analyticsSecurity / Vertical SaaS
Data as of Q2 2026
Summary Verdict
OKTA: 4—SAIL: 1wins
Rule of 40
41.5OKTA
30.4SAIL
check_circleOKTA leads
Revenue Growth
12.0%OKTA
24.4%SAIL
check_circleSAIL leads
Gross Margin
77%OKTA
64%SAIL
check_circleOKTA leads
FCF Margin
29.5%OKTA
6.0%SAIL
check_circleOKTA leads
Operating Margin
5.4%OKTA
-28.7%SAIL
check_circleOKTA leads
NRR
—OKTA
—SAIL
Metric
Rule of 40Efficiency score
OKTA
41.5check_circle
SAIL
30.4
Revenue GrowthYoY
OKTA
12.0%
SAIL
24.4%check_circle
Gross Margin% of revenue
OKTA
77%check_circle
SAIL
64%
FCF MarginFree cash flow
OKTA
29.5%check_circle
SAIL
6.0%
Operating MarginGAAP
OKTA
5.4%check_circle
SAIL
-28.7%
NRRNet retention
OKTA
N/A
SAIL
N/A
EV / RevenueValuation multiple
OKTA
6.6xcheck_circle
SAIL
6.8x
Market CapUSD
OKTA
$19.7Bcheck_circle
SAIL
$7.7B
ARR GrowthYoY
OKTA
N/A
SAIL
N/A
CAC PaybackMonths to recover
OKTA
N/A
SAIL
N/A
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Analysis
As of Q2 2026, Okta, Inc. trades at 6.6x EV/Revenue versus SailPoint, Inc. at 6.8x. On the Rule of 40, Okta, Inc. scores 41.5 compared to SailPoint, Inc.'s 30.4, placing Okta, Inc. ahead in operating efficiency. Gross margins stand at Okta, Inc. 77% vs SailPoint, Inc. 64%.