, thinner cover.

DELL

Technology Hardware & Equipment industry group

13.43%

Max: 32.27%
Q3: 14.48%
DELL: 13.43%
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%

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

Dividend Metrics

Dividend metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
Dividend Yield (TTM)	0.73%	1.23%
Dividend Payout Ratio (TTM)	13.43%	29.34%

Valuation

P/E Ratio (TTM)

Dell (DELL) at 19.10 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 DELL, though growth and earnings durability still matter.

DELL

Technology Hardware & Equipment industry group

19.10

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
DELL: 19.10
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

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

P/S Ratio (TTM)

On P/S ratio, both Dell (DELL) at 1.38 and NetApp (NTAP) at 4.50 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

DELL

Technology Hardware & Equipment industry group

1.38

Max: 11.30
Q3: 5.82
Median: 2.56
DELL: 1.38
Q1: 1.05
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

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

P/B Ratio (MRQ)

Dell (DELL) reports a negative P/B ratio of -147.32, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile NetApp (NTAP) reports 22.18, ranking against industry peers normally.

DELL

Technology Hardware & Equipment industry group

-147.32

Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33
DELL: -147.32

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

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

Valuation Metrics

Valuation metrics for Dell (DELL) and NetApp (NTAP)
Metric	DELL	NTAP
P/E Ratio (TTM)	19.10	23.86
P/S Ratio (TTM)	1.38	4.50
P/B Ratio (MRQ)	-147.32	22.18
Free Cash Flow Yield (TTM)	2.89%	3.52%