analyticsDevTools & Observability
Data as of Q3 2023
Summary Verdict
NEWR: 0—GTLB: 5wins
Rule of 40
37.4NEWR
49.0GTLB
check_circleGTLB leads
Revenue Growth
21.2%NEWR
25.8%GTLB
check_circleGTLB leads
Gross Margin
76%NEWR
87%GTLB
check_circleGTLB leads
FCF Margin
16.2%NEWR
23.2%GTLB
check_circleGTLB leads
Operating Margin
-13.4%NEWR
-7.4%GTLB
check_circleGTLB leads
NRR
—NEWR
—GTLB
Metric
Rule of 40Efficiency score
NEWR
37.4
GTLB
49.0check_circle
Revenue GrowthYoY
NEWR
21.2%
GTLB
25.8%check_circle
Gross Margin% of revenue
NEWR
76%
GTLB
87%check_circle
FCF MarginFree cash flow
NEWR
16.2%
GTLB
23.2%check_circle
Operating MarginGAAP
NEWR
-13.4%
GTLB
-7.4%check_circle
NRRNet retention
NEWR
N/A
GTLB
N/A
EV / RevenueValuation multiple
NEWR
6.2x
GTLB
3.9xcheck_circle
Market CapUSD
NEWR
$6.2Bcheck_circle
GTLB
$4.0B
ARR GrowthYoY
NEWR
N/A
GTLB
N/A
CAC PaybackMonths to recover
NEWR
N/A
GTLB
N/A
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Analysis
As of Q3 2023, New Relic, Inc. trades at 6.2x EV/Revenue versus GitLab Inc. at 3.9x. On the Rule of 40, New Relic, Inc. scores 37.4 compared to GitLab Inc.'s 49.0, placing GitLab Inc. ahead in operating efficiency. Gross margins stand at New Relic, Inc. 76% vs GitLab Inc. 87%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.