EverCommerce Inc. (EVCM) vs Wealthfront Corporation (WLTH)

EverCommerce Inc. and Wealthfront Corporation are both Software Application companies. EverCommerce Inc. and Wealthfront Corporation are of similar size ($1.6B and $1.5B). Wealthfront Corporation has negative trailing earnings, so its P/E is not meaningful; EverCommerce Inc. trades at 44.7×. EverCommerce Inc. has the higher net margin (5.69% vs −19.4%) and the higher return on invested capital (3.36% vs −59.5%). Across the 17 metrics below, EverCommerce Inc. leads on 11 and Wealthfront Corporation on 6.

Valuation

Metric EVCM WLTH Software Application median
P/E 44.72 n/m 24.79
P/S 2.38 4.11 2.67
P/B 1.99 2.47 3.01
Price to free cash flow 19.87 10.68 16.59
EV/EBITDA 14.52 n/m 14.40
EV/Sales 3.03 2.87 2.62
Earnings yield 2.24% (20.11%) 0.00%
Free cash flow yield 5.03% 9.36% 1.91%

Profitability

Metric EVCM WLTH Software Application median
Gross margin 77.82% 89.11% 67.03%
Operating margin 9.91% (40.82%) 0.00%
Net margin 5.69% (19.42%) 0.00%
Free cash flow margin 11.99% 38.48% 4.32%
Return on equity 4.67% 0.00% 0.00%
Return on assets 2.45% (8.10%) 0.00%
Return on invested capital 3.36% (59.47%) 0.00%

Growth

Metric EVCM WLTH Software Application median
Revenue growth (TTM) 4.18% — 12.40%
EPS growth (last fiscal year) 145.45% (154.20%) —
Revenue growth, 5-year CAGR 11.78% — 13.72%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric EVCM WLTH Software Application median
Debt to equity 0.73 0.01 0.02
Current ratio 2.14 1.43 1.55
Net debt to EBITDA 3.05 4.35 0.06

Dividend

Metric EVCM WLTH Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 — 0.00

Size

Metric EVCM WLTH Software Application median
Market cap 1.47b 1.60b 396.11m

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