Netskope Inc. (NTSK) vs SentinelOne, Inc. (S)

Netskope Inc. and SentinelOne, Inc. are both Software Infrastructure companies. SentinelOne, Inc. is the larger, with a market value of $8.4B against $7.6B — 1.1× the size. SentinelOne, Inc. has the higher net margin (−31.0% vs −91.8%) and the lower return on invested capital (−25.5% vs 0.00%). Across the 16 metrics below, SentinelOne, Inc. leads on 11 and Netskope Inc. on 5.

Valuation

Metric NTSK S Software Infrastructure median
P/E n/m n/m 28.02
P/S 8.92 6.96 3.07
P/B 45.65 5.28 3.36
Price to free cash flow n/m 247.70 17.12
EV/EBITDA n/m n/m 14.91
EV/Sales 8.46 6.38 3.03
Earnings yield (14.43%) (4.51%) 0.13%
Free cash flow yield (1.04%) 0.40% 1.15%

Profitability

Metric NTSK S Software Infrastructure median
Gross margin 69.92% 72.54% 61.23%
Operating margin (94.66%) (29.46%) 0.00%
Net margin (91.84%) (30.95%) 0.00%
Free cash flow margin (9.31%) 2.81% 1.67%
Return on equity 106.88% (23.01%) 0.59%
Return on assets (86.11%) (14.37%) 0.00%
Return on invested capital 0.00% (25.50%) 0.00%

Growth

Metric NTSK S Software Infrastructure median
Revenue growth (TTM) — 21.09% 13.41%
EPS growth (last fiscal year) 12.64% (48.91%) —
Revenue growth, 5-year CAGR — 60.83% 15.81%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric NTSK S Software Infrastructure median
Debt to equity 4.45 0.00 0.06
Current ratio 2.01 1.45 1.55
Net debt to EBITDA 0.79 3.34 0.08

Dividend

Metric NTSK S Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio — 0.00 0.00

Size

Metric NTSK S Software Infrastructure median
Market cap 7.60b 8.36b 835.96m

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