DevTools & Observability
Encompasses developer tooling including source control, CI/CD pipelines, APM, and log management. Buyers are engineering leaders and platform teams at software-driven companies. Usage-based pricing creates strong NRR expansion potential but can introduce churn during cloud cost optimization cycles.
Med EV/Rev6.1x
Total Mkt Cap$71.5B
Avg Rule of 4042
Avg Gross Margin79%
Sector vs. all public SaaS
EV / Revenue6.1x vs 4.1x all-SaaS avg
Gross Margin79% vs 74% all-SaaS avg
Rule of 4042% vs 37% all-SaaS avg
Revenue Growth YoY21% vs 14% all-SaaS avg
At or above all-SaaS median
Below all-SaaS median
All-SaaS median
5 Companies
DI
Datadog, Inc.
DDOG
Largest in sectorarrow_outward
Market Cap
$45.9B
EV / Rev
13.3x
Rule of 40
57
Gross Margin
80%
DI
Dynatrace, Inc.
DT
Most efficientarrow_outward
Market Cap
$10.7B
EV / Rev
6.1x
Rule of 40
44
Gross Margin
81%
EN
Elastic N.V.
ESTC
Lowest multiplearrow_outward
Market Cap
$5.1B
EV / Rev
3.4x
Rule of 40
35
Gross Margin
74%
GI
GitLab Inc.
GTLB
Fastest growtharrow_outward
Market Cap
$3.7B
EV / Rev
3.6x
Rule of 40
49
Gross Margin
87%
NR
New Relic, Inc.
NEWR
arrow_outward
Market Cap
$6.2B
EV / Rev
6.4x
Rule of 40
23
Gross Margin
73%
Related Benchmarks