analyticsData & Analytics / DevTools & Observability
Data as of Q2 2026
Summary Verdict
SNOW: 1—DDOG: 4wins
Rule of 40
54.0SNOW
55.8DDOG
check_circleDDOG leads
Revenue Growth
32.1%SNOW
29.7%DDOG
check_circleSNOW leads
Gross Margin
67%SNOW
80%DDOG
check_circleDDOG leads
FCF Margin
21.9%SNOW
26.1%DDOG
check_circleDDOG leads
Operating Margin
-30.1%SNOW
-1.3%DDOG
check_circleDDOG leads
NRR
—SNOW
—DDOG
Metric
Rule of 40Efficiency score
SNOW
54.0
DDOG
55.8check_circle
Revenue GrowthYoY
SNOW
32.1%check_circle
DDOG
29.7%
Gross Margin% of revenue
SNOW
67%
DDOG
80%check_circle
FCF MarginFree cash flow
SNOW
21.9%
DDOG
26.1%check_circle
Operating MarginGAAP
SNOW
-30.1%
DDOG
-1.3%check_circle
NRRNet retention
SNOW
N/A
DDOG
N/A
EV / RevenueValuation multiple
SNOW
16.7xcheck_circle
DDOG
23.6x
Market CapUSD
SNOW
$82.6B
DDOG
$83.3Bcheck_circle
ARR GrowthYoY
SNOW
N/A
DDOG
N/A
CAC PaybackMonths to recover
SNOW
N/A
DDOG
N/A
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insights
Analysis
As of Q2 2026, Snowflake Inc. trades at 16.7x EV/Revenue versus Datadog, Inc. at 23.6x. On the Rule of 40, Snowflake Inc. scores 54.0 compared to Datadog, Inc.'s 55.8, placing Datadog, Inc. ahead in operating efficiency. Gross margins stand at Snowflake Inc. 67% vs Datadog, Inc. 80%.