Duolingo, Inc. (DUOL) vs Navan, Inc. (NAVN)

Duolingo, Inc. and Navan, Inc. are both Software Application companies. Duolingo, Inc. and Navan, Inc. are of similar size ($7.0B and $6.6B). Navan, Inc. has negative trailing earnings, so its P/E is not meaningful; Duolingo, Inc. trades at 16.0×. Duolingo, Inc. has the higher net margin (35.9% vs −42.1%) and the higher return on invested capital (53.9% vs −25.3%). Across the 17 metrics below, Duolingo, Inc. leads on 16 and Navan, Inc. on 1.

Valuation

Metric DUOL NAVN Software Application median
P/E 15.96 n/m 25.41
P/S 5.78 7.88 2.73
P/B 4.70 4.95 2.57
Price to free cash flow 16.65 229.73 17.58
EV/EBITDA 31.46 n/m 15.36
EV/Sales 4.71 6.92 2.59
Earnings yield 6.26% (19.94%) 0.00%
Free cash flow yield 6.01% 0.44% 2.24%

Profitability

Metric DUOL NAVN Software Application median
Gross margin 72.72% 72.55% 67.03%
Operating margin 13.72% (25.72%) 0.00%
Net margin 35.87% (42.11%) 0.00%
Free cash flow margin 34.72% 3.43% 5.01%
Return on equity 34.42% (540.18%) 0.00%
Return on assets 22.72% (38.41%) 0.00%
Return on invested capital 53.94% (25.34%) 0.00%

Growth

Metric DUOL NAVN Software Application median
Revenue growth (TTM) 29.36% — 12.48%
EPS growth (last fiscal year) 355.85% (1.76%) 32.26%
Revenue growth, 5-year CAGR 45.03% — 14.21%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric DUOL NAVN Software Application median
Debt to equity 0.06 0.09 0.02
Current ratio 2.72 4.38 1.52
Net debt to EBITDA (7.07) 5.39 0.08

Dividend

Metric DUOL NAVN Software Application median
Dividend yield — — 0.95%
Payout ratio — — 0.29

Size

Metric DUOL NAVN Software Application median
Market cap 6.97b 6.57b 357.77m

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