LITE vs. NTAP: Lumentum vs. NetApp Stock Comparison

November 11, 2026

How do Lumentum (LITE) 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

Lumentum (LITE) and NetApp (NTAP) both fall under the Technology Hardware & Equipment industry group, but LITE is classified in Communications Equipment while NTAP is classified in Technology Hardware, Storage & Peripherals.

Company profile comparison for Lumentum (LITE) and NetApp (NTAP)
Profile Item	LITE	NTAP
Name	Lumentum Holdings 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	Communications Equipment	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Communications Equipment	Technology Hardware, Storage & Peripherals
Market Capitalization	48.84 billion USD	33.23 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	July 23, 2015	November 21, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LITE

NTAP

GSPC

Lumentum (LITE) 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

Loading price history…

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

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
Total Return (1Y)	150.31%	59.65%
Total Return (3Y, Annualized)	147.76%	35.23%
Total Return (5Y, Annualized)	45.47%	16.66%

Risk Profile

Drawdown History

LITE

NTAP

GSPC

Lumentum (LITE) 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
Volatility (1Y, Annualized)	101.27%	48.37%
Beta (5Y)	1.73	1.55
Max Drawdown (5Y)	-66.48%	-42.61%
Avg. Volume (3M)	5.27M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

LITE 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 Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
Sharpe Ratio (1Y)	1.44	1.14
Sortino Ratio (1Y)	2.14	1.84

Profitability

ROE (TTM)

Lumentum (LITE) reports a negative ROE of -245.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile NetApp (NTAP) reports 114.82%, ranking against industry peers normally.

LITE

Technology Hardware & Equipment industry group

-245.79%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%
LITE: -245.79%

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%

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

Net Margin (TTM)

Lumentum (LITE) reports a negative net margin of -175.78%, usually indicating a net loss over the period. Meanwhile NetApp (NTAP) reports 19.19%, ranking against industry peers normally.

LITE

Technology Hardware & Equipment industry group

-175.78%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%
LITE: -175.78%

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%

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

Operating Margin (TTM)

Both Lumentum (LITE) at 27.95% 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.

LITE

Technology Hardware & Equipment industry group

27.95%

Max: 36.27%
LITE: 27.95%
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%

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

Profitability Metrics

Profitability metrics for Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
ROE (TTM)	-245.79%	114.82%
ROA (TTM)	9.19%	11.66%
Net Margin (TTM)	-175.78%	19.19%
Operating Margin (TTM)	27.95%	26.67%
Gross Margin (TTM)	47.98%	70.63%

Growth

Revenue Growth

Lumentum (LITE) at 83.22% clears its industry range for revenue growth, far stronger top-line momentum than NetApp (NTAP) at 5.37%, which is closer to a typical peer reading.

Lumentum (LITE) 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 Lumentum (LITE) at -25,224.32% falls below its industry range, a notably weak earnings reading.

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

Growth Metrics

Growth metrics for Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
Revenue Growth (YoY)	83.22%	5.37%
Revenue Growth (3Y CAGR)	19.48%	2.87%
EPS Growth (YoY)	-25,224.32%	11.99%
EPS Growth (3Y CAGR)	--	3.13%

Financial Strength

Current Ratio (MRQ)

Lumentum (LITE) at 1.61 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.

LITE

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
LITE: 1.61
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

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

Debt / Equity (MRQ)

Lumentum (LITE) at 0.31 carries an industry-typical debt-to-equity mix, while NetApp (NTAP) at 1.69 uses more debt funding than most peers.

LITE

Technology Hardware & Equipment industry group

0.31

Max: 1.76
Q3: 0.78
LITE: 0.31
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

Lumentum (LITE) 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 Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
Current Ratio (MRQ)	1.61	1.24
Debt / Equity (MRQ)	0.31	1.69
Net Debt / EBITDA	-0.48	-0.50

Dividends

Dividend Yield (TTM)

Lumentum (LITE) 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.

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
LITE: 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%

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

Dividend Payout Ratio (TTM)

Lumentum (LITE) 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.

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
LITE: 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%

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

Dividend Metrics

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

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: NetApp (NTAP) trades at 23.86 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

LITE

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
LITE: --

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

Lumentum (LITE) vs. NetApp (NTAP): LITE does not report P/E ratio, so it has no value marker; NTAP is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

NetApp (NTAP) at 4.50 prices around its industry’s typical P/S ratio, while Lumentum (LITE) at 13.05 clears its benchmark range — LITE looks notably rich on sales.

LITE

Technology Hardware & Equipment industry group

13.05

LITE: 13.05
Max: 11.30
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

Lumentum (LITE) 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: Lumentum (LITE) at 10.67 sits in the upper P/B ratio quartile, and NetApp (NTAP) at 22.18 prices even higher, above its industry range.

LITE

Technology Hardware & Equipment industry group

10.67

Max: 10.75
LITE: 10.67
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

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

Valuation Metrics

Valuation metrics for Lumentum (LITE) and NetApp (NTAP)
Metric	LITE	NTAP
P/E Ratio (TTM)	--	23.86
P/S Ratio (TTM)	13.05	4.50
P/B Ratio (MRQ)	10.67	22.18
Free Cash Flow Yield (TTM)	0.29%	3.52%