Ibotta, Inc. (IBTA) vs Red Violet, Inc. (RDVT)

Ibotta, Inc. and Red Violet, Inc. are both Software Application companies. Ibotta, Inc. and Red Violet, Inc. are of similar size ($1.2B and $1.1B). Ibotta, Inc. has negative trailing earnings, so its P/E is not meaningful; Red Violet, Inc. trades at 63.8×. Red Violet, Inc. grew revenue faster over the last twelve months: 20.2% against −6.65%. Red Violet, Inc. has the higher net margin (16.5% vs −3.21%) and the higher return on invested capital (18.0% vs −8.02%). Across the 17 metrics below, Red Violet, Inc. leads on 11 and Ibotta, Inc. on 6.

Valuation

Metric IBTA RDVT Software Application median
P/E n/m 63.79 25.41
P/S 3.25 10.59 2.73
P/B 4.61 9.40 2.57
Price to free cash flow 19.01 49.50 17.58
EV/EBITDA n/m 34.76 15.36
EV/Sales 3.08 10.11 2.59
Earnings yield (0.98%) 1.57% 0.00%
Free cash flow yield 5.26% 2.02% 2.24%

Profitability

Metric IBTA RDVT Software Application median
Gross margin 78.24% 84.70% 67.03%
Operating margin (3.49%) 17.89% 0.00%
Net margin (3.21%) 16.54% 0.00%
Free cash flow margin 17.07% 21.40% 5.01%
Return on equity (3.70%) 15.76% 0.00%
Return on assets (2.03%) 14.54% 0.00%
Return on invested capital (8.02%) 17.96% 0.00%

Growth

Metric IBTA RDVT Software Application median
Revenue growth (TTM) (6.65%) 20.18% 12.48%
EPS growth (last fiscal year) (95.31%) 82.00% 32.26%
Revenue growth, 5-year CAGR — 21.15% 14.21%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric IBTA RDVT Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 1.71 10.88 1.52
Net debt to EBITDA (24.45) (1.83) 0.08

Dividend

Metric IBTA RDVT Software Application median
Dividend yield — 0.00% 0.95%
Payout ratio — 0.00 0.29

Size

Metric IBTA RDVT Software Application median
Market cap 1.13b 1.24b 357.77m

Compare with another peer

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