MongoDB, Inc. and Akamai Technologies, Inc. are two leading players in the software infrastructure sector, each driving innovation in data management and cloud services. MongoDB specializes in versatile database platforms, while Akamai focuses on secure content delivery and cloud performance. Their overlapping markets and distinct approaches make this comparison crucial. Join me as we evaluate which company offers the most compelling investment opportunity in 2026.
Table of contents
Companies Overview
I will begin the comparison between MongoDB, Inc. and Akamai Technologies, Inc. by providing an overview of these two companies and their main differences.
MongoDB Overview
MongoDB, Inc. offers a general-purpose database platform globally, including MongoDB Enterprise Advanced for enterprise cloud, on-premise, or hybrid use, and MongoDB Atlas, a multi-cloud database-as-a-service. It also provides a free Community Server version for developers and professional consulting and training services. Founded in 2007, MongoDB is headquartered in New York City and operates in the software infrastructure sector.
Akamai Overview
Akamai Technologies, Inc. specializes in cloud services for securing, delivering, and optimizing internet content and business applications worldwide. Its offerings include cybersecurity, web and mobile performance optimization, media delivery, edge computing, and carrier solutions. Established in 1998 and based in Cambridge, Massachusetts, Akamai serves clients through direct sales and channel partners in the software infrastructure industry.
Key similarities and differences
Both MongoDB and Akamai operate in the software infrastructure sector with a focus on cloud-based solutions. MongoDB centers on database platforms for data management, while Akamai focuses on cloud security, content delivery, and performance optimization. MongoDB’s services target database deployment environments, whereas Akamai emphasizes cybersecurity and edge computing. Each company has a distinct product portfolio addressing complementary aspects of cloud technology infrastructure.
Income Statement Comparison
This table compares the key income statement metrics for MongoDB, Inc. and Akamai Technologies, Inc. for their most recent fiscal years, providing a snapshot of their financial performance.
| Metric | MongoDB, Inc. (MDB) | Akamai Technologies, Inc. (AKAM) |
|---|---|---|
| Market Cap | 32.5B | 13.4B |
| Revenue | 2.01B | 3.99B |
| EBITDA | -97M | 1.26B |
| EBIT | -124M | 614M |
| Net Income | -129M | 505M |
| EPS | -1.73 | 3.34 |
| Fiscal Year | 2025 | 2024 |
Income Statement Interpretations
MongoDB, Inc.
MongoDB’s revenue surged from $590M in 2021 to $2B in 2025, reflecting strong growth of 240% over five years. Despite negative net income throughout, losses narrowed significantly, improving net margin to -6.43% in 2025. The most recent year showed favorable trends with revenue up 19.2% and net margin improving by 38.7%, signaling operational progress despite ongoing losses.
Akamai Technologies, Inc.
Akamai’s revenue grew steadily from $3.2B in 2020 to $3.99B in 2024, a 24.8% increase, but net income declined by 9.4% in the same period. Margins remain positive, with a 12.65% net margin in 2024, though recent growth slowed; revenue rose modestly by 4.7%, while net margin and earnings per share contracted, indicating some pressure on profitability.
Which one has the stronger fundamentals?
MongoDB demonstrates robust revenue expansion and improving margins, albeit from a loss position, with 85.7% favorable income metrics. Akamai, while profitable with positive margins, shows stagnation or declines in net income and margin growth, yielding a 50% unfavorable evaluation. MongoDB’s aggressive growth contrasts with Akamai’s stable but challenged income statement.
Financial Ratios Comparison
Below is a table comparing key financial ratios of MongoDB, Inc. (MDB) and Akamai Technologies, Inc. (AKAM) for their most recent fiscal years, offering insight into profitability, liquidity, valuation, and leverage.
| Ratios | MongoDB, Inc. (2025) | Akamai Technologies, Inc. (2024) |
|---|---|---|
| ROE | -4.64% | 10.35% |
| ROIC | -7.36% | 4.74% |
| P/E | -157.9 | 28.68 |
| P/B | 7.32 | 2.97 |
| Current Ratio | 5.20 | 1.23 |
| Quick Ratio | 5.20 | 1.23 |
| D/E (Debt-to-Equity) | 0.013 | 0.95 |
| Debt-to-Assets | 1.06% | 44.70% |
| Interest Coverage | -26.70 | 19.67 |
| Asset Turnover | 0.58 | 0.38 |
| Fixed Asset Turnover | 24.78 | 1.33 |
| Payout Ratio | 0 | 0 |
| Dividend Yield | 0 | 0 |
Interpretation of the Ratios
MongoDB, Inc.
MongoDB shows a predominance of unfavorable ratios, including negative net margin (-6.43%), ROE (-4.64%), and ROIC (-7.36%), reflecting operational and profitability challenges. The company’s high current ratio (5.2) may indicate inefficient asset use. MongoDB does not pay dividends, likely focusing on reinvestment and growth, supported by a low debt-to-equity ratio (0.01) and solid quick ratio.
Akamai Technologies, Inc.
Akamai presents a more balanced ratio profile with favorable net margin (12.65%) and interest coverage (22.65), though ROIC (4.74%) and asset turnover (0.38) are less strong. Its current and quick ratios are adequate, showing manageable liquidity. Akamai also pays no dividends, possibly prioritizing R&D and acquisitions, given its neutral debt-to-equity (0.95) and stable equity measures.
Which one has the best ratios?
Akamai’s ratios reflect a more stable financial position with balanced favorable and unfavorable metrics, resulting in a neutral overall assessment. In contrast, MongoDB’s ratios are mostly unfavorable, signaling higher financial risk and operational inefficiencies. Thus, Akamai exhibits relatively stronger financial health based on the available ratio data.
Strategic Positioning
This section compares the strategic positioning of MongoDB, Inc. and Akamai Technologies, Inc. regarding Market position, Key segments, and Exposure to technological disruption:
MongoDB, Inc.
- Positioned as a growing cloud database platform with competitive pressure in software infrastructure.
- Key segments include MongoDB Atlas multi-cloud service and other subscriptions driving revenue growth.
- Exposure to disruption via cloud-based database innovation and hybrid deployment options.
Akamai Technologies, Inc.
- Established cloud services provider focusing on security, content delivery, and performance with moderate pressure.
- Single reportable segment delivering cloud security, web performance, media, and edge computing solutions.
- Faces disruption risks in cloud security and edge computing but with diversified service offerings.
MongoDB vs Akamai Positioning
MongoDB pursues growth through diversified cloud database services, emphasizing innovation and subscription revenue. Akamai maintains a concentrated focus on cloud security and content delivery, leveraging established infrastructure but facing profitability challenges.
Which has the best competitive advantage?
Both companies are currently shedding value; however, MongoDB shows improving profitability trends, while Akamai experiences declining returns, indicating a relatively weaker competitive advantage for Akamai based on MOAT evaluation.
Stock Comparison
The stock prices of MongoDB, Inc. (MDB) and Akamai Technologies, Inc. (AKAM) have experienced notable bearish trends with accelerating declines over the past 12 months, followed by strong recent rebounds in the last two and a half months.
Trend Analysis
MongoDB, Inc. exhibited a bearish trend over the past year, with an 11.46% price decrease and accelerating decline. The stock reached a high of 451.52 and a low of 154.39, showing significant volatility with a 72.49 standard deviation.
Akamai Technologies, Inc. also showed a bearish trend over the same period, falling 13.57% with accelerating downward momentum. Its price fluctuated less than MDB, with a standard deviation of 10.92 and a range between 111.0 and 70.53.
Comparing trends, both stocks faced bearish performance overall, but Akamai experienced a larger price drop. Recently, AKAM posted a stronger rebound (+24.49%) than MDB (+11.1%), delivering the higher market performance in the short term.
Target Prices
Analysts present a clear consensus on target prices for MongoDB, Inc. and Akamai Technologies, Inc.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| MongoDB, Inc. | 500 | 375 | 445.2 |
| Akamai Technologies, Inc. | 115 | 89 | 104.8 |
The consensus target prices suggest upside potential for both stocks, with MongoDB’s target consensus about 11% above its current price of $399.76, and Akamai’s target consensus roughly 12% higher than its current $93.49 price. This indicates moderate optimism among analysts.
Analyst Opinions Comparison
This section compares analysts’ ratings and grades for MongoDB, Inc. (MDB) and Akamai Technologies, Inc. (AKAM):
Rating Comparison
MDB Rating
- Rating: C, indicating very favorable status.
- Discounted Cash Flow Score: 2, considered moderate valuation.
- ROE Score: 1, marked very unfavorable for profit generation efficiency.
- ROA Score: 1, very unfavorable asset utilization.
- Debt To Equity Score: 4, favorable balance sheet strength with low financial risk.
- Overall Score: 2, moderate overall financial standing.
AKAM Rating
- Rating: B, indicating very favorable status.
- Discounted Cash Flow Score: 5, considered very favorable valuation.
- ROE Score: 3, moderate efficiency in generating profit from equity.
- ROA Score: 3, moderate effectiveness in asset utilization.
- Debt To Equity Score: 1, very unfavorable due to higher financial risk.
- Overall Score: 3, moderate overall financial standing.
Which one is the best rated?
Based strictly on the provided data, AKAM holds a higher overall rating (B) and better scores in discounted cash flow, ROE, and ROA. MDB shows strength in debt-to-equity but lower scores elsewhere, making AKAM the better rated company overall.
Scores Comparison
Here is a comparison of the Altman Z-Score and Piotroski Score for MongoDB, Inc. and Akamai Technologies, Inc.:
MDB Scores
- Altman Z-Score: 30.24, indicating a safe zone from bankruptcy risk.
- Piotroski Score: 4, classified as average financial strength.
AKAM Scores
- Altman Z-Score: 2.46, placing the company in a grey zone with moderate risk.
- Piotroski Score: 7, classified as strong financial strength.
Which company has the best scores?
Based strictly on the provided data, MDB shows a much higher Altman Z-Score, indicating lower bankruptcy risk, while AKAM exhibits a stronger Piotroski Score, reflecting better financial strength. Each company excels in a different score category.
Grades Comparison
The following presents the recent grades and ratings from recognized financial institutions for MongoDB, Inc. and Akamai Technologies, Inc.:
MongoDB, Inc. Grades
This table summarizes recent grades assigned to MongoDB, Inc. by reputable grading companies.
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Barclays | Maintain | Overweight | 2026-01-12 |
| Needham | Maintain | Buy | 2026-01-12 |
| Truist Securities | Maintain | Buy | 2026-01-07 |
| Needham | Maintain | Buy | 2026-01-06 |
| RBC Capital | Maintain | Outperform | 2026-01-05 |
| Argus Research | Maintain | Buy | 2025-12-04 |
| Goldman Sachs | Maintain | Buy | 2025-12-03 |
| Citigroup | Maintain | Buy | 2025-12-03 |
| Canaccord Genuity | Maintain | Buy | 2025-12-02 |
| Piper Sandler | Maintain | Overweight | 2025-12-02 |
MongoDB consistently receives Buy to Outperform ratings, indicating strong confidence from analysts across multiple firms.
Akamai Technologies, Inc. Grades
This table presents recent grades for Akamai Technologies, Inc. from established grading companies.
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Citigroup | Maintain | Neutral | 2026-01-16 |
| Morgan Stanley | Upgrade | Overweight | 2026-01-12 |
| Scotiabank | Maintain | Sector Outperform | 2026-01-09 |
| RBC Capital | Maintain | Sector Perform | 2026-01-05 |
| Piper Sandler | Maintain | Neutral | 2026-01-05 |
| Keybanc | Upgrade | Overweight | 2025-12-15 |
| TD Cowen | Maintain | Hold | 2025-11-13 |
| Citigroup | Maintain | Neutral | 2025-11-11 |
| Scotiabank | Maintain | Sector Outperform | 2025-11-07 |
| Piper Sandler | Maintain | Neutral | 2025-11-07 |
Akamai’s grades predominantly range from Neutral to Overweight, with several upgrades noted, reflecting cautious optimism.
Which company has the best grades?
MongoDB, Inc. holds a stronger consensus with mostly Buy and Outperform grades, contrasting with Akamai’s Neutral to Overweight ratings. This suggests MongoDB is viewed more favorably by analysts, potentially influencing investor confidence and portfolio decisions accordingly.
Strengths and Weaknesses
Below is a comparison of key strengths and weaknesses for MongoDB, Inc. (MDB) and Akamai Technologies, Inc. (AKAM) based on the most recent data.
| Criterion | MongoDB, Inc. (MDB) | Akamai Technologies, Inc. (AKAM) |
|---|---|---|
| Diversification | Moderate; revenue heavily reliant on MongoDB Atlas (1.4B USD in 2025) and subscription services | Moderate; primarily one segment with 3.99B USD revenue in 2024 |
| Profitability | Low profitability; negative net margin (-6.43%), ROIC (-7.36%), and ROE (-4.64%) | Moderate profitability; positive net margin (12.65%) and ROE (10.35%) but ROIC (4.74%) below WACC |
| Innovation | Strong innovation with rapidly growing ROIC (+63% trend) but currently value-destroying | Weaker innovation; declining ROIC (-44%) and value destruction trend |
| Global presence | Growing presence driven by cloud-based services but less diversified geographically | Established global presence with diverse customer base |
| Market Share | Growing market share in cloud database solutions | Solid market share in content delivery and security services |
Key takeaways: MongoDB shows promising growth in profitability trends and innovation but currently struggles with value creation and profitability metrics. Akamai maintains moderate profitability and a stable market position but faces declining efficiency and profitability challenges. Investors should weigh growth potential against current value destruction risks.
Risk Analysis
Below is a comparative table outlining key risk factors for MongoDB, Inc. (MDB) and Akamai Technologies, Inc. (AKAM) based on the most recent data from 2025 and 2024 respectively.
| Metric | MongoDB, Inc. (MDB) | Akamai Technologies, Inc. (AKAM) |
|---|---|---|
| Market Risk | High beta (1.38) indicates higher market volatility and sensitivity to market fluctuations. | Lower beta (0.69) suggests less volatility compared to the market. |
| Debt level | Very low debt-to-equity (0.01) and debt-to-assets (1.06%) indicate minimal leverage. | Moderate debt-to-equity (0.95) and debt-to-assets (44.7%), implying moderate leverage risk. |
| Regulatory Risk | Moderate, typical for technology/cloud sector with evolving data privacy regulations. | Moderate, with cybersecurity regulations impacting cloud service providers. |
| Operational Risk | Negative net margin (-6.43%) and poor profitability ratios suggest operational challenges. | Positive net margin (12.65%) and better operational efficiency indicate lower operational risk. |
| Environmental Risk | Low direct impact; technology infrastructure has minimal environmental footprint. | Similarly low, but data centers may face scrutiny on energy use. |
| Geopolitical Risk | US-based with global cloud presence; some exposure to international trade tensions. | US-headquartered, international operations face moderate geopolitical risk. |
In summary, MongoDB faces the most impactful risks from operational inefficiencies and market volatility, despite a strong balance sheet with low debt. Akamai’s moderate leverage and geopolitical exposure pose risks, but its stable profitability and lower market volatility reduce immediate concerns. Investors should weigh MongoDB’s growth potential against its financial challenges and consider Akamai’s steadier but more leveraged profile.
Which Stock to Choose?
MongoDB, Inc. (MDB) shows strong revenue growth with a favorable income statement overall, despite negative profitability ratios and value destruction indicated by ROIC below WACC. It maintains low debt and a high current ratio, but financial ratios are mostly unfavorable, with a very favorable rating.
Akamai Technologies, Inc. (AKAM) presents moderate revenue growth but an unfavorable overall income statement trend, with positive profitability and a neutral financial ratio profile. Debt levels are higher, and the company shows value destruction with declining ROIC. Its rating is very favorable, with moderate scores.
For investors prioritizing growth and revenue expansion, MDB’s favorable income statement and improving profitability might appear attractive, though its financial ratios suggest caution. Conversely, AKAM’s stable profitability and moderate ratios could appeal to those favoring quality and moderate risk, despite its declining ROIC and income challenges.
Disclaimer: Investment carries a risk of loss of initial capital. The past performance is not a reliable indicator of future results. Be sure to understand risks before making an investment decision.
Go Further
I encourage you to read the complete analyses of MongoDB, Inc. and Akamai Technologies, Inc. to enhance your investment decisions:
