NOK vs. NTAP: Nokia vs. NetApp Stock Comparison

November 11, 2026

How do Nokia (NOK) 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

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

NetApp (NTAP) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Nokia (NOK) and NetApp (NTAP)
Profile Item	NOK	NTAP
Name	Nokia Corporation Sponsored ADR	NetApp, Inc.
Country/Region	Finland	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	43.35 billion USD	33.23 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	July 1, 1994	November 21, 1995
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

NOK

NTAP

GSPC

Nokia (NOK) 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 Nokia (NOK) and NetApp (NTAP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
Total Return (1Y)	19.81%	59.65%
Total Return (3Y, Annualized)	36.27%	35.23%
Total Return (5Y, Annualized)	9.52%	16.66%

Risk Profile

Drawdown History

NOK

NTAP

GSPC

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

Risk Metrics

Risk profile metrics for Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
Volatility (1Y, Annualized)	62.40%	48.37%
Beta (5Y)	1.24	1.55
Max Drawdown (5Y)	-55.73%	-42.61%
Avg. Volume (3M)	77.91M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

NOK 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 Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
Sharpe Ratio (1Y)	0.25	1.14
Sortino Ratio (1Y)	0.35	1.84

Profitability

ROE (TTM)

NetApp (NTAP) at 114.82% clears its industry range for ROE, a sharper capital-efficiency signal than Nokia (NOK) at 3.88%, which is closer to a typical peer reading.

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
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%

Nokia (NOK) 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 Nokia (NOK) at 3.75%, which keeps about the industry-typical share.

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
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%

Nokia (NOK) 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 Nokia (NOK) at 10.81%, which runs around its industry’s norm.

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
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%

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

Profitability Metrics

Profitability metrics for Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
ROE (TTM)	3.88%	114.82%
ROA (TTM)	3.49%	11.66%
Net Margin (TTM)	3.75%	19.19%
Operating Margin (TTM)	10.81%	26.67%
Gross Margin (TTM)	45.43%	70.63%

Growth

Revenue Growth

Both Nokia (NOK) at 3.48% 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.

Nokia (NOK) 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 Nokia (NOK) at -47.83% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
Revenue Growth (YoY)	3.48%	5.37%
Revenue Growth (3Y CAGR)	-5.76%	2.87%
EPS Growth (YoY)	-47.83%	11.99%
EPS Growth (3Y CAGR)	-45.71%	3.13%

Financial Strength

Current Ratio (MRQ)

Nokia (NOK) at 1.46 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.

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
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

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

Debt / Equity (MRQ)

Nokia (NOK) at 0.16 carries an industry-typical debt-to-equity mix, while NetApp (NTAP) at 1.69 uses more debt funding than most peers.

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
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

Nokia (NOK) 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 Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
Current Ratio (MRQ)	1.46	1.24
Debt / Equity (MRQ)	0.16	1.69
Net Debt / EBITDA	-0.59	-0.50

Dividends

Dividend Yield (TTM)

Both Nokia (NOK) at 1.88% and NetApp (NTAP) at 1.23% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
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%

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

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile NetApp (NTAP) reports 29.34%, ranking against industry peers normally.

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
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%

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

Dividend Metrics

Dividend metrics for Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
Dividend Yield (TTM)	1.88%	1.23%
Dividend Payout Ratio (TTM)	100.17%	29.34%

Valuation

P/E Ratio (TTM)

NetApp (NTAP) at 23.86 is near its industry’s usual P/E ratio, while Nokia (NOK) at 47.88 sits in the richer quartile — NOK needs stronger growth or earnings quality to justify the premium.

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
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

Nokia (NOK) 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 Nokia (NOK) at 2.08 and NetApp (NTAP) at 4.50 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
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

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

P/B Ratio (MRQ)

Nokia (NOK) at 1.82 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.

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
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

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

Valuation Metrics

Valuation metrics for Nokia (NOK) and NetApp (NTAP)
Metric	NOK	NTAP
P/E Ratio (TTM)	47.88	23.86
P/S Ratio (TTM)	2.08	4.50
P/B Ratio (MRQ)	1.82	22.18
Free Cash Flow Yield (TTM)	2.98%	3.52%