Information Technology · Application Software · US stock · price as of 22 Oct 2026
Key indicators
Price
$257.75
52-week range
$98.01 – $300.68
Market cap
$95.6B
P/E (trailing)
530.3×
EV / EBITDA
1,157.2×
Free-cash-flow yield
1.2%
Dividend yield
–
Revenue (last 12 months)
$4.0B
Revenue growth (3y a year)
26.9%
Operating margin
0.4%
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Fair value (average of valid models)$217.91 middle half of models $207 – $243
Versus priceFair−16% to fair value
P/E multiple
$246.85
P/B multiple
$231.77
P/S multiple
$192.75
EV/EBITDA multiple
$212.05
EV/EBIT multiple
$147.33
EV/revenue multiple
$211.09
10-year DCF, EBITDA exit
$205.81
5-year DCF, EBITDA exit
$258.16
10-year DCF, revenue exit
$216.03
5-year DCF, revenue exit
$257.26
Model uncertainty
Medium
X-Ray Score
50/ 100 · Medium confidence · ahead of 51% of sector peers
Valuation16
Growth83
Profitability62
Financial health46
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Datadog provides a cloud-based platform that helps technology teams monitor and secure their software. Its products collect and analyse data on servers, applications, logs and user activity, and show engineers where problems occur. It also offers security tools. Customers range from start-ups to large enterprises across many industries, and they reach the platform through the web instead of installing software, using it mainly to keep cloud applications running reliably.
The company earns money from subscriptions, with customers paying for the products they use and the volume of data they send. Revenue was $4.0 billion over the last twelve months, with growth of 26.9% a year across the last three years. The operating margin is 0.4%, so the business is close to break-even on that measure, and no dividend is paid.
StocksXray gives Datadog, Inc. an X-Ray Score of 50 out of 100 (medium confidence), ahead of 51% of the S&P 500 stocks in its sector. Its strongest lens is growth (83) and its weakest is valuation (16).
Our fair value (the average of the valid models) is $217.91 (range $207.13 to $243.08). At $257.75 the stock trades 18% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Datadog, Inc. (DDOG)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$178.11
$73.50
$121.38
$142.89
$135.99
$257.75
Market cap
$55.0B
$23.2B
$42.5B
$51.2B
$49.4B
$95.6B
P/E
–
–
867.0×
274.8×
438.7×
530.3×
EV / revenue
52.0×
12.7×
18.8×
17.5×
13.1×
22.9×
EV / EBITDA
–
–
18,696.4×
457.8×
9,313.0×
1,157.2×
Price / free cash flow
199.0×
60.5×
67.2×
61.3×
49.4×
80.9×
Free-cash-flow yield
0.5%
1.7%
1.5%
1.6%
2.0%
1.2%
Price / book
52.9×
16.4×
21.0×
18.9×
13.2×
21.9×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 7 Good · ● 1 Average · ● 5 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−13.9%Good
Free-cash-flow yield1.2%Bad
Risk models
Altman Z score5.2×Good
Piotroski F-Score6 of 9Average
Growth
Free-cash-flow growth (3y)37.7%Good
Revenue growth (3y)26.9%Good
Growth consistency100%Good
Balance sheet
Current ratio3.2×Good
Interest cover1.4×Bad
Valuation
Fair value vs price0.8×Bad
EBIT / EV yield0.0%Bad
Profitability
Operating margin0.4%Bad
Gross profitability41.8%Good
XStocksXray
Datadog, Inc. (DDOG)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,029
1,675
2,128
2,684
3,427
3,967
Gross profit
795
1,328
1,718
2,169
2,740
3,154
Operating income
-19
-59
-33
54
-44
16
Net income
-21
-50
49
184
108
178
Diluted EPS ($)
-0.07
-0.16
0.14
0.52
0.31
0.49
Free cash flow
277
383
632
836
1,001
1,182
Gross margin
77.2%
79.3%
80.7%
80.8%
80.0%
79.5%
Operating margin
−1.9%
−3.5%
−1.6%
2.0%
−1.3%
0.4%
Net margin
−2.0%
−3.0%
2.3%
6.8%
3.1%
4.5%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
2,381
3,005
3,936
5,785
6,644
7,548
Cash
271
339
330
1,247
401
435
Total debt
–
–
–
–
–
–
Equity
1,041
1,411
2,025
2,714
3,732
4,367
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
