MediaAlpha, Inc. (MAX) vs Nextdoor Holdings, Inc. (NXDR)

MediaAlpha, Inc. and Nextdoor Holdings, Inc. are both Internet Content & Information companies. MediaAlpha, Inc. and Nextdoor Holdings, Inc. are of similar size ($873.1M and $866.5M). Nextdoor Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; MediaAlpha, Inc. trades at 7.3×. MediaAlpha, Inc. grew revenue faster over the last twelve months: 15.2% against 9.79%. MediaAlpha, Inc. has the higher net margin (8.35% vs −11.1%) and the higher return on invested capital (33.2% vs −87.4%). Across the 19 metrics below, MediaAlpha, Inc. leads on 11 and Nextdoor Holdings, Inc. on 8.

Valuation

Metric MAX NXDR Internet Content & Information median
P/E 7.28 n/m 12.33
P/S 0.61 3.09 0.92
P/B 40.17 2.07 1.27
Price to free cash flow 14.64 69.25 8.78
EV/EBITDA 9.87 n/m 9.87
EV/Sales 0.73 1.72 1.09
Earnings yield 13.73% (3.39%) 0.68%
Free cash flow yield 6.83% 1.44% 3.61%

Profitability

Metric MAX NXDR Internet Content & Information median
Gross margin 14.84% 84.19% 66.11%
Operating margin 7.22% (16.62%) 0.36%
Net margin 8.35% (11.08%) 1.24%
Free cash flow margin 4.19% 4.47% 3.47%
Return on equity (469.64%) (7.24%) 0.00%
Return on assets 33.85% (6.39%) 0.00%
Return on invested capital 33.20% (87.38%) 0.00%

Growth

Metric MAX NXDR Internet Content & Information median
Revenue growth (TTM) 15.22% 9.79% 5.63%
EPS growth (last fiscal year) 25.81% 44.00% 34.37%
Revenue growth, 5-year CAGR 13.75% 15.88% 10.46%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MAX NXDR Internet Content & Information median
Debt to equity 8.85 0.00 0.01
Current ratio 1.32 13.27 1.85
Net debt to EBITDA 4.09 5.78 (0.53)

Dividend

Metric MAX NXDR Internet Content & Information median
Dividend yield — — 1.12%
Payout ratio — — 0.28

Size

Metric MAX NXDR Internet Content & Information median
Market cap 873.08m 866.54m 621.10m

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