Klaviyo, Inc. (KVYO) vs Workiva Inc. (WK)

Klaviyo, Inc. and Workiva Inc. are both Software Application companies. Klaviyo, Inc. is the larger, with a market value of $4.6B against $3.9B — 1.2× the size. Workiva Inc. trades at the lower P/E: 83.9× against 849×. Klaviyo, Inc. grew revenue faster over the last twelve months: 28.9% against 19.7%. Workiva Inc. has the higher net margin (4.87% vs 0.49%) and the higher return on invested capital (0.00% vs −12.1%). Across the 19 metrics below, Workiva Inc. leads on 12 and Klaviyo, Inc. on 7.

Valuation

Metric KVYO WK Software Application median
P/E 849.46 83.90 24.79
P/S 3.38 4.01 2.67
P/B 4.85 n/m 3.01
Price to free cash flow 19.84 19.36 16.59
EV/EBITDA 44.31 93.95 14.40
EV/Sales 2.78 3.98 2.62
Earnings yield 0.12% 1.19% 0.00%
Free cash flow yield 5.04% 5.17% 1.91%

Profitability

Metric KVYO WK Software Application median
Gross margin 73.79% 80.21% 67.03%
Operating margin (1.86%) 3.26% 0.00%
Net margin 0.49% 4.87% 0.00%
Free cash flow margin 17.01% 20.73% 4.32%
Return on equity 0.66% (57.50%) 0.00%
Return on assets 0.49% 3.46% 0.00%
Return on invested capital (12.11%) 0.00% 0.00%

Growth

Metric KVYO WK Software Application median
Revenue growth (TTM) 28.89% 19.67% 12.40%
EPS growth (last fiscal year) 35.29% 52.53% —
Revenue growth, 5-year CAGR — 20.26% 13.72%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric KVYO WK Software Application median
Debt to equity 0.00 (8.05) 0.02
Current ratio 3.13 1.47 1.55
Net debt to EBITDA (31.63) 3.25 0.06

Dividend

Metric KVYO WK Software Application median
Dividend yield — — 1.25%
Payout ratio — 0.00 0.00

Size

Metric KVYO WK Software Application median
Market cap 4.56b 3.89b 396.11m

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