Marqeta, Inc. (MQ) vs LiveRamp Holdings, Inc. (RAMP)

Marqeta, Inc. and LiveRamp Holdings, Inc. are both Software Infrastructure companies. LiveRamp Holdings, Inc. is the larger, with a market value of $2.3B against $2.0B — 1.2× the size. LiveRamp Holdings, Inc. trades at the lower P/E: 15.1× against 170×. Marqeta, Inc. grew revenue faster over the last twelve months: 22.4% against 8.85%. LiveRamp Holdings, Inc. has the higher net margin (18.7% vs 1.53%) and the higher return on invested capital (9.94% vs 0.00%). Across the 21 metrics below, LiveRamp Holdings, Inc. leads on 17 and Marqeta, Inc. on 4.

Valuation

Metric MQ RAMP Software Infrastructure median
P/E 169.91 15.10 28.38
P/S 2.91 2.72 2.98
P/B 2.75 2.32 2.93
Price to free cash flow 11.79 11.40 16.28
EV/EBITDA 59.79 19.35 13.92
EV/Sales 1.82 2.55 2.90
Earnings yield 0.59% 6.62% 0.14%
Free cash flow yield 8.48% 8.77% 1.24%

Profitability

Metric MQ RAMP Software Infrastructure median
Gross margin 69.99% 70.82% 61.00%
Operating margin (1.91%) 11.59% 0.00%
Net margin 1.53% 18.71% 0.00%
Free cash flow margin 24.69% 23.90% 1.67%
Return on equity 1.33% 16.18% 0.60%
Return on assets 0.80% 12.40% 0.00%
Return on invested capital 0.00% 9.94% 0.00%

Growth

Metric MQ RAMP Software Infrastructure median
Revenue growth (TTM) 22.41% 8.85% 13.41%
EPS growth (last fiscal year) (160.00%) 22,500.00% 27.10%
Revenue growth, 5-year CAGR 16.57% 12.91% 15.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MQ RAMP Software Infrastructure median
Debt to equity 0.31 0.00 0.05
Current ratio 1.66 2.66 1.55
Net debt to EBITDA 42.70 (4.00) 0.08

Dividend

Metric MQ RAMP Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric MQ RAMP Software Infrastructure median
Market cap 1.98b 2.28b 752.37m

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