NetApp, Inc. (NTAP)
NetApp provides data-storage hardware and software that manage information across on-premises and cloud environments.
Information Technology stock comparison
NTAP vs STX: which business are you actually underwriting?
Compare NetApp, Inc. with Seagate Technology Holdings plc using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Information
- Industry
- Same SIC
- Shared themes
- 0
- Updated
- 2026-08-04
NTAP vs STX: quick comparison
| Company fact | NTAP | STX |
|---|---|---|
| Company | NetApp, Inc. | Seagate Technology Holdings plc |
| Exchange | NASDAQ | NASDAQ |
| SEC industry | Computer Storage Devices | Computer Storage Devices |
| Fiscal year-end | April 24 | June 27 |
| Latest annual filing | 10-K · 2026-06-05 | 10-K · 2026-08-04 |
NTAP vs STX: audited financials
STX reported about 1.5× the revenue of NTAP in the latest audited fiscal year. On profitability, NTAP converted a larger share of revenue into net income (20.5% versus 16.1%). Scale and margin are starting facts for the thesis, not the verdict.
| Metric | NTAP | STX |
|---|---|---|
| Revenue | $6.2B | $9.1B |
| Net income | $1.3B | $1.5B |
| Operating cash flow | $2.1B | $1.1B |
| Diluted EPS | $6.35 | $6.77 |
| Net margin | 20.5% | 16.1% |
NTAP: FY ending 2026-04-24 · STX: FY ending 2025-06-27. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
How the businesses differ
Why this pair belongs in the comparison set
NTAP and STX share the SEC industry classification “Computer Storage Devices,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
Seagate Technology Holdings plc (STX)
Seagate manufactures high-capacity hard-disk drives and storage systems used primarily in cloud and enterprise data centers.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. NTAP is classified by the SEC as Computer Storage Devices, while STX is classified as Computer Storage Devices. The matching industry code strengthens the peer comparison, although product mix can still differ materially.
Members-only research
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The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study NTAP when…
- The AI capital-expenditure cycle
- Interest rates and the cost of long-duration growth
- Enterprise IT budgets and cloud migration
- Export controls and the US–China chip race
Study STX when…
- The AI capital-expenditure cycle
- Interest rates and the cost of long-duration growth
- Enterprise IT budgets and cloud migration
- Export controls and the US–China chip race
Shared research themes
Computer Storage Devices (SEC industry)
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.NTAP's fiscal year ends April 24, while STX's ends June 27. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 1matched transaction row for NTAPand 8 for STX. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
NTAP primary filings
STX primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
NTAP vs STX FAQs
Are NTAP and STX direct competitors?
NetApp, Inc. and Seagate Technology Holdings plc share the SEC industry classification “Computer Storage Devices.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Which is better, NTAP or STX?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this NTAP vs STX comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers NetApp, Inc. and Seagate Technology Holdings plc tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
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Members-only research
STX · Jan 28, 2026
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