STX vs EQIX vs NTAP Stock Comparison

Seagate Technology Holdings, Equinix and NetApp Prices as of Oct 29, 2026 Peers: Industry group
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EQIX Equinix Inc
$1,036.67 +2.1% 1M +30.0% 1Y
Market cap
$99.96B
P/E
60.7x
Revenue (TTM)
$10.06B
Div. yield
–
Data Centers Technology
1 win
NTAP NetApp, Inc.
$218.42 +4.4% 1M +91.4% 1Y
Market cap
$38.45B
P/E
27.1x
Revenue (TTM)
$7.39B
Div. yield
–
Server and Storage Hardware Technology
2 wins

Head to Head

11 decided of 12

Seagate Technology Holdings leads on 8 of the 12 questions below (Seagate Technology Holdings 8, NetApp 2, Equinix 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSTXEQIXNTAPLeader
Larger companyMarket capitalisation $143.78B $99.96B $38.45B STX
Cheaper on earningsLower P/E, profitable companies only 32.7x 60.7x 27.1x NTAP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.2x 58.9x 20.8x STX
Faster revenue growthRevenue growth, trailing twelve months +44.4% +11.1% +12.2% STX
More profitableNet margin, trailing twelve months 31.9% 16.4% 19.2% STX
Better return on capitalReturn on invested capital 82.3% 5.7% 36.7% STX
Less leveragedLower net debt / EBITDA 0.2x 4.3x -0.5x NTAP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +163.7% +30.0% +91.4% STX
Better 5-year returnAnnualised price return, 5 years +51.1%/yr +4.4%/yr +19.6%/yr STX
Less volatileAnnualised volatility, 1 year 73.9% 25.8% 44.9% EQIX
Higher overall scoreMean of the five percentile scores vs peers 67/100 56/100 58/100 STX

Percentile Scorecard

STXEQIXNTAP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSTXEQIXNTAP
Valuation 32 #77 of 112 35 #25 of 38 41 #67 of 112
Growth 99 #2 of 108 37 #23 of 36 53 #51 of 108
Profitability 100 #1 of 104 82 #7 of 34 93 #8 of 104
Financial Health 44 #65 of 116 47 #20 of 37 29 #83 of 116
Shareholder Returns 62 #30 of 78 79 #5 of 20 73 #22 of 78
Overall 67 56 58
  • STX ranked among 121 companies in Computer Hardware
  • EQIX ranked among 39 companies in Cloud Computing
  • NTAP ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSTXEQIXNTAPSPY
1 month -23.3%+2.1%+4.4% +0.7%
3 months -17.8%-1.0%+25.5% +3.7%
6 months +4.0%-4.3%+97.2% +7.1%
Year to date +154.4%+35.3%+104.0% +12.8%
1 year +163.7%+30.0%+91.4% +11.9%
3 years +923.8%+44.9%+206.9% +85.2%
3 years, per year +117.3%+13.2%+45.4% +22.8%
5 years +686.4%+23.8%+144.6% +67.6%
5 years, per year +51.1%+4.4%+19.6% +10.9%
10 years +1,951.2%+192.0%+547.0% +262.0%
10 years, per year +35.3%+11.3%+20.5% +13.7%

Risk

MeasureSTXEQIXNTAPSPY
Volatility, 1Y 73.9%25.8%44.9% 12.7%
Downside volatility, 1Y 76.4%22.6%38.9% 12.6%
Beta vs S&P 500, 1Y 2.530.561.38 1.00
Return / volatility, 1Y 2.211.162.04 0.94
Max drawdown, 5Y -58.2%-40.2%-43.5% -25.4%
From 52-week high -36.0%-7.1%-8.7% -1.2%
52-week high $1,094.04$1,115.94$239.18 $779.14
52-week low $237.49$726.09$94.11 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSTXEQIXNTAP
P/E now vs peer median 36.3xmedian 32.9x 62.1xmedian 27.6x 30.2xmedian 32.9x
P/S now vs peer median 11.7xmedian 2.9x 10.2xmedian 4.6x 5.8xmedian 2.9x
EV/EBITDA now vs peer median 28.2xmedian 20.0x 27.3xmedian 25.6x 20.5xmedian 20.0x
P/FCF now vs peer median 38.7xmedian 30.2x -41.1xmedian 15.4x 25.9xmedian 30.2x
P/B now vs peer median 46.6xmedian 2.9x 7.1xmedian 4.1x 28.6xmedian 2.9x
PEG now vs peer median 0.39median 1.08 2.89median 0.80 3.68median 1.08

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSTXEQIXNTAP
Revenue $13.80B $10.06B $7.39B
Gross profit $6.95B $5.19B $5.22B
Operating income $5.46B $2.26B $1.85B
Net income $4.40B $1.65B $1.42B
Free cash flow $4.16B -$2.49B $1.65B
R&D $769.00M – $1.02B
EPS (diluted) $18.95 $16.60 $7.09
Cash & equivalents $1.26B $2.36B $1.57B
Total debt $2.35B $22.63B $2.49B
Shares (diluted) 232.00M 99.28M 200.00M
Enterprise value $138.63B $87.86B $21.26B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSTXEQIXNTAP
P/E 36.3x 62.1x 30.2x
P/FCF 38.7x -41.1x 25.9x
P/Operating cash flow 33.3x 24.6x 22.6x
P/S 11.7x 10.2x 5.8x
P/B 46.6x 7.1x 28.6x
P/Tangible book 46.6x 7.7x 29.4x
EV/EBITDA 28.2x 27.3x 20.5x
EV/EBIT 29.6x 53.7x 22.6x
EV/Revenue 11.7x 12.1x 5.6x
EV/FCF 39.0x -48.8x 25.3x
EV/Operating cash flow 33.5x 29.2x 22.0x
PEG (3Y EPS CAGR) 0.39 2.89 3.68

Growth

14 metrics
MetricSTXEQIXNTAP
Revenue growth (1Y) 44.4% 11.1% 12.2%
Revenue CAGR (3Y) 26.6% 7.2% 6.0%
Gross profit growth (1Y) 97.2% 14.0% 13.2%
Gross profit CAGR (3Y) 89.7% 8.4% 7.9%
Operating income growth (1Y) 150.5% 48.1% 35.6%
Operating income CAGR (3Y) 125.4% 18.0% 25.3%
Net income growth (1Y) 156.6% 53.8% 21.1%
Net income CAGR (3Y) 99.4% 23.6% 5.5%
EPS growth (1Y) 150.0% 52.2% 22.9%
EPS CAGR (3Y) 94.1% 21.5% 8.2%
Operating cash flow growth (1Y) 217.9% 11.3% 3.2%
Operating cash flow CAGR (3Y) 80.3% 11.9% 14.0%
Free cash flow growth (1Y) 241.1% -349.4% -0.5%
Free cash flow CAGR (3Y) 93.8% -756.4% 15.5%

Profitability

14 metrics
MetricSTXEQIXNTAP
Gross margin 50.4% 51.6% 70.6%
EBITDA margin 41.6% 44.4% 27.5%
Operating margin 39.6% 22.5% 25.0%
Pretax margin 36.7% 18.3% 24.7%
Net margin 31.9% 16.4% 19.2%
FCF margin 30.1% -24.8% 22.3%
Operating cash flow margin 35.0% 41.5% 25.7%
Return on equity 156.4% 11.4% 99.6%
Return on assets 43.3% 3.8% 13.1%
Return on invested capital 82.3% 5.7% 36.7%
Return on capital employed 76.1% 5.9% 29.4%
Asset turnover 1.4x 0.2x 0.7x
Cash conversion (OCF / net income) 1.1x 2.5x 1.3x
Stock comp / revenue 1.6% 5.4% 5.4%

Financial Health

11 metrics
MetricSTXEQIXNTAP
Debt / assets 22.8% 50.9% 22.7%
Debt / equity 0.7x 1.6x 1.7x
Net debt / EBITDA 0.2x 4.3x -0.5x
Debt / FCF 0.6x -9.1x 1.5x
Liabilities / assets 66.6% 67.3% 86.4%
Equity / assets 33.4% 32.7% 13.6%
Interest coverage 22.3x 3.7x –
Current ratio 1.8x 1.3x 1.2x
Quick ratio 1.1x 1.1x 1.0x
Cash ratio 0.4x 0.8x 0.8x
Altman Z-score 16.77 2.72 4.10

Shareholder Returns

7 metrics
MetricSTXEQIXNTAP
Dividend yield 0.4% 1.9% 1.0%
Net buyback yield 0.3% -0.1% 1.7%
Shareholder yield 0.7% 1.9% 2.7%
Payout ratio (earnings) 14.8% – –
Payout ratio (FCF) 15.6% – –
Dividend growth (1Y) 7.1% – –
Dividend CAGR (3Y) 3.8% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSTXEQIXNTAP
Forward P/E 18.2xFY2027 58.9xFY2026 20.8xFY2026
EPS, next fiscal year $38.53FY2027 $17.61FY2026 $10.50FY2026
EPS growth, next FY +147.3%FY2027 +28.0%FY2026 +29.2%FY2026
EPS growth, the year after +63.8% +10.8% +8.7%
Revenue, next fiscal year $19.55BFY2027 $10.81BFY2026 $8.49BFY2026
Revenue growth, next FY +60.2%FY2027 +17.3%FY2026 +22.7%FY2026
Revenue growth, the year after +29.7% -0.7% +8.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSTXEQIXNTAP
Held by institutions 83.8% 97.5% 97.4%
Institutions holding 1,957 1,357 960
Change in shares held, QoQ +1.4% +3.3% -1.0%
Institutions buying 1,209 728 502
Institutions selling 590 420 336
Buyers to sellers 2.05 1.73 1.49

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

STXEQIXNTAP
STX 1.00 0.30 0.21
EQIX 0.30 1.00 0.12
NTAP 0.21 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, STX, EQIX and NTAP?

Seagate Technology Holdings (STX) is the largest by market capitalisation: Seagate Technology Holdings (STX) $143.78B, Equinix (EQIX) $99.96B, NetApp (NTAP) $38.45B.

Which stock is cheaper, STX, EQIX and NTAP?

NetApp (NTAP) trades on the lowest price-to-earnings ratio (Seagate Technology Holdings (STX) 32.7x, Equinix (EQIX) 60.7x, NetApp (NTAP) 27.1x). On next year's consensus earnings, Seagate Technology Holdings (STX) is cheapest (Seagate Technology Holdings (STX) 18.2x, Equinix (EQIX) 58.9x, NetApp (NTAP) 20.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Seagate Technology Holdings (STX) grew revenue fastest over the trailing twelve months: Seagate Technology Holdings (STX) +44.4%, Equinix (EQIX) +11.1%, NetApp (NTAP) +12.2%.

Which company is more profitable?

Seagate Technology Holdings (STX) has the highest net margin (Seagate Technology Holdings (STX) 31.9%, Equinix (EQIX) 16.4%, NetApp (NTAP) 19.2%). On return on invested capital, Seagate Technology Holdings (STX) leads (Seagate Technology Holdings (STX) 82.3%, Equinix (EQIX) 5.7%, NetApp (NTAP) 36.7%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Seagate Technology Holdings (STX) +163.7%, Equinix (EQIX) +30.0%, NetApp (NTAP) +91.4%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Seagate Technology Holdings (STX) +51.1%/yr, Equinix (EQIX) +4.4%/yr, NetApp (NTAP) +19.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Seagate Technology Holdings (STX) 0.00%, Equinix (EQIX) 0.00%, NetApp (NTAP) 0.00%. Equinix (EQIX) and NetApp (NTAP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Seagate Technology Holdings (STX) 73.9%, Equinix (EQIX) 25.8%, NetApp (NTAP) 44.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, STX, EQIX and NTAP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Seagate Technology Holdings (STX) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.