SanDisk (SNDK) stock significantly outperformed its storage peers with an 11.1% 12-month return as of March 15, 2026. However, how does it truly measure up against rivals like Micron (MU) and Western Digital (WDC) in the evolving data storage landscape? A closer examination reveals robust free cash flow generation with a 16.2% FCF margin, coupled with moderate revenue growth of 23.6% (LTM). Its operating profitability (14.2% LTM operating margin) lags some competitors, and a negative P/E ratio suggests recent earnings challenges. While SanDisk demonstrates strong cash flow, limited upside may persist if its profitability doesn't catch up to higher-margin industry leaders.
SNDK's operating margin of 14.3% is strong but trails MU (32.5%), reflecting DRAM's higher profitability from surging AI and HBM demand.SNDK's LTM revenue growth of 23.6%, outpacing NTAP, PSTG but lagging MU, STX, WDC, indicates strong NAND flash recovery amid broader AI-driven demand.SNDK's 1106.9% gain, outperforming peers, reflects investor confidence in its NAND recovery and AI demand, despite current unprofitability (-93.4 PE).
Here's how SanDisk stacks up across size, valuation, and profitability versus key peers.
SNDKMUSTXWDCNTAPPSTGMarket Cap ($ Bil)97.3479.482.992.919.520.3Revenue ($ Bil)8.942.310.110.76.73.5PE Ratio-93.440.342.124.416.1155.5LTM Revenue Growth23.6%45.4%25.2%28.1%3.1%13.2%LTM Operating Margin14.3%32.5%25.6%27.9%23.2%2.0%LTM FCF Margin16.2%11.0%16.7%21.5%24.0%16.3%12M Market Return1106.9%324.2%345.0%514.1%9.5%20.8%
Below we compare SNDK's growth, margin, and valuation with peers across years
