analyticsVertical SaaS / Security
Data as of Q2 2026
Summary Verdict
CRWD: 2—OKTA: 3wins
Rule of 40
51.6CRWD
41.5OKTA
check_circleCRWD leads
Revenue Growth
23.7%CRWD
12.0%OKTA
check_circleCRWD leads
Gross Margin
74%CRWD
77%OKTA
check_circleOKTA leads
FCF Margin
27.9%CRWD
29.5%OKTA
check_circleOKTA leads
Operating Margin
-6.9%CRWD
5.4%OKTA
check_circleOKTA leads
NRR
—CRWD
—OKTA
Metric
Rule of 40Efficiency score
CRWD
51.6check_circle
OKTA
41.5
Revenue GrowthYoY
CRWD
23.7%check_circle
OKTA
12.0%
Gross Margin% of revenue
CRWD
74%
OKTA
77%check_circle
FCF MarginFree cash flow
CRWD
27.9%
OKTA
29.5%check_circle
Operating MarginGAAP
CRWD
-6.9%
OKTA
5.4%check_circle
NRRNet retention
CRWD
N/A
OKTA
N/A
EV / RevenueValuation multiple
CRWD
34.2x
OKTA
6.6xcheck_circle
Market CapUSD
CRWD
$170.8Bcheck_circle
OKTA
$19.7B
ARR GrowthYoY
CRWD
N/A
OKTA
N/A
CAC PaybackMonths to recover
CRWD
N/A
OKTA
N/A
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insights
Analysis
As of Q2 2026, CrowdStrike Holdings, Inc. trades at 34.2x EV/Revenue versus Okta, Inc. at 6.6x. On the Rule of 40, CrowdStrike Holdings, Inc. scores 51.6 compared to Okta, Inc.'s 41.5, placing CrowdStrike Holdings, Inc. ahead in operating efficiency. Gross margins stand at CrowdStrike Holdings, Inc. 74% vs Okta, Inc. 77%.