Flex (FLEX) vs NetApp (NTAP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Flex (FLEX) has outperformed NetApp (NTAP) over the past year, gaining 108.5% versus a gain of 99.8%. Over five years, FLEX leads with a +731.7% price change compared with +149.7% for NTAP. NetApp is the larger company by market cap ($46.31 billion vs $44.09 billion), about 1.1 times the size, while Flex is growing revenue faster (+8.1% vs +5.6%).
On valuation, Flex trades at a lower forward P/E (16.9x vs 21.1x for NetApp). NetApp pays a dividend yielding 0.88%, while Flex does not currently pay one. NetApp converts more of its revenue into profit, with a net margin of 20.5% versus 3.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FLEX | NTAP |
|---|---|---|
| Share price | $119.34 | $235.77 |
| Market cap | $44.09B | $46.31B |
| 1-day change | -1.68% | +3.20% |
| YTD return | +97.52% | +120.16% |
| 1-year return | +108.45% | +99.82% |
| 5-year return | +731.74% | +149.70% |
| P/E ratio (TTM) | 46.08 | 33.25 |
| Forward P/E | 16.91 | 21.13 |
| EPS (TTM) | $2.59 | $7.09 |
| Dividend yield | 0.00% | 0.88% |
| Annual dividend | $0.00 | $2.08 |
| Revenue (latest FY) | $27.91B | $6.24B |
| Revenue growth (YoY) | +8.14% | +5.59% |
| Net income (latest FY) | $880.00M | $1.28B |
| Gross margin | 9.20% | 78.55% |
| Operating margin | 4.90% | 26.84% |
| Net margin | 3.15% | 20.46% |
| 52-week high | $166.86 | $238.08 |
| 52-week low | $53.07 | $93.69 |
| Distance from 52-week high | -28.48% | -0.97% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +34.49% | -12.60% |
| Average volume | 3.65M | 2.58M |
| Shares outstanding | 369.46M | 196.42M |
| Employees | 149,686 | 11,700 |
| Sector | Technology | Technology |
| Industry | Electronic Components | Electronic Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Flex trades at a higher earnings multiple (46.1x vs 33.3x trailing P/E).
- NetApp is more profitable, keeping 20.5 cents of every revenue dollar as net income versus 3.2 cents for Flex.
About Flex
FLEX stock →Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe.
Technology · Electronic Components · 149,686 employees
About NetApp
NTAP stock →NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
Technology · Electronic Components · 11,700 employees
FLEX vs NTAP FAQ
Which is bigger, Flex or NetApp?
NetApp (NTAP) is larger, with a market capitalization of $46.31B compared with $44.09B for Flex (FLEX).
Which stock has performed better over the past year, FLEX or NTAP?
FLEX returned +108.45% over the past 12 months, compared with +99.82% for NTAP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FLEX or NTAP?
NTAP has the lower trailing P/E at 33.3, versus 46.1 for FLEX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Flex or NetApp?
NetApp pays a dividend yielding 0.88%, while Flex does not currently pay a regular dividend.
Are Flex and NetApp in the same industry?
Yes. Both are classified in the Electronic Components industry within the Technology sector.