Figma, Inc. (FIG) vs Paycom Software, Inc. (PAYC)

Figma, Inc. and Paycom Software, Inc. are both Software Application companies. Figma, Inc. and Paycom Software, Inc. are of similar size ($12.3B and $11.2B). Figma, Inc. has negative trailing earnings, so its P/E is not meaningful; Paycom Software, Inc. trades at 26.6×. Figma, Inc. grew revenue faster over the last twelve months: 43.4% against 9.22%. Paycom Software, Inc. has the higher net margin (22.8% vs −118.2%) and the higher return on invested capital (31.8% vs 0.00%). Only Paycom Software, Inc. pays a dividend (0.60%). Across the 19 metrics below, Paycom Software, Inc. leads on 14 and Figma, Inc. on 5.

Valuation

Metric FIG PAYC Software Application median
P/E n/m 26.57 25.41
P/S 8.84 5.36 2.73
P/B 7.66 20.08 2.57
Price to free cash flow 51.17 20.56 17.58
EV/EBITDA n/m 14.40 15.36
EV/Sales 7.54 5.69 2.59
Earnings yield (16.95%) 3.76% 0.00%
Free cash flow yield 1.95% 4.86% 2.24%

Profitability

Metric FIG PAYC Software Application median
Gross margin 79.14% 83.66% 67.03%
Operating margin (123.84%) 30.29% 0.00%
Net margin (118.18%) 22.78% 0.00%
Free cash flow margin 17.27% 26.87% 5.01%
Return on equity (117.60%) 41.09% 0.00%
Return on assets (69.06%) 10.56% 0.00%
Return on invested capital 0.00% 31.83% 0.00%

Growth

Metric FIG PAYC Software Application median
Revenue growth (TTM) 43.43% 9.22% 12.48%
EPS growth (last fiscal year) 0.80% (9.42%) 32.26%
Revenue growth, 5-year CAGR — 19.51% 14.21%
Net income growth, 5-year CAGR — 25.88% 0.00%

Health

Metric FIG PAYC Software Application median
Debt to equity 0.00 1.57 0.02
Current ratio 2.45 1.07 1.52
Net debt to EBITDA 1.32 (0.50) 0.08

Dividend

Metric FIG PAYC Software Application median
Dividend yield 0.00% 0.60% 0.95%
Payout ratio — 0.16 0.29

Size

Metric FIG PAYC Software Application median
Market cap 12.25b 11.20b 357.77m

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