MNTN Inc. (MNTN) vs PubMatic, Inc. (PUBM)

MNTN Inc. and PubMatic, Inc. are both Software Application companies. MNTN Inc. and PubMatic, Inc. are of similar size ($888.2M and $822.1M). PubMatic, Inc. has negative trailing earnings, so its P/E is not meaningful; MNTN Inc. trades at 14.3×. MNTN Inc. grew revenue faster over the last twelve months: 20.6% against −1.04%. MNTN Inc. has the higher net margin (18.0% vs −4.66%) and the higher return on invested capital (28.8% vs −9.01%). Across the 18 metrics below, MNTN Inc. leads on 18 and PubMatic, Inc. on 0.

Valuation

Metric MNTN PUBM Software Application median
P/E 14.30 n/m 24.79
P/S 2.60 2.97 2.67
P/B 2.43 3.59 3.01
Price to free cash flow 13.66 15.88 16.59
EV/EBITDA 11.13 29.02 14.40
EV/Sales 2.00 2.49 2.62
Earnings yield 6.99% (1.61%) 0.00%
Free cash flow yield 7.32% 6.30% 1.91%

Profitability

Metric MNTN PUBM Software Application median
Gross margin 80.75% 64.43% 67.03%
Operating margin 14.28% (5.05%) 0.00%
Net margin 18.00% (4.66%) 0.00%
Free cash flow margin 19.02% 18.68% 4.32%
Return on equity 19.01% (5.59%) 0.00%
Return on assets 15.25% (1.96%) 0.00%
Return on invested capital 28.82% (9.01%) 0.00%

Growth

Metric MNTN PUBM Software Application median
Revenue growth (TTM) 20.55% (1.04%) 12.40%
EPS growth (last fiscal year) 94.54% (234.78%) —
Revenue growth, 5-year CAGR — 13.72% 13.72%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MNTN PUBM Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 4.86 1.27 1.55
Net debt to EBITDA (6.20) (5.66) 0.06

Dividend

Metric MNTN PUBM Software Application median
Dividend yield — — 1.25%
Payout ratio — 0.00 0.00

Size

Metric MNTN PUBM Software Application median
Market cap 822.08m 888.21m 396.11m

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