Viant Technology Inc. (DSP) vs VTEX (VTEX)

Viant Technology Inc. and VTEX are both Software Application companies. Viant Technology Inc. is the larger, with a market value of $841.2M against $677.8M — 1.2× the size. VTEX trades at the lower P/E: 23.2× against 25.3×. Viant Technology Inc. grew revenue faster over the last twelve months: 22.0% against 9.63%. VTEX has the higher net margin (12.0% vs 2.24%) and the higher return on invested capital (44.9% vs 4.53%). Across the 22 metrics below, VTEX leads on 12 and Viant Technology Inc. on 10.

Valuation

Metric DSP VTEX Software Application median
P/E 25.31 23.18 26.44
P/S 0.65 2.61 2.90
P/B 0.80 2.95 2.60
Price to free cash flow 5.33 15.09 17.04
EV/EBITDA 2.81 13.95 15.48
EV/Sales 0.22 1.90 3.00
Earnings yield 3.95% 4.31% 0.20%
Free cash flow yield 18.78% 6.63% 1.96%

Profitability

Metric DSP VTEX Software Application median
Gross margin 100.00% 79.26% 67.34%
Operating margin 2.35% 12.23% 0.00%
Net margin 2.24% 11.98% 0.00%
Free cash flow margin 12.29% 17.32% 5.77%
Return on equity 3.02% 12.76% 0.00%
Return on assets 1.94% 8.57% 0.00%
Return on invested capital 4.53% 44.94% 0.00%

Growth

Metric DSP VTEX Software Application median
Revenue growth (TTM) 21.99% 9.63% 12.12%
EPS growth (last fiscal year) 157.14% 33.82% 32.44%
Revenue growth, 5-year CAGR 15.81% 19.51% 14.34%
Net income growth, 5-year CAGR (13.89%) 0.00% 0.00%

Health

Metric DSP VTEX Software Application median
Debt to equity 0.00 0.02 0.04
Current ratio 2.34 2.91 1.53
Net debt to EBITDA (6.21) (8.93) 0.09

Dividend

Metric DSP VTEX Software Application median
Dividend yield — — 1.07%
Payout ratio — — 0.28

Size

Metric DSP VTEX Software Application median
Market cap 841.21m 677.75m 383.88m

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