Ibotta, Inc. (IBTA) vs PagerDuty (PD)

Ibotta, Inc. and PagerDuty are both Software Application companies. PagerDuty is the larger, with a market value of $1.2B against $966.0M — 1.2× the size. Ibotta, Inc. has negative trailing earnings, so its P/E is not meaningful; PagerDuty trades at 7.0×. PagerDuty grew revenue faster over the last twelve months: 2.30% against −6.65%. PagerDuty has the higher net margin (37.5% vs −3.21%) and the higher return on invested capital (12.6% vs −8.02%). Across the 18 metrics below, PagerDuty leads on 15 and Ibotta, Inc. on 3.

Valuation

Metric IBTA PD Software Application median
P/E n/m 7.05 24.79
P/S 2.79 2.25 2.67
P/B 3.96 4.79 3.01
Price to free cash flow 16.32 9.47 16.59
EV/EBITDA n/m 16.12 14.40
EV/Sales 2.62 2.22 2.62
Earnings yield (1.14%) 14.19% 0.00%
Free cash flow yield 6.13% 10.56% 1.91%

Profitability

Metric IBTA PD Software Application median
Gross margin 78.24% 84.84% 67.03%
Operating margin (3.49%) 6.47% 0.00%
Net margin (3.21%) 37.50% 0.00%
Free cash flow margin 17.07% 23.74% 4.32%
Return on equity (3.70%) 89.92% 0.00%
Return on assets (2.03%) 20.06% 0.00%
Return on invested capital (8.02%) 12.60% 0.00%

Growth

Metric IBTA PD Software Application median
Revenue growth (TTM) (6.65%) 2.30% 12.40%
EPS growth (last fiscal year) (95.31%) 416.95% —
Revenue growth, 5-year CAGR — 18.19% 13.72%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric IBTA PD Software Application median
Debt to equity 0.00 1.71 0.02
Current ratio 1.71 2.02 1.55
Net debt to EBITDA (24.45) (1.69) 0.06

Dividend

Metric IBTA PD Software Application median
Dividend yield — — 1.25%
Payout ratio — 0.00 0.00

Size

Metric IBTA PD Software Application median
Market cap 965.98m 1.19b 396.11m

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