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Public SaaS Comparisons

Side-by-side Rule of 40, EV/Revenue, and operating metrics for 172 public SaaS companies. This directory provides structured, head-to-head comparisons of the world's leading software businesses. Evaluate how public markets price different growth profiles by comparing Net Revenue Retention (NRR), Gross Margins, and Free Cash Flow across direct competitors. Click any pair below to view a detailed, metrics-driven breakdown of their relative market positioning and operational efficiency.

Vertical SaaS

18 Comparisons
Shopify Inc.SHOP
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Toast, Inc.TOST
RULE OF 40
40vs26
Veeva Systems Inc.VEEV
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Workday, Inc.WDAY
FCF MARGIN
88%vs20%
Toast, Inc.TOST
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Shopify Inc.SHOP
GROWTH
24%vs24%
Duolingo, Inc.DUOL
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Instructure Holdings, Inc.INST
GROSS MARGIN
72%vs65%
Procore Technologies, Inc.PCOR
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Veeva Systems Inc.VEEV
EV/REVENUE
5.2xvs8.3x
Shopify Inc.SHOP
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Bill.com Holdings, Inc.BILL
EV/REVENUE
12.7xvs2.2x
SPS Commerce, Inc.SPSC
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Veeva Systems Inc.VEEV
GROSS MARGIN
69%vs76%
AppFolio, Inc.APPF
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Veeva Systems Inc.VEEV
FCF MARGIN
12%vs88%
CrowdStrike Holdings, Inc.CRWD
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SentinelOne, Inc.S
EV/REVENUE
34.2xvs5.2x
Cloudflare, Inc.NET
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Fastly, Inc.FSLY
Cloudflare, Inc.NET
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Datadog, Inc.DDOG
RULE OF 40
41vs56
Freshworks Inc.FRSH
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Salesforce, Inc.CRM
EV/LTM REV
2.4xvs3.7x
Cloudflare, Inc.NET
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Okta, Inc.OKTA
EV/REVENUE
40.2xvs6.6x
CrowdStrike Holdings, Inc.CRWD
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Okta, Inc.OKTA
RULE OF 40
52vs42
Veeva Systems Inc.VEEV
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AppFolio, Inc.APPF
EV/LTM REV
8.3xvs6.2x
Veeva Systems Inc.VEEV
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Procore Technologies, Inc.PCOR
GROWTH
18%vs16%
Duolingo, Inc.DUOL
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AppFolio, Inc.APPF
EV/REVENUE
4.1xvs6.2x
Roblox CorpRBLX
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Alarm.com Holdings, Inc.ALRM

Data & Analytics

14 Comparisons
Snowflake Inc.SNOW
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Datadog, Inc.DDOG
RULE OF 40
54vs56
Palantir Technologies Inc.PLTR
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ServiceNow, Inc.NOW
GROWTH
64%vs23%
Snowflake Inc.SNOW
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MongoDB, Inc.MDB
EV/REVENUE
16.7xvs11.4x
Confluent, Inc.CFLT
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MongoDB, Inc.MDB
GROWTH
21%vs22%
MongoDB, Inc.MDB
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DigitalBridge Group, Inc.DBRG
Snowflake Inc.SNOW
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Confluent, Inc.CFLT
EV/LTM REV
16.7xvs10.1x
Palantir Technologies Inc.PLTR
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Datadog, Inc.DDOG
RULE OF 40
96vs56
Snowflake Inc.SNOW
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Palantir Technologies Inc.PLTR
EV/LTM REV
16.7xvs65.8x
Confluent, Inc.CFLT
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Datadog, Inc.DDOG
MongoDB, Inc.MDB
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Elastic N.V.ESTC
EV/LTM REV
11.4xvs3.8x
Amplitude, Inc.AMPL
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Datadog, Inc.DDOG
EV/LTM REV
2.5xvs23.6x
Confluent, Inc.CFLT
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Snowflake Inc.SNOW
GROSS MARGIN
74%vs67%
Palantir Technologies Inc.PLTR
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C3.ai, Inc.AI
FCF MARGIN
32%vs-30%
Domo, Inc.DOMO
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MongoDB, Inc.MDB
RULE OF 40
-0vs40

Marketing Tech

6 Comparisons
HubSpot, Inc.HUBS
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Salesforce, Inc.CRM
EV/LTM REV
3.3xvs3.7x
HubSpot, Inc.HUBS
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Braze, Inc.BRZE
EV/LTM REV
3.3xvs3.4x
Adobe Inc.ADBE
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Salesforce, Inc.CRM
RULE OF 40
45vs47
HubSpot, Inc.HUBS
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The Trade Desk, Inc.TTD
FCF MARGIN
17%vs32%
Braze, Inc.BRZE
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The Trade Desk, Inc.TTD
RULE OF 40
37vs44
Braze, Inc.BRZE
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HubSpot, Inc.HUBS
EV/REVENUE
3.4xvs3.3x

DevTools & Observability

6 Comparisons
Datadog, Inc.DDOG
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Dynatrace, Inc.DT
FCF MARGIN
26%vs39%
GitLab Inc.GTLB
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Datadog, Inc.DDOG
GROSS MARGIN
87%vs80%
Datadog, Inc.DDOG
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Elastic N.V.ESTC
GROWTH
30%vs32%
GitLab Inc.GTLB
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Elastic N.V.ESTC
RULE OF 40
55vs43
Datadog, Inc.DDOG
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JFrog LtdFROG
EV/LTM REV
23.6xvs18.7x
GitLab Inc.GTLB
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JFrog LtdFROG
GROWTH
26%vs26%

Communications

5 Comparisons
Twilio Inc.TWLO
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Bandwidth Inc.BAND
EV/REVENUE
6.8xvs3.3x
Five9, Inc.FIVN
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Twilio Inc.TWLO
FCF MARGIN
13%vs8%
Bandwidth Inc.BAND
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Twilio Inc.TWLO
GROWTH
1%vs15%
Twilio Inc.TWLO
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RingCentral, Inc.RNG
Bandwidth Inc.BAND
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RingCentral, Inc.RNG
FCF MARGIN
-1%vs20%

HR Tech

4 Comparisons
Workday, Inc.WDAY
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ServiceNow, Inc.NOW
GROSS MARGIN
98%vs77%
Paycom Software, Inc.PAYC
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Paychex, Inc.PAYX
Workday, Inc.WDAY
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Paylocity Holding CorporationPCTY
GROWTH
13%vs29%
Paycom Software, Inc.PAYC
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Paylocity Holding CorporationPCTY
GROSS MARGIN
83%vs75%

Security

3 Comparisons
Okta, Inc.OKTA
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SentinelOne, Inc.S
Okta, Inc.OKTA
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SailPoint, Inc.SAIL
GROSS MARGIN
77%vs64%
SentinelOne, Inc.S
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Okta, Inc.OKTA

Fintech

3 Comparisons
WEX Inc.WEX
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Paycom Software, Inc.PAYC
EV/REVENUE
4.0xvs3.4x
Model N, Inc.MODN
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Veeva Systems Inc.VEEV
GROWTH
16%vs18%
Bill.com Holdings, Inc.BILL
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Shopify Inc.SHOP
RULE OF 40
38vs40

IT Service Management

2 Comparisons
ServiceNow, Inc.NOW
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Workday, Inc.WDAY
ServiceNow, Inc.NOW
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Asana, Inc.ASAN
GROSS MARGIN
77%vs89%

Cloud Storage

2 Comparisons
Box, Inc.BOX
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DigitalOcean Holdings, Inc.DOCN
GROSS MARGIN
79%vs59%
Dropbox, Inc.DBX
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Box, Inc.BOX
FCF MARGIN
26%vs44%

Cloud Infrastructure

2 Comparisons
DigitalOcean Holdings, Inc.DOCN
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Box, Inc.BOX
DigitalOcean Holdings, Inc.DOCN
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Dropbox, Inc.DBX
RULE OF 40
22vs25

Sales Intelligence

1 Comparison
ZoomInfo Technologies Inc.ZI
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HubSpot, Inc.HUBS
FCF MARGIN
36%vs17%

CRM & Sales

1 Comparison
Salesforce, Inc.CRM
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ServiceNow, Inc.NOW
EV/LTM REV
3.7xvs8.4x

Market Trends

Valuation Multiples Over Time

AGGREGATE VIEW

3.4x

Median EV/Revenue across all cohorts

trending_up

Top Performer

Highest Rule of 40 this quarter

GLOO

221.4%

NEW METRICS

Rule of 40 Heatmaps

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UPDATE

Q3 Earnings Data

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Looking for a specific comparison?

Any two of the 172 tracked companies can be compared. Use the URL pattern: /compare/[ticker-a]-vs-[ticker-b]/

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