Katapult Holdings, Inc. (KPLT) vs Repay Holdings Corporation (RPAY)

Katapult Holdings, Inc. and Repay Holdings Corporation are both Software Infrastructure companies. Katapult Holdings, Inc. is the larger, with a market value of $490.4M against $369.5M — 1.3× the size. Repay Holdings Corporation has negative trailing earnings, so its P/E is not meaningful; Katapult Holdings, Inc. trades at 4.7×. Katapult Holdings, Inc. grew revenue faster over the last twelve months: 13.0% against 8.84%. Katapult Holdings, Inc. has the higher net margin (1.86% vs −49.6%) and the higher return on invested capital (17.2% vs −8.46%). Across the 17 metrics below, Katapult Holdings, Inc. leads on 11 and Repay Holdings Corporation on 6.

Valuation

Metric KPLT RPAY Software Infrastructure median
P/E 4.69 n/m 28.38
P/S 0.12 0.99 2.98
P/B n/m 0.71 2.93
Price to free cash flow n/m 10.71 16.28
EV/EBITDA 1.03 n/m 13.92
EV/Sales 0.59 2.87 2.90
Earnings yield 21.34% (50.75%) 0.14%
Free cash flow yield (11.00%) 9.34% 1.24%

Profitability

Metric KPLT RPAY Software Infrastructure median
Gross margin 18.49% 73.49% 61.00%
Operating margin 1.27% (44.24%) 0.00%
Net margin 1.86% (49.57%) 0.00%
Free cash flow margin (1.29%) 9.25% 1.67%
Return on equity (12.44%) (30.21%) 0.60%
Return on assets 5.82% (11.08%) 0.00%
Return on invested capital 17.21% (8.46%) 0.00%

Growth

Metric KPLT RPAY Software Infrastructure median
Revenue growth (TTM) 12.96% 8.84% 13.41%
EPS growth (last fiscal year) 98.15% (2,627.27%) 27.10%
Revenue growth, 5-year CAGR 3.37% 14.81% 15.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric KPLT RPAY Software Infrastructure median
Debt to equity (2.06) 1.61 0.05
Current ratio 0.90 1.45 1.55
Net debt to EBITDA 0.33 (1.88) 0.08

Dividend

Metric KPLT RPAY Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric KPLT RPAY Software Infrastructure median
Market cap 490.43m 369.50m 752.37m

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