Blend Labs, Inc. (BLND) vs Silvaco Group, Inc. (SVCO)

Blend Labs, Inc. and Silvaco Group, Inc. are both Software Application companies. Silvaco Group, Inc. is the larger, with a market value of $288.4M against $253.1M — 1.1× the size. Silvaco Group, Inc. grew revenue faster over the last twelve months: 31.9% against 6.65%. Blend Labs, Inc. has the higher net margin (−14.6% vs −30.4%) and the higher return on invested capital (0.00% vs −22.8%). Across the 15 metrics below, Blend Labs, Inc. leads on 11 and Silvaco Group, Inc. on 4.

Valuation

Metric BLND SVCO Software Application median
P/E n/m n/m 24.79
P/S 2.05 3.81 2.67
P/B n/m 3.30 3.01
Price to free cash flow 35.25 n/m 16.59
EV/EBITDA n/m n/m 14.40
EV/Sales 2.78 3.72 2.62
Earnings yield (7.21%) (8.61%) 0.00%
Free cash flow yield 2.84% (12.43%) 1.91%

Profitability

Metric BLND SVCO Software Application median
Gross margin 74.78% 83.12% 67.03%
Operating margin (11.99%) (35.56%) 0.00%
Net margin (14.55%) (30.44%) 0.00%
Free cash flow margin 5.82% (47.35%) 4.32%
Return on equity 38.95% (27.03%) 0.00%
Return on assets (11.56%) (18.16%) 0.00%
Return on invested capital 0.00% (22.81%) 0.00%

Growth

Metric BLND SVCO Software Application median
Revenue growth (TTM) 6.65% 31.86% 12.40%
EPS growth (last fiscal year) 58.33% 9.15% —
Revenue growth, 5-year CAGR 5.18% — 13.72%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BLND SVCO Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 1.62 1.72 1.55
Net debt to EBITDA 4.19 0.43 0.06

Dividend

Metric BLND SVCO Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 — 0.00

Size

Metric BLND SVCO Software Application median
Market cap 253.07m 288.36m 396.11m

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