Arqit Quantum Inc. (ARQQ) vs i3 Verticals, Inc. (IIIV)

Arqit Quantum Inc. and i3 Verticals, Inc. are both Software Infrastructure companies. Arqit Quantum Inc. and i3 Verticals, Inc. are of similar size ($398.3M and $383.4M). i3 Verticals, Inc. trades at the lower P/E: 37.2× against 308×. i3 Verticals, Inc. has the higher net margin (3.90% vs −67.7%) and the higher return on invested capital (0.72% vs 0.00%). Across the 18 metrics below, i3 Verticals, Inc. leads on 15 and Arqit Quantum Inc. on 3.

Valuation

Metric ARQQ IIIV Software Infrastructure median
P/E 307.50 37.20 28.02
P/S 512.41 1.32 3.07
P/B 141.15 0.72 3.36
Price to free cash flow n/m 6.89 17.12
EV/EBITDA n/m 11.93 14.91
EV/Sales 509.00 1.96 3.03
Earnings yield 0.33% 2.69% 0.13%
Free cash flow yield (2.91%) 14.51% 1.15%

Profitability

Metric ARQQ IIIV Software Infrastructure median
Gross margin 0.00% 100.00% 61.23%
Operating margin 0.00% 2.72% 0.00%
Net margin (67.73%) 3.90% 0.00%
Free cash flow margin 0.00% 19.22% 1.67%
Return on equity 0.00% 1.87% 0.59%
Return on assets 0.00% 1.36% 0.00%
Return on invested capital 0.00% 0.72% 0.00%

Growth

Metric ARQQ IIIV Software Infrastructure median
Revenue growth (TTM) — 14.65% 13.41%
EPS growth (last fiscal year) 49.41% (84.91%) —
Revenue growth, 5-year CAGR (40.67%) 7.26% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARQQ IIIV Software Infrastructure median
Debt to equity 0.00 0.29 0.06
Current ratio 4.88 1.21 1.55
Net debt to EBITDA 0.98 (1.93) 0.08

Dividend

Metric ARQQ IIIV Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric ARQQ IIIV Software Infrastructure median
Market cap 383.36m 398.25m 835.96m

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