vs
Side-by-side financial comparison of NetApp (NTAP) and Rockwell Automation (ROK). Click either name above to swap in a different company.
Rockwell Automation is the larger business by last-quarter revenue ($2.1B vs $1.7B, roughly 1.2× NetApp). NetApp runs the higher net margin — 17.9% vs 14.5%, a 3.4% gap on every dollar of revenue. On growth, Rockwell Automation posted the faster year-over-year revenue change (11.9% vs 2.8%). Rockwell Automation produced more free cash flow last quarter ($170.0M vs $78.0M). Over the past eight quarters, NetApp's revenue compounded faster (3.0% CAGR vs -0.5%).
NetApp, Inc. is an American data infrastructure company that provides unified data storage, integrated data services, and cloud operations (CloudOps) solutions to enterprise customers. The company is based in San Jose, California. It has ranked in the Fortune 500 from 2012 to 2021. Founded in 1992 with an initial public offering in 1995, NetApp offers cloud data services for management of applications and data both online and physically.
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies headquartered in Milwaukee, Wisconsin. Its brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Rockwell Automation employs approximately 27,000 people and has customers in more than 100 countries worldwide.
NTAP vs ROK — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $2.1B |
| Net Profit | $305.0M | $305.0M |
| Gross Margin | 72.0% | 48.3% |
| Operating Margin | 23.4% | 20.7% |
| Net Margin | 17.9% | 14.5% |
| Revenue YoY | 2.8% | 11.9% |
| Net Profit YoY | 2.0% | 65.8% |
| EPS (diluted) | $1.51 | $2.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.6B | $2.1B |
| Q4 25 | $305.0M | $305.0M | ||
| Q3 25 | $233.0M | $138.0M | ||
| Q2 25 | $340.0M | $295.0M | ||
| Q1 25 | $299.0M | $252.0M | ||
| Q4 24 | $299.0M | $184.0M | ||
| Q3 24 | $248.0M | $239.1M | ||
| Q2 24 | $291.0M | $232.0M | ||
| Q1 24 | $313.0M | $266.2M |
| Q4 25 | 72.0% | 48.3% | ||
| Q3 25 | 70.4% | 69.4% | ||
| Q2 25 | 68.9% | 40.9% | ||
| Q1 25 | 69.8% | 40.5% | ||
| Q4 24 | 71.0% | 38.4% | ||
| Q3 24 | 71.3% | 37.9% | ||
| Q2 24 | 70.5% | 38.8% | ||
| Q1 24 | 71.7% | 39.2% |
| Q4 25 | 23.4% | 20.7% | ||
| Q3 25 | 19.8% | 2.7% | ||
| Q2 25 | 20.1% | 16.0% | ||
| Q1 25 | 22.1% | 14.9% | ||
| Q4 24 | 20.8% | 17.1% | ||
| Q3 24 | 18.3% | 13.5% | ||
| Q2 24 | 21.9% | 12.4% | ||
| Q1 24 | 22.8% | 14.6% |
| Q4 25 | 17.9% | 14.5% | ||
| Q3 25 | 14.9% | 6.0% | ||
| Q2 25 | 19.6% | 13.8% | ||
| Q1 25 | 18.2% | 12.6% | ||
| Q4 24 | 18.0% | 9.8% | ||
| Q3 24 | 16.1% | 11.7% | ||
| Q2 24 | 17.4% | 11.3% | ||
| Q1 24 | 19.5% | 12.5% |
| Q4 25 | $1.51 | $2.69 | ||
| Q3 25 | $1.15 | $1.24 | ||
| Q2 25 | $1.64 | $2.60 | ||
| Q1 25 | $1.44 | $2.22 | ||
| Q4 24 | $1.42 | $1.61 | ||
| Q3 24 | $1.17 | $2.09 | ||
| Q2 24 | $1.36 | $2.02 | ||
| Q1 24 | $1.48 | $2.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0B | $444.0M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $986.0M | $3.7B |
| Total Assets | $9.6B | $11.2B |
| Debt / EquityLower = less leverage | 2.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $444.0M | ||
| Q3 25 | $3.3B | $468.0M | ||
| Q2 25 | $3.8B | $495.0M | ||
| Q1 25 | $2.3B | $456.0M | ||
| Q4 24 | $2.2B | $477.0M | ||
| Q3 24 | $3.0B | $471.3M | ||
| Q2 24 | $3.3B | $407.0M | ||
| Q1 24 | $2.9B | $470.5M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | $2.6B | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $986.0M | $3.7B | ||
| Q3 25 | $975.0M | $3.7B | ||
| Q2 25 | $1.0B | $3.5B | ||
| Q1 25 | $995.0M | $3.4B | ||
| Q4 24 | $892.0M | $3.4B | ||
| Q3 24 | $929.0M | $3.5B | ||
| Q2 24 | $1.1B | $3.3B | ||
| Q1 24 | $994.0M | $3.5B |
| Q4 25 | $9.6B | $11.2B | ||
| Q3 25 | $9.7B | $11.2B | ||
| Q2 25 | $10.8B | $11.2B | ||
| Q1 25 | $9.0B | $11.0B | ||
| Q4 24 | $9.0B | $10.9B | ||
| Q3 24 | $9.3B | $11.2B | ||
| Q2 24 | $9.9B | $11.2B | ||
| Q1 24 | $9.4B | $11.4B |
| Q4 25 | 2.52× | — | ||
| Q3 25 | 2.55× | 0.72× | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 2.23× | — | ||
| Q3 24 | 2.58× | 0.73× | ||
| Q2 24 | 2.09× | — | ||
| Q1 24 | 2.41× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $127.0M | $234.0M |
| Free Cash FlowOCF − Capex | $78.0M | $170.0M |
| FCF MarginFCF / Revenue | 4.6% | 8.1% |
| Capex IntensityCapex / Revenue | 2.9% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.42× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.0M | $234.0M | ||
| Q3 25 | $673.0M | $454.0M | ||
| Q2 25 | — | $527.0M | ||
| Q1 25 | $385.0M | $199.0M | ||
| Q4 24 | — | $364.0M | ||
| Q3 24 | $341.0M | $432.3M | ||
| Q2 24 | $613.0M | $279.1M | ||
| Q1 24 | $484.0M | $119.8M |
| Q4 25 | $78.0M | $170.0M | ||
| Q3 25 | $620.0M | — | ||
| Q2 25 | — | $489.0M | ||
| Q1 25 | $338.0M | $171.0M | ||
| Q4 24 | — | $293.0M | ||
| Q3 24 | $300.0M | — | ||
| Q2 24 | $567.0M | $238.4M | ||
| Q1 24 | $448.0M | $68.6M |
| Q4 25 | 4.6% | 8.1% | ||
| Q3 25 | 39.8% | — | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | 20.6% | 8.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 34.0% | 11.6% | ||
| Q1 24 | 27.9% | 3.2% |
| Q4 25 | 2.9% | 3.0% | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | 2.9% | 1.4% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.8% | 2.0% | ||
| Q1 24 | 2.2% | 2.4% |
| Q4 25 | 0.42× | 0.77× | ||
| Q3 25 | 2.89× | 3.29× | ||
| Q2 25 | — | 1.79× | ||
| Q1 25 | 1.29× | 0.79× | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | 1.38× | 1.81× | ||
| Q2 24 | 2.11× | 1.20× | ||
| Q1 24 | 1.55× | 0.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
