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

Duolingo, Inc. and Navan, Inc. are both Software Application companies. Duolingo, Inc. is the larger, with a market value of $7.4B against $6.6B — 1.1× the size. Navan, Inc. has negative trailing earnings, so its P/E is not meaningful; Duolingo, Inc. trades at 50.7×. Duolingo, Inc. has the higher net margin (12.3% vs −42.1%) and the higher return on invested capital (47.6% vs −25.3%). Across the 17 metrics below, Duolingo, Inc. leads on 15 and Navan, Inc. on 2.

Valuation

Metric DUOL NAVN Software Application median
P/E 50.70 n/m 25.90
P/S 6.23 7.91 3.04
P/B 4.97 4.97 2.60
Price to free cash flow 18.28 230.64 17.17
EV/EBITDA 37.65 n/m 15.48
EV/Sales 5.14 6.95 2.89
Earnings yield 1.97% (19.86%) 0.00%
Free cash flow yield 5.47% 0.43% 1.98%

Profitability

Metric DUOL NAVN Software Application median
Gross margin 72.81% 72.55% 66.89%
Operating margin 12.36% (25.72%) 0.00%
Net margin 12.33% (42.11%) 0.00%
Free cash flow margin 36.86% 3.43% 5.77%
Return on equity 10.45% (540.18%) 0.00%
Return on assets 7.19% (38.41%) 0.00%
Return on invested capital 47.59% (25.34%) 0.00%

Growth

Metric DUOL NAVN Software Application median
Revenue growth (TTM) 22.61% — 12.27%
EPS growth (last fiscal year) 355.85% (1.76%) 32.11%
Revenue growth, 5-year CAGR 45.03% — 14.34%
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 2.75 4.38 1.53
Net debt to EBITDA (7.07) 5.39 0.09

Dividend

Metric DUOL NAVN Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric DUOL NAVN Software Application median
Market cap 7.35b 6.63b 487.58m

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