Asana, Inc. (ASAN) vs Vertex, Inc. (VERX)

Asana, Inc. and Vertex, Inc. are both Software Application companies. Vertex, Inc. is the larger, with a market value of $2.9B against $2.6B — 1.1× the size. Asana, Inc. has negative trailing earnings, so its P/E is not meaningful; Vertex, Inc. trades at 511×. Vertex, Inc. grew revenue faster over the last twelve months: 10.4% against 9.48%. Vertex, Inc. has the higher net margin (−5.83% vs −18.6%) and the lower return on invested capital (−2.09% vs 0.00%). Across the 19 metrics below, Asana, Inc. leads on 10 and Vertex, Inc. on 9.

Valuation

Metric ASAN VERX Software Application median
P/E n/m 511.05 25.90
P/S 3.11 3.51 3.04
P/B 24.69 15.74 2.60
Price to free cash flow 10.49 68.40 17.17
EV/EBITDA n/m 29.21 15.48
EV/Sales 2.74 3.65 2.89
Earnings yield (5.91%) 0.20% 0.00%
Free cash flow yield 9.53% 1.46% 1.98%

Profitability

Metric ASAN VERX Software Application median
Gross margin 87.56% 64.61% 66.89%
Operating margin (19.37%) (2.15%) 0.00%
Net margin (18.63%) (5.83%) 0.00%
Free cash flow margin 29.65% 20.34% 5.77%
Return on equity (105.40%) (21.19%) 0.00%
Return on assets (18.62%) (3.94%) 0.00%
Return on invested capital 0.00% (2.09%) 0.00%

Growth

Metric ASAN VERX Software Application median
Revenue growth (TTM) 9.48% 10.44% 12.27%
EPS growth (last fiscal year) 27.93% 111.76% 32.11%
Revenue growth, 5-year CAGR 28.35% 14.84% 14.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASAN VERX Software Application median
Debt to equity 0.00 1.88 0.02
Current ratio 0.92 0.75 1.53
Net debt to EBITDA 2.95 0.22 0.09

Dividend

Metric ASAN VERX Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric ASAN VERX Software Application median
Market cap 2.56b 2.85b 487.58m

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