Okta
OKTA · Application Software
$213.05
5.8%PTC
PTC · Application Software
$193.80
0.1%The short version
- Okta is the larger business, with $2.9B of revenue in fiscal 2026 against $2.7B for PTC.
- PTC grew revenue faster (19.2%, against 11.8%).
- PTC kept more of each dollar of sales as operating profit (35.9% operating margin, against 5.1% operating margin).
- PTC turned more of its sales into free cash flow (31.3% FCF margin, against 30.0% FCF margin).
- Investors pay more for each dollar of Okta’s earnings: a P/E of 128.3x against 18.9x for PTC.
| Latest fiscal year | OKTA · FY26 | PTC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $38.1B | $22.3B |
| Revenue | $2.9B | $2.7B |
| Free cash flow | $875M | $857M |
| Net income | $235M | $734M |
| Growth | ||
| Revenue growth | 11.8% | 19.2% |
| 5-year growth | 28.4% | 13.4% |
| Share count change | 2.4% | 0.0% |
| Profitability | ||
| Gross margin | 77.4% | 83.8% |
| Operating margin | 5.1% | 35.9% |
| Net margin | 8.1% | 26.8% |
| FCF margin | 30.0% | 31.3% |
| Return on capital | — | 17.4% |
| Return on equity | 3.5% | 20.9% |
| Balance sheet | ||
| Net debt | — | $988M |
| Net debt / EBITDA | — | 0.9x |
| Dividends and buybacks | $73.0M | $300M |
| Valuation & quality | ||
| P/E | 128.3x | 18.9x |
| Piotroski F-score | 8 | 8 |
FY17
OKTA $161M
PTC $1.2B
FY18
OKTA $257M
PTC $1.2B
FY19
OKTA $399M
PTC $1.3B
FY20
OKTA $586M
PTC $1.5B
FY21
OKTA $835M
PTC $1.8B
FY22
OKTA $1.3B
PTC $1.9B
FY23
OKTA $1.9B
PTC $2.1B
FY24
OKTA $2.3B
PTC $2.3B
FY25
OKTA $2.6B
PTC $2.7B
FY26
OKTA $2.9B
PTC —
OKTA
PTC
FY17
OKTA −46.4%
PTC 3.6%
FY18
OKTA −43.6%
PTC 5.9%
FY19
OKTA −30.0%
PTC 5.0%
FY20
OKTA −31.7%
PTC 14.5%
FY21
OKTA −24.4%
PTC 21.1%
FY22
OKTA −59.1%
PTC 23.1%
FY23
OKTA −43.7%
PTC 21.9%
FY24
OKTA −22.8%
PTC 25.6%
FY25
OKTA −2.8%
PTC 35.9%
FY26
OKTA 5.1%
PTC —
OKTA
PTC
FY17
OKTA −$48.4M
PTC $110M
FY18
OKTA −$31.8M
PTC $212M
FY19
OKTA −$4.6M
PTC $221M
FY20
OKTA $40.2M
PTC $214M
FY21
OKTA $115M
PTC $344M
FY22
OKTA $91.0M
PTC $416M
FY23
OKTA $74.0M
PTC $587M
FY24
OKTA $504M
PTC $736M
FY25
OKTA $742M
PTC $857M
FY26
OKTA $875M
PTC —
OKTA
PTC
FY17
OKTA —
PTC —
FY18
OKTA —
PTC —
FY19
OKTA —
PTC 2.2%
FY20
OKTA —
PTC 10.9%
FY21
OKTA —
PTC 14.3%
FY22
OKTA −23.5%
PTC 10.8%
FY23
OKTA −12.4%
PTC 9.1%
FY24
OKTA −8.2%
PTC 11.4%
FY25
OKTA −0.9%
PTC 17.4%
FY26
OKTA —
PTC —
OKTA
PTC
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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.