Clarivate PLC (CLVT) vs Grid Dynamics Holdings, Inc. (GDYN)

Clarivate PLC and Grid Dynamics Holdings, Inc. are both Information Technology Services companies. Clarivate PLC is the larger, with a market value of $1.2B against $608.5M — 1.9× the size. Clarivate PLC has negative trailing earnings, so its P/E is not meaningful; Grid Dynamics Holdings, Inc. trades at 283×. Grid Dynamics Holdings, Inc. grew revenue faster over the last twelve months: 8.57% against −3.50%. Grid Dynamics Holdings, Inc. has the higher net margin (0.68% vs −13.8%) and the higher return on invested capital (−0.60% vs −0.62%). Across the 20 metrics below, Grid Dynamics Holdings, Inc. leads on 12 and Clarivate PLC on 8.

Valuation

Metric CLVT GDYN Information Technology Services median
P/E n/m 282.85 14.63
P/S 0.47 1.51 1.13
P/B 0.25 1.23 2.10
Price to free cash flow 3.54 39.85 10.11
EV/EBITDA 5.78 14.59 8.56
EV/Sales 2.13 0.82 1.20
Earnings yield (29.21%) 0.35% 4.56%
Free cash flow yield 28.26% 2.51% 4.37%

Profitability

Metric CLVT GDYN Information Technology Services median
Gross margin 66.82% 34.72% 31.05%
Operating margin (3.51%) (0.51%) 3.30%
Net margin (13.84%) 0.68% 2.09%
Free cash flow margin 13.58% 3.79% 0.00%
Return on equity (7.01%) 0.54% 4.12%
Return on assets (3.05%) 0.47% 0.61%
Return on invested capital (0.62%) (0.60%) 0.57%

Growth

Metric CLVT GDYN Information Technology Services median
Revenue growth (TTM) (3.50%) 8.57% 7.12%
EPS growth (last fiscal year) 68.75% 120.00% —
Revenue growth, 5-year CAGR 14.38% 14.28% 7.71%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CLVT GDYN Information Technology Services median
Debt to equity 0.93 0.00 0.45
Current ratio 0.85 7.22 1.66
Net debt to EBITDA 4.94 (14.93) 0.44

Dividend

Metric CLVT GDYN Information Technology Services median
Dividend yield — — 1.21%
Payout ratio 0.00 0.00 0.00

Size

Metric CLVT GDYN Information Technology Services median
Market cap 1.18b 608.45m 1.36b

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