Ibotta, Inc. (IBTA) vs Securitize Corp. (SECZ)

Ibotta, Inc. and Securitize Corp. are both Software Application companies. Ibotta, Inc. is the larger, with a market value of $1.4B against $1.2B — 1.1× the size. Ibotta, Inc. has negative trailing earnings, so its P/E is not meaningful; Securitize Corp. trades at 217×. Securitize Corp. has the higher net margin (0.00% vs −4.49%) and the higher return on invested capital (0.00% vs −6.81%). Across the 12 metrics below, Securitize Corp. leads on 7 and Ibotta, Inc. on 5.

Valuation

Metric IBTA SECZ Software Application median
P/E n/m 216.86 25.90
P/S 3.79 n/m 3.04
P/B 5.70 n/m 2.60
Price to free cash flow 20.95 2,315.61 17.17
EV/EBITDA 439.55 n/m 15.48
EV/Sales 3.63 n/m 2.89
Earnings yield (1.15%) 0.46% 0.00%
Free cash flow yield 4.77% 0.04% 1.98%

Profitability

Metric IBTA SECZ Software Application median
Gross margin 78.41% — 66.89%
Operating margin (2.69%) 0.00% 0.00%
Net margin (4.49%) 0.00% 0.00%
Free cash flow margin 18.11% 0.00% 5.77%
Return on equity (5.65%) 0.00% 0.00%
Return on assets (3.02%) 0.00% 0.00%
Return on invested capital (6.81%) 0.00% 0.00%

Growth

Metric IBTA SECZ Software Application median
Revenue growth (TTM) 1.56% — 12.27%
EPS growth (last fiscal year) (95.31%) 106.78% 32.11%
Revenue growth, 5-year CAGR — — 14.34%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric IBTA SECZ Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 1.67 0.00 1.53
Net debt to EBITDA (24.45) 0.01 0.09

Dividend

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

Size

Metric IBTA SECZ Software Application median
Market cap 1.36b 1.20b 487.58m

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