Grid Dynamics Holdings, Inc. (GDYN) vs Innodata Inc (INOD)

Grid Dynamics Holdings, Inc. and Innodata Inc are both Information Technology Services companies. Innodata Inc is the larger, with a market value of $1.3B against $1.1B — 1.2× the size. Innodata Inc trades at the lower P/E: 25.7× against 146×. Innodata Inc grew revenue faster over the last twelve months: 39.0% against 6.59%. Innodata Inc has the higher net margin (14.7% vs 1.81%) and the lower return on invested capital (0.00% vs 2.06%). Across the 22 metrics below, Innodata Inc leads on 14 and Grid Dynamics Holdings, Inc. on 8.

Valuation

Metric GDYN INOD Information Technology Services median
P/E 146.27 25.73 16.12
P/S 2.45 3.88 1.14
P/B 2.03 7.72 1.73
Price to free cash flow 40.34 6.70 13.77
EV/EBITDA 22.31 16.64 9.89
EV/Sales 1.76 3.34 1.34
Earnings yield 0.68% 3.89% 3.10%
Free cash flow yield 2.48% 14.93% 0.06%

Profitability

Metric GDYN INOD Information Technology Services median
Gross margin 36.53% 42.71% 30.04%
Operating margin 1.67% 17.48% 1.81%
Net margin 1.81% 14.66% 0.79%
Free cash flow margin 6.08% 57.97% 0.00%
Return on equity 1.48% 37.75% 0.00%
Return on assets 1.29% 19.00% 0.00%
Return on invested capital 2.06% 0.00% 0.00%

Growth

Metric GDYN INOD Information Technology Services median
Revenue growth (TTM) 6.59% 39.02% 4.85%
EPS growth (last fiscal year) 120.00% 3.37% 3.57%
Revenue growth, 5-year CAGR 29.91% 34.00% 6.93%
Net income growth, 5-year CAGR 0.00% 120.53% 0.00%

Health

Metric GDYN INOD Information Technology Services median
Debt to equity 0.00 0.49 0.31
Current ratio 7.34 1.73 1.69
Net debt to EBITDA (14.93) (1.56) 0.55

Dividend

Metric GDYN INOD Information Technology Services median
Dividend yield — — 1.97%
Payout ratio — — 0.29

Size

Metric GDYN INOD Information Technology Services median
Market cap 1.09b 1.33b 1.02b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack