EverQuote, Inc. (EVER) vs MediaAlpha, Inc. (MAX)

EverQuote, Inc. and MediaAlpha, Inc. are both Internet Content & Information companies. EverQuote, Inc. and MediaAlpha, Inc. are of similar size ($636.4M and $591.8M). MediaAlpha, Inc. trades at the lower P/E: 5.3× against 5.8×. EverQuote, Inc. grew revenue faster over the last twelve months: 22.8% against 13.8%. EverQuote, Inc. has the higher net margin (15.2% vs 7.94%) and the higher return on invested capital (80.6% vs 35.6%). Across the 20 metrics below, EverQuote, Inc. leads on 15 and MediaAlpha, Inc. on 5.

Valuation

Metric EVER MAX Internet Content & Information median
P/E 5.84 5.27 10.24
P/S 0.87 0.41 0.87
P/B 2.55 n/m 1.32
Price to free cash flow 6.89 8.85 8.85
EV/EBITDA 5.39 7.47 8.86
EV/Sales 0.62 0.53 1.15
Earnings yield 17.11% 18.99% (1.58%)
Free cash flow yield 14.51% 11.30% 2.32%

Profitability

Metric EVER MAX Internet Content & Information median
Gross margin 97.65% 14.71% 66.84%
Operating margin 11.00% 6.89% (3.41%)
Net margin 15.16% 7.94% (3.02%)
Free cash flow margin 12.60% 4.60% 1.75%
Return on equity 53.61% (314.09%) 0.00%
Return on assets 39.31% 31.91% (0.36%)
Return on invested capital 80.55% 35.63% 0.00%

Growth

Metric EVER MAX Internet Content & Information median
Revenue growth (TTM) 22.75% 13.84% 2.65%
EPS growth (last fiscal year) 198.86% 25.81% —
Revenue growth, 5-year CAGR 14.83% 13.75% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EVER MAX Internet Content & Information median
Debt to equity 0.00 (35.71) 0.01
Current ratio 3.33 1.29 1.82
Net debt to EBITDA (2.76) 4.09 (0.48)

Dividend

Metric EVER MAX Internet Content & Information median
Dividend yield — — 3.19%
Payout ratio 0.00 0.00 0.00

Size

Metric EVER MAX Internet Content & Information median
Market cap 636.43m 591.81m 283.68m

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