Asana, Inc. (ASAN) vs PDF Solutions, Inc. (PDFS)

Asana, Inc. and PDF Solutions, Inc. are both Software Application companies. Asana, Inc. and PDF Solutions, Inc. are of similar size ($2.1B and $2.0B). Asana, Inc. has negative trailing earnings, so its P/E is not meaningful; PDF Solutions, Inc. trades at 198×. PDF Solutions, Inc. grew revenue faster over the last twelve months: 23.1% against 9.48%. PDF Solutions, Inc. has the higher net margin (4.27% vs −18.6%) and the higher return on invested capital (3.79% vs 0.00%). Across the 18 metrics below, PDF Solutions, Inc. leads on 10 and Asana, Inc. on 8.

Valuation

Metric ASAN PDFS Software Application median
P/E n/m 198.20 24.79
P/S 2.51 8.41 2.67
P/B 19.96 5.44 3.01
Price to free cash flow 8.48 n/m 16.59
EV/EBITDA n/m 53.04 14.40
EV/Sales 2.15 8.21 2.62
Earnings yield (7.32%) 0.50% 0.00%
Free cash flow yield 11.80% (1.47%) 1.91%

Profitability

Metric ASAN PDFS Software Application median
Gross margin 87.56% 71.46% 67.03%
Operating margin (19.37%) 8.15% 0.00%
Net margin (18.63%) 4.27% 0.00%
Free cash flow margin 29.65% (0.56%) 4.32%
Return on equity (105.40%) 3.27% 0.00%
Return on assets (18.62%) 2.26% 0.00%
Return on invested capital 0.00% 3.79% 0.00%

Growth

Metric ASAN PDFS Software Application median
Revenue growth (TTM) 9.48% 23.05% 12.40%
EPS growth (last fiscal year) 27.93% (120.00%) —
Revenue growth, 5-year CAGR 28.35% 19.99% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASAN PDFS Software Application median
Debt to equity 0.00 0.18 0.02
Current ratio 0.92 3.45 1.55
Net debt to EBITDA 2.95 1.22 0.06

Dividend

Metric ASAN PDFS Software Application median
Dividend yield 1.22% — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric ASAN PDFS Software Application median
Market cap 2.06b 2.02b 396.11m

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