NetApp, Inc.
$35.55B- Market cap
- $36.65B
- Debt
- +$2.49B
- Cash
- −$3.58B
Capital structure 94% equity / 6% debt · EV / Revenue 5.70x · EV / EBITDA 20.00x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt capMarket cap $36.65B · View financials
Snapshot Sep 8, 2026, 1:45 PM ET
FY 2025 · Mkt cap
Decision snapshot: NTAP stock price at premium vs TTD $186.59 current versus $99.84 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at TTD's multiple
Implied fair value · at NTAP's multiple
Snapshot Sep 8, 2026, 1:46 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NTAP FY 2026 (ended Apr 24, 2026) · TTD FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Eight fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 94% equity / 6% debt · EV / Revenue 5.70x · EV / EBITDA 20.00x
Capital structure 65% equity / 35% debt · EV / Revenue 3.08x · EV / EBITDA 13.23x
NTAP carries the larger enterprise value at $35.55B against $8.93B; TTD trades on the lower EV / Revenue multiple (3.08x vs 5.70x); TTD on the lower EV / EBITDA (13.23x vs 20.00x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NetApp, Inc. · implied price per share
Bear
$99.20
Base
$116.73
Bull
$141.38
The Trade Desk, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.84x
1.43x
Net debt / EBITDA
Leverage against operating earnings
-0.62x
3.34x
Cash and equivalents
Liquid reserves on the balance sheet
$3.58B
$1.30B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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