AvePoint, Inc. (AVPT) vs NetScout Systems, Inc. (NTCT)

AvePoint, Inc. and NetScout Systems, Inc. are both Software Infrastructure companies. AvePoint, Inc. and NetScout Systems, Inc. are of similar size ($2.9B and $2.8B). NetScout Systems, Inc. trades at the lower P/E: 23.6× against 39.4×. AvePoint, Inc. grew revenue faster over the last twelve months: 25.0% against 5.79%. AvePoint, Inc. has the higher net margin (15.3% vs 13.7%) and the higher return on invested capital (145.3% vs 7.91%). Across the 21 metrics below, NetScout Systems, Inc. leads on 12 and AvePoint, Inc. on 9.

Valuation

Metric AVPT NTCT Software Infrastructure median
P/E 39.39 23.62 28.02
P/S 5.86 3.21 3.07
P/B 6.26 1.70 3.36
Price to free cash flow 27.54 11.03 17.12
EV/EBITDA 44.48 12.54 14.91
EV/Sales 4.97 2.66 3.03
Earnings yield 2.54% 4.23% 0.13%
Free cash flow yield 3.63% 9.07% 1.15%

Profitability

Metric AVPT NTCT Software Infrastructure median
Gross margin 73.45% 79.84% 61.23%
Operating margin 9.78% 14.82% 0.00%
Net margin 15.33% 13.71% 0.00%
Free cash flow margin 21.29% 29.22% 1.67%
Return on equity 16.25% 7.54% 0.59%
Return on assets 9.81% 5.42% 0.00%
Return on invested capital 145.25% 7.91% 0.00%

Growth

Metric AVPT NTCT Software Infrastructure median
Revenue growth (TTM) 24.95% 5.79% 13.41%
EPS growth (last fiscal year) 193.75% 125.39% —
Revenue growth, 5-year CAGR 22.59% 0.67% 15.81%
Net income growth, 5-year CAGR 0.00% 37.62% 0.00%

Health

Metric AVPT NTCT Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 2.00 1.83 1.55
Net debt to EBITDA (12.26) (4.02) 0.08

Dividend

Metric AVPT NTCT Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric AVPT NTCT Software Infrastructure median
Market cap 2.78b 2.85b 835.96m

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