Fivetran vs dbt Labs

Side-by-side comparison of model-estimated upside.

Fivetran

-3%

est. 2Y upside i

Data & Analytics

Rank

#3001

Sector

Data Integration, Analytics, SaaS

Est. Liquidity

~3Y

Data Quality

Data: Medium

Fivetran is a category-defining business with $325M ARR growing 33% YoY and marquee enterprise customers, but the $12.79B secondary valuation (39.4x ARR) is priced well above where comparable data infrastructure companies trade publicly (8-15x ARR), embedding a significant multiple-compression headwind even in a strong growth scenario.

Last updated: May 5, 2026

dbt Labs

-9%

est. 2Y upside i

DevOps & InfraSeries D+

Rank

#2794

Sector

Data Infrastructure

Est. Liquidity

~3Y

Data Quality

Data: Medium

Given the negative expected return (-8.6%), moderate confidence, and high risk, the equity upside is unattractive over a 2-year horizon.

Last updated: July 3, 2026

Upside Comparison

Expected Upside

Fivetran
-3%
dbt Labs
-9%

Disclaimer: These rankings are AI-generated estimates and do not constitute financial or career advice. Always conduct your own due diligence.