InterDigital, Inc. (IDCC) vs Procore Technologies, Inc. (PCOR)

InterDigital, Inc. and Procore Technologies, Inc. are both Software Application companies. InterDigital, Inc. is the larger, with a market value of $8.5B against $7.5B — 1.1× the size. Procore Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; InterDigital, Inc. trades at 28.5×. Procore Technologies, Inc. grew revenue faster over the last twelve months: 15.4% against −11.7%. InterDigital, Inc. has the higher net margin (38.3% vs −2.73%) and the higher return on invested capital (45.0% vs −6.94%). Across the 21 metrics below, InterDigital, Inc. leads on 14 and Procore Technologies, Inc. on 7.

Valuation

Metric IDCC PCOR Software Application median
P/E 28.49 n/m 24.79
P/S 10.95 5.25 2.67
P/B 7.18 5.84 3.01
Price to free cash flow 23.25 26.67 16.59
EV/EBITDA 18.67 143.95 14.40
EV/Sales 10.03 4.78 2.62
Earnings yield 3.51% (0.53%) 0.00%
Free cash flow yield 4.30% 3.75% 1.91%

Profitability

Metric IDCC PCOR Software Application median
Gross margin 100.00% 79.96% 67.03%
Operating margin 43.77% (4.86%) 0.00%
Net margin 38.32% (2.73%) 0.00%
Free cash flow margin 62.98% 19.67% 4.32%
Return on equity 26.40% (3.12%) 0.00%
Return on assets 14.47% (1.83%) 0.00%
Return on invested capital 45.04% (6.94%) 0.00%

Growth

Metric IDCC PCOR Software Application median
Revenue growth (TTM) (11.66%) 15.41% 12.40%
EPS growth (last fiscal year) (2.24%) 6.94% —
Revenue growth, 5-year CAGR 18.36% 27.00% 13.72%
Net income growth, 5-year CAGR 55.45% 0.00% 0.00%

Health

Metric IDCC PCOR Software Application median
Debt to equity 0.32 0.00 0.02
Current ratio 1.74 1.17 1.55
Net debt to EBITDA (1.43) 53.89 0.06

Dividend

Metric IDCC PCOR Software Application median
Dividend yield 1.38% — 1.25%
Payout ratio 0.22 0.00 0.00

Size

Metric IDCC PCOR Software Application median
Market cap 8.47b 7.46b 396.11m

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