Microchip Technology Incorporated (MCHP) vs NetApp, Inc. (NTAP)
A side-by-side comparison of Microchip Technology Incorporated and NetApp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
MCHP
Microchip Technology Incorporated
$72.12TechnologyDelayed quote: Sep 15, 2026, 10:05 AM EDT
NTAP
NetApp, Inc.
$193.16TechnologyDelayed quote: Sep 15, 2026, 10:05 AM EDT
Total return — MCHP vs NTAP
growth of $100 · dividends reinvested · last 10yMCHP +197.1% (+11.5%/yr)NTAP +632.0% (+22.0%/yr)NTAP compounded faster over this window
MCHP NTAP
MCHP vs NTAP: by the numbers
- •MCHP is the larger company ($39.16B vs $37.90B market cap).
- •NTAP trades at the lower trailing earnings multiple (27.24 vs 100.03 P/E), one valuation lens rather than an overall verdict.
- •NTAP converts more revenue to profit (19.19% vs 8.80% net margin).
- •NTAP grew revenue faster over the past five years (4.61% vs -2.11% CAGR).
- •MCHP pays the higher dividend yield (2.45% vs 1.04%).
Metrics side by side
Valuation
| Metric | MCHP | NTAP |
|---|---|---|
| P/E ratio | 100.03 | 27.24 |
| Forward P/E | N/A | 19.41 |
| P/S ratio | 7.65 | 5.13 |
| P/B ratio | 6.07 | 25.35 |
| EV / EBITDA | 30.13 | 18.65 |
| FCF yield | 2.84% | 4.35% |
Profitability
| Metric | MCHP | NTAP |
|---|---|---|
| Gross margin | 60.19% | 70.63% |
| Operating margin | 15.52% | 25.73% |
| Net margin | 8.80% | 19.19% |
| ROE | 6.98% | 94.85% |
| ROIC | 5.01% | 21.27% |
Dividends
| Metric | MCHP | NTAP |
|---|---|---|
| Dividend yield | 2.45% | 1.04% |
| Payout ratio | 252.43% | 29.34% |
Growth (annualized)
| Metric | MCHP | NTAP |
|---|---|---|
| Revenue CAGR (5Y) | -2.11% | 4.61% |
| EPS CAGR (5Y) | -16.62% | 14.39% |
| FCF CAGR (5Y) | -9.94% | 7.04% |
| Total return CAGR (5Y) | 0.99% | 19.31% |
Frequently asked
- Which has the lower trailing P/E, MCHP or NTAP?
- NTAP has the lower trailing P/E: MCHP trades at 100.03 and NTAP at 27.24. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MCHP or NTAP?
- Over the past five years, NTAP grew revenue faster — MCHP at a -2.11% CAGR versus NTAP at 4.61%.
- Does MCHP or NTAP pay a bigger dividend?
- MCHP yields 2.45% and NTAP yields 1.04% based on trailing dividends and the latest price.
- Is MCHP or NTAP more profitable?
- NTAP runs the higher net margin — MCHP at 8.80% versus NTAP at 19.19%.
- How have MCHP and NTAP total returns compared?
- Over the past 10 years, MCHP delivered 11.84% and NTAP delivered 22.21% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Microchip Technology P/E ratioNetApp P/E ratioMicrochip Technology dividend yieldNetApp dividend yieldMicrochip Technology ROENetApp ROEMicrochip Technology operating marginNetApp operating marginMicrochip Technology revenue growthNetApp revenue growthMicrochip Technology free cash flowNetApp free cash flow
Microchip Technology & NetApp appear in these rankings
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 September 13, 2026.