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NetApp vs Seagate Technology: revenue, profit, margins and growth compared

NetApp brought in $6.9B of revenue in fiscal 2026, Seagate Technology $12.2B in fiscal 2026. Revenue changed by +5.4% at NetApp and +34.1% at Seagate Technology on the year before, so Seagate Technology grew faster. NetApp kept 18.4% of its revenue as net profit, Seagate Technology 26.1%. Free cash flow was $1.9B at NetApp and $3.1B at Seagate Technology.

Side by side, latest fiscal year

NTAPSTX
Fiscal year endedFY2026 (April 24, 2026)FY2026 (July 3, 2026)
Revenue$6.9B$12.2B
Revenue growth+5.4%+34.1%
Net income$1.3B$3.2B
Net margin18.4%26.1%
Free cash flow$1.9B$3.1B
Free cash flow margin27.0%25.5%
Earnings per share (diluted)$6.35$13.90
Cash$2.1B$1.7B
Debt$2.5B$3.6B
Price to earnings31.766.0
Market value$39.5B$207.8B
Dividend yield1.03%0.32%
Rank by revenue in sector#71 of 530 · Technology#52 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: $6.9BSTX FY2019: $10.4BSTX FY2020: $10.5BSTX FY2021: $10.7BSTX FY2022: $11.7BSTX FY2023: $7.4BSTX FY2024: $6.6BSTX FY2025: $9.1BSTX FY2026: $12.2BFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $6.9BSTX $12.2B
Net income
NTAP FY2019: $1.2BNTAP FY2020: $819MNTAP FY2021: $730MNTAP FY2022: $937MNTAP FY2023: $1.3BNTAP FY2024: $986MNTAP FY2025: $1.2BNTAP FY2026: $1.3BSTX FY2019: $2BSTX FY2020: $1BSTX FY2021: $1.3BSTX FY2022: $1.6BSTX FY2023: -$529MSTX FY2024: $335MSTX FY2025: $1.5BSTX FY2026: $3.2BFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $1.3BSTX $3.2B
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%STX FY2019: 19.4%STX FY2020: 9.6%STX FY2021: 12.3%STX FY2022: 14.1%STX FY2023: -7.2%STX FY2024: 5.1%STX FY2025: 16.1%STX FY2026: 26.1%FY19FY20FY21FY22FY23FY24FY25FY26
NTAP 18.4%STX 26.1%
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%STX FY2020: +1.1%STX FY2021: +1.6%STX FY2022: +9.2%STX FY2023: -36.7%STX FY2024: -11.3%STX FY2025: +38.9%STX FY2026: +34.1%FY20FY21FY22FY23FY24FY25FY26
NTAP +5.4%STX +34.1%
Free cash flow
NTAP FY2019: $1.2BNTAP FY2020: $936MNTAP FY2021: $1.2BNTAP FY2022: $985MNTAP FY2023: $868MNTAP FY2024: $1.5BNTAP FY2025: $1.3BNTAP FY2026: $1.9BSTX FY2019: $1.2BSTX FY2020: $1.1BSTX FY2021: $1.1BSTX FY2022: $1.3BSTX FY2023: $626MSTX FY2024: $664MSTX FY2025: $818MSTX FY2026: $3.1BFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $1.9BSTX $3.1B

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

Questions about NetApp and Seagate Technology

Which is bigger by revenue, NetApp or Seagate Technology?

Seagate Technology is bigger by revenue: $12.2B in fiscal 2026, against $6.9B for NetApp in fiscal 2026.

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

NetApp had a net margin of 18.4% in fiscal 2026; Seagate Technology had 26.1% in fiscal 2026.

Which grew revenue faster, NetApp or Seagate Technology?

In their latest fiscal years revenue changed by +5.4% at NetApp and +34.1% at Seagate Technology.

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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