DDOG
Datadog, Inc.
DDOG has the edge over SNOW overall, supported by stronger valuation and stronger modeled upside.
SNOW
Snowflake Inc.
SNOW's outlook is improving, though it still trails on the overall score.
DDOG Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Strong |
DDOG's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNOW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Strong | |
| Unavailable |
SNOW's revenue and cash flow are currently strong, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
DDOG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 62x | $184 | — |
| Cheap | 251x | $181 | -2.1% |
| Current | 256x | $184 | — |
| Fair | 379x | $273 | +48% |
| Expensive | 621x | $447 | +142% |
Historical ranges are pointers, not guarantees.
DDOG's PE is in its cheap range at 256x. If earnings grow as analysts expect, today's price would be 62x next year's earnings.
SNOW PE Valuation
SNOW has no meaningful PE right now: it lost money over the past year.
DDOG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Broad | |
| Low |
Analysts expect strong earnings and revenue growth for DDOG, with profitability holding steady. However, they disagree widely on these estimates.
SNOW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
SNOW has the edge over DDOG on the outlook, with more favorable profitability expectations.
DDOG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.99 | +315% |
| Q3 2026 | $0.72 | +125% |
| Q2 2026 | $0.50 | +39% |
| Q1 2026 | $0.39 | -17% |
| Q4 2025 | $0.31 | -40% |
| Q3 2025 | $0.32 | -42% |
| Q2 2025 | $0.36 | -23% |
| Q1 2025 | $0.47 | +38% |
| Q4 2024 | $0.52 | +271% |
DDOG has the edge over SNOW on earnings quality, reporting a profit while its opponent remains loss making.
SNOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.74 | — |
| Q3 2026 | -$3.18 | +$0.96 |
| Q2 2026 | -$3.52 | +$0.68 |
| Q1 2026 | -$3.95 | -$0.09 |
| Q4 2025 | -$4.03 | -$0.64 |
| Q3 2025 | -$4.14 | -$1.08 |
| Q2 2025 | -$4.20 | -$1.40 |
| Q1 2025 | -$3.86 | -$1.31 |
| Q4 2024 | -$3.39 | -$0.71 |
SNOW is still losing money, but less than at its worst: $3.18 per share over the past year, against $4.20 at its worst in early 2025.
DDOG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +35% |
| Q2 2026 | $1.1B | +36% |
| Q1 2026 | $1B | +32% |
| Q4 2025 | $953.2M | +29% |
| Q3 2025 | $885.7M | +28% |
| Q2 2025 | $826.8M | +28% |
| Q1 2025 | $761.6M | +25% |
| Q4 2024 | $737.7M | +25% |
DDOG's revenue has grown year over year every quarter since late 2020: $1.2B last quarter, up 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.2% | +6.9 points |
| Q2 2026 | 0.5% | +4.8 points |
| Q1 2026 | 0.7% | +2.4 points |
| Q4 2025 | 1% | -0.3 points |
| Q3 2025 | -0.7% | -3.6 points |
| Q2 2025 | -4.3% | -6.3 points |
| Q1 2025 | -1.6% | -3.6 points |
| Q4 2024 | 1.3% | -3.4 points |
DDOG has the edge over SNOW on profitability, with a higher operating margin.
SNOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +35% |
| Q2 2026 | $1.4B | +33% |
| Q1 2026 | $1.3B | +30% |
| Q4 2025 | $1.2B | +29% |
| Q3 2025 | $1.1B | +32% |
| Q2 2025 | $1B | +26% |
| Q1 2025 | $986.8M | +27% |
| Q4 2024 | $942.1M | +28% |
SNOW has the edge over DDOG on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -17% | +13 points |
| Q2 2026 | -23% | +20 points |
| Q1 2026 | -25% | +14 points |
| Q4 2025 | -27% | +12 points |
| Q3 2025 | -30% | +11 points |
| Q2 2025 | -43% | -0.9 points |
| Q1 2025 | -39% | -3.6 points |
| Q4 2024 | -39% | -3.3 points |
SNOW's operating margin was −17% last quarter, up 13 points from the same quarter a year ago, near the top of its range since 2019.
DDOG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $279.1M | +19% |
| Q2 2026 | $306M | +65% |
| Q1 2026 | $323.3M | +23% |
| Q4 2025 | $318.2M | +24% |
| Q3 2025 | $234.7M | +6.5% |
| Q2 2025 | $184.9M | +16% |
| Q1 2025 | $262.8M | +33% |
| Q4 2024 | $257.5M | +23% |
DDOG's free cash flow has been positive every quarter for seven years: $1.2B over the past year, up 31% from the year before.
SNOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $83.8M | +44% |
| Q2 2026 | $232.8M | +27% |
| Q1 2026 | $765.1M | +82% |
| Q4 2025 | $113.6M | +29% |
| Q3 2025 | $58.2M | -10% |
| Q2 2025 | $183.4M | -46% |
| Q1 2025 | $421.4M | +27% |
| Q4 2024 | $88.3M | -21% |
SNOW generated $1.2B in free cash flow over the past year, up 59% from the year before.
DDOG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +4M shares |
| 1 year | +3.6% | +13M shares |
| 3 years | +6.7% | +23.7M shares |
| 5 years | +21% | +64.8M shares |
| Available history | +14% | +47.2M shares |
DDOG has the edge over SNOW on shareholder dilution, with a more favorable share count trend.
SNOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +3.9M shares |
| 1 year | +4.2% | +14M shares |
| 3 years | +6.7% | +21.9M shares |
| 5 years | +17% | +51.5M shares |
| Available history | +47% | +111M shares |
SNOW has 349M diluted shares, up 4.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $300M |
| Q1 2026 | $150M |
| Q4 2025 | $232.9M |
| Q3 2025 | — |
| Q2 2025 | $490.6M |
| Q1 2025 | — |
| Q4 2024 | $1B |
SNOW spent $683M buying back its own shares over the past year, down 55% from the year before.
DDOG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 7.0x | High |
| Q1 2026 | 18.2x | High |
| Q4 2025 | 123.2x | High |
| Q3 2025 | 94.8x | High |
| Q2 2025 | 16.5x | High |
| Q1 2025 | 6.9x | High |
| Q4 2024 | 3.6x | Elevated |
DDOG's net debt is less than a year of its operating earnings (EBITDA), down from more than 20 years a year ago.
SNOW Net Leverage
SNOW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
DDOG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 16.7 | Oversold |
DDOG's weekly RSI is 43 (neutral) and its Stochastic is 17 (oversold).
SNOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 25.2 | Neutral |
SNOW's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
DDOG PE vs Technology Sector
| Metric | DDOG | Sector median | Relative |
|---|---|---|---|
| PE | 256x | 28x | 820% above |
| PE % | 19 | 35 | 16 pts below |
DDOG is trading at 256x earnings, a 820% premium to the Technology sector's median of 28x.
SNOW PE vs Technology Sector
SNOW has no meaningful PE right now: it lost money over the past year.
DDOG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $244.3 | 24% below |
| 20 week MA | $243.6 | 24% below |
| 50 week MA | $189.3 | 2.6% below |
| 100 week MA | $161.1 | 14% above |
| 200 week MA | $134.5 | 37% above |
DDOG has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 37% above its 200-week average.
SNOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $319.9 | 6.6% below |
| 20 week MA | $311.5 | 4.1% below |
| 50 week MA | $238.6 | 25% above |
| 100 week MA | $218.8 | 37% above |
| 200 week MA | $187.5 | 59% above |
SNOW has the edge over DDOG on trend strength, trading above more of its moving averages.
DDOG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.1 | $106.3 | +194% |
| 2021 | $106.3 | $180.4 | +70% |
| 2022 | $180.4 | $72.4 | -60% |
| 2023 | $72.4 | $121.4 | +68% |
| 2024 | $121.4 | $146.0 | +20% |
| 2025 | $146.0 | $138.3 | -5.3% |
| 2026 YTD | $138.3 | $184.5 | +33% |
DDOG's yearly returns have swung widely, from +194% in 2020 to −60% in 2022. It's up 33% so far in 2026.
SNOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $240.0 | $323.0 | +35% |
| 2021 | $323.0 | $349.2 | +8.1% |
| 2022 | $349.2 | $138.5 | -60% |
| 2023 | $138.5 | $199.0 | +44% |
| 2024 | $199.0 | $158.7 | -20% |
| 2025 | $158.7 | $223.9 | +41% |
| 2026 YTD | $223.9 | $298.7 | +33% |
SNOW has the edge over DDOG on returns for 2026, with the stronger performance.