Fusemachines Inc. (FUSE) vs Upland Software, Inc. (UPLD)

Fusemachines Inc. and Upland Software, Inc. are both Software Application companies. Upland Software, Inc. is the larger, with a market value of $11.6M against $9.1M — 1.3× the size. Upland Software, Inc. has negative trailing earnings, so its P/E is not meaningful; Fusemachines Inc. trades at 0.9×. Upland Software, Inc. has the higher net margin (−21.6% vs −55.6%) and the lower return on invested capital (−7.92% vs 0.00%). Across the 15 metrics below, Upland Software, Inc. leads on 11 and Fusemachines Inc. on 4.

Valuation

Metric FUSE UPLD Software Application median
P/E 0.86 n/m 26.44
P/S 1.23 0.06 2.90
P/B n/m n/m 2.60
Price to free cash flow n/m 0.56 17.04
EV/EBITDA n/m 3.55 15.48
EV/Sales 1.10 1.02 3.00
Earnings yield 115.63% (350.84%) 0.20%
Free cash flow yield (110.26%) 179.57% 1.96%

Profitability

Metric FUSE UPLD Software Application median
Gross margin 52.43% 76.00% 67.34%
Operating margin (144.00%) (6.24%) 0.00%
Net margin (55.60%) (21.55%) 0.00%
Free cash flow margin (135.76%) 10.63% 5.77%
Return on equity 20.52% 60.44% 0.00%
Return on assets (78.49%) (11.02%) 0.00%
Return on invested capital 0.00% (7.92%) 0.00%

Growth

Metric FUSE UPLD Software Application median
Revenue growth (TTM) — (17.37%) 12.12%
EPS growth (last fiscal year) 96.38% 63.38% 32.44%
Revenue growth, 5-year CAGR — (5.76%) 14.34%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FUSE UPLD Software Application median
Debt to equity (0.04) (2.37) 0.04
Current ratio 0.29 0.90 1.53
Net debt to EBITDA 0.61 4.13 0.09

Dividend

Metric FUSE UPLD Software Application median
Dividend yield — — 1.07%
Payout ratio — — 0.28

Size

Metric FUSE UPLD Software Application median
Market cap 9.11m 11.62m 383.88m

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