NetApp, Inc. vs Sandisk Corporation, two Computer Hardware stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither line here discloses growth, so the multiples speak: 72.5 times for Sandisk, priced as if the flash-memory shortage is a new era, and 24 for NetApp, priced as a mature franchise with nothing new to prove. The income statements are both excellent and differently sourced: Sandisk's 69.1% operating margin is cycle weather, NetApp's 27.3% is climate. NetApp hands back 6.1% of its price in free cash with a 1.4% dividend; Sandisk banks its winnings, a 4.8 current ratio and no debt, against the pricing turn its own history promises. The storage-software company is priced for continuation, the storage-media company for transformation, and only one of those requires something unprecedented.
Comparison updated 2026-07-10.
| Metric | NTAP | SNDK |
|---|---|---|
| Price | $152.40 | $2084.54 |
| Market cap | $30.5B | $327.3B |
| Sector | Computer Hardware | Computer Hardware |
| Stage | Mature | Growth |
| Implied growth (priced in) | +17.3% | — |
| P/E | 24.0 | 72.5 |
| P/B | 22.56 | 23.76 |
| P/S | 4.40 | 24.82 |
| EV/EBITDA | 17.0 | 59.9 |
| Revenue growth | +5.2% | +111.6% |
| Gross margin | 70.1% | 78.3% |
| Operating margin | 27.3% | 69.1% |
| Net margin | 18.4% | 34.2% |
| Return on equity | 94.5% | 32.7% |
| Return on assets | 11.9% | 26.4% |
| Return on invested capital | 34.0% | 34.3% |
| FCF yield | 6.1% | 1.4% |
| Dividend yield | 1.4% | — |
| Debt / equity | 1.84 | 0.00 |
| Current ratio | 1.44 | 4.78 |
| Altman Z (solvency) | 2.97 | 8.30 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.