Cass Information Systems, Inc (CASS) vs Spire Global, Inc. (SPIR)

Cass Information Systems, Inc and Spire Global, Inc. are both Specialty Business Services companies. Cass Information Systems, Inc is the larger, with a market value of $696.4M against $508.6M — 1.4× the size. Spire Global, Inc. has negative trailing earnings, so its P/E is not meaningful; Cass Information Systems, Inc trades at 19.1×. Cass Information Systems, Inc grew revenue faster over the last twelve months: 6.52% against −33.1%. Cass Information Systems, Inc has the higher net margin (17.1% vs −145.2%) and the higher return on invested capital (176.3% vs −105.3%). Across the 18 metrics below, Cass Information Systems, Inc leads on 15 and Spire Global, Inc. on 3.

Valuation

Metric CASS SPIR Specialty Business Services median
P/E 19.06 n/m 23.86
P/S 3.22 7.42 1.06
P/B 2.83 3.21 2.37
Price to free cash flow 16.54 n/m 16.54
EV/EBITDA n/m n/m 11.51
EV/Sales 2.16 7.63 1.51
Earnings yield 5.25% (22.10%) 2.14%
Free cash flow yield 6.05% (21.53%) 1.55%

Profitability

Metric CASS SPIR Specialty Business Services median
Gross margin 92.56% 37.74% 35.31%
Operating margin 0.00% (142.09%) 3.43%
Net margin 17.08% (145.22%) 1.67%
Free cash flow margin 19.49% (159.67%) 3.28%
Return on equity 15.12% (61.72%) 0.58%
Return on assets 1.52% (38.86%) 0.33%
Return on invested capital 176.26% (105.29%) 0.65%

Growth

Metric CASS SPIR Specialty Business Services median
Revenue growth (TTM) 6.52% (33.13%) 6.04%
EPS growth (last fiscal year) 87.77% 134.98% —
Revenue growth, 5-year CAGR 6.97% 20.22% 7.66%
Net income growth, 5-year CAGR 6.88% 0.00% 0.00%

Health

Metric CASS SPIR Specialty Business Services median
Debt to equity 0.00 0.00 0.21
Current ratio 0.61 1.87 1.62
Net debt to EBITDA 0.00 1.02 1.16

Dividend

Metric CASS SPIR Specialty Business Services median
Dividend yield 2.78% — 1.61%
Payout ratio 0.49 0.00 0.00

Size

Metric CASS SPIR Specialty Business Services median
Market cap 696.40m 508.59m 879.14m

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