Core Scientific, Inc. (CORZ) vs UiPath, Inc. (PATH)

Core Scientific, Inc. and UiPath, Inc. are both Software Infrastructure companies. UiPath, Inc. is the larger, with a market value of $6.6B against $5.9B — 1.1× the size. Core Scientific, Inc. has negative trailing earnings, so its P/E is not meaningful; UiPath, Inc. trades at 18.6×. Core Scientific, Inc. grew revenue faster over the last twelve months: 26.4% against 15.0%. UiPath, Inc. has the higher net margin (21.0% vs −487.8%) and the higher return on invested capital (14.4% vs 0.00%). Across the 17 metrics below, UiPath, Inc. leads on 13 and Core Scientific, Inc. on 4.

Valuation

Metric CORZ PATH Software Infrastructure median
P/E n/m 18.60 28.02
P/S 12.83 3.76 3.07
P/B n/m 3.32 3.36
Price to free cash flow n/m 17.84 17.12
EV/EBITDA n/m 17.76 14.91
EV/Sales 18.20 3.02 3.03
Earnings yield (24.41%) 5.38% 0.13%
Free cash flow yield (21.14%) 5.61% 1.15%

Profitability

Metric CORZ PATH Software Infrastructure median
Gross margin 28.35% 82.55% 61.23%
Operating margin (127.45%) 8.89% 0.00%
Net margin (487.78%) 21.03% 0.00%
Free cash flow margin (271.34%) 21.09% 1.67%
Return on equity 123.29% 20.03% 0.59%
Return on assets (59.37%) 13.16% 0.00%
Return on invested capital 0.00% 14.42% 0.00%

Growth

Metric CORZ PATH Software Infrastructure median
Revenue growth (TTM) 26.37% 14.98% 13.41%
EPS growth (last fiscal year) 79.95% 500.00% —
Revenue growth, 5-year CAGR 39.53% 21.53% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CORZ PATH Software Infrastructure median
Debt to equity (1.78) 0.00 0.06
Current ratio 0.89 2.39 1.55
Net debt to EBITDA (4.70) (8.52) 0.08

Dividend

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

Size

Metric CORZ PATH Software Infrastructure median
Market cap 5.89b 6.57b 835.96m

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