Marqeta, Inc. (MQ) vs Nayax Ltd. (NYAX)

Marqeta, Inc. and Nayax Ltd. are both Software Infrastructure companies. Marqeta, Inc. and Nayax Ltd. are of similar size ($1.7B and $1.7B). Marqeta, Inc. trades at the lower P/E: 154× against 205×. Nayax Ltd. grew revenue faster over the last twelve months: 30.0% against 22.4%. Nayax Ltd. has the higher net margin (1.74% vs 1.53%) and the higher return on invested capital (6.41% vs 0.00%). Across the 20 metrics below, Nayax Ltd. leads on 11 and Marqeta, Inc. on 9.

Valuation

Metric MQ NYAX Software Infrastructure median
P/E 154.18 205.41 28.02
P/S 2.64 3.75 3.07
P/B 2.50 6.92 3.36
Price to free cash flow 10.70 n/m 17.12
EV/EBITDA 50.93 35.21 14.91
EV/Sales 1.55 3.58 3.03
Earnings yield 0.65% 0.49% 0.13%
Free cash flow yield 9.35% (0.40%) 1.15%

Profitability

Metric MQ NYAX Software Infrastructure median
Gross margin 69.99% 47.80% 61.23%
Operating margin (1.91%) 3.89% 0.00%
Net margin 1.53% 1.74% 0.00%
Free cash flow margin 24.69% (1.50%) 1.67%
Return on equity 1.33% 3.52% 0.59%
Return on assets 0.80% 1.01% 0.00%
Return on invested capital 0.00% 6.41% 0.00%

Growth

Metric MQ NYAX Software Infrastructure median
Revenue growth (TTM) 22.41% 29.98% 13.41%
EPS growth (last fiscal year) (160.00%) 687.50% —
Revenue growth, 5-year CAGR 16.57% 38.43% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MQ NYAX Software Infrastructure median
Debt to equity 0.31 1.47 0.06
Current ratio 1.66 2.12 1.55
Net debt to EBITDA 42.70 (1.25) 0.08

Dividend

Metric MQ NYAX Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric MQ NYAX Software Infrastructure median
Market cap 1.72b 1.67b 835.96m

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