Fastly, Inc. (FSLY) vs Navan, Inc. (NAVN)

Fastly, Inc. and Navan, Inc. are both Software Application companies. Navan, Inc. is the larger, with a market value of $5.1B against $4.4B — 1.2× the size. Fastly, Inc. has the higher net margin (−11.8% vs −42.1%) and the higher return on invested capital (−5.26% vs −25.3%). Across the 17 metrics below, Fastly, Inc. leads on 12 and Navan, Inc. on 5.

Valuation

Metric FSLY NAVN Software Application median
P/E n/m n/m 24.79
P/S 5.72 6.03 2.67
P/B 3.97 3.78 3.01
Price to free cash flow 121.56 175.78 16.59
EV/EBITDA 5,250.15 n/m 14.40
EV/Sales 5.76 5.07 2.62
Earnings yield (2.12%) (26.06%) 0.00%
Free cash flow yield 0.82% 0.57% 1.91%

Profitability

Metric FSLY NAVN Software Application median
Gross margin 61.47% 72.55% 67.03%
Operating margin (11.96%) (25.72%) 0.00%
Net margin (11.80%) (42.11%) 0.00%
Free cash flow margin 5.01% 3.43% 4.32%
Return on equity (8.39%) (540.18%) 0.00%
Return on assets (5.47%) (38.41%) 0.00%
Return on invested capital (5.26%) (25.34%) 0.00%

Growth

Metric FSLY NAVN Software Application median
Revenue growth (TTM) 20.35% — 12.40%
EPS growth (last fiscal year) 27.19% (1.76%) —
Revenue growth, 5-year CAGR 16.49% — 13.72%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FSLY NAVN Software Application median
Debt to equity 0.33 0.09 0.02
Current ratio 3.36 4.38 1.55
Net debt to EBITDA 0.00 5.39 0.06

Dividend

Metric FSLY NAVN Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 — 0.00

Size

Metric FSLY NAVN Software Application median
Market cap 4.40b 5.11b 396.11m

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