EXTR vs. GTLB

Last updated Apr 2, 2026

Compare and contrast key facts about Extreme Networks, Inc. (EXTR) and GitLab Inc. (GTLB).

Performance

EXTR vs. GTLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Extreme Networks, Inc. (EXTR) and GitLab Inc. (GTLB). The values are adjusted to include any dividend payments, if applicable.

EXTR vs. GTLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EXTR Extreme Networks, Inc.	-8.71%	-0.54%	-5.10%	-3.66%	16.62%	51.11%
GTLB GitLab Inc.	-41.43%	-33.40%	-10.50%	38.56%	-47.77%	-16.26%

Fundamentals

Market Cap EXTR : $2.06B GTLB : $3.72B
EPS EXTR : $0.07 GTLB : -$0.34
PS Ratio EXTR : 1.68 GTLB : 3.83
PB Ratio EXTR : 21.45 GTLB : 3.75
Total Revenue (TTM) EXTR : $1.22B GTLB : $955.22M
Gross Profit (TTM) EXTR : $747.61M GTLB : $834.48M
EBITDA (TTM) EXTR : $55.22M GTLB : -$62.25M

Returns By Period

In the year-to-date period, EXTR achieves a -8.71% return, which is significantly higher than GTLB's -41.43% return.

EXTR

• 1D: 0.80%
• 1M: 6.67%
• YTD: -8.71%
• 6M: -27.20%
• 1Y: 15.77%
• 3Y*: -7.36%
• 5Y*: 11.40%
• 10Y*: 17.19%

GTLB

• 1D: 1.57%
• 1M: -16.07%
• YTD: -41.43%
• 6M: -50.17%
• 1Y: -53.87%
• 3Y*: -13.78%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

EXTR vs. GTLB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXTR

EXTR Risk / Return Rank: 50
EXTR Sharpe Ratio Rank: 54
EXTR Sortino Ratio Rank: 48
EXTR Omega Ratio Rank: 50
EXTR Calmar Ratio Rank: 50
EXTR Martin Ratio Rank: 49

GTLB

GTLB Risk / Return Rank: 6
GTLB Sharpe Ratio Rank: 5
GTLB Sortino Ratio Rank: 6
GTLB Omega Ratio Rank: 7
GTLB Calmar Ratio Rank: 9
GTLB Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXTR vs. GTLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Extreme Networks, Inc. (EXTR) and GitLab Inc. (GTLB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EXTR	GTLB	Difference
Sharpe ratio Return per unit of total volatility	0.36	-0.95	+1.31
Sortino ratio Return per unit of downside risk	0.78	-1.45	+2.23
Omega ratio Gain probability vs. loss probability	1.11	0.83	+0.29
Calmar ratio Return relative to maximum drawdown	0.37	-0.86	+1.23
Martin ratio Return relative to average drawdown	0.72	-1.95	+2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXTR vs. GTLB - Sharpe Ratio Comparison

The current EXTR Sharpe Ratio is 0.36, which is higher than the GTLB Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of EXTR and GTLB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EXTR	GTLB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	-0.95	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.40	+0.36

Correlation

The correlation between EXTR and GTLB is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EXTR vs. GTLB - Dividend Comparison

Neither EXTR nor GTLB has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

EXTR vs. GTLB - Drawdown Comparison

The maximum EXTR drawdown since its inception was -99.15%, which is greater than GTLB's maximum drawdown of -84.45%. Use the drawdown chart below to compare losses from any high point for EXTR and GTLB.

Drawdown Indicators

	EXTR	GTLB	Difference
Max Drawdown Largest peak-to-trough decline	-99.15%	-84.45%	-14.70%
Max Drawdown (1Y) Largest decline over 1 year	-39.87%	-61.91%	+22.04%
Max Drawdown (5Y) Largest decline over 5 years	-67.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.53%	—	—
Current Drawdown Current decline from peak	-87.74%	-83.21%	-4.53%
Average Drawdown Average peak-to-trough decline	-89.05%	-60.20%	-28.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.64%	27.25%	-6.61%

Volatility

EXTR vs. GTLB - Volatility Comparison

The current volatility for Extreme Networks, Inc. (EXTR) is 7.89%, while GitLab Inc. (GTLB) has a volatility of 13.90%. This indicates that EXTR experiences smaller price fluctuations and is considered to be less risky than GTLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXTR	GTLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.89%	13.90%	-6.01%
Volatility (6M) Calculated over the trailing 6-month period	28.53%	40.65%	-12.12%
Volatility (1Y) Calculated over the trailing 1-year period	43.72%	56.82%	-13.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.14%	74.57%	-28.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.32%	74.57%	-21.25%

Financials

EXTR vs. GTLB - Profitability Comparison

The chart below illustrates the profitability comparison between Extreme Networks, Inc. and GitLab Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EXTR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Extreme Networks, Inc. reported a gross profit of 195.08M and revenue of 317.93M. Therefore, the gross margin over that period was 61.4%.

GTLB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, GitLab Inc. reported a gross profit of 225.42M and revenue of 260.40M. Therefore, the gross margin over that period was 86.6%.

EXTR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Extreme Networks, Inc. reported an operating income of 12.99M and revenue of 317.93M, resulting in an operating margin of 4.1%.

GTLB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, GitLab Inc. reported an operating income of -5.16M and revenue of 260.40M, resulting in an operating margin of -2.0%.

EXTR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Extreme Networks, Inc. reported a net income of 7.88M and revenue of 317.93M, resulting in a net margin of 2.5%.

GTLB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, GitLab Inc. reported a net income of -2.60M and revenue of 260.40M, resulting in a net margin of -1.0%.