Core Scientific, Inc. (CORZ) vs Amdocs Limited (DOX)

Core Scientific, Inc. and Amdocs Limited are both Software Infrastructure companies. Core Scientific, Inc. and Amdocs Limited are of similar size ($6.2B and $5.9B). Core Scientific, Inc. has negative trailing earnings, so its P/E is not meaningful; Amdocs Limited trades at 13.7×. Core Scientific, Inc. grew revenue faster over the last twelve months: 26.4% against 0.14%. Amdocs Limited has the higher net margin (9.56% vs −487.8%) and the higher return on invested capital (9.39% vs 0.00%). Across the 18 metrics below, Amdocs Limited leads on 12 and Core Scientific, Inc. on 6.

Valuation

Metric CORZ DOX Software Infrastructure median
P/E n/m 13.67 28.02
P/S 12.83 1.28 3.07
P/B n/m 1.79 3.36
Price to free cash flow n/m 9.34 17.12
EV/EBITDA n/m 8.17 14.91
EV/Sales 18.20 1.46 3.03
Earnings yield (24.41%) 7.32% 0.13%
Free cash flow yield (21.14%) 10.71% 1.15%

Profitability

Metric CORZ DOX Software Infrastructure median
Gross margin 28.35% 38.28% 61.23%
Operating margin (127.45%) 13.47% 0.00%
Net margin (487.78%) 9.56% 0.00%
Free cash flow margin (271.34%) 13.73% 1.67%
Return on equity 123.29% 12.95% 0.59%
Return on assets (59.37%) 6.98% 0.00%
Return on invested capital 0.00% 9.39% 0.00%

Growth

Metric CORZ DOX Software Infrastructure median
Revenue growth (TTM) 26.37% 0.14% 13.41%
EPS growth (last fiscal year) 79.95% 18.82% —
Revenue growth, 5-year CAGR 39.53% 1.69% 15.81%
Net income growth, 5-year CAGR 0.00% 2.32% 0.00%

Health

Metric CORZ DOX Software Infrastructure median
Debt to equity (1.78) 0.32 0.06
Current ratio 0.89 0.94 1.55
Net debt to EBITDA (4.70) 0.50 0.08

Dividend

Metric CORZ DOX Software Infrastructure median
Dividend yield — 1.98% 1.53%
Payout ratio — 0.36 0.00

Size

Metric CORZ DOX Software Infrastructure median
Market cap 5.89b 6.22b 835.96m

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