+30% above 5y medianEV / revenue vs. its own five years
Board median EV / revenue10.2×five-year median 11.8× · −14%
Median Rule of 405321 of 24 above the line
Median revenue growth18%a year ago 15% · accelerating
Median SBC / revenue11%FCF margin 30% → 16% ex-SBC
Lights on1 of 3prices Oct 16, 2026 · TTM through Aug 31, 2026
Against the line
growth + FCF margin, in points
line 40score 61
growth 32 ptFCF margin 29 pt
Growth +32% plus FCF margin +29% is 61 points, 21 above the line at 40. Counting the stock as an expense: 40 points.
Where it has traded
quarter-end EV / revenue · 20 quarters · Sep 30, 2021 → Jun 30, 2026
Five-year median 16.9×, middle half 14.8–19.8×, range 10.8–59.2×. Now 22.0×: +30% above its own median, higher than 80% of those quarters.Each quarter at its own close, shares and balance sheet · the band is the 25th–75th percentile
What the cash flow really is
TTM through Jun 30, 2026 · $B
FCF 1.15B − SBC 0.82B = 0.33B ex-SBC · operating income 0.01B is the GAAP figure after SBC
Against its scale group
DDOG (blue) vs. the other Large companies on the board (14), grey
Revenue growth+32% vs. +26%
Gross margin80% vs. 75%
FCF margin+29% vs. +33%
SBC / revenue21% vs. 14%
Rule of 4061 vs. 59
EV / revenue22.0× vs. 18.5×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
8 quarters · Sep 30, 2024 → Jun 30, 2026 · a gap is a dropped quarter