GitLab Inc. (GTLB) vs Netskope Inc. (NTSK)

GitLab Inc. and Netskope Inc. are both Software Infrastructure companies. GitLab Inc. is the larger, with a market value of $9.3B against $8.4B — 1.1× the size. GitLab Inc. has the higher net margin (−4.99% vs −91.8%) and the higher return on invested capital (0.00% vs 0.00%). Across the 15 metrics below, GitLab Inc. leads on 12 and Netskope Inc. on 3.

Valuation

Metric GTLB NTSK Software Infrastructure median
P/E n/m n/m 28.38
P/S 8.41 9.59 2.98
P/B 9.13 49.09 2.93
Price to free cash flow 41.51 n/m 16.28
EV/EBITDA n/m n/m 13.92
EV/Sales 7.22 9.13 2.90
Earnings yield (0.60%) (13.42%) 0.14%
Free cash flow yield 2.41% (0.97%) 1.24%

Profitability

Metric GTLB NTSK Software Infrastructure median
Gross margin 85.75% 69.92% 61.00%
Operating margin (8.55%) (94.66%) 0.00%
Net margin (4.99%) (91.84%) 0.00%
Free cash flow margin 20.25% (9.31%) 1.67%
Return on equity (5.60%) 106.88% 0.60%
Return on assets (3.33%) (86.11%) 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric GTLB NTSK Software Infrastructure median
Revenue growth (TTM) 22.99% — 13.41%
EPS growth (last fiscal year) (1,600.00%) 12.64% 27.10%
Revenue growth, 5-year CAGR 44.39% — 15.57%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GTLB NTSK Software Infrastructure median
Debt to equity 0.00 4.45 0.05
Current ratio 2.41 2.01 1.55
Net debt to EBITDA 101.14 0.79 0.08

Dividend

Metric GTLB NTSK Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric GTLB NTSK Software Infrastructure median
Market cap 9.32b 8.36b 752.37m

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