NTAP vs. STX: NetApp vs. Seagate Stock Comparison

November 11, 2026

How do NetApp (NTAP) and Seagate (STX) 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

NetApp (NTAP) and Seagate (STX) 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 NetApp (NTAP) and Seagate (STX)
Profile Item	NTAP	STX
Name	NetApp, Inc.	Seagate Technology Holdings plc
Country/Region	United States	Singapore
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	33.23 billion USD	105.83 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	November 21, 1995	December 11, 2002
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NTAP

STX

GSPC

NetApp (NTAP) vs. Seagate (STX), 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 NetApp (NTAP) and Seagate (STX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
Total Return (1Y)	59.65%	83.77%
Total Return (3Y, Annualized)	35.23%	95.95%
Total Return (5Y, Annualized)	16.66%	42.73%

Risk Profile

Drawdown History

NTAP

STX

GSPC

NetApp (NTAP) vs. Seagate (STX), 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 NetApp (NTAP) and Seagate (STX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
Volatility (1Y, Annualized)	48.37%	76.96%
Beta (5Y)	1.55	2.24
Max Drawdown (5Y)	-42.61%	-57.80%
Avg. Volume (3M)	2.39M	4.72M

Risk-Adjusted Performance

Risk-Return Positioning

NTAP and STX 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 NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
Sharpe Ratio (1Y)	1.14	1.03
Sortino Ratio (1Y)	1.84	1.51

Profitability

ROE (TTM)

Both NetApp (NTAP) at 114.82% and Seagate (STX) at 259.35% turn shareholders’ equity into profit at rates above their industry benchmark ranges for ROE. That is a strong capital-efficiency signal, though leverage and the equity base still matter.

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%

STX

Technology Hardware & Equipment industry group

259.35%

STX: 259.35%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

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

Net Margin (TTM)

Seagate (STX) at 31.86% keeps the most of each sales dollar — above its industry’s net margin range — and NetApp (NTAP) at 19.19% also retains a top-quartile share.

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%

STX

Technology Hardware & Equipment industry group

31.86%

STX: 31.86%
Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

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

Operating Margin (TTM)

Seagate (STX) at 48.85% shows unusually strong operating efficiency — above its industry’s operating margin range — and NetApp (NTAP) at 26.67% also operates in the top quartile.

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%

STX

Technology Hardware & Equipment industry group

48.85%

STX: 48.85%
Max: 36.27%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
ROE (TTM)	114.82%	259.35%
ROA (TTM)	11.66%	37.21%
Net Margin (TTM)	19.19%	31.86%
Operating Margin (TTM)	26.67%	48.85%
Gross Margin (TTM)	70.63%	50.35%

Growth

Revenue Growth

Seagate (STX) at 34.06% sits in the top revenue growth quartile, while NetApp (NTAP) at 5.37% is closer to the peer norm — faster top-line expansion for STX.

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

EPS Growth

Seagate (STX) at 105.32% sits in the top EPS growth quartile, while NetApp (NTAP) at 11.99% is closer to the peer norm — faster per-share earnings growth for STX.

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

Growth Metrics

Growth metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
Revenue Growth (YoY)	5.37%	34.06%
Revenue Growth (3Y CAGR)	2.87%	18.20%
EPS Growth (YoY)	11.99%	105.32%
EPS Growth (3Y CAGR)	3.13%	--

Financial Strength

Current Ratio (MRQ)

Seagate (STX) at 1.82 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.

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

STX

Technology Hardware & Equipment industry group

1.82

Max: 5.34
Q3: 3.02
Median: 1.95
STX: 1.82
Q1: 1.32
Min: 0.17

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

Debt / Equity (MRQ)

Seagate (STX) at 0.77 carries an industry-typical debt-to-equity mix, while NetApp (NTAP) at 1.69 uses more debt funding than most peers.

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

STX

Technology Hardware & Equipment industry group

0.77

Max: 1.76
Q3: 0.78
STX: 0.77
Median: 0.24
Q1: 0.04
Min: 0.01

NetApp (NTAP) vs. Seagate (STX): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
Current Ratio (MRQ)	1.24	1.82
Debt / Equity (MRQ)	1.69	0.77
Net Debt / EBITDA	-0.50	0.24

Dividends

Dividend Yield (TTM)

Seagate (STX) at 0.63% earns its spot in the top quartile of its industry’s yields; NetApp (NTAP) at 1.23% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

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%

STX

Technology Hardware & Equipment industry group

0.63%

Max: 0.73%
STX: 0.63%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both NetApp (NTAP) at 29.34% and Seagate (STX) at 15.52% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

STX

Technology Hardware & Equipment industry group

15.52%

Max: 32.27%
STX: 15.52%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
Dividend Yield (TTM)	1.23%	0.63%
Dividend Payout Ratio (TTM)	29.34%	15.52%

Valuation

P/E Ratio (TTM)

Both NetApp (NTAP) at 23.86 and Seagate (STX) at 24.17 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

STX

Technology Hardware & Equipment industry group

24.17

Max: 69.48
Q3: 41.02
Median: 26.39
STX: 24.17
Q1: 19.36
Min: 6.07

NetApp (NTAP) vs. Seagate (STX): 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 Seagate (STX) at 7.67 sits in the pricier quartile — STX costs more per dollar of sales.

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

STX

Technology Hardware & Equipment industry group

7.67

Max: 11.30
STX: 7.67
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

Measured against book value, both NetApp (NTAP) at 22.18 and Seagate (STX) at 30.67 look expensive — each P/B ratio sits above its industry’s benchmark range.

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

STX

Technology Hardware & Equipment industry group

30.67

STX: 30.67
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for NetApp (NTAP) and Seagate (STX)
Metric	NTAP	STX
P/E Ratio (TTM)	23.86	24.17
P/S Ratio (TTM)	4.50	7.67
P/B Ratio (MRQ)	22.18	30.67
Free Cash Flow Yield (TTM)	3.52%	2.17%