F5, Inc. (FFIV) vs Rubrik, Inc. (RBRK)

F5, Inc. and Rubrik, Inc. are both Software Infrastructure companies. F5, Inc. and Rubrik, Inc. are of similar size ($25.3B and $23.6B). Rubrik, Inc. has negative trailing earnings, so its P/E is not meaningful; F5, Inc. trades at 34.9×. Rubrik, Inc. grew revenue faster over the last twelve months: 42.5% against 9.41%. F5, Inc. has the higher net margin (22.0% vs −16.5%) and the higher return on invested capital (22.6% vs 0.00%). Across the 17 metrics below, F5, Inc. leads on 13 and Rubrik, Inc. on 4.

Valuation

Metric FFIV RBRK Software Infrastructure median
P/E 34.89 n/m 28.02
P/S 7.59 14.60 3.07
P/B 6.52 n/m 3.36
Price to free cash flow 26.58 78.68 17.12
EV/EBITDA 26.78 n/m 14.91
EV/Sales 7.36 14.20 3.03
Earnings yield 2.87% (1.15%) 0.13%
Free cash flow yield 3.76% 1.27% 1.15%

Profitability

Metric FFIV RBRK Software Infrastructure median
Gross margin 81.87% 80.21% 61.23%
Operating margin 24.54% (18.31%) 0.00%
Net margin 21.95% (16.50%) 0.00%
Free cash flow margin 29.30% 18.56% 1.67%
Return on equity 19.83% 47.83% 0.59%
Return on assets 11.23% (9.72%) 0.00%
Return on invested capital 22.56% 0.00% 0.00%

Growth

Metric FFIV RBRK Software Infrastructure median
Revenue growth (TTM) 9.41% 42.45% 13.41%
EPS growth (last fiscal year) 23.56% 76.20% —
Revenue growth, 5-year CAGR 5.61% — 15.81%
Net income growth, 5-year CAGR 17.63% — 0.00%

Health

Metric FFIV RBRK Software Infrastructure median
Debt to equity 0.00 (2.27) 0.06
Current ratio 1.66 1.64 1.55
Net debt to EBITDA (0.65) 2.75 0.08

Dividend

Metric FFIV RBRK Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric FFIV RBRK Software Infrastructure median
Market cap 25.29b 23.59b 835.96m

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