Alkami Technology, Inc. (ALKT) vs BlackLine (BL)

Alkami Technology, Inc. and BlackLine are both Software Application companies. Alkami Technology, Inc. and BlackLine are of similar size ($1.6B and $1.5B). Alkami Technology, Inc. has negative trailing earnings, so its P/E is not meaningful; BlackLine trades at 71.1×. Alkami Technology, Inc. grew revenue faster over the last twelve months: 27.1% against 8.62%. BlackLine has the higher net margin (4.75% vs −9.21%) and the higher return on invested capital (4.32% vs −3.51%). Across the 19 metrics below, BlackLine leads on 12 and Alkami Technology, Inc. on 7.

Valuation

Metric ALKT BL Software Application median
P/E n/m 71.08 24.79
P/S 3.01 2.24 2.67
P/B 4.07 5.18 3.01
Price to free cash flow 27.35 10.99 16.59
EV/EBITDA n/m 21.31 14.40
EV/Sales 3.59 2.44 2.62
Earnings yield (3.04%) 1.41% 0.00%
Free cash flow yield 3.66% 9.10% 1.91%

Profitability

Metric ALKT BL Software Application median
Gross margin 57.36% 75.56% 67.03%
Operating margin (7.31%) 4.32% 0.00%
Net margin (9.21%) 4.75% 0.00%
Free cash flow margin 11.27% 20.36% 4.32%
Return on equity (12.77%) 9.53% 0.00%
Return on assets (5.40%) 2.13% 0.00%
Return on invested capital (3.51%) 4.32% 0.00%

Growth

Metric ALKT BL Software Application median
Revenue growth (TTM) 27.05% 8.62% 12.40%
EPS growth (last fiscal year) (12.20%) (82.91%) —
Revenue growth, 5-year CAGR 23.86% 14.77% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALKT BL Software Application median
Debt to equity 0.98 2.12 0.02
Current ratio 2.13 1.72 1.55
Net debt to EBITDA (10.81) (1.49) 0.06

Dividend

Metric ALKT BL Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric ALKT BL Software Application median
Market cap 1.52b 1.62b 396.11m

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