Amplitude, Inc. (AMPL) vs BlackLine (BL)

Amplitude, Inc. and BlackLine are both Software Application companies. Amplitude, Inc. and BlackLine are of similar size ($1.7B and $1.6B). Amplitude, Inc. has negative trailing earnings, so its P/E is not meaningful; BlackLine trades at 71.1×. Amplitude, Inc. grew revenue faster over the last twelve months: 18.3% against 8.62%. BlackLine has the higher net margin (4.75% vs −26.6%) and the higher return on invested capital (4.32% vs 0.00%). Across the 19 metrics below, BlackLine leads on 15 and Amplitude, Inc. on 4.

Valuation

Metric AMPL BL Software Application median
P/E n/m 71.08 24.79
P/S 4.60 2.24 2.67
P/B 12.63 5.18 3.01
Price to free cash flow 68.57 10.99 16.59
EV/EBITDA n/m 21.31 14.40
EV/Sales 4.22 2.44 2.62
Earnings yield (5.64%) 1.41% 0.00%
Free cash flow yield 1.46% 9.10% 1.91%

Profitability

Metric AMPL BL Software Application median
Gross margin 72.42% 75.56% 67.03%
Operating margin (27.79%) 4.32% 0.00%
Net margin (26.59%) 4.75% 0.00%
Free cash flow margin 6.70% 20.36% 4.32%
Return on equity (47.89%) 9.53% 0.00%
Return on assets (24.48%) 2.13% 0.00%
Return on invested capital 0.00% 4.32% 0.00%

Growth

Metric AMPL BL Software Application median
Revenue growth (TTM) 18.26% 8.62% 12.40%
EPS growth (last fiscal year) 11.84% (82.91%) —
Revenue growth, 5-year CAGR 27.35% 14.77% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AMPL BL Software Application median
Debt to equity 0.00 2.12 0.02
Current ratio 1.05 1.72 1.55
Net debt to EBITDA 2.22 (1.49) 0.06

Dividend

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

Size

Metric AMPL BL Software Application median
Market cap 1.71b 1.62b 396.11m

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