DOCU vs. NTAP: A Head-to-Head Stock Comparison

Updated on November 22, 2025

Here’s a clear look at DOCU and NTAP, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	DOCU	NTAP
Company Name	DocuSign, Inc.	NetApp, Inc.
Country	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry	Software	Technology Hardware, Storage & Peripherals
Market Capitalization	13.38 billion USD	21.60 billion USD
Exchange	NasdaqGS	NasdaqGS
Listing Date	April 27, 2018	November 21, 1995
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of DOCU and NTAP by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

DOCU vs. NTAP: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	DOCU	NTAP
5-Day Price Return	-2.71%	-2.72%
13-Week Price Return	-4.43%	0.60%
26-Week Price Return	-24.99%	9.96%
52-Week Price Return	-17.17%	-8.56%
Month-to-Date Return	-7.36%	-7.08%
Year-to-Date Return	-24.66%	-5.72%
10-Day Avg. Volume	1.85M	1.85M
3-Month Avg. Volume	2.83M	1.88M
3-Month Volatility	42.36%	28.14%
Beta	1.00	1.38

Profitability

Return on Equity (TTM)

DOCU

14.06%

Software Industry

Max: 65.88%
Q3: 22.54%
Median: 10.46%
Q1: -6.54%
Min: -41.05%

DOCU’s Return on Equity of 14.06% is on par with the norm for the Software industry, indicating its profitability relative to shareholder equity is typical for the sector.

NTAP

120.04%

Technology Hardware, Storage & Peripherals Industry

Max: 56.93%
Q3: 29.31%
Median: 7.95%
Q1: 5.02%
Min: -7.45%

NTAP’s Return on Equity of 120.04% is exceptionally high, placing it well beyond the typical range for the Technology Hardware, Storage & Peripherals industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

DOCU vs. NTAP: A comparison of their Return on Equity (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Net Profit Margin (TTM)

DOCU

9.08%

Software Industry

Max: 53.50%
Q3: 20.30%
Median: 9.60%
Q1: -4.98%
Min: -41.00%

DOCU’s Net Profit Margin of 9.08% is aligned with the median group of its peers in the Software industry. This indicates its ability to convert revenue into profit is typical for the sector.

NTAP

17.77%

Technology Hardware, Storage & Peripherals Industry

Max: 17.92%
Q3: 8.33%
Median: 4.15%
Q1: 1.88%
Min: -3.36%

A Net Profit Margin of 17.77% places NTAP in the upper quartile for the Technology Hardware, Storage & Peripherals industry, signifying strong profitability and more effective cost management than most of its peers.

DOCU vs. NTAP: A comparison of their Net Profit Margin (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Operating Profit Margin (TTM)

DOCU

7.91%

Software Industry

Max: 61.99%
Q3: 23.67%
Median: 10.93%
Q1: -3.57%
Min: -40.19%

DOCU’s Operating Profit Margin of 7.91% is around the midpoint for the Software industry, indicating that its efficiency in managing core business operations is typical for the sector.

NTAP

20.70%

Technology Hardware, Storage & Peripherals Industry

Max: 20.70%
Q3: 10.85%
Median: 6.05%
Q1: 3.54%
Min: -4.90%

An Operating Profit Margin of 20.70% places NTAP in the upper quartile for the Technology Hardware, Storage & Peripherals industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

DOCU vs. NTAP: A comparison of their Operating Profit Margin (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Profitability at a Glance

Symbol	DOCU	NTAP
Return on Equity (TTM)	14.06%	120.04%
Return on Assets (TTM)	7.17%	12.17%
Net Profit Margin (TTM)	9.08%	17.77%
Operating Profit Margin (TTM)	7.91%	20.70%
Gross Profit Margin (TTM)	79.34%	70.00%

Financial Strength

Current Ratio (MRQ)

DOCU

0.74

Software Industry

Max: 4.01
Q3: 2.27
Median: 1.50
Q1: 1.03
Min: 0.25

DOCU’s Current Ratio of 0.74 falls into the lower quartile for the Software industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

NTAP

1.31

Technology Hardware, Storage & Peripherals Industry

Max: 2.51
Q3: 1.90
Median: 1.38
Q1: 0.97
Min: 0.11

NTAP’s Current Ratio of 1.31 aligns with the median group of the Technology Hardware, Storage & Peripherals industry, indicating that its short-term liquidity is in line with its sector peers.

DOCU vs. NTAP: A comparison of their Current Ratio (MRQ) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Debt-to-Equity Ratio (MRQ)

DOCU

0.00

Software Industry

Max: 2.04
Q3: 0.86
Median: 0.29
Q1: 0.00
Min: 0.00

DOCU’s Debt-to-Equity Ratio of 0.00 is typical for the Software industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

NTAP

2.55

Technology Hardware, Storage & Peripherals Industry

Max: 1.34
Q3: 0.82
Median: 0.42
Q1: 0.16
Min: 0.00

With a Debt-to-Equity Ratio of 2.55, NTAP operates with exceptionally high leverage compared to the Technology Hardware, Storage & Peripherals industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

DOCU vs. NTAP: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Interest Coverage Ratio (TTM)

DOCU

-47.58

Software Industry

Max: 89.65
Q3: 33.82
Median: 1.59
Q1: -10.48
Min: -71.23

DOCU has a negative Interest Coverage Ratio of -47.58. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

NTAP

17.59

Technology Hardware, Storage & Peripherals Industry

Max: 143.63
Q3: 62.44
Median: 17.59
Q1: 5.32
Min: -23.93

NTAP’s Interest Coverage Ratio of 17.59 is positioned comfortably within the norm for the Technology Hardware, Storage & Peripherals industry, indicating a standard and healthy capacity to cover its interest payments.

DOCU vs. NTAP: A comparison of their Interest Coverage Ratio (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Financial Strength at a Glance

Symbol	DOCU	NTAP
Current Ratio (MRQ)	0.74	1.31
Quick Ratio (MRQ)	0.68	1.28
Debt-to-Equity Ratio (MRQ)	0.00	2.55
Interest Coverage Ratio (TTM)	-47.58	17.59

Growth

Revenue Growth

DOCU vs. NTAP: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

DOCU vs. NTAP: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

DOCU

0.00%

Software Industry

Max: 0.34%
Q3: 0.17%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DOCU currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

NTAP

1.93%

Technology Hardware, Storage & Peripherals Industry

Max: 4.93%
Q3: 3.31%
Median: 1.70%
Q1: 0.01%
Min: 0.00%

NTAP’s Dividend Yield of 1.93% is consistent with its peers in the Technology Hardware, Storage & Peripherals industry, providing a dividend return that is standard for its sector.

DOCU vs. NTAP: A comparison of their Dividend Yield (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Dividend Payout Ratio (TTM)

DOCU

0.00%

Software Industry

Max: 12.76%
Q3: 6.56%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DOCU has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

NTAP

35.95%

Technology Hardware, Storage & Peripherals Industry

Max: 136.56%
Q3: 76.58%
Median: 35.95%
Q1: 0.01%
Min: 0.00%

NTAP’s Dividend Payout Ratio of 35.95% is within the typical range for the Technology Hardware, Storage & Peripherals industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

DOCU vs. NTAP: A comparison of their Dividend Payout Ratio (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Dividend at a Glance

Symbol	DOCU	NTAP
Dividend Yield (TTM)	0.00%	1.93%
Dividend Payout Ratio (TTM)	0.00%	35.95%

Valuation

Price-to-Earnings Ratio (TTM)

DOCU

47.49

Software Industry

Max: 142.78
Q3: 72.24
Median: 36.21
Q1: 24.24
Min: 4.55

DOCU’s P/E Ratio of 47.49 is within the middle range for the Software industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

NTAP

18.66

Technology Hardware, Storage & Peripherals Industry

Max: 43.58
Q3: 27.14
Median: 21.23
Q1: 15.28
Min: 8.31

NTAP’s P/E Ratio of 18.66 is within the middle range for the Technology Hardware, Storage & Peripherals industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

DOCU vs. NTAP: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Price-to-Sales Ratio (TTM)

DOCU

4.31

Software Industry

Max: 20.79
Q3: 12.71
Median: 6.75
Q1: 4.56
Min: 0.87

In the lower quartile for the Software industry, DOCU’s P/S Ratio of 4.31 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

NTAP

3.32

Technology Hardware, Storage & Peripherals Industry

Max: 6.35
Q3: 3.45
Median: 0.96
Q1: 0.46
Min: 0.04

NTAP’s P/S Ratio of 3.32 aligns with the market consensus for the Technology Hardware, Storage & Peripherals industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

DOCU vs. NTAP: A comparison of their Price-to-Sales Ratio (TTM) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Price-to-Book Ratio (MRQ)

DOCU

7.69

Software Industry

Max: 30.49
Q3: 14.84
Median: 8.09
Q1: 4.32
Min: 0.38

DOCU’s P/B Ratio of 7.69 is within the conventional range for the Software industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

NTAP

21.54

Technology Hardware, Storage & Peripherals Industry

Max: 13.94
Q3: 8.15
Median: 1.85
Q1: 0.94
Min: 0.32

At 21.54, NTAP’s P/B Ratio is at an extreme premium to the Technology Hardware, Storage & Peripherals industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

DOCU vs. NTAP: A comparison of their Price-to-Book Ratio (MRQ) against their respective Software and Technology Hardware, Storage & Peripherals industry benchmarks.

Valuation at a Glance

Symbol	DOCU	NTAP
Price-to-Earnings Ratio (TTM)	47.49	18.66
Price-to-Sales Ratio (TTM)	4.31	3.32
Price-to-Book Ratio (MRQ)	7.69	21.54
Price-to-Free Cash Flow Ratio (TTM)	14.26	13.18