Mitek Systems, Inc. (MITK) vs PAR Technology Corporation (PAR)

Mitek Systems, Inc. and PAR Technology Corporation are both Software Application companies. Mitek Systems, Inc. and PAR Technology Corporation are of similar size ($761.7M and $717.6M). PAR Technology Corporation has negative trailing earnings, so its P/E is not meaningful; Mitek Systems, Inc. trades at 32.2×. PAR Technology Corporation grew revenue faster over the last twelve months: 18.8% against 11.1%. Mitek Systems, Inc. has the higher net margin (11.4% vs −14.5%) and the higher return on invested capital (11.0% vs −3.41%). Across the 19 metrics below, Mitek Systems, Inc. leads on 13 and PAR Technology Corporation on 6.

Valuation

Metric MITK PAR Software Application median
P/E 32.22 n/m 25.41
P/S 3.68 1.44 2.73
P/B 2.91 0.88 2.57
Price to free cash flow 14.97 n/m 17.58
EV/EBITDA 11.85 n/m 15.36
EV/Sales 3.42 2.11 2.59
Earnings yield 3.10% (10.16%) 0.00%
Free cash flow yield 6.68% (3.40%) 2.24%

Profitability

Metric MITK PAR Software Application median
Gross margin 83.61% 42.24% 67.03%
Operating margin 17.80% (12.58%) 0.00%
Net margin 11.39% (14.52%) 0.00%
Free cash flow margin 24.56% (4.90%) 5.01%
Return on equity 9.23% (8.62%) 0.00%
Return on assets 5.53% (5.22%) 0.00%
Return on invested capital 11.00% (3.41%) 0.00%

Growth

Metric MITK PAR Software Application median
Revenue growth (TTM) 11.10% 18.81% 12.48%
EPS growth (last fiscal year) 171.43% (1,392.86%) 32.26%
Revenue growth, 5-year CAGR 12.14% 16.34% 14.21%
Net income growth, 5-year CAGR 2.40% 0.00% 0.00%

Health

Metric MITK PAR Software Application median
Debt to equity 0.20 0.52 0.02
Current ratio 2.74 2.21 1.52
Net debt to EBITDA (4.63) (15.18) 0.08

Dividend

Metric MITK PAR Software Application median
Dividend yield — — 0.95%
Payout ratio — — 0.29

Size

Metric MITK PAR Software Application median
Market cap 761.66m 717.64m 357.77m

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