Flywire Corporation (FLYW) vs LiveRamp Holdings, Inc. (RAMP)

Flywire Corporation and LiveRamp Holdings, Inc. are both Software Infrastructure companies. Flywire Corporation and LiveRamp Holdings, Inc. are of similar size ($2.3B and $2.1B). LiveRamp Holdings, Inc. trades at the lower P/E: 15.1× against 64.8×. Flywire Corporation grew revenue faster over the last twelve months: 32.2% against 8.85%. LiveRamp Holdings, Inc. has the higher net margin (18.7% vs 4.77%) and the higher return on invested capital (9.94% vs 4.70%). Across the 20 metrics below, LiveRamp Holdings, Inc. leads on 16 and Flywire Corporation on 4.

Valuation

Metric FLYW RAMP Software Infrastructure median
P/E 64.81 15.12 28.02
P/S 3.00 2.73 3.07
P/B 2.62 2.32 3.36
Price to free cash flow 13.94 11.41 17.12
EV/EBITDA 26.34 17.71 14.91
EV/Sales 2.61 2.34 3.03
Earnings yield 1.54% 6.61% 0.13%
Free cash flow yield 7.17% 8.76% 1.15%

Profitability

Metric FLYW RAMP Software Infrastructure median
Gross margin 100.00% 70.82% 61.23%
Operating margin 5.51% 11.59% 0.00%
Net margin 4.77% 18.71% 0.00%
Free cash flow margin 21.54% 23.90% 1.67%
Return on equity 4.23% 16.18% 0.59%
Return on assets 2.99% 12.40% 0.00%
Return on invested capital 4.70% 9.94% 0.00%

Growth

Metric FLYW RAMP Software Infrastructure median
Revenue growth (TTM) 32.21% 8.85% 13.41%
EPS growth (last fiscal year) 450.00% 22,500.00% —
Revenue growth, 5-year CAGR 36.44% 12.91% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FLYW RAMP Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 1.52 2.66 1.55
Net debt to EBITDA (9.18) (4.00) 0.08

Dividend

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

Size

Metric FLYW RAMP Software Infrastructure median
Market cap 2.08b 2.28b 835.96m

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