Flywire Corporation (FLYW) vs GigaCloud Technology Inc. (GCT)

Flywire Corporation and GigaCloud Technology Inc. are both Software Infrastructure companies. Flywire Corporation is the larger, with a market value of $2.1B against $1.9B — 1.1× the size. GigaCloud Technology Inc. trades at the lower P/E: 12.7× against 64.8×. Flywire Corporation grew revenue faster over the last twelve months: 32.2% against 22.9%. GigaCloud Technology Inc. has the higher net margin (10.7% vs 4.77%) and the higher return on invested capital (68.3% vs 4.70%). Across the 22 metrics below, GigaCloud Technology Inc. leads on 14 and Flywire Corporation on 8.

Valuation

Metric FLYW GCT Software Infrastructure median
P/E 64.81 12.75 28.02
P/S 3.00 1.34 3.07
P/B 2.62 3.69 3.36
Price to free cash flow 13.94 12.48 17.12
EV/EBITDA 26.34 8.88 14.91
EV/Sales 2.61 1.09 3.03
Earnings yield 1.54% 7.84% 0.13%
Free cash flow yield 7.17% 8.01% 1.15%

Profitability

Metric FLYW GCT Software Infrastructure median
Gross margin 100.00% 23.96% 61.23%
Operating margin 5.51% 11.65% 0.00%
Net margin 4.77% 10.65% 0.00%
Free cash flow margin 21.54% 10.76% 1.67%
Return on equity 4.23% 32.34% 0.59%
Return on assets 2.99% 13.25% 0.00%
Return on invested capital 4.70% 68.33% 0.00%

Growth

Metric FLYW GCT Software Infrastructure median
Revenue growth (TTM) 32.21% 22.86% 13.41%
EPS growth (last fiscal year) 450.00% 17.70% —
Revenue growth, 5-year CAGR 36.44% 36.17% 15.81%
Net income growth, 5-year CAGR 0.00% 60.35% 0.00%

Health

Metric FLYW GCT Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 1.52 2.09 1.55
Net debt to EBITDA (9.18) (2.71) 0.08

Dividend

Metric FLYW GCT Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric FLYW GCT Software Infrastructure median
Market cap 2.08b 1.89b 835.96m

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