CrowdStrike Holdings, Inc. vs Okta, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q3 2026
Summary Verdict
CRWD: 2—OKTA: 3wins
Rule of 40
59.0CRWD
44.9OKTA
check_circleCRWD leads
Revenue Growth
33.0%CRWD
16.5%OKTA
check_circleCRWD leads
Gross Margin
75%CRWD
78%OKTA
check_circleOKTA leads
FCF Margin
25.9%CRWD
28.4%OKTA
check_circleOKTA leads
Operating Margin
-4.7%CRWD
7.5%OKTA
check_circleOKTA leads
NRR
—CRWD
—OKTA
Metric
Rule of 40Efficiency score
CRWD
59.0check_circle
OKTA
44.9
Revenue GrowthYoY
CRWD
33.0%check_circle
OKTA
16.5%
Gross Margin% of revenue
CRWD
75%
OKTA
78%check_circle
FCF MarginFree cash flow
CRWD
25.9%
OKTA
28.4%check_circle
Operating MarginGAAP
CRWD
-4.7%
OKTA
7.5%check_circle
NRRNet retention
CRWD
N/A
OKTA
N/A
EV / RevenueValuation multiple
CRWD
40.6x
OKTA
9.2xcheck_circle
Market CapUSD
CRWD
$217.0Bcheck_circle
OKTA
$28.3B
ARR GrowthYoY
CRWD
N/A
OKTA
N/A
CAC PaybackMonths to recover
CRWD
N/A
OKTA
N/A
insights
Analysis
As of Q3 2026, CrowdStrike Holdings, Inc. trades at 40.6x EV/Revenue versus Okta, Inc. at 9.2x. On the Rule of 40, CrowdStrike Holdings, Inc. scores 59.0 compared to Okta, Inc.'s 44.9, placing CrowdStrike Holdings, Inc. ahead in operating efficiency. Gross margins stand at CrowdStrike Holdings, Inc. 75% vs Okta, Inc. 78%.
Sector Context
CrowdStrike Holdings, Inc. operates in the Vertical SaaS sector and Okta, Inc. operates in the Security sector. The median comparison above shows where they stand relative to their respective peers.