HPE vs. NTAP: Hewlett Packard Enterprise vs. NetApp Stock Comparison

November 11, 2026

How do Hewlett Packard Enterprise (HPE) 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

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Profile Item	HPE	NTAP
Name	Hewlett Packard Enterprise Company	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	59.43 billion USD	33.23 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 19, 2015	November 21, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HPE

NTAP

GSPC

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and NetApp (NTAP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
Total Return (1Y)	110.12%	59.65%
Total Return (3Y, Annualized)	49.38%	35.23%
Total Return (5Y, Annualized)	28.98%	16.66%

Risk Profile

Drawdown History

HPE

NTAP

GSPC

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and NetApp (NTAP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
Volatility (1Y, Annualized)	61.60%	48.37%
Beta (5Y)	1.49	1.55
Max Drawdown (5Y)	-48.36%	-42.61%
Avg. Volume (3M)	20.47M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

HPE 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 Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
Sharpe Ratio (1Y)	1.72	1.14
Sortino Ratio (1Y)	2.76	1.84

Profitability

ROE (TTM)

NetApp (NTAP) at 114.82% clears its industry range for ROE, a sharper capital-efficiency signal than Hewlett Packard Enterprise (HPE) at 10.94%, which is closer to a typical peer reading.

HPE

Technology Hardware & Equipment industry group

10.94%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
HPE: 10.94%
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%

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) at 6.67%, which keeps about the industry-typical share.

HPE

Technology Hardware & Equipment industry group

6.67%

Max: 27.60%
Q3: 11.66%
HPE: 6.67%
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%

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) at 12.56%, which runs around its industry’s norm.

HPE

Technology Hardware & Equipment industry group

12.56%

Max: 36.27%
Q3: 18.36%
HPE: 12.56%
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%

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

Profitability Metrics

Profitability metrics for Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
ROE (TTM)	10.94%	114.82%
ROA (TTM)	2.64%	11.66%
Net Margin (TTM)	6.67%	19.19%
Operating Margin (TTM)	12.56%	26.67%
Gross Margin (TTM)	36.62%	70.63%

Growth

Revenue Growth

Both Hewlett Packard Enterprise (HPE) at 13.84% 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.

Hewlett Packard Enterprise (HPE) vs. NetApp (NTAP): A comparison of their Revenue Growth across different time periods.

EPS Growth

NetApp (NTAP) at 11.99% is around its peer norm for EPS growth, while Hewlett Packard Enterprise (HPE) at -102.07% drops into the bottom quartile, signaling weaker earnings momentum.

Hewlett Packard Enterprise (HPE) vs. NetApp (NTAP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
Revenue Growth (YoY)	13.84%	5.37%
Revenue Growth (3Y CAGR)	6.37%	2.87%
EPS Growth (YoY)	-102.07%	11.99%
EPS Growth (3Y CAGR)	--	3.13%

Financial Strength

Current Ratio (MRQ)

Both Hewlett Packard Enterprise (HPE) at 1.11 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.

HPE

Technology Hardware & Equipment industry group

1.11

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
HPE: 1.11
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

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

Debt / Equity (MRQ)

Hewlett Packard Enterprise (HPE) at 0.76 carries an industry-typical debt-to-equity mix, while NetApp (NTAP) at 1.69 uses more debt funding than most peers.

HPE

Technology Hardware & Equipment industry group

0.76

Max: 1.76
Q3: 0.78
HPE: 0.76
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

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
Current Ratio (MRQ)	1.11	1.24
Debt / Equity (MRQ)	0.76	1.69
Net Debt / EBITDA	2.05	-0.50

Dividends

Dividend Yield (TTM)

Both Hewlett Packard Enterprise (HPE) at 1.26% and NetApp (NTAP) at 1.23% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

HPE

Technology Hardware & Equipment industry group

1.26%

HPE: 1.26%
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%

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

Dividend Payout Ratio (TTM)

Both Hewlett Packard Enterprise (HPE) at 28.74% and NetApp (NTAP) at 29.34% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

HPE

Technology Hardware & Equipment industry group

28.74%

Max: 32.27%
HPE: 28.74%
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%

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

Dividend Metrics

Dividend metrics for Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
Dividend Yield (TTM)	1.26%	1.23%
Dividend Payout Ratio (TTM)	28.74%	29.34%

Valuation

P/E Ratio (TTM)

Both Hewlett Packard Enterprise (HPE) at 23.08 and NetApp (NTAP) at 23.86 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

HPE

Technology Hardware & Equipment industry group

23.08

Max: 69.48
Q3: 41.02
Median: 26.39
HPE: 23.08
Q1: 19.36
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

Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) at 1.42 and NetApp (NTAP) at 4.50 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

HPE

Technology Hardware & Equipment industry group

1.42

Max: 11.30
Q3: 5.82
Median: 2.56
HPE: 1.42
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

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

P/B Ratio (MRQ)

Hewlett Packard Enterprise (HPE) at 2.24 sits near its industry’s typical P/B ratio, while NetApp (NTAP) at 22.18 prices above its benchmark range — NTAP looks rich relative to book.

HPE

Technology Hardware & Equipment industry group

2.24

Max: 10.75
Q3: 5.52
Median: 3.17
HPE: 2.24
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

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

Valuation Metrics

Valuation metrics for Hewlett Packard Enterprise (HPE) and NetApp (NTAP)
Metric	HPE	NTAP
P/E Ratio (TTM)	23.08	23.86
P/S Ratio (TTM)	1.42	4.50
P/B Ratio (MRQ)	2.24	22.18
Free Cash Flow Yield (TTM)	7.97%	3.52%