Gorilla Technology Group Inc. (GRRR) vs i3 Verticals, Inc. (IIIV)

Gorilla Technology Group Inc. and i3 Verticals, Inc. are both Software Infrastructure companies. Gorilla Technology Group Inc. and i3 Verticals, Inc. are of similar size ($398.3M and $394.5M). Gorilla Technology Group Inc. has negative trailing earnings, so its P/E is not meaningful; i3 Verticals, Inc. trades at 37.2×. i3 Verticals, Inc. has the higher net margin (3.90% vs −53.0%) and the higher return on invested capital (0.72% vs 0.00%). Across the 17 metrics below, i3 Verticals, Inc. leads on 14 and Gorilla Technology Group Inc. on 3.

Valuation

Metric GRRR IIIV Software Infrastructure median
P/E n/m 37.20 28.02
P/S 3.92 1.32 3.07
P/B 2.13 0.72 3.36
Price to free cash flow n/m 6.89 17.12
EV/EBITDA n/m 11.93 14.91
EV/Sales 2.78 1.96 3.03
Earnings yield (16.49%) 2.69% 0.13%
Free cash flow yield (9.90%) 14.51% 1.15%

Profitability

Metric GRRR IIIV Software Infrastructure median
Gross margin 34.12% 100.00% 61.23%
Operating margin (54.62%) 2.72% 0.00%
Net margin (53.03%) 3.90% 0.00%
Free cash flow margin 0.00% 19.22% 1.67%
Return on equity 0.00% 1.87% 0.59%
Return on assets 0.00% 1.36% 0.00%
Return on invested capital 0.00% 0.72% 0.00%

Growth

Metric GRRR IIIV Software Infrastructure median
Revenue growth (TTM) — 14.65% 13.41%
EPS growth (last fiscal year) 91.68% (84.91%) —
Revenue growth, 5-year CAGR 17.42% 7.26% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GRRR IIIV Software Infrastructure median
Debt to equity 0.43 0.29 0.06
Current ratio 2.24 1.21 1.55
Net debt to EBITDA 6.91 (1.93) 0.08

Dividend

Metric GRRR IIIV Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio — 0.00 0.00

Size

Metric GRRR IIIV Software Infrastructure median
Market cap 394.49m 398.25m 835.96m

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