Okta, Inc. vs SailPoint, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
OKTA: 4—SAIL: 1wins
Rule of 40
41.5OKTA
28.8SAIL
check_circleOKTA leads
Revenue Growth
12.0%OKTA
22.7%SAIL
check_circleSAIL leads
Gross Margin
77%OKTA
64%SAIL
check_circleOKTA leads
FCF Margin
29.5%OKTA
6.1%SAIL
check_circleOKTA leads
Operating Margin
5.4%OKTA
-32.9%SAIL
check_circleOKTA leads
NRR
—OKTA
—SAIL
Metric
Rule of 40Efficiency score
OKTA
41.5check_circle
SAIL
28.8
Revenue GrowthYoY
OKTA
12.0%
SAIL
22.7%check_circle
Gross Margin% of revenue
OKTA
77%check_circle
SAIL
64%
FCF MarginFree cash flow
OKTA
29.5%check_circle
SAIL
6.1%
Operating MarginGAAP
OKTA
5.4%check_circle
SAIL
-32.9%
NRRNet retention
OKTA
N/A
SAIL
N/A
EV / RevenueValuation multiple
OKTA
8.3x
SAIL
N/A
Market CapUSD
OKTA
$24.8B
SAIL
N/A
ARR GrowthYoY
OKTA
N/A
SAIL
N/A
CAC PaybackMonths to recover
OKTA
N/A
SAIL
N/A
insights
Analysis
As of Q2 2026, Okta, Inc. trades at 8.3x EV/Revenue versus SailPoint, Inc. at N/A. On the Rule of 40, Okta, Inc. scores 41.5 compared to SailPoint, Inc.'s 28.8, placing Okta, Inc. ahead in operating efficiency. Gross margins stand at Okta, Inc. 77% vs SailPoint, Inc. 64%.
Sector Context
Okta, Inc. operates in the Security sector and SailPoint, Inc. operates in the Vertical SaaS sector. The median comparison above shows where they stand relative to their respective peers.