Ibotta, Inc. (IBTA) vs PDF Solutions, Inc. (PDFS)

Ibotta, Inc. and PDF Solutions, Inc. are both Software Application companies. Ibotta, Inc. and PDF Solutions, Inc. are of similar size ($1.5B and $1.4B). Ibotta, Inc. has negative trailing earnings, so its P/E is not meaningful; PDF Solutions, Inc. trades at 90.8×. PDF Solutions, Inc. grew revenue faster over the last twelve months: 22.1% against 1.56%. PDF Solutions, Inc. has the higher net margin (6.28% vs −4.49%) and the higher return on invested capital (3.22% vs −6.81%). Across the 18 metrics below, PDF Solutions, Inc. leads on 11 and Ibotta, Inc. on 7.

Valuation

Metric IBTA PDFS Software Application median
P/E n/m 90.76 25.90
P/S 3.79 5.77 3.04
P/B 5.70 3.80 2.60
Price to free cash flow 20.95 n/m 17.17
EV/EBITDA 439.55 37.66 15.48
EV/Sales 3.63 5.57 2.89
Earnings yield (1.15%) 1.10% 0.00%
Free cash flow yield 4.77% (1.34%) 1.98%

Profitability

Metric IBTA PDFS Software Application median
Gross margin 78.41% 71.64% 66.89%
Operating margin (2.69%) 9.16% 0.00%
Net margin (4.49%) 6.28% 0.00%
Free cash flow margin 18.11% 19.48% 5.77%
Return on equity (5.65%) 4.90% 0.00%
Return on assets (3.02%) 3.35% 0.00%
Return on invested capital (6.81%) 3.22% 0.00%

Growth

Metric IBTA PDFS Software Application median
Revenue growth (TTM) 1.56% 22.10% 12.27%
EPS growth (last fiscal year) (95.31%) (120.00%) 32.11%
Revenue growth, 5-year CAGR — 19.99% 14.34%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric IBTA PDFS Software Application median
Debt to equity 0.00 0.17 0.02
Current ratio 1.67 3.29 1.53
Net debt to EBITDA (24.45) 1.22 0.09

Dividend

Metric IBTA PDFS Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric IBTA PDFS Software Application median
Market cap 1.36b 1.46b 487.58m

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