TORVANTA
Other · S&P 500 · data as of 2026-10-05

OKTA stock analysis: OKTA

OKTA (OKTA) is an S&P 500 company in Other. It grades strongest on momentum and weakest on value.

The model's view of OKTA · subscribers

Where OKTA ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

See plans
What's happening with OKTA · updated 2026-10-05 · from prices and SEC filings

OKTA price performance

OKTA against the S&P 500, one year
+0%+50%+100%OKTA +133%S&P 500 +18%2025-09-292026-10-05
Year to date+152.4%S&P 500 +14.5% · ahead by 137.9 pts
1 year+134.0%S&P 500 +17.0% · ahead by 116.9 pts
3 years+183.6%S&P 500 +89.3% · ahead by 94.3 pts
5 years-4.2%S&P 500 +91.3% · behind by 95.5 pts

Total returns with dividends reinvested.

OKTA factor grades

Each grade compares OKTA with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D-ValueP/E 131.5x (industry 20.1x)FCF yield 2.5% (industry 6.0%)
BGrowthRevenue growth +11% (industry +8%)EPS growth +93% (industry +10%)
C+ProfitabilityOperating margin 7.5% (industry 9.6%)ROIC 3.4% (industry 10.1%)
A+Momentum12-month change +134%From 52-wk high 0%

OKTA in plain numbers

OKTA key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$39.0B
Revenue growth (y/y)+11%
Free-cash-flow yield2.5%
Dividend yieldn/a
Next earnings (expected)2026-12-01
Valuation measures
Market value$39.0B
Enterprise value$38.3B
P/E (trailing)131.5x
Forward P/E (Torvanta estimate)108.5x
PEG (Torvanta estimate)5.12
Price / sales12.7x
Price / book5.6x
EV / revenue12.5x
EV / EBITDA165.0x
Financial highlights
Revenue, last 12 months$3.1B
Net income, last 12 months$296.0M
EPS, last 12 months (GAAP)$1.66
Gross margin78.1%
Operating margin7.5%
Net margin9.6%
Return on equity4.3%
Return on invested capital3.4%
Cash$763.0M
Total debt$0
Free cash flow, last 12 months$1.0B
Interest cover77.3x
Current ratio1.53x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

OKTA earnings trends

Revenue vs earnings
$0$201.2M$402.5M$603.8M$805.0MOct 2024 Revenue: $665.0MJan 2025 Revenue: $682.0MApr 2025 Revenue: $688.0MJul 2025 Revenue: $728.0MOct 2025 Revenue: $742.0MJan 2026 Revenue: $761.0MApr 2026 Revenue: $765.0MJul 2026 Revenue: $805.0MOct 2024 Net income: $16.0MJan 2025 Net income: $23.0MApr 2025 Net income: $62.0MJul 2025 Net income: $67.0MOct 2025 Net income: $43.0MJan 2026 Net income: $63.0MApr 2026 Net income: $74.0MJul 2026 Net income: $116.0MOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 2.4%Net margin: 3.4%Net margin: 9.0%Net margin: 9.2%Net margin: 5.8%Net margin: 8.3%Net margin: 9.7%Net margin: 14.4%0%7%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.3$0.5$0.7Oct 2024 EPS (GAAP, diluted): $0.0Jan 2025 EPS (GAAP, diluted): $0.1Apr 2025 EPS (GAAP, diluted): $0.4Jul 2025 EPS (GAAP, diluted): $0.4Oct 2025 EPS (GAAP, diluted): $0.2Jan 2026 EPS (GAAP, diluted): $0.4Apr 2026 EPS (GAAP, diluted): $0.4Jul 2026 EPS (GAAP, diluted): $0.7Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Jan 2026 +150% · Apr 2026 +20% · Jul 2026 +76%

From the company's 10-Q and 10-K filings with the SEC.

OKTA financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$1.3B$1.9B$2.3B$2.6B$2.9B
Net income-$848.4M-$815.0M-$355.0M$28.0M$235.0M
EPS (GAAP)$-5.66$-5.17$-2.17$0.05$1.31
Free cash flow$91.8M$74.0M$504.0M$742.0M$875.0M

OKTA earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-26$0.65+76%+11%+31.7%
2026-05-28$0.42+20%+11%+36.9%
2026-03-04$0.35+150%+12%+9.7%
2025-12-02$0.24n/a+12%+6.5%
2025-08-26$0.37+147%+13%+1.2%
2025-05-27$0.35n/a+12%-16.4%

Companies similar to OKTA

CompanyMarket valueP/ERevenue growthOperating margin12-month change
OKTA OKTA$39.0B131.5x+11%7.5%+134%
TWLO TWLO$46.2B41.9x+18%5.2%+192%compare
FTI FTI$27.5B24.4x+10%16.0%+85%compare
NVT NVT$27.1B45.8x+46%17.1%+72%compare
ATI ATI$26.3B56.6x+5%15.2%+138%
ROIV ROIV$25.8Bn/a-68%n/a+121%
SN SN$25.7B51.0xn/a11.2%+86%

All Other stock ratings

Frequently asked questions

Is OKTA stock a buy?

Torvanta does not tell individuals what to buy. Its grades for OKTA are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is OKTA's P/E ratio?

OKTA trades at about 131.5 times its last 12 months of GAAP earnings reported to the SEC, and about 108.5 times Torvanta's own estimate of the next 12 months.

When does OKTA report earnings next?

Based on its filing history, Torvanta expects OKTA to report around 2026-12-01.

How has OKTA performed against the S&P 500?

Over the past year OKTA returned +134.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

See plans Or get the free weekly newsletter

Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

All stock ratings · Stock lists · AI stock research · Model portfolio · Research · Disclaimer