Appian Corporation (APPN) vs NextNav Inc. (NN)

Appian Corporation and NextNav Inc. are both Software Infrastructure companies. Appian Corporation is the larger, with a market value of $2.7B against $2.4B — 1.1× the size. Appian Corporation grew revenue faster over the last twelve months: 20.9% against −36.5%. Appian Corporation has the higher net margin (−1.34% vs −2,812.6%) and the higher return on invested capital (0.00% vs −44.7%). Across the 17 metrics below, Appian Corporation leads on 14 and NextNav Inc. on 3.

Valuation

Metric APPN NN Software Infrastructure median
P/E n/m n/m 28.02
P/S 3.30 512.10 3.07
P/B n/m 6.09 3.36
Price to free cash flow 34.20 n/m 17.12
EV/EBITDA 132.94 n/m 14.91
EV/Sales 3.39 521.74 3.03
Earnings yield (0.39%) (5.61%) 0.13%
Free cash flow yield 2.92% (2.63%) 1.15%

Profitability

Metric APPN NN Software Infrastructure median
Gross margin 72.40% (104.90%) 61.23%
Operating margin 1.28% (1,900.43%) 0.00%
Net margin (1.34%) (2,812.55%) 0.00%
Free cash flow margin 9.65% (1,348.00%) 1.67%
Return on equity 13.37% (77.87%) 0.59%
Return on assets (1.81%) (34.64%) 0.00%
Return on invested capital 0.00% (44.71%) 0.00%

Growth

Metric APPN NN Software Infrastructure median
Revenue growth (TTM) 20.90% (36.46%) 13.41%
EPS growth (last fiscal year) 101.59% (69.05%) —
Revenue growth, 5-year CAGR 19.00% 51.71% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APPN NN Software Infrastructure median
Debt to equity (2.24) 0.00 0.06
Current ratio 1.00 25.63 1.55
Net debt to EBITDA 4.91 (2.30) 0.08

Dividend

Metric APPN NN Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric APPN NN Software Infrastructure median
Market cap 2.69b 2.42b 835.96m

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