Figma, Inc. (FIG) vs Grab Holdings Limited (GRAB)

Figma, Inc. and Grab Holdings Limited are both Software Application companies. Grab Holdings Limited is the larger, with a market value of $14.2B against $9.8B — 1.4× the size. Figma, Inc. has negative trailing earnings, so its P/E is not meaningful; Grab Holdings Limited trades at 25.9×. Figma, Inc. grew revenue faster over the last twelve months: 44.4% against 22.9%. Grab Holdings Limited has the higher net margin (14.8% vs −40.2%) and the higher return on invested capital (3.43% vs 0.00%). Across the 17 metrics below, Grab Holdings Limited leads on 11 and Figma, Inc. on 6.

Valuation

Metric FIG GRAB Software Application median
P/E n/m 25.89 25.90
P/S 7.14 3.58 3.04
P/B 6.76 1.96 2.60
Price to free cash flow 46.75 n/m 17.17
EV/EBITDA n/m 24.92 15.48
EV/Sales 5.91 2.67 2.89
Earnings yield (5.70%) 3.86% 0.00%
Free cash flow yield 2.14% (0.01%) 1.98%

Profitability

Metric FIG GRAB Software Application median
Gross margin 81.38% 44.39% 66.89%
Operating margin (40.71%) 5.06% 0.00%
Net margin (40.21%) 14.79% 0.00%
Free cash flow margin 15.86% (0.05%) 5.77%
Return on equity 0.00% 8.53% 0.00%
Return on assets (24.65%) 4.59% 0.00%
Return on invested capital 0.00% 3.43% 0.00%

Growth

Metric FIG GRAB Software Application median
Revenue growth (TTM) 44.35% 22.92% 12.27%
EPS growth (last fiscal year) 0.80% 300.00% 32.11%
Revenue growth, 5-year CAGR — 48.35% 14.34%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FIG GRAB Software Application median
Debt to equity 0.00 0.29 0.02
Current ratio 2.45 1.38 1.53
Net debt to EBITDA 1.32 (19.63) 0.09

Dividend

Metric FIG GRAB Software Application median
Dividend yield 0.00% — 1.10%
Payout ratio — — 0.28

Size

Metric FIG GRAB Software Application median
Market cap 9.83b 14.16b 487.58m

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