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Side-by-side financial comparison of COMERICA INC (CMA) and Okta, Inc. (OKTA). Click either name above to swap in a different company.

COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $742.0M, roughly 1.1× Okta, Inc.). COMERICA INC runs the higher net margin — 21.0% vs 5.8%, a 15.2% gap on every dollar of revenue. On growth, Okta, Inc. posted the faster year-over-year revenue change (11.6% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 10.7%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

Okta, Inc. is an American identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, websites, web services, and devices. It was founded in 2009 and had its initial public offering in 2017, reaching a valuation of over $6 billion.

CMA vs OKTA — Head-to-Head

Bigger by revenue
CMA
CMA
1.1× larger
CMA
$838.0M
$742.0M
OKTA
Growing faster (revenue YoY)
OKTA
OKTA
+8.2% gap
OKTA
11.6%
3.3%
CMA
Higher net margin
CMA
CMA
15.2% more per $
CMA
21.0%
5.8%
OKTA
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
10.7%
OKTA

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
CMA
CMA
OKTA
OKTA
Revenue
$838.0M
$742.0M
Net Profit
$176.0M
$43.0M
Gross Margin
77.1%
Operating Margin
3.1%
Net Margin
21.0%
5.8%
Revenue YoY
3.3%
11.6%
Net Profit YoY
-4.3%
168.8%
EPS (diluted)
$1.35
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMA
CMA
OKTA
OKTA
Q4 25
$742.0M
Q3 25
$838.0M
$728.0M
Q2 25
$849.0M
$688.0M
Q1 25
$829.0M
$682.0M
Q4 24
$825.0M
$665.0M
Q3 24
$811.0M
$646.0M
Q2 24
$824.0M
$617.0M
Q1 24
$784.0M
$605.0M
Net Profit
CMA
CMA
OKTA
OKTA
Q4 25
$43.0M
Q3 25
$176.0M
$67.0M
Q2 25
$199.0M
$62.0M
Q1 25
$172.0M
$23.0M
Q4 24
$170.0M
$16.0M
Q3 24
$184.0M
$29.0M
Q2 24
$206.0M
$-40.0M
Q1 24
$138.0M
$-44.0M
Gross Margin
CMA
CMA
OKTA
OKTA
Q4 25
77.1%
Q3 25
76.9%
Q2 25
77.5%
Q1 25
76.8%
Q4 24
76.4%
Q3 24
76.0%
Q2 24
76.0%
Q1 24
76.0%
Operating Margin
CMA
CMA
OKTA
OKTA
Q4 25
3.1%
Q3 25
5.6%
Q2 25
5.7%
Q1 25
1.2%
Q4 24
-2.4%
Q3 24
-2.9%
Q2 24
-7.6%
Q1 24
-13.7%
Net Margin
CMA
CMA
OKTA
OKTA
Q4 25
5.8%
Q3 25
21.0%
9.2%
Q2 25
23.4%
9.0%
Q1 25
20.7%
3.4%
Q4 24
20.6%
2.4%
Q3 24
22.7%
4.5%
Q2 24
25.0%
-6.5%
Q1 24
17.6%
-7.3%
EPS (diluted)
CMA
CMA
OKTA
OKTA
Q4 25
$0.24
Q3 25
$1.35
$0.37
Q2 25
$1.42
$0.35
Q1 25
$1.25
$0.15
Q4 24
$1.22
$0.00
Q3 24
$1.33
$0.15
Q2 24
$1.49
$-0.24
Q1 24
$0.98
$-0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMA
CMA
OKTA
OKTA
Cash + ST InvestmentsLiquidity on hand
$2.5B
Total DebtLower is stronger
$5.4B
Stockholders' EquityBook value
$7.4B
$6.9B
Total Assets
$77.4B
$9.2B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
OKTA
OKTA
Q4 25
$2.5B
Q3 25
$2.9B
Q2 25
$2.7B
Q1 25
$2.5B
Q4 24
$2.2B
Q3 24
$2.4B
Q2 24
$2.3B
Q1 24
$2.2B
Total Debt
CMA
CMA
OKTA
OKTA
Q4 25
Q3 25
$5.4B
Q2 25
$5.8B
Q1 25
$5.7B
Q4 24
$6.7B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$7.1B
Stockholders' Equity
CMA
CMA
OKTA
OKTA
Q4 25
$6.9B
Q3 25
$7.4B
$6.8B
Q2 25
$6.9B
$6.6B
Q1 25
$7.1B
$6.4B
Q4 24
$6.5B
$6.3B
Q3 24
$7.4B
$6.1B
Q2 24
$6.2B
$6.0B
Q1 24
$6.0B
$5.9B
Total Assets
CMA
CMA
OKTA
OKTA
Q4 25
$9.2B
Q3 25
$77.4B
$9.6B
Q2 25
$78.0B
$9.4B
Q1 25
$77.6B
$9.4B
Q4 24
$79.3B
$9.0B
Q3 24
$79.7B
$9.1B
Q2 24
$79.6B
$9.0B
Q1 24
$79.4B
$9.0B
Debt / Equity
CMA
CMA
OKTA
OKTA
Q4 25
Q3 25
0.73×
Q2 25
0.84×
Q1 25
0.81×
Q4 24
1.02×
Q3 24
0.92×
Q2 24
1.15×
Q1 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMA
CMA
OKTA
OKTA
Operating Cash FlowLast quarter
$-270.0M
$218.0M
Free Cash FlowOCF − Capex
$214.0M
FCF MarginFCF / Revenue
28.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
-1.53×
5.07×
TTM Free Cash FlowTrailing 4 quarters
$904.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
OKTA
OKTA
Q4 25
$218.0M
Q3 25
$-270.0M
$167.0M
Q2 25
$476.0M
$241.0M
Q1 25
$273.0M
$286.0M
Q4 24
$601.0M
$159.0M
Q3 24
$1.0B
$86.0M
Q2 24
$111.0M
$219.0M
Q1 24
$-205.0M
$174.0M
Free Cash Flow
CMA
CMA
OKTA
OKTA
Q4 25
$214.0M
Q3 25
$165.0M
Q2 25
$240.0M
Q1 25
$285.0M
Q4 24
$158.0M
Q3 24
$81.0M
Q2 24
$218.0M
Q1 24
$171.0M
FCF Margin
CMA
CMA
OKTA
OKTA
Q4 25
28.8%
Q3 25
22.7%
Q2 25
34.9%
Q1 25
41.8%
Q4 24
23.8%
Q3 24
12.5%
Q2 24
35.3%
Q1 24
28.3%
Capex Intensity
CMA
CMA
OKTA
OKTA
Q4 25
0.5%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.8%
Q2 24
0.2%
Q1 24
0.5%
Cash Conversion
CMA
CMA
OKTA
OKTA
Q4 25
5.07×
Q3 25
-1.53×
2.49×
Q2 25
2.39×
3.89×
Q1 25
1.59×
12.43×
Q4 24
3.54×
9.94×
Q3 24
5.70×
2.97×
Q2 24
0.54×
Q1 24
-1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMA
CMA

Segment breakdown not available.

OKTA
OKTA

Subscription And Circulation$724.0M98%
Technology Service$18.0M2%

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