OKTA vs XYZ: Okta and Block compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Block is the larger company, worth $46.7B, close to Okta's $43.7B.
- Okta grew revenue faster over the last year (+10.6% vs +9.3%).
- Okta keeps more of each dollar of revenue as operating profit (7.5% vs 4.7%).
- On earnings, Block is the cheaper stock (61.3x vs 190.3x).
- Okta's price assumes faster free cash flow growth: about 17% a year, against 5% for Block (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | OKTA | XYZ |
|---|---|---|
| Market cap | $43.7B | $46.7B |
| Share price | $232.13 | $77.24 |
| Revenue (last fiscal year) | $2.9B | $24.2B |
| Free cash flow (last fiscal year) | $863M | $2.4B |
| Revenue growth, last year | +10.6% | +9.3% |
| Revenue growth per year, last 5 fiscal years | +22.4% | +8.2% |
| Operating margin | 7.5% | 4.7% |
| Net margin | 9.6% | 1.4% |
| Return on equity | 4.2% | 1.6% |
| P/E (trailing) | 190.3x | 61.3x |
| Price / free cash flow | 48.3x | 19.3x |
| EV / EBITDA | 36.3x | 38.1x |
| FCF growth the price implies | 17.2% | 4.5% |
| Dividend yield | — | — |
| Debt / equity | 0.31x | 0.78x |
| Fundamental grade | C | D |
| Superinvestors holding it | 3 | 7 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Okta
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $1.3B | $87M | -59.1% |
| 2023 | $1.9B | $65M | -43.7% |
| 2024 | $2.3B | $489M | -22.8% |
| 2025 | $2.6B | $730M | -2.8% |
| 2026 | $2.9B | $863M | 5.1% |
Block
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $17.7B | $714M | 0.91% |
| 2022 | $17.5B | $5M | -3.6% |
| 2023 | $21.9B | -$50M | -1.3% |
| 2024 | $24.1B | $1.6B | 3.7% |
| 2025 | $24.2B | $2.4B | 7.1% |
Where the revenue comes from
Okta · by products, 2026
Subscription$2.9B98%
Professional services and other$64M2%
Block · by segments, 2025
Cash App$15.4B65%
Square$8.5B35%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open OKTA in InvestinglyQuestions
Which is bigger, Okta or Block?
Block (XYZ), at $46.7B against $43.7B.
Is OKTA or XYZ cheaper?
By trailing P/E, Block (61.3x) is cheaper than Okta (190.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, OKTA or XYZ?
Okta: revenue grew +10.6% over the last year, against +9.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.