Datadog
DDOG · Application Software
$269.65
4.6%Okta
OKTA · Application Software
$213.05
5.8%The short version
- Datadog is the larger business, with $3.4B of revenue in fiscal 2025 against $2.9B for Okta.
- Datadog grew revenue faster (27.7%, against 11.8%).
- Okta kept more of each dollar of sales as operating profit (5.1% operating margin, against −1.3% operating margin).
- Okta turned more of its sales into free cash flow (30.0% FCF margin, against 29.2% FCF margin).
| Latest fiscal year | DDOG · FY25 | OKTA · FY26 |
|---|---|---|
| Size | ||
| Market cap | $100.0B | $38.1B |
| Revenue | $3.4B | $2.9B |
| Free cash flow | $1.0B | $875M |
| Net income | $108M | $235M |
| Growth | ||
| Revenue growth | 27.7% | 11.8% |
| 5-year growth | 41.5% | 28.4% |
| Share count change | 1.4% | 2.4% |
| Profitability | ||
| Gross margin | 80.0% | 77.4% |
| Operating margin | −1.3% | 5.1% |
| Net margin | 3.1% | 8.1% |
| FCF margin | 29.2% | 30.0% |
| Return on capital | — | — |
| Return on equity | 3.3% | 3.5% |
| Balance sheet | ||
| Net debt | −$3.5B | — |
| Net debt / EBITDA | −723.3x | — |
| Dividends and buybacks | $0.0M | $73.0M |
| Valuation & quality | ||
| P/E | — | 128.3x |
| Piotroski F-score | 5 | 8 |
FY17
DDOG $101M
OKTA $161M
FY18
DDOG $198M
OKTA $257M
FY19
DDOG $363M
OKTA $399M
FY20
DDOG $604M
OKTA $586M
FY21
DDOG $1.0B
OKTA $835M
FY22
DDOG $1.7B
OKTA $1.3B
FY23
DDOG $2.1B
OKTA $1.9B
FY24
DDOG $2.7B
OKTA $2.3B
FY25
DDOG $3.4B
OKTA $2.6B
FY26
DDOG —
OKTA $2.9B
DDOG
OKTA
FY17
DDOG −2.9%
OKTA −46.4%
FY18
DDOG −5.6%
OKTA −43.6%
FY19
DDOG −5.6%
OKTA −30.0%
FY20
DDOG −2.3%
OKTA −31.7%
FY21
DDOG −1.9%
OKTA −24.4%
FY22
DDOG −3.5%
OKTA −59.1%
FY23
DDOG −1.6%
OKTA −43.7%
FY24
DDOG 2.0%
OKTA −22.8%
FY25
DDOG −1.3%
OKTA −2.8%
FY26
DDOG —
OKTA 5.1%
DDOG
OKTA
FY17
DDOG $11.5M
OKTA −$48.4M
FY18
DDOG $1.2M
OKTA −$31.8M
FY19
DDOG $10.9M
OKTA −$4.6M
FY20
DDOG $104M
OKTA $40.2M
FY21
DDOG $277M
OKTA $115M
FY22
DDOG $383M
OKTA $91.0M
FY23
DDOG $632M
OKTA $74.0M
FY24
DDOG $836M
OKTA $504M
FY25
DDOG $1.0B
OKTA $742M
FY26
DDOG —
OKTA $875M
DDOG
OKTA
FY17
DDOG —
OKTA —
FY18
DDOG —
OKTA —
FY19
DDOG —
OKTA —
FY20
DDOG —
OKTA —
FY21
DDOG —
OKTA —
FY22
DDOG —
OKTA −23.5%
FY23
DDOG —
OKTA −12.4%
FY24
DDOG —
OKTA −8.2%
FY25
DDOG —
OKTA −0.9%
FY26
DDOG —
OKTA —
DDOG
OKTA
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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.