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NetApp vs Quantum: revenue, profit, margins and growth compared

NetApp brought in $6.9B of revenue in fiscal 2026, Quantum $279.6M in fiscal 2026. Revenue changed by +5.4% at NetApp and +2.0% at Quantum on the year before, so NetApp grew faster. NetApp kept 18.4% of its revenue as net profit, Quantum -36.1%. Free cash flow was $1.9B at NetApp and -$39.6M at Quantum.

Side by side, latest fiscal year

NTAPQMCO
Fiscal year endedFY2026 (April 24, 2026)FY2026 (March 31, 2026)
Revenue$6.9B$279.6M
Revenue growth+5.4%+2.0%
Net income$1.3B-$101M
Net margin18.4%-36.1%
Free cash flow$1.9B-$39.6M
Free cash flow margin27.0%-14.2%
Earnings per share (diluted)$6.35-$7.97
Cash$2.1B$15.6M
Debt$2.5B$90M
Price to earnings31.7n/a
Market value$39.5B$1.2B
Dividend yield1.03%n/a
Rank by revenue in sector#71 of 530 · Technology#363 of 530 · Technology

Over the years

Revenue
NTAP FY2019: $6.1BNTAP FY2020: $5.4BNTAP FY2021: $5.7BNTAP FY2022: $6.3BNTAP FY2023: $6.4BNTAP FY2024: $6.3BNTAP FY2025: $6.6BNTAP FY2026: $6.9BQMCO FY2019: $402.7MQMCO FY2020: $402.9MQMCO FY2021: $349.6MQMCO FY2022: $383.4MQMCO FY2023: $422.1MQMCO FY2024: $311.6MQMCO FY2025: $274.1MQMCO FY2026: $279.6MFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $6.9BQMCO $279.6M
Net income
NTAP FY2019: $1.2BNTAP FY2020: $819MNTAP FY2021: $730MNTAP FY2022: $937MNTAP FY2023: $1.3BNTAP FY2024: $986MNTAP FY2025: $1.2BNTAP FY2026: $1.3BQMCO FY2019: -$42.8MQMCO FY2020: -$5.2MQMCO FY2021: -$35.5MQMCO FY2022: $38.4MQMCO FY2023: -$18.4MQMCO FY2024: -$41.3MQMCO FY2025: -$115.1MQMCO FY2026: -$101MFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $1.3BQMCO -$101M
Net margin
NTAP FY2019: 19.0%NTAP FY2020: 15.1%NTAP FY2021: 12.7%NTAP FY2022: 14.8%NTAP FY2023: 20.0%NTAP FY2024: 15.7%NTAP FY2025: 18.0%NTAP FY2026: 18.4%QMCO FY2019: -10.6%QMCO FY2020: -1.3%QMCO FY2021: -10.1%QMCO FY2022: 10.0%QMCO FY2023: -4.4%QMCO FY2024: -13.2%QMCO FY2025: -42.0%QMCO FY2026: -36.1%FY19FY20FY21FY22FY23FY24FY25FY26
NTAP 18.4%QMCO -36.1%
Revenue growth
NTAP FY2020: -11.9%NTAP FY2021: +6.1%NTAP FY2022: +10.0%NTAP FY2023: +0.7%NTAP FY2024: -1.5%NTAP FY2025: +4.9%NTAP FY2026: +5.4%QMCO FY2020: +0.1%QMCO FY2021: -13.2%QMCO FY2022: +9.7%QMCO FY2023: +10.1%QMCO FY2024: -26.2%QMCO FY2025: -12.0%QMCO FY2026: +2.0%FY20FY21FY22FY23FY24FY25FY26
NTAP +5.4%QMCO +2.0%
Free cash flow
NTAP FY2019: $1.2BNTAP FY2020: $936MNTAP FY2021: $1.2BNTAP FY2022: $985MNTAP FY2023: $868MNTAP FY2024: $1.5BNTAP FY2025: $1.3BNTAP FY2026: $1.9BQMCO FY2019: -$19.6MQMCO FY2020: -$3.8MQMCO FY2021: -$7.7MQMCO FY2022: -$40MQMCO FY2023: -$17.5MQMCO FY2024: -$16MQMCO FY2025: -$28.6MQMCO FY2026: -$39.6MFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $1.9BQMCO -$39.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about NetApp and Quantum

Which is bigger by revenue, NetApp or Quantum?

NetApp is bigger by revenue: $6.9B in fiscal 2026, against $279.6M for Quantum in fiscal 2026.

Which keeps more of its revenue as profit, NetApp or Quantum?

NetApp had a net margin of 18.4% in fiscal 2026; Quantum had -36.1% in fiscal 2026.

Which grew revenue faster, NetApp or Quantum?

In their latest fiscal years revenue changed by +5.4% at NetApp and +2.0% at Quantum.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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