MongoDB, Inc. (MDB) vs Okta, Inc. (OKTA)

MongoDB, Inc. and Okta, Inc. are both Software Infrastructure companies. Okta, Inc. is the larger, with a market value of $29.9B against $24.5B — 1.2× the size. Okta, Inc. trades at the lower P/E: 102× against 413×. MongoDB, Inc. grew revenue faster over the last twelve months: 25.5% against 11.2%. Okta, Inc. has the higher net margin (9.63% vs 2.12%) and the higher return on invested capital (3.10% vs −1.60%). Across the 20 metrics below, Okta, Inc. leads on 15 and MongoDB, Inc. on 5.

Valuation

Metric MDB OKTA Software Infrastructure median
P/E 413.41 101.66 24.43
P/S 8.85 9.74 2.81
P/B 8.26 4.29 2.88
Price to free cash flow 37.37 31.26 17.94
EV/EBITDA 1,065.60 57.38 14.51
EV/Sales 8.80 9.22 2.91
Earnings yield 0.24% 0.98% 0.00%
Free cash flow yield 2.68% 3.20% 0.49%

Profitability

Metric MDB OKTA Software Infrastructure median
Gross margin 72.69% 78.13% 57.45%
Operating margin (0.52%) 7.55% 0.00%
Net margin 2.12% 9.63% 0.00%
Free cash flow margin 23.68% 31.17% 0.00%
Return on equity 1.99% 4.31% 0.00%
Return on assets 1.61% 3.17% 0.00%
Return on invested capital (1.60%) 3.10% 0.00%

Growth

Metric MDB OKTA Software Infrastructure median
Revenue growth (TTM) 25.45% 11.22% 14.28%
EPS growth (last fiscal year) 49.13% 2,083.33% 18.26%
Revenue growth, 5-year CAGR 33.07% 28.44% 16.15%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MDB OKTA Software Infrastructure median
Debt to equity 0.00 0.00 0.02
Current ratio 4.87 1.53 1.53
Net debt to EBITDA 23.98 (5.43) 0.05

Dividend

Metric MDB OKTA Software Infrastructure median
Dividend yield — — 1.06%
Payout ratio — — 0.29

Size

Metric MDB OKTA Software Infrastructure median
Market cap 24.54b 29.92b 661.51m

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