New Relic Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of New Relic Inc (NEWR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: New Relic Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 967M vs 1,937,417M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.1% annualized vs trailing 12 months), vs decelerating (-26.3%) for its tracked peer group.
- Growth: New Relic Inc generated 6.7% revenue growth year over year in Q2 2023, vs 10.5% for its tracked competitors combined.
- Profitability: Its -6.9% net margin compares with 18.0% for the peer group.
- Peer revenue share: New Relic Inc accounted for 0.1% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.69M compares with $0.77M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NEWR Sales vs. its Competitors, Q2 2023
New Relic Inc reported revenue growth of 6.67 % year on year in Q2 2023, below its competitors' combined revenue growth of 10.47 %.
With a net margin of -6.92 %, New Relic Inc reported lower profitability than its competitors (18.01 %).
New Relic Inc generated 0.07 % of the combined sales of its peer group, up from 0.07 % a year earlier.
New Relic Inc vs. its Competitors, Q2 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across New Relic Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| New Relic Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across New Relic Inc's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.4% year over year, combined, vs 6.7% for New Relic Inc. New Relic Inc's share of combined industry revenue moved from 0.08% to 0.08%, a loss of 0.01 percentage points.
New Relic Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| New Relic Inc | No | Yes | Yes | No |
| Competitors combined (24) | ||||
| High-Confidence Competitors (11) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 14.30 % (1 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NEWR Stock Performance relative to its Competitors
NEWR Stock Performance relative to High-Confidence Competitors
NEWR Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Datadog Inc | 282.9% | Outperformed |
| 2 | Riskified Ltd | 282.9% | Outperformed |
| 3 | Solarwinds Corporation | 282.9% | Outperformed |
| 4 | Cloudflare Inc | 282.9% | Outperformed |
| 5 | Cisco Systems Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for New Relic Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
New Relic Inc's Comment on Competition and Industry Peers
Our competitors fall into four primary categories:
performance monitoring providers such as AppDynamics, Inc. (an operating division of Cisco Systems, Inc.), Datadog, Inc., Dynatrace LLC, and Splunk Inc.;
diversified technology companies such as International Business Machines Corporation, Microsoft Corporation, and Oracle Corporation;
large enterprise software and service companies such as BMC Software, Inc. and CA, Inc.; and
companies offering analytics products competing with our New Relic Insights product, including Amazon Web Services, Inc., and Google Inc.
The principal competitive factors in our market include:
product and platform features, architecture, reliability, security, performance, effectiveness, and supported environments;
product extensibility and ability to integrate with other technology infrastructures;
digital operations expertise;
ease of use of products and platform capabilities;
total cost of ownership;
adherence to industry standards and certifications;
strength of sales and marketing efforts;
brand awareness and reputation; and
focus on customer success.
We believe we generally compete favorably with our competitors on the basis of these factors. Many of our competitors have substantially greater financial, technical, and other resources, greater name recognition, larger sales and marketing budgets, broader distribution, and larger and more mature intellectual property portfolios.
Publicly Traded Peers of New Relic Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| New Relic Inc | 6,131.40 | 966.93 |
| Alphabet Inc | 4,228,203.05 | 445,866.00 |
| Microsoft Corporation | 3,843,735.69 | 331,839.00 |
| Amazon com Inc | 2,683,773.45 | 776,231.00 |
| Broadcom Inc | 1,734,630.88 | 89,104.00 |
| Palantir Technologies Inc | 484,428.72 | 6,156.87 |
| SUBTOTAL | 14,399,252.11 | 1,938,684.29 |
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Sources: New Relic Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on New Relic Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
New Relic Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cisco Systems, Inc. | Named by the company | 85% |
| Solarwinds Corporation | Named by the company | 85% |
| Datadog Inc | Named by the company | 85% |
| Broadcom, Inc. | Named by the company | 85% |
| Elastic N v | Named by the company | 85% |
| BMC Software, Inc. | Named by the company | 85% |
| Microsoft Corporation | Named by the company | 85% |
| Amazon Web Services, Inc. | Named by the company | 85% |
| Google LLC | Named by the company | 85% |
| Broadcom, Inc. | Named by the company | 85% |
| Dynatrace Inc | Named by the company | 85% |
| Splunk Inc. | Named by the company | 85% |
| AppDynamics, Inc. | Named by the company | 85% |
| International Business Machines Corporation | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for New Relic Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
New Relic Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Alphabet Inc | Google Services 85.60 % |
| Microsoft Corporation | Productivity and Business Processes 42.19 % |
| Amazon com Inc | North America 57.75 % |
| Broadcom Inc | Semiconductor Solutions 64.81 % |
| Palantir Technologies Inc | Government Operating 51.15 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
New Relic Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| New Relic Inc | 6,131 | 690,665 | -92,243 |
| Alphabet Inc | 4,228,203 | 9,645,768 | 5,283,078 |
| Microsoft Corporation | 3,843,736 | 1,488,067 | 599,771 |
| Amazon com Inc | 2,683,773 | 492,532 | 85,838 |
| Broadcom Inc | 1,734,631 | 2,700,121 | 1,159,545 |
| Palantir Technologies Inc | 484,429 | 1,390,126 | 684,290 |
| PEERS TOTAL | 14,393,121 | 768,784 | 238,730 |
New Relic Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| New Relic Inc | United States 61.75 % |
| Alphabet Inc | United States 47.77 % |
| Microsoft Corporation | US 51.47 % |
| Broadcom Inc | Asia Pacific 60.15 % |
| Oracle Corporation | Americas 63.46 % |
| International Business Machines Corporation | Americas 49.04 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
New Relic Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (343 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 76.82 % | 64.29 % (avg) | +12.5 pp |
| Operating Margin | -14.25 % | industry median | +0.0 pp |
| EBITDA Margin | -0.68 % | 2.54 % (avg) | -3.2 pp |
| Capital Intensity (Capex / Revenue) | - | 4.79 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
New Relic Inc's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (343 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Software & Programming industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 39.4x | - |
| EV / EBITDA | - | 21.7x | - |
| P/B | 16.9x | 5.4x | +11.5x |
| Return on Equity | -36.30 % | industry aggregate | -55.48 % |
| Return on Invested Capital | -17.01 % | -0.26 % (avg) | -16.75 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
New Relic Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | - | 35.98 % | 35.05 % | 28.36 % | 14.46 % | 14.94 % | 18.13 % |
| Operating Margin | -27.02 % | -16.47 % | -5.66 % | -12.83 % | -22.08 % | -30.18 % | -20.90 % |
| Return on Invested Capital | -16.94 % | -12.35 % | -2.82 % | -6.14 % | -11.05 % | -17.58 % | -21.63 % |
| P/E | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
New Relic Inc's Strategic Group Map
Every company in New Relic Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. New Relic Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
New Relic Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
New Relic Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
New Relic Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 55.5 points below the industry aggregate.
Opportunities
- Industry revenue growing at a healthy 11.2% median pace.
- A meaningful share of tracked competitors (31.80 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-26.3% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
New Relic Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| New Relic Inc | 0.62 | 1.26 | 0.70 |
| Alphabet Inc | 0.55 | 2.13 | 0.13 |
| Microsoft Corporation | 0.13 | 1.31 | 0.11 |
| Amazon com Inc | 0.38 | 1.07 | 0.21 |
| Broadcom Inc | 0.99 | 2.05 | 0.75 |
| Palantir Technologies Inc | 1.40 | 6.94 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
New Relic Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| New Relic Inc | Q3 2023 | +6.7 % | - |
| Alphabet Inc | Q2 2026 | +24.2 % | +297.9 % |
| Microsoft Corporation | Q2 2026 | +17.7 % | +31.3 % |
| Amazon com Inc | Q2 2026 | +19.9 % | +244.9 % |
| Broadcom Inc | Q2 2026 | +85.5 % | +216.1 % |
| Palantir Technologies Inc | Q2 2026 | +93.0 % | +224.4 % |
| PEERS TOTAL | +22.2 % | +174.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
New Relic Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| New Relic Inc | Q3 2023 | -19.7 % | -41.0 % |
| Alphabet Inc | Q2 2026 | +17.7 % | +100.1 % |
| Microsoft Corporation | Q2 2026 | +22.9 % | +109.6 % |
| Amazon com Inc | Q2 2026 | +18.5 % | +300.3 % |
| Broadcom Inc | Q2 2026 | +74.0 % | +274.6 % |
| Palantir Technologies Inc | Q2 2026 | +54.6 % | +90.6 % |
New Relic Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| New Relic Inc | - | - | - |
| Alphabet Inc | 35.42% | 42.01% | 50.84% |
| Microsoft Corporation | 19.76% | 22.48% | 34.22% |
| Amazon com Inc | 15.21% | 23.40% | 30.50% |
| Broadcom Inc | 21.57% | 24.07% | 43.74% |
| Palantir Technologies Inc | 31.17% | 34.61% | 37.17% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
New Relic Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| New Relic Inc | - | 6.34 |
| Alphabet Inc | 17.25 | 9.48 |
| Microsoft Corporation | 28.73 | 11.58 |
| Amazon com Inc | 19.79 | 3.46 |
| Broadcom Inc | 45.22 | 19.47 |
| Palantir Technologies Inc | 161.19 | 78.68 |
| PEERS AVERAGE | 23.94 | 7.43 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.