Netskope Inc. (NTSK) vs SailPoint, Inc. (SAIL)

Netskope Inc. and SailPoint, Inc. are both Software Infrastructure companies. SailPoint, Inc. is the larger, with a market value of $10.5B against $8.9B — 1.2× the size. SailPoint, Inc. has the higher net margin (−16.9% vs −91.8%) and the lower return on invested capital (−2.10% vs 0.00%). Across the 16 metrics below, SailPoint, Inc. leads on 11 and Netskope Inc. on 5.

Valuation

Metric NTSK SAIL Software Infrastructure median
P/E n/m n/m 24.43
P/S 10.97 9.01 2.81
P/B 56.16 1.53 2.88
Price to free cash flow n/m 65.78 17.94
EV/EBITDA n/m 258.79 14.51
EV/Sales 10.51 9.63 2.91
Earnings yield (11.73%) (1.84%) 0.00%
Free cash flow yield (0.85%) 1.52% 0.49%

Profitability

Metric NTSK SAIL Software Infrastructure median
Gross margin 69.92% 66.22% 57.45%
Operating margin (94.66%) (18.92%) 0.00%
Net margin (91.84%) (16.92%) 0.00%
Free cash flow margin (9.31%) 13.70% 0.00%
Return on equity 106.88% (2.88%) 0.00%
Return on assets (86.11%) (2.62%) 0.00%
Return on invested capital 0.00% (2.10%) 0.00%

Growth

Metric NTSK SAIL Software Infrastructure median
Revenue growth (TTM) — 20.13% 14.28%
EPS growth (last fiscal year) 12.64% 95.82% 18.26%
Revenue growth, 5-year CAGR — — 16.15%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric NTSK SAIL Software Infrastructure median
Debt to equity 4.45 0.00 0.02
Current ratio 2.01 1.23 1.53
Net debt to EBITDA 0.79 8.93 0.05

Dividend

Metric NTSK SAIL Software Infrastructure median
Dividend yield — — 1.06%
Payout ratio — — 0.29

Size

Metric NTSK SAIL Software Infrastructure median
Market cap 8.85b 10.50b 661.51m

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