AvePoint, Inc. (AVPT) vs Core Scientific, Inc. (CORZ)

AvePoint, Inc. and Core Scientific, Inc. are both Software Infrastructure companies. Core Scientific, Inc. is the larger, with a market value of $4.6B against $3.5B — 1.3× the size. Core Scientific, Inc. has negative trailing earnings, so its P/E is not meaningful; AvePoint, Inc. trades at 50.0×. Core Scientific, Inc. grew revenue faster over the last twelve months: 26.4% against 25.0%. AvePoint, Inc. has the higher net margin (15.3% vs −313.5%) and the higher return on invested capital (145.3% vs 0.00%). Across the 17 metrics below, AvePoint, Inc. leads on 13 and Core Scientific, Inc. on 4.

Valuation

Metric AVPT CORZ Software Infrastructure median
P/E 50.00 n/m 26.15
P/S 7.44 10.45 2.87
P/B 7.94 n/m 2.94
Price to free cash flow 34.95 n/m 17.26
EV/EBITDA 58.61 n/m 15.00
EV/Sales 6.55 15.81 2.95
Earnings yield 2.00% (29.99%) 0.00%
Free cash flow yield 2.86% (25.97%) 0.39%

Profitability

Metric AVPT CORZ Software Infrastructure median
Gross margin 73.45% 28.35% 59.21%
Operating margin 9.78% (127.45%) 0.00%
Net margin 15.33% (313.53%) 0.00%
Free cash flow margin 21.29% (271.34%) 0.00%
Return on equity 16.25% 79.25% 0.00%
Return on assets 9.81% (38.84%) 0.00%
Return on invested capital 145.25% 0.00% 0.00%

Growth

Metric AVPT CORZ Software Infrastructure median
Revenue growth (TTM) 24.95% 26.37% 13.57%
EPS growth (last fiscal year) 193.75% 81.93% 20.22%
Revenue growth, 5-year CAGR 22.59% 39.53% 16.02%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AVPT CORZ Software Infrastructure median
Debt to equity 0.00 (1.78) 0.02
Current ratio 2.00 0.89 1.54
Net debt to EBITDA (12.26) (4.70) 0.05

Dividend

Metric AVPT CORZ Software Infrastructure median
Dividend yield — — 1.09%
Payout ratio — — 0.30

Size

Metric AVPT CORZ Software Infrastructure median
Market cap 3.48b 4.58b 655.75m

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