NCNO vs. SAIL

Last updated Apr 2, 2026

Compare and contrast key facts about nCino, Inc. (NCNO) and SailPoint, Inc (SAIL).

Performance

NCNO vs. SAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in nCino, Inc. (NCNO) and SailPoint, Inc (SAIL). The values are adjusted to include any dividend payments, if applicable.

NCNO vs. SAIL - Yearly Performance Comparison

	2026 (YTD)	2025
NCNO nCino, Inc.	-35.37%	-25.47%
SAIL SailPoint, Inc	-33.96%	-8.05%

Fundamentals

Market Cap NCNO : $1.91B SAIL : $7.45B
EPS NCNO : $0.04 SAIL : -$0.55
PS Ratio NCNO : 3.22 SAIL : 7.07
PB Ratio NCNO : 1.81 SAIL : 1.09
Total Revenue (TTM) NCNO : $594.78M SAIL : $1.02B
Gross Profit (TTM) NCNO : $360.17M SAIL : $671.42M
EBITDA (TTM) NCNO : $54.01M SAIL : $45.07M

Returns By Period

The year-to-date returns for both investments are quite close, with NCNO having a -35.37% return and SAIL slightly higher at -33.96%.

NCNO

• 1D: 10.61%
• 1M: 2.73%
• YTD: -35.37%
• 6M: -36.63%
• 1Y: -41.07%
• 3Y*: -12.55%
• 5Y*: -24.90%
• 10Y*: —

SAIL

• 1D: 0.91%
• 1M: -6.83%
• YTD: -33.96%
• 6M: -41.38%
• 1Y: -26.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

NCNO vs. SAIL — Risk / Return Rank

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

NCNO

NCNO Risk / Return Rank: 10
NCNO Sharpe Ratio Rank: 7
NCNO Sortino Ratio Rank: 9
NCNO Omega Ratio Rank: 9
NCNO Calmar Ratio Rank: 17
NCNO Martin Ratio Rank: 8

SAIL

SAIL Risk / Return Rank: 19
SAIL Sharpe Ratio Rank: 19
SAIL Sortino Ratio Rank: 21
SAIL Omega Ratio Rank: 21
SAIL Calmar Ratio Rank: 21
SAIL Martin Ratio Rank: 13

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.

NCNO vs. SAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for nCino, Inc. (NCNO) and SailPoint, Inc (SAIL). 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.

	NCNO	SAIL	Difference
Sharpe ratio Return per unit of total volatility	-0.84	-0.48	-0.36
Sortino ratio Return per unit of downside risk	-1.11	-0.37	-0.74
Omega ratio Gain probability vs. loss probability	0.86	0.95	-0.10
Calmar ratio Return relative to maximum drawdown	-0.69	-0.56	-0.14
Martin ratio Return relative to average drawdown	-1.53	-1.33	-0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCNO vs. SAIL - Sharpe Ratio Comparison

The current NCNO Sharpe Ratio is -0.84, which is lower than the SAIL Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of NCNO and SAIL, 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

	NCNO	SAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	-0.48	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.62	+0.15

Correlation

The correlation between NCNO and SAIL is 0.45, 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

NCNO vs. SAIL - Dividend Comparison

Neither NCNO nor SAIL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NCNO vs. SAIL - Drawdown Comparison

The maximum NCNO drawdown since its inception was -85.71%, which is greater than SAIL's maximum drawdown of -54.20%. Use the drawdown chart below to compare losses from any high point for NCNO and SAIL.

Drawdown Indicators

	NCNO	SAIL	Difference
Max Drawdown Largest peak-to-trough decline	-85.71%	-54.20%	-31.51%
Max Drawdown (1Y) Largest decline over 1 year	-57.14%	-51.48%	-5.66%
Max Drawdown (5Y) Largest decline over 5 years	-82.07%	—	—
Current Drawdown Current decline from peak	-83.10%	-48.02%	-35.08%
Average Drawdown Average peak-to-trough decline	-58.34%	-24.56%	-33.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.92%	21.62%	+4.30%

Volatility

NCNO vs. SAIL - Volatility Comparison

The current volatility for nCino, Inc. (NCNO) is 17.69%, while SailPoint, Inc (SAIL) has a volatility of 22.61%. This indicates that NCNO experiences smaller price fluctuations and is considered to be less risky than SAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCNO	SAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.69%	22.61%	-4.92%
Volatility (6M) Calculated over the trailing 6-month period	35.10%	40.82%	-5.72%
Volatility (1Y) Calculated over the trailing 1-year period	49.19%	56.51%	-7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.21%	57.49%	-4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.44%	57.49%	-3.05%

Financials

NCNO vs. SAIL - Profitability Comparison

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

NCNO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, nCino, Inc. reported a gross profit of 91.92M and revenue of 149.67M. Therefore, the gross margin over that period was 61.4%.

SAIL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SailPoint, Inc reported a gross profit of 187.05M and revenue of 281.94M. Therefore, the gross margin over that period was 66.3%.

NCNO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, nCino, Inc. reported an operating income of 2.82M and revenue of 149.67M, resulting in an operating margin of 1.9%.

SAIL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SailPoint, Inc reported an operating income of -41.62M and revenue of 281.94M, resulting in an operating margin of -14.8%.

NCNO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, nCino, Inc. reported a net income of 8.34M and revenue of 149.67M, resulting in a net margin of 5.6%.

SAIL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SailPoint, Inc reported a net income of -35.98M and revenue of 281.94M, resulting in a net margin of -12.8%.