Exodus Movement, Inc. (EXOD) vs Tucows Inc. (TCX)

Exodus Movement, Inc. and Tucows Inc. are both Software Infrastructure companies. Exodus Movement, Inc. is the larger, with a market value of $182.4M against $117.4M — 1.6× the size. Tucows Inc. grew revenue faster over the last twelve months: 4.22% against −14.2%. Tucows Inc. has the higher net margin (−21.2% vs −79.9%) and the lower return on invested capital (−7.59% vs 0.00%). Across the 17 metrics below, Tucows Inc. leads on 10 and Exodus Movement, Inc. on 7.

Valuation

Metric EXOD TCX Software Infrastructure median
P/E n/m n/m 28.38
P/S 1.44 0.29 2.98
P/B 0.78 n/m 2.93
Price to free cash flow n/m n/m 16.28
EV/EBITDA 1.52 36.45 13.92
EV/Sales (1.89) 1.96 2.90
Earnings yield (56.70%) (74.04%) 0.14%
Free cash flow yield (42.43%) (4.83%) 1.24%

Profitability

Metric EXOD TCX Software Infrastructure median
Gross margin 100.00% 24.90% 61.00%
Operating margin (127.80%) (7.18%) 0.00%
Net margin (79.94%) (21.20%) 0.00%
Free cash flow margin (61.14%) (1.39%) 1.67%
Return on equity (36.35%) 51.87% 0.60%
Return on assets (19.09%) (11.38%) 0.00%
Return on invested capital 0.00% (7.59%) 0.00%

Growth

Metric EXOD TCX Software Infrastructure median
Revenue growth (TTM) (14.22%) 4.22% 13.41%
EPS growth (last fiscal year) (111.08%) 33.30% 27.10%
Revenue growth, 5-year CAGR — 4.63% 15.57%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric EXOD TCX Software Infrastructure median
Debt to equity 0.00 (2.41) 0.05
Current ratio 1.06 0.57 1.55
Net debt to EBITDA 0.25 15.65 0.08

Dividend

Metric EXOD TCX Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric EXOD TCX Software Infrastructure median
Market cap 182.43m 117.42m 752.37m

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