Which has the lower trailing P/E, FLEX or NTAP?

NTAP has the lower trailing P/E: FLEX trades at 45.02 and NTAP at 31.91. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FLEX or NTAP?

Over the past five years, NTAP grew revenue faster — FLEX at a 3.76% CAGR versus NTAP at 4.61%.

Does FLEX or NTAP pay a bigger dividend?

NTAP pays a dividend (0.97% yield), while FLEX has no payments in the available dividend history.

Is FLEX or NTAP more profitable?

NTAP runs the higher net margin — FLEX at 3.32% versus NTAP at 19.19%.

How have FLEX and NTAP total returns compared?

Over the past 10 years, FLEX delivered 23.54% and NTAP delivered 22.60% annualized total return. Past performance doesn't predict future results.

Flex Ltd. (FLEX) vs NetApp, Inc. (NTAP)

A side-by-side comparison of Flex Ltd. and NetApp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

FLEX

Flex Ltd.

$43.08B

$116.61TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

NTAP

NetApp, Inc.

$44.40B

$226.27TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — FLEX vs NTAP

growth of $100 · dividends reinvested · last 10y

FLEX +742.9% (+23.8%/yr)NTAP +688.3% (+22.9%/yr)FLEX compounded faster over this window

FLEX NTAP

FLEX vs NTAP: by the numbers

•NTAP is the larger company ($44.40B vs $43.08B market cap).
•NTAP trades at the lower trailing earnings multiple (31.91 vs 45.02 P/E), one valuation lens rather than an overall verdict.
•NTAP converts more revenue to profit (19.19% vs 3.32% net margin).
•NTAP grew revenue faster over the past five years (4.61% vs 3.76% CAGR).
•NTAP pays a dividend (0.97% yield), while FLEX has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	FLEX	NTAP
P/E ratio	45.02	31.91
Forward P/E	24.80	22.63
PEG ratio	3.22	2.19
P/S ratio	1.47	6.01
P/B ratio	7.83	29.70
EV / EBITDA	23.59	21.77
FCF yield	2.48%	3.72%

Profitability

Metric	FLEX	NTAP
Gross margin	9.49%	70.63%
Operating margin	5.17%	25.73%
Net margin	3.32%	19.19%
ROE	17.69%	94.85%
ROIC	9.65%	21.27%

Dividends

Metric	FLEX	NTAP
Dividend yield	N/A	0.97%
Payout ratio	N/A	29.34%

Growth (annualized)

Metric	FLEX	NTAP
Revenue CAGR (5Y)	3.76%	4.61%
EPS CAGR (5Y)	13.63%	14.39%
FCF CAGR (5Y)	N/A	7.04%
Total return CAGR (5Y)	43.98%	21.62%

Frequently asked

Which has the lower trailing P/E, FLEX or NTAP?: NTAP has the lower trailing P/E: FLEX trades at 45.02 and NTAP at 31.91. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FLEX or NTAP?: Over the past five years, NTAP grew revenue faster — FLEX at a 3.76% CAGR versus NTAP at 4.61%.
Does FLEX or NTAP pay a bigger dividend?: NTAP pays a dividend (0.97% yield), while FLEX has no payments in the available dividend history.
Is FLEX or NTAP more profitable?: NTAP runs the higher net margin — FLEX at 3.32% versus NTAP at 19.19%.
How have FLEX and NTAP total returns compared?: Over the past 10 years, FLEX delivered 23.54% and NTAP delivered 22.60% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FLEX analysis Full NTAP analysis Interactive comparison tool

Dig into the metrics

Flex P/E ratio NetApp P/E ratio NetApp dividend yield Flex ROE NetApp ROE Flex operating margin NetApp operating margin Flex revenue growth NetApp revenue growth Flex free cash flow NetApp free cash flow

Flex & NetApp appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.