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Okta vs Nutanix: OKTA and NTNX compared
Okta is the larger company: $805M of revenue in its latest quarter (Q2 FY27) against $757M for Nutanix (Q4 FY26). Nutanix is growing faster (+16% against +11% a year earlier). Okta is more profitable, with an operating margin of 13.3% against 9.2%.
Where the money goes: OKTA and NTNX
Okta (OKTA) · Q2 FY27
Okta, Q2 FY27: revenue $805M (+11% year over year), operating margin 13.3%, net earnings $116M, operating cash flow $234M. The chart follows the revenue to costs, profit and cash.
Nutanix (NTNX) · Q4 FY26
Nutanix, Q4 FY26: revenue $757M (+16% year over year), operating margin 9.2%, net earnings $1.3B, operating cash flow $315M. The chart follows the revenue to costs, profit and cash.
| Okta (OKTA) | Nutanix (NTNX) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q4 FY26 |
| Revenue | $805M | $757M |
| Revenue growth, Y/Y | +11% | +16% |
| Gross margin | 79.6% | 86.0% |
| Operating margin | 13.3% | 9.2% |
| Net earnings | $116M | $1.3B |
| Net margin | 14.4% | 167.7% |
| Operating cash flow | $234M | $315M |
| Free cash flow | $227M | $278M |
| Market value | $30.2B | $15.8B |
| P/E | 101.9× | 10.5× |
| Analysts’ mean target | $214.72 | $79.27 |
Where the revenue comes from
Okta
- Subscription: $793M (99%)
- Professional services and other: $12.0M (1%)
Nutanix
- Subscription and Circulation: $719M (95%)
- Professional Services: $38.0M (5%)
Questions
Which is bigger, Okta or Nutanix?
Okta is the larger company: $805M of revenue in its latest quarter (Q2 FY27) against $757M for Nutanix (Q4 FY26).
Is Okta or Nutanix growing faster?
Nutanix is growing faster (+16% against +11% a year earlier).
Which is more profitable, Okta or Nutanix?
Okta is more profitable, with an operating margin of 13.3% against 9.2%.
More: Okta earnings · how Okta makes money · Nutanix earnings · how Nutanix makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-K filed Sep 18, 2026). Fiscal quarters can end on different dates. Not investment advice.