JFrog Ltd. (FROG) vs Procore Technologies, Inc. (PCOR)

JFrog Ltd. and Procore Technologies, Inc. are both Software Application companies. Procore Technologies, Inc. is the larger, with a market value of $11.5B against $9.2B — 1.2× the size. JFrog Ltd. grew revenue faster over the last twelve months: 26.4% against 16.5%. Procore Technologies, Inc. has the higher net margin (−2.31% vs −7.35%) and the higher return on invested capital (−8.14% vs −31.7%). Across the 18 metrics below, Procore Technologies, Inc. leads on 12 and JFrog Ltd. on 6.

Valuation

Metric FROG PCOR Software Application median
P/E n/m n/m 25.90
P/S 15.17 7.71 3.04
P/B 9.47 10.56 2.60
Price to free cash flow 53.72 39.91 17.17
EV/EBITDA n/m 182.34 15.48
EV/Sales 13.79 7.30 2.89
Earnings yield (0.50%) (0.30%) 0.00%
Free cash flow yield 1.86% 2.51% 1.98%

Profitability

Metric FROG PCOR Software Application median
Gross margin 77.86% 80.15% 66.89%
Operating margin (11.52%) (4.13%) 0.00%
Net margin (7.35%) (2.31%) 0.00%
Free cash flow margin 28.29% 25.25% 5.77%
Return on equity (4.93%) (2.98%) 0.00%
Return on assets (3.27%) (1.34%) 0.00%
Return on invested capital (31.70%) (8.14%) 0.00%

Growth

Metric FROG PCOR Software Application median
Revenue growth (TTM) 26.37% 16.50% 12.27%
EPS growth (last fiscal year) 1.59% 6.94% 32.11%
Revenue growth, 5-year CAGR 28.66% 27.00% 14.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FROG PCOR Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 2.14 1.06 1.53
Net debt to EBITDA 9.70 53.89 0.09

Dividend

Metric FROG PCOR Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric FROG PCOR Software Application median
Market cap 9.20b 11.49b 487.58m

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