Shift4 Payments, Inc. (FOUR) vs Paymentus Holdings, Inc. (PAY)

Shift4 Payments, Inc. and Paymentus Holdings, Inc. are both Software Infrastructure companies. Paymentus Holdings, Inc. is the larger, with a market value of $3.9B against $3.0B — 1.3× the size. Paymentus Holdings, Inc. trades at the lower P/E: 45.0× against 61.0×. Shift4 Payments, Inc. grew revenue faster over the last twelve months: 32.4% against 30.2%. Paymentus Holdings, Inc. has the higher net margin (6.24% vs 0.92%) and the higher return on invested capital (27.6% vs 4.12%). Across the 22 metrics below, Paymentus Holdings, Inc. leads on 12 and Shift4 Payments, Inc. on 10.

Valuation

Metric FOUR PAY Software Infrastructure median
P/E 61.03 45.03 28.02
P/S 1.27 2.79 3.07
P/B 3.51 6.19 3.36
Price to free cash flow 19.60 31.35 17.12
EV/EBITDA 10.89 23.29 14.91
EV/Sales 2.14 2.51 3.03
Earnings yield 1.64% 2.22% 0.13%
Free cash flow yield 5.10% 3.19% 1.15%

Profitability

Metric FOUR PAY Software Infrastructure median
Gross margin 35.91% 24.95% 61.23%
Operating margin 8.11% 7.58% 0.00%
Net margin 0.92% 6.24% 0.00%
Free cash flow margin 6.50% 8.92% 1.67%
Return on equity 3.20% 15.02% 0.59%
Return on assets 0.56% 12.71% 0.00%
Return on invested capital 4.12% 27.57% 0.00%

Growth

Metric FOUR PAY Software Infrastructure median
Revenue growth (TTM) 32.44% 30.21% 13.41%
EPS growth (last fiscal year) (64.36%) 48.57% —
Revenue growth, 5-year CAGR 40.37% 31.72% 15.81%
Net income growth, 5-year CAGR 0.00% 51.01% 0.00%

Health

Metric FOUR PAY Software Infrastructure median
Debt to equity 2.60 0.00 0.06
Current ratio 1.21 4.89 1.55
Net debt to EBITDA 4.44 (2.68) 0.08

Dividend

Metric FOUR PAY Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric FOUR PAY Software Infrastructure median
Market cap 3.04b 3.90b 835.96m

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