--- title: "NetApp: Competitors & Industry Structure" description: "NetApp compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how the peer group is chosen." canonical: https://www.getswoopr.com/stocks/companies/netapp/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # NetApp: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies NetApp under SIC code 3572 (Computer Storage Devices). Among Swoopr's S&P 500 Equal Weight companies, 5 others share that classification; by latest reported revenue, NetApp ranks 4 of 6. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does NetApp Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | [Western Digital (WDC)](https://www.getswoopr.com/stocks/companies/western-digital/) | $9.5 billion FY2025 | 50.7% | 24.5% | 17.3% | | [Seagate Technology (STX)](https://www.getswoopr.com/stocks/companies/seagate-technology/) | $9.1 billion FY2025 | n/a | 20.8% | 16.1% | | [Sandisk (SNDK)](https://www.getswoopr.com/stocks/companies/sandisk/) | $7.4 billion FY2025 | 10.4% | -18.7% | -22.3% | | **NetApp (NTAP)** | $6.2 billion FY2026 | 5.6% | 26.8% | 20.5% | | [Everpure Inc. (P)](https://www.getswoopr.com/stocks/companies/everpure-inc/) | $3.7 billion FY2026 | 15.6% | 3.1% | 5.1% | | [Quantum Corporation (QMCO)](https://www.getswoopr.com/stocks/companies/quantum-corporation/) | $280 million FY2026 | 2.0% | -8.8% | -36.1% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for NetApp and 5 peers: Western Digital (WDC) 24.5%, Seagate Technology (STX) 20.8%, Sandisk (SNDK) -18.7%, NetApp (NTAP) 26.8%, Everpure Inc. (P) 3.1%, Quantum Corporation (QMCO) -8.8%.](https://www.getswoopr.com/images/charts/netapp-competitors-peer-margins.webp) *Operating margin of NetApp against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does NetApp Rank Among All SEC Filers in Its Industry Code? 6 companies with annual reports in Swoopr's SEC dataset share SIC code 3572 (Computer Storage Devices), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | NetApp | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $6.2 billion | $6.8 billion | 4 of 6 | | Revenue growth | 5.6% | 10.4% | 4 of 5 | | Operating margin | 26.8% | 12.0% | 1 of 6 | | Net margin | 20.5% | 10.6% | 1 of 6 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value NetApp reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-259683 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are NetApp's competitors? Companies sharing NetApp's SEC classification (SIC code 3572 (Computer Storage Devices)) include Western Digital (WDC), Seagate Technology (STX), Sandisk (SNDK), Everpure Inc. (P), Quantum Corporation (QMCO). Its 10-K names the competitors it considers most relevant. ### How does NetApp compare with its peers on margins? NetApp's fiscal 2026 operating margin was 26.8%, against a peer median of 3.1%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does NetApp rank among all companies in its SEC industry? Among 6 SEC filers under SIC code 3572, NetApp ranks 4 by latest revenue, and 1 of 6 by operating margin (26.8% against a median of 12.0%). ## References - [SEC EDGAR: NetApp, Inc. Form 10-K filed June 5, 2026](https://www.sec.gov/Archives/edgar/data/1002047/000119312526259683/ntap-20260424.htm) - [SEC EDGAR: NetApp, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1002047&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [NetApp company dossier](https://www.getswoopr.com/stocks/companies/netapp/) - [NetApp financial metrics](https://www.getswoopr.com/stocks/companies/netapp/metrics/) - [NetApp financial risk indicators](https://www.getswoopr.com/stocks/companies/netapp/risks/) - [NetApp peer comparison](https://www.getswoopr.com/stocks/companies/netapp/competitors/) - [NetApp business model and revenue mix](https://www.getswoopr.com/stocks/companies/netapp/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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