KEYS vs. NTAP: Keysight vs. NetApp Stock Comparison

November 11, 2026

How do Keysight (KEYS) 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

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

Company profile comparison for Keysight (KEYS) and NetApp (NTAP)
Profile Item	KEYS	NTAP
Name	Keysight Technologies, Inc.	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	Electronic Equipment & Instruments	Technology Hardware, Storage & Peripherals
Market Capitalization	46.33 billion USD	33.23 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 20, 2014	November 21, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

KEYS

NTAP

GSPC

Keysight (KEYS) 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 Keysight (KEYS) and NetApp (NTAP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
Total Return (1Y)	59.88%	59.65%
Total Return (3Y, Annualized)	33.36%	35.23%
Total Return (5Y, Annualized)	9.24%	16.66%

Risk Profile

Drawdown History

KEYS

NTAP

GSPC

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

Risk Metrics

Risk profile metrics for Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
Volatility (1Y, Annualized)	47.95%	48.37%
Beta (5Y)	1.22	1.55
Max Drawdown (5Y)	-42.62%	-42.61%
Avg. Volume (3M)	1.31M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

KEYS 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 Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
Sharpe Ratio (1Y)	1.16	1.14
Sortino Ratio (1Y)	1.82	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; Keysight (KEYS) at 20.90% also sits in the top quartile.

KEYS

Technology Hardware & Equipment industry group

20.90%

Max: 42.47%
KEYS: 20.90%
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%

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

Net Margin (TTM)

For every dollar of sales, both Keysight (KEYS) at 19.14% and NetApp (NTAP) at 19.19% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

KEYS

Technology Hardware & Equipment industry group

19.14%

Max: 27.60%
KEYS: 19.14%
Q3: 11.66%
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%

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

Operating Margin (TTM)

Both Keysight (KEYS) at 25.68% and NetApp (NTAP) at 26.67% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

KEYS

Technology Hardware & Equipment industry group

25.68%

Max: 36.27%
KEYS: 25.68%
Q3: 18.36%
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%

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

Profitability Metrics

Profitability metrics for Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
ROE (TTM)	20.90%	114.82%
ROA (TTM)	7.23%	11.66%
Net Margin (TTM)	19.14%	19.19%
Operating Margin (TTM)	25.68%	26.67%
Gross Margin (TTM)	63.28%	70.63%

Growth

Revenue Growth

Both Keysight (KEYS) at 7.95% 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.

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

EPS Growth

Both Keysight (KEYS) at 39.32% 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.

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

Growth Metrics

Growth metrics for Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
Revenue Growth (YoY)	7.95%	5.37%
Revenue Growth (3Y CAGR)	-0.28%	2.87%
EPS Growth (YoY)	39.32%	11.99%
EPS Growth (3Y CAGR)	-7.51%	3.13%

Financial Strength

Current Ratio (MRQ)

Keysight (KEYS) at 2.02 keeps current ratio within its industry’s typical mid-range, while NetApp (NTAP) at 1.24 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NTAP.

KEYS

Technology Hardware & Equipment industry group

2.02

Max: 5.34
Q3: 3.02
KEYS: 2.02
Median: 1.95
Q1: 1.32
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

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

Debt / Equity (MRQ)

Keysight (KEYS) at 0.42 carries an industry-typical debt-to-equity mix, while NetApp (NTAP) at 1.69 uses more debt funding than most peers.

KEYS

Technology Hardware & Equipment industry group

0.42

Max: 1.76
Q3: 0.78
KEYS: 0.42
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

Keysight (KEYS) 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 Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
Current Ratio (MRQ)	2.02	1.24
Debt / Equity (MRQ)	0.42	1.69
Net Debt / EBITDA	0.09	-0.50

Dividends

Dividend Yield (TTM)

Keysight (KEYS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile NetApp (NTAP) reports a yield of 1.23%, ranking against industry peers normally.

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
KEYS: 0.00%
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%

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

Dividend Payout Ratio (TTM)

Keysight (KEYS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile NetApp (NTAP) reports a payout of 29.34%, ranking against industry peers normally.

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
KEYS: 0.00%
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%

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

Dividend Metrics

Dividend metrics for Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
Dividend Yield (TTM)	0.00%	1.23%
Dividend Payout Ratio (TTM)	0.00%	29.34%

Valuation

P/E Ratio (TTM)

Both Keysight (KEYS) at 36.82 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.

KEYS

Technology Hardware & Equipment industry group

36.82

Max: 69.48
Q3: 41.02
KEYS: 36.82
Median: 26.39
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

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

P/S Ratio (TTM)

NetApp (NTAP) at 4.50 is priced about in line with its industry on P/S ratio, while Keysight (KEYS) at 7.04 sits in the pricier quartile — KEYS costs more per dollar of sales.

KEYS

Technology Hardware & Equipment industry group

7.04

Max: 11.30
KEYS: 7.04
Q3: 5.82
Median: 2.56
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

Keysight (KEYS) 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: Keysight (KEYS) at 7.05 sits in the upper P/B ratio quartile, and NetApp (NTAP) at 22.18 prices even higher, above its industry range.

KEYS

Technology Hardware & Equipment industry group

7.05

Max: 10.75
KEYS: 7.05
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

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

Valuation Metrics

Valuation metrics for Keysight (KEYS) and NetApp (NTAP)
Metric	KEYS	NTAP
P/E Ratio (TTM)	36.82	23.86
P/S Ratio (TTM)	7.04	4.50
P/B Ratio (MRQ)	7.05	22.18
Free Cash Flow Yield (TTM)	4.03%	3.52%