Navan, Inc. (NAVN) vs Nice (NICE)

Navan, Inc. and Nice are both Software Application companies. Navan, Inc. is the larger, with a market value of $7.1B against $5.8B — 1.2× the size. Navan, Inc. has negative trailing earnings, so its P/E is not meaningful; Nice trades at 13.8×. Nice has the higher net margin (13.9% vs −42.1%) and the higher return on invested capital (10.4% vs −25.3%). Across the 17 metrics below, Nice leads on 15 and Navan, Inc. on 2.

Valuation

Metric NAVN NICE Software Application median
P/E n/m 13.81 25.90
P/S 7.91 1.84 3.04
P/B 4.97 1.46 2.60
Price to free cash flow 230.64 10.07 17.17
EV/EBITDA n/m 7.69 15.48
EV/Sales 6.95 2.03 2.89
Earnings yield (19.86%) 7.24% 0.00%
Free cash flow yield 0.43% 9.93% 1.98%

Profitability

Metric NAVN NICE Software Application median
Gross margin 72.55% 65.12% 66.89%
Operating margin (25.72%) 18.50% 0.00%
Net margin (42.11%) 13.86% 0.00%
Free cash flow margin 3.43% 18.29% 5.77%
Return on equity (540.18%) 0.00% 0.00%
Return on assets (38.41%) 8.16% 0.00%
Return on invested capital (25.34%) 10.37% 0.00%

Growth

Metric NAVN NICE Software Application median
Revenue growth (TTM) — 8.14% 12.27%
EPS growth (last fiscal year) (1.76%) 43.05% 32.11%
Revenue growth, 5-year CAGR — 12.31% 14.34%
Net income growth, 5-year CAGR — 25.53% 0.00%

Health

Metric NAVN NICE Software Application median
Debt to equity 0.09 0.00 0.02
Current ratio 4.38 1.33 1.53
Net debt to EBITDA 5.39 (0.49) 0.09

Dividend

Metric NAVN NICE Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric NAVN NICE Software Application median
Market cap 7.05b 5.82b 487.58m

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