Bandwidth Inc. (BAND) vs Flywire Corporation (FLYW)

Bandwidth Inc. and Flywire Corporation are both Software Infrastructure companies. Bandwidth Inc. and Flywire Corporation are of similar size ($2.1B and $2.0B). Flywire Corporation trades at the lower P/E: 64.8× against 1,022×. Flywire Corporation grew revenue faster over the last twelve months: 32.2% against 9.25%. Flywire Corporation has the higher net margin (4.77% vs 0.27%) and the higher return on invested capital (4.70% vs −1.77%). Across the 21 metrics below, Flywire Corporation leads on 19 and Bandwidth Inc. on 2.

Valuation

Metric BAND FLYW Software Infrastructure median
P/E 1,022.33 64.81 28.02
P/S 2.38 3.00 3.07
P/B 4.96 2.62 3.36
Price to free cash flow 29.25 13.94 17.12
EV/EBITDA 41.35 26.34 14.91
EV/Sales 2.63 2.61 3.03
Earnings yield 0.10% 1.54% 0.13%
Free cash flow yield 3.42% 7.17% 1.15%

Profitability

Metric BAND FLYW Software Infrastructure median
Gross margin 37.23% 100.00% 61.23%
Operating margin (1.82%) 5.51% 0.00%
Net margin 0.27% 4.77% 0.00%
Free cash flow margin 8.13% 21.54% 1.67%
Return on equity 0.58% 4.23% 0.59%
Return on assets 0.21% 2.99% 0.00%
Return on invested capital (1.77%) 4.70% 0.00%

Growth

Metric BAND FLYW Software Infrastructure median
Revenue growth (TTM) 9.25% 32.21% 13.41%
EPS growth (last fiscal year) (79.17%) 450.00% —
Revenue growth, 5-year CAGR 17.05% 36.44% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BAND FLYW Software Infrastructure median
Debt to equity 0.87 0.00 0.06
Current ratio 2.04 1.52 1.55
Net debt to EBITDA 3.09 (9.18) 0.08

Dividend

Metric BAND FLYW Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric BAND FLYW Software Infrastructure median
Market cap 1.99b 2.08b 835.96m

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