Calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 18, 2026 | — | = | 121.78 | ÷ | -0.13 | -0.13 | = | -44,373 | ÷ | 352,576,081 | |
| Feb 20, 2025 | 797.11 | = | 126.24 | ÷ | 0.16 | 0.16 | = | 54,284 | ÷ | 342,764,016 | |
| Feb 23, 2024 | — | = | 129.51 | ÷ | -0.10 | -0.10 | = | -33,464 | ÷ | 331,874,107 | |
| Feb 24, 2023 | — | = | 76.67 | ÷ | -0.18 | -0.18 | = | -58,695 | ÷ | 319,892,991 | |
| Feb 25, 2022 | — | = | 161.41 | ÷ | -0.06 | -0.06 | = | -19,156 | ÷ | 313,909,699 | |
| Mar 1, 2021 | — | = | 97.61 | ÷ | -0.04 | -0.04 | = | -13,773 | ÷ | 306,491,775 | |
| Feb 25, 2020 | — | = | 44.31 | ÷ | -0.07 | -0.07 | = | -20,140 | ÷ | 297,073,234 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Datadog Inc. Annual Report.
The Price to Operating Profit (P/OP) ratio exhibits a volatile pattern over the observed period. Initial values are unavailable, but the ratio is calculated for February 2025, revealing a significantly high value. Subsequent periods show fluctuations, with a return to an uncalculated value.
- Share Price
- The share price demonstrates considerable variability. It increased substantially from February 2020 to February 2022, peaking at US$161.41. A significant decline occurred by February 2023, reaching US$76.67, followed by a partial recovery to US$129.51 in February 2024. Further slight declines are observed in February 2025 and February 2026, settling at US$121.78.
- Operating Profit per Share
- Operating profit per share consistently remained negative from February 2020 through February 2023. The negative values decreased in magnitude from -US$0.07 to -US$0.18. A positive value of US$0.16 is recorded for February 2025, but this is followed by a negative value of -US$0.13 in February 2026.
- P/OP Ratio
- The P/OP ratio is only calculated for February 2025, registering at 797.11. This exceptionally high ratio suggests that investors were willing to pay a substantial premium for each dollar of operating profit during that period. The absence of a ratio calculation for other periods limits comprehensive trend analysis, but the available value indicates a period of potentially inflated valuation relative to operating profitability.
The combination of negative or low operating profit per share and a fluctuating share price results in a highly variable P/OP ratio. The single calculated value in February 2025 is exceptionally high, potentially indicating speculative investment or expectations of future profitability improvements. The subsequent return to an uncalculated ratio suggests a return to a period of lower or negative operating profitability.
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Comparison to Competitors
| Datadog Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 18, 2026 | — | 14.62 | 14.34 | 33.47 | 54.20 | — | 37.87 | 29.68 | 33.50 | 224.99 | 102.53 | 38.94 | 66.94 | 100.63 | 155.71 |
| Feb 20, 2025 | 797.11 | 23.52 | 26.38 | 58.16 | 52.42 | — | 48.11 | 28.73 | 25.65 | 941.61 | 159.88 | 58.80 | 152.95 | 56.25 | 381.31 |
| Feb 23, 2024 | — | 21.69 | 40.52 | 31.12 | 65.43 | — | 49.04 | 27.76 | 25.30 | 431.61 | 193.40 | 177.62 | 206.26 | 67.90 | — |
| Feb 24, 2023 | — | 16.83 | 25.85 | — | 47.21 | — | 46.05 | 24.72 | 16.51 | — | — | 357.52 | 260.27 | 43.85 | — |
| Feb 25, 2022 | — | 28.35 | 40.64 | 111.61 | 48.13 | — | 62.00 | 30.79 | 14.31 | — | — | 431.39 | 436.46 | 75.64 | — |
| Mar 1, 2021 | — | 22.21 | 51.75 | — | 57.54 | — | 41.56 | 29.30 | 12.17 | — | — | 511.08 | 583.08 | 59.90 | — |
| Feb 25, 2020 | — | 18.63 | 51.63 | — | 40.67 | — | 40.45 | 24.54 | 13.83 | — | — | 223.46 | 1,590.34 | 40.48 | — |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).