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NetApp vs Nutanix: Which Stock Looks Stronger in 2026?

NetApp holds the cleaner structural position, with the lead spread across growth and profitability. Nutanix still has the edge on stability, which keeps the comparison from looking entirely one-sided. On the market side, NetApp is in better shape — its trend is intact while Nutanix's trend has broken down. That puts structure and market broadly in agreement — NetApp's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-07-05

This is not just a one-metric split: both growth and profitability materially support the lead. NetApp, Inc. leads by 22 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Software - Infrastructure

This comparison is based on industry proximity, not on functional trajectory similarity. NTAP and NTNX share the same industry classification.

For a similarity-based comparison, see how NetApp and Nutanix each position within their functional peer groups in AssetNext.

Peer-Relative Score
NTAP
NetApp, Inc.
73
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
NTNX
Nutanix, Inc.
51
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: NTAP vs NTNX Profitability 92 66 Stability 44 65 Valuation 69 48 Growth 79 21 NTAP NTNX
Gap Ranking
#1 Growth +58
#2 Profitability +26
#3 Valuation +21
#4 Stability +21
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NTAP and NTNX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NTAPNTNX Relative valuation Structural strength

NetApp, Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NTAP and NTNX each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NTAP Elevated · above norm 0th 50th 100th 36 pct gap NTNX Neutral · near norm 0th 50th 100th 98th 62nd
Today NTNX sits in the upper-middle of its own 5-year history (62nd percentile), while NTAP sits higher in its own history (98th). Within each stock's own 5-year context, NTNX is at a historically more favourable entry position than NTAP. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
On growth, NetApp, Inc. ranks near the top of the group; Nutanix, Inc. sits in the weaker half.
Profitability
On profitability, the same pattern holds: both rank well, but NetApp, Inc. still sits higher.
Growth — Dominant Gap
NTAP
79
NTNX
21
Gap+58in favour of NTAP

The main growth separation is very wide, driven by a meaningfully stronger expansion profile.

What keeps the gap from being one-sided

Nutanix, Inc. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both growth and profitability — though stability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the NTAP vs NTNX comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how NTAP and NTNX each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.