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Sells industrial software for designing, building, operating and protecting physical assets, spun off from Hexagon in 2026.
Sells industrial software for designing, building, operating and protecting physical assets, spun off from Hexagon in 2026.
Earns from software licences, subscriptions and maintenance for tools that engineers use to design and run industrial assets, so renewals on existing deployments form the base. It came out of Hexagon, the Swedish measurement-technology group.
Moat: narrow (switching costs, installed base, process know-how). Long-lived engineering and asset-management deployments across industrial customers are costly to replace.
Headquarters: Madison, Alabama, United States · Founded: 2026 · Employees: 7,200
Size Octave Intelligence (OCTV) is a United States Information Technology company (Packaged Software) with a market value of $5.60B, the 1109th largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.85 on 6 Nov 2026.
Growth Revenue grew 1.3% over the last twelve months (peer median +11.2%); the operating margin is 20.2% (peer median 16.8%).
Valuation It trades at 14.7× forward earnings against a peer median of 18.9× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.8 points below its cost of capital (13.6% WACC).
Short interest Short interest is 1.7% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | $1.64B | $1.62B | $1.55B |
| Revenue growth | — | +1% | +4% | — |
| Gross profit | n/a | $1.07B | $1.05B | $986M |
| EBITDA | n/a | $498M | $529M | $461M |
| Net income | n/a | $248M | $311M | $246M |
| Free cash flow | n/a | $456M | $495M | $427M |
| Capital expenditure | n/a | $146M | $142M | $132M |
| Total debt | $698M | $52.5M | $60.7M | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Octave Intelligence OCTV | $5.60B | n/a | +1% | 20% | 14.7× | 17.0% |
| Bentley Systems BSY | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% |
| Autodesk ADSK | $54.7B | +7% | +19% | 23% | 20.1× | 18.1% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
| Sap SAP.DE | $276B | +49% | +8% | 29% | 29.8× | 14.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OCTV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.0% | +5.2% | 11th highest of 21 |
| Distance from 52-week high | -23.9% | -33.7% | 8th highest of 21 |
| Revenue growth (TTM) | +1.3% | +11.2% | 5th lowest of 21 |
| Operating margin | 20.2% | 16.8% | 8th highest of 21 |
| Forward P/E | 14.7× | 18.9× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 17.0% | 10.4% | 6th most demanding of 21 |
| Growth delivered (Del g) | +1.3% | +15.3% | 2nd lowest of 21 |
| Hurdle (Req g minus delivered) | +15.6 pp | -6.1 pp | 4th most demanding of 21 |
| ROIC minus cost of capital | -8.8 pp | +2.6 pp | 3rd lowest of 19 |
| EV / EBITDA | 12.0× | 15.1× | 4th cheapest of 13 |
| Net debt / EBITDA | 0.8× | 0.3× | 6th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Octave Intelligence OCTV | United States | $5.60B | n/a | +1% | 20% | 14.7× | 17.0% | +1.3% |
| Giant Network 002558.SZ | China | $5.61B | -35% | +105% | 48% | 10.0× | -2.1% | +17.9% |
| Varonis Systems VRNS | United States | $5.63B | +71% | +18% | -25% | 138.0× | 23.0% | +16.3% |
| Kingnet Network 002517.SZ | China | $5.47B | -4% | +62% | 29% | 13.7× | 6.3% | +28.1% |
| Waystar WAY | United States | $5.45B | +33% | +21% | 24% | 15.8× | 7.5% | +16.0% |
| Doximity DOCS | United States | $5.79B | +25% | +11% | 31% | 23.3× | 16.3% | +25.5% |
| Trend Micro 4704.T | Japan | $5.39B | +18% | +7% | 18% | 27.4× | -4.1% | +9.7% |
| Klaviyo KVYO | United States | $5.90B | +36% | +29% | -2% | 19.7× | 7.0% | +37.7% |
| 37 Interactive Entertainment Network Technology 002555.SZ | China | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% | +2.1% |
| Shanghai Baosight Software 600845.SS | China | $5.97B | -24% | +11% | 10% | 30.3× | 6.9% | +1.4% |
| AutoStore AUTO.OL | Norway | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% | +27.0% |
| NIQ Global Intelligence NIQ | United States | $6.02B | +5% | +9% | 8% | 17.1× | 10.9% | +14.6% |
| Hundsun Technologies 600570.SS | China | $6.05B | -20% | -5% | 9% | 30.1× | 34.8% | +7.0% |
| ACI Worldwide ACIW | United States | $6.06B | +32% | +7% | 19% | 22.9× | 11.8% | +6.3% |
| Bilibili 9626.HK | Hong Kong | $6.06B | -36% | +11% | 4% | 14.2× | 7.3% | +19.5% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 40.8× | 33.6% | -8.6% |
| Dolby Laboratories DLB | United States | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% | +3.0% |
| Open Text OTEX.TO | Canada | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% | +10.8% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 22.4× | 28.7% | +10.6% |
| RingCentral RNG | United States | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% | +16.3% |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 18.1× | 15.6% | +36.8% |