Pure Storage [PSTG] vs NetApp [NTAP] Detailed Stock Comparison

Pure Storage Inc.

NYSE
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NetApp Inc.

NASDAQ
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Pure Storage Inc. wins in 5 metrics, NetApp Inc. wins in 14 metrics, with 0 ties. NetApp Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Pure Storage Inc. NetApp Inc. Better
P/E Ratio (TTM) 123.27 18.19 NetApp Inc.
Price-to-Book Ratio 15.49 18.54 Pure Storage Inc.
Debt-to-Equity Ratio 127.36 236.10 Pure Storage Inc.
PEG Ratio 0.94 1.22 Pure Storage Inc.
EV/EBITDA 83.04 12.06 NetApp Inc.
Profit Margin (TTM) 5.14% 18.07% NetApp Inc.
Operating Margin (TTM) -18.45% 25.16% NetApp Inc.
EBITDA Margin (TTM) N/A 25.16% N/A
Return on Equity 13.68% 112.59% NetApp Inc.
Return on Assets (TTM) 1.66% 10.27% NetApp Inc.
Free Cash Flow (TTM) $615.74M $1.34B NetApp Inc.
Dividend Yield N/A 2.57% N/A
1-Year Return 57.29% 60.82% NetApp Inc.
Price-to-Sales Ratio (TTM) 6.12 3.20 NetApp Inc.
Enterprise Value $21.81B $21.11B Pure Storage Inc.
EV/Revenue Ratio 5.95 3.15 NetApp Inc.
Gross Profit Margin (TTM) 69.89% 70.58% NetApp Inc.
Revenue per Share (TTM) $11 $34 NetApp Inc.
Earnings per Share (Diluted) $0.55 $5.96 NetApp Inc.
Beta (Stock Volatility) 1.34 1.29 NetApp Inc.
Short % of Float 3.71% 11.08% Pure Storage Inc.

Pure Storage Inc. vs NetApp Inc. Stock Performance Analysis

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PSTG
NTAP

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Pure Storage Inc.10.38%7.42%25.72%27.41%6.17%26.36%
NetApp Inc.0.13%-4.99%34.93%58.27%41.81%51.99%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Pure Storage Inc.57.29%216.40%357.74%636.49%425.30%425.30%
NetApp Inc.60.82%117.31%106.77%550.08%227.48%368.03%

Performance & Financial Health Analysis: Pure Storage Inc. vs NetApp Inc.

MetricPSTGNTAP
Market Information
Market Cap i$22.47B$21.47B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i2,593,5562,143,651
90 Day Avg. Volume i2,568,0152,270,867
Last Close$87.20$161.82
52 Week Range$50.20 - $100.59$93.69 - $192.83
% from 52W High-13.31%-16.08%
All-Time High$100.59 (Nov 03, 2025)$192.83 (May 29, 2026)
% from All-Time High-13.31%-16.08%
Growth Metrics
Quarterly Revenue Growth0.10%0.04%
Quarterly Earnings Growth0.20%0.12%
Financial Health
Profit Margin (TTM) i0.05%0.18%
Operating Margin (TTM) i-0.18%0.25%
Return on Equity (TTM) i0.14%1.13%
Debt to Equity (MRQ) i127.36236.10
Cash & Liquidity
Book Value per Share (MRQ)$4.38$5.85
Cash per Share (MRQ)$3.74$15.28
Operating Cash Flow (TTM) i$880.08M$1.79B
Levered Free Cash Flow (TTM) i$376.73M$1.12B
Dividends
Last 12-Month Dividend Yield iN/A2.57%
Last 12-Month Dividend iN/A$2.60

Valuation & Enterprise Metrics Analysis: Pure Storage Inc. vs NetApp Inc.

MetricPSTG (Apr 21, 2026)NTAP (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i123.2718.19
Forward P/E i23.8812.71
PEG Ratio i0.941.22
Price to Sales (TTM) i6.123.20
Price to Book (MRQ) i15.4918.54
Market Capitalization
Market Capitalization i$22.47B$21.47B
Enterprise Value i$21.81B$21.11B
Enterprise Value Metrics
Enterprise to Revenue i5.953.15
Enterprise to EBITDA i83.0412.06
Risk & Other Metrics
Beta i1.341.29
Book Value per Share (MRQ) i$4.38$5.85

Financial Statements Comparison: Pure Storage Inc. vs NetApp Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricPSTG (2026)NTAP (2025)
Revenue/Sales i3.66B6.57B
Cost of Goods Sold i1.08B1.96B
COGS % of Revenue i29.6%29.8%
Gross Profit i2.58B4.61B
Gross Margin i70.4%70.2%
Research & Development i963.29M1.01B
Operating Income (EBIT) i114.82M1.43B
Operating Margin i3.1%21.7%
EBITDA i355.55M1.78B
EBITDA Margin i9.7%27.1%
Pre-Tax Income i224.28M1.38B
Pre-Tax Income % of Revenue i6.1%21.0%
Income Tax i36.10M197.00M
Income Tax % of Revenue i1.0%3.0%
Net Income (Profit) i188.18M1.19B
Profit Margin i5.1%18.0%

Balance Sheet & Liquidity Metrics

MetricPSTG (2026)NTAP (2025)
Cash & Equivalents i854.87M2.74B
Total Current Assets i3.06B5.85B
Total Current Assets % of Revenue i83.6%89.0%
Total Current Liabilities i1.91B4.66B
Total Current Liabilities % of Revenue i52.1%70.9%
Long-Term Debt i172.06M2.70B
Long-Term Debt % of Revenue i4.7%41.1%
Total Shareholders Equity i1.45B1.04B
Retained Earnings i-1.18B0
Retained Earnings % of Revenue i-32.2%0.0%
Property, Plant & Equipment i685.88M241.00M

Cash Flow Statement Comparison

MetricPSTG (2026)NTAP (2025)
Operating Cash Flow i878.46M1.65B
Operating Cash Flow % of Revenue i24.0%25.1%
Capital Expenditures i-264.34M-168.00M
Free Cash Flow i615.74M1.34B
FCF Margin i16.8%20.4%
Debt Repayment i-103.53M-400.00M
Common Stock Repurchase i-342.65M-1.15B

Short Interest & Institutional Ownership Analysis

MetricPSTGNTAP
Shares Short i9.89M18.92M
Short Ratio i3.508.41
Short % of Float i3.71%11.08%
Shares Outstanding i326.10M198.00M
Float Shares i312.52M196.09M
% Held by Insiders i5.84%0.52%
% Held by Institutions i86.26%102.91%
% Held by Public i7.90%-3.43%

Dividend Analysis & Yield Comparison: Pure Storage Inc. vs NetApp Inc.

MetricPSTGNTAP
Last 12-Month Dividend iN/A$2.60
Last 12-Month Dividend Yield iN/A2.57%
3-Year Avg Annual Dividend iN/A$2.22
3-Year Avg Dividend Yield iN/A0.54%
3-Year Total Dividends iN/A$6.66
Ex-Dividend DateN/AApr 02, 2026