Docusign Inc. (DOCU) vs Fair Isaac Corporation (FICO)

Docusign Inc. and Fair Isaac Corporation are both Software Application companies. Fair Isaac Corporation is the larger, with a market value of $18.6B against $12.8B — 1.4× the size. Fair Isaac Corporation trades at the lower P/E: 24.8× against 40.4×. Fair Isaac Corporation grew revenue faster over the last twelve months: 24.1% against 8.59%. Fair Isaac Corporation has the higher net margin (34.1% vs 9.82%) and the higher return on invested capital (62.5% vs 26.7%). Across the 21 metrics below, Fair Isaac Corporation leads on 13 and Docusign Inc. on 8.

Valuation

Metric DOCU FICO Software Application median
P/E 40.42 24.79 24.79
P/S 3.84 8.17 2.67
P/B 7.51 n/m 3.01
Price to free cash flow 10.77 20.36 16.59
EV/EBITDA 15.35 19.88 14.40
EV/Sales 3.65 10.40 2.62
Earnings yield 2.47% 4.03% 0.00%
Free cash flow yield 9.28% 4.91% 1.91%

Profitability

Metric DOCU FICO Software Application median
Gross margin 79.49% 85.10% 67.03%
Operating margin 11.96% 51.65% 0.00%
Net margin 9.82% 34.05% 0.00%
Free cash flow margin 35.65% 40.14% 4.32%
Return on equity 17.80% (29.67%) 0.00%
Return on assets 8.34% 41.80% 0.00%
Return on invested capital 26.71% 62.47% 0.00%

Growth

Metric DOCU FICO Software Application median
Revenue growth (TTM) 8.59% 24.09% 12.40%
EPS growth (last fiscal year) (70.87%) 29.78% —
Revenue growth, 5-year CAGR 17.25% 8.99% 13.72%
Net income growth, 5-year CAGR 0.00% 22.49% 0.00%

Health

Metric DOCU FICO Software Application median
Debt to equity 0.00 (1.36) 0.02
Current ratio 0.64 1.18 1.55
Net debt to EBITDA (1.26) 3.11 0.06

Dividend

Metric DOCU FICO Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric DOCU FICO Software Application median
Market cap 12.83b 18.57b 396.11m

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