Oracle Stock vs Competition: Who Wins?
Oracle‘s stock has largely underperformed peers over the past year, but how does it truly stack up against cloud and enterprise software rivals as of February 18, 2026? A closer look reveals robust operating margins and moderate revenue growth. However, a comparatively higher PE and a significantly negative free cash flow margin raise concerns about its fundamental strength and future upside against hyperscale leaders like Microsoft and Google, especially due to aggressive AI infrastructure spending.
- ORCL’s 31.9% operating margin is robust due to cloud/AI demand and enterprise contracts, though below MSFT’s 46.7% from its broader cloud/AI platform.
- ORCL’s 11.1% LTM revenue growth, driven by OCI’s AI/multi-cloud demand, outpaces CRM/IBM but lags MSFT/AMZN/GOOGL’s broader cloud and AI platform scale.
- ORCL’s 12.3% stock drop and 29.0 PE reflect market concerns over high capex, negative FCF, and slow revenue conversion from vast AI cloud infrastructure.
Here’s how Oracle stacks up across size, valuation, and profitability versus key peers.
| ORCL | MSFT | AMZN | CRM | GOOGL | IBM | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 447.3 | 2,969.4 | 2,193.3 | 178.0 | 3,662.4 | 243.5 |
| Revenue ($ Bil) | 61.0 | 305.5 | 716.9 | 40.3 | 402.8 | 65.4 |
| PE Ratio | 29.0 | 24.9 | 28.2 | 24.7 | 27.7 | 30.8 |
| LTM Revenue Growth | 11.1% | 16.7% | 12.4% | 8.4% | 15.1% | 4.5% |
| LTM Operating Margin | 31.9% | 46.7% | 11.2% | 22.0% | 32.0% | 17.7% |
| LTM FCF Margin | -21.6% | 25.3% | 1.1% | 32.0% | 18.2% | 18.1% |
| 12M Market Return | -12.3% | -1.7% | -9.6% | -42.5% | 65.7% | 1.6% |
For more details on Oracle, read Buy or Sell ORCL Stock. Below we compare ORCL’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ORCL | 11.1% | 8.4% | 6.0% | 17.7% | |
| MSFT | 16.7% | 14.9% | 15.7% | 6.9% | |
| AMZN | 12.4% | 12.4% | 11.0% | 11.8% | |
| CRM | 8.4% | 8.7% | 11.2% | 18.3% | |
| GOOGL | 15.1% | 15.1% | 13.9% | 8.7% | |
| IBM | 4.5% | – | 1.4% | 2.2% | 5.5% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ORCL | 31.9% | 31.5% | 30.3% | 27.6% | |
| MSFT | 46.7% | 45.6% | 44.6% | 41.8% | |
| AMZN | 11.2% | 11.2% | 10.8% | 6.4% | |
| CRM | 22.0% | 20.2% | 17.2% | 5.9% | |
| GOOGL | 32.0% | 32.0% | 32.1% | 27.4% | |
| IBM | 17.7% | – | 16.1% | 15.9% | 13.5% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ORCL | 29.0 | 43.7 | 43.7 | 33.4 | |
| MSFT | 24.9 | 35.3 | 35.5 | 38.7 | |
| AMZN | 28.2 | 31.7 | 38.8 | 51.5 | |
| CRM | 24.7 | 41.1 | 78.7 | 1255.0 | |
| GOOGL | 27.7 | 28.7 | 23.3 | 23.9 | |
| IBM | 30.8 | – | 45.3 | 26.7 | 90.0 |
Still not sure about ORCL stock? Consider portfolio approach.
Navigate Market Cycles With Asset Allocation, Not Just Stocks
Inflation and market volatility can erode purchasing power over time. A dedicated wealth strategy helps you diversify beyond equities to protect and grow capital.
What if you took advantage of the current commodity super cycle? Is a portfolio of 10% commodities, 10% gold, and 2% crypto, in addition to equities, likely to return more in the next 1-3 years? We’ve crunched the numbers. Our wealth management partner manages exactly these kinds of complex multi-asset strategies, blending real assets with high-performance equity sleeves like the Trefis High Quality Portfolio, which has returned > 105% since inception.