Asana
ASAN · Application Software
$12.02
4.5%GitLab
GTLB · Application Software
$56.28
3.2%The short version
- GitLab is the larger business, with $955M of revenue in fiscal 2026 against $791M for Asana.
- GitLab grew revenue faster (25.8%, against 9.3%).
- GitLab kept more of each dollar of sales as operating profit (−7.4% operating margin, against −25.0% operating margin).
- GitLab turned more of its sales into free cash flow (23.2% FCF margin, against 11.0% FCF margin).
| Latest fiscal year | ASAN · FY26 | GTLB · FY26 |
|---|---|---|
| Size | ||
| Market cap | $2.8B | $9.5B |
| Revenue | $791M | $955M |
| Free cash flow | $86.6M | $222M |
| Net income | −$189M | −$56.0M |
| Growth | ||
| Revenue growth | 9.3% | 25.8% |
| 5-year growth | 28.4% | 44.4% |
| Share count change | 3.2% | 3.9% |
| Profitability | ||
| Gross margin | 89.0% | 87.4% |
| Operating margin | −25.0% | −7.4% |
| Net margin | −23.9% | −5.9% |
| FCF margin | 11.0% | 23.2% |
| Return on capital | — | — |
| Return on equity | −99.1% | −6.3% |
| Balance sheet | ||
| Net debt | — | −$1.3B |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $132M | $0.0M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | — | 4 |
FY19
ASAN $76.8M
GTLB —
FY20
ASAN $143M
GTLB $81.2M
FY21
ASAN $227M
GTLB $152M
FY22
ASAN $378M
GTLB $253M
FY23
ASAN $547M
GTLB $424M
FY24
ASAN $653M
GTLB $580M
FY25
ASAN $724M
GTLB $759M
FY26
ASAN $791M
GTLB $955M
ASAN
GTLB
FY19
ASAN −67.8%
GTLB —
FY20
ASAN −83.9%
GTLB −158.0%
FY21
ASAN −77.3%
GTLB −140.6%
FY22
ASAN −70.1%
GTLB −51.0%
FY23
ASAN −74.5%
GTLB −49.8%
FY24
ASAN −41.4%
GTLB −32.3%
FY25
ASAN −36.9%
GTLB −18.8%
FY26
ASAN −25.0%
GTLB −7.4%
ASAN
GTLB
FY19
ASAN −$33.0M
GTLB —
FY20
ASAN −$47.0M
GTLB −$60.2M
FY21
ASAN −$150M
GTLB −$73.6M
FY22
ASAN −$125M
GTLB −$53.4M
FY23
ASAN −$165M
GTLB −$83.5M
FY24
ASAN −$25.7M
GTLB $33.4M
FY25
ASAN $9.4M
GTLB −$67.7M
FY26
ASAN $86.6M
GTLB $222M
ASAN
GTLB
FY19
ASAN —
GTLB —
FY20
ASAN —
GTLB —
FY21
ASAN —
GTLB —
FY22
ASAN —
GTLB —
FY23
ASAN —
GTLB —
FY24
ASAN —
GTLB —
FY25
ASAN —
GTLB —
FY26
ASAN —
GTLB —
ASAN
GTLB
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.