Comparable Company Analysis

Trading multiples and operating metrics across the universe. Snapshot: 2026-08-04.

19 companies
NTM Growth %
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EV / NTM Rev (x)
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Mkt Cap ($B)
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Showing 19 of 19 companies
Company Mkt Cap EV EV / LTM Rev EV / NTM Rev EV / LTM EBITDA EV / NTM EBITDA NTM Growth Gross Margin EBITDA Margin FCF Margin Rule of 40
Median5.7x4.7x30.9x14.1x24.0%65.2%16.0%19.5%47.0%
Mean8.8x5.6x154.8x20.5x39.2%60.8%15.2%17.4%56.5%
SPOTSpotify Technology S.A.$99.65B$91.37B5.3x4.3x38.8x16.2x24.0%32.3%16.9%18.5%42.5%
LITELumentum Holdings Inc.$66.97B$67.11B40.8x11.2x628.4x82.9x264.4%37.7%22.2%16.6%281.1%
SQBlock, Inc.$51.73B$40.50B1.7x1.2x24.0x32.4x36.3%44.9%8.9%13.5%49.8%
PYPLPayPal Holdings, Inc.$49.91B$52.87B1.6x1.5x6.9x5.8x7.0%45.8%21.9%19.9%26.9%
VSTVistra Corp.$48.59B$67.83B4.0x2.8x12.9x12.4x44.4%12.7%40.1%6.6%51.0%
NTRANatera, Inc.$39.36B$38.51B16.7x12.4x35.0%65.2%-8.9%4.0%39.0%
ALCAlcon Inc.$34.56B$38.18B3.7x3.4x16.2x12.4x9.3%54.9%22.3%15.8%25.1%
ADYEYAdyen N.V.$34.01B$23.44B9.1x7.5x15.9x12.8x22.2%73.1%54.0%-15.6%6.6%
MDBMongoDB, Inc.$30.43B$28.03B11.4x8.7x31.4x31.3%72.0%0.9%24.3%55.7%
TWLOTwilio Inc.$30.25B$28.97B5.7x4.7x115.6x13.0x21.9%48.7%5.9%19.5%41.3%
ZMZoom Communications, Inc.$29.85B$22.19B4.6x4.3x8.7x15.3x6.7%77.4%56.5%40.3%47.0%
TEAMAtlassian Corporation$28.92B$29.03B5.6x3.9x1208.1x17.1x42.9%83.9%-0.3%23.1%66.0%
ZSZscaler, Inc.$26.25B$24.58B9.2x6.3x218.6x22.7x46.0%76.7%3.8%35.9%81.9%
SMMNYSiemens Healthineers AG$25.12B$37.76B1.7x1.5x8.7x7.9x13.4%39.0%19.5%10.1%23.4%
OKTAOkta, Inc.$24.52B$22.34B7.7x6.7x62.9x11.6x14.9%77.4%12.0%30.9%45.8%
GHGuardant Health, Inc.$21.43B$22.04B22.4x13.7x64.1%65.0%-34.8%-24.5%39.6%
NTNXNutanix, Inc.$16.65B$16.16B6.4x5.0x55.2x26.2%87.1%12.8%30.4%56.6%
DTDynatrace, Inc.$13.27B$12.26B6.1x5.0x37.9x26.8x21.2%81.6%16.0%26.1%47.4%
DOCUDocuSign, Inc.$10.90B$10.27B3.2x2.8x18.3x8.0x12.8%79.4%19.7%34.8%47.6%