BlackBerry Limited (BB) vs Core Scientific, Inc. (CORZ)

BlackBerry Limited and Core Scientific, Inc. are both Software Infrastructure companies. Core Scientific, Inc. is the larger, with a market value of $5.9B against $5.2B — 1.1× the size. Core Scientific, Inc. has negative trailing earnings, so its P/E is not meaningful; BlackBerry Limited trades at 86.9×. Core Scientific, Inc. grew revenue faster over the last twelve months: 26.4% against 8.83%. BlackBerry Limited has the higher net margin (10.3% vs −487.8%) and the higher return on invested capital (6.45% vs 0.00%). Across the 17 metrics below, BlackBerry Limited leads on 12 and Core Scientific, Inc. on 5.

Valuation

Metric BB CORZ Software Infrastructure median
P/E 86.88 n/m 28.02
P/S 8.30 12.83 3.07
P/B 6.42 n/m 3.36
Price to free cash flow 78.97 n/m 17.12
EV/EBITDA 62.01 n/m 14.91
EV/Sales 8.31 18.20 3.03
Earnings yield 1.15% (24.41%) 0.13%
Free cash flow yield 1.27% (21.14%) 1.15%

Profitability

Metric BB CORZ Software Infrastructure median
Gross margin 77.13% 28.35% 61.23%
Operating margin 10.62% (127.45%) 0.00%
Net margin 10.31% (487.78%) 0.00%
Free cash flow margin 10.51% (271.34%) 1.67%
Return on equity 8.10% 123.29% 0.59%
Return on assets 4.88% (59.37%) 0.00%
Return on invested capital 6.45% 0.00% 0.00%

Growth

Metric BB CORZ Software Infrastructure median
Revenue growth (TTM) 8.83% 26.37% 13.41%
EPS growth (last fiscal year) 169.23% 79.95% —
Revenue growth, 5-year CAGR (9.27%) 39.53% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BB CORZ Software Infrastructure median
Debt to equity 0.26 (1.78) 0.06
Current ratio 2.20 0.89 1.55
Net debt to EBITDA (2.47) (4.70) 0.08

Dividend

Metric BB CORZ Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric BB CORZ Software Infrastructure median
Market cap 5.19b 5.89b 835.96m

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