Nebius Group N.V. (NBIS) vs Palo Alto Networks, Inc. (PANW)

Nebius Group N.V. and Palo Alto Networks, Inc. are both Software Infrastructure companies. Palo Alto Networks, Inc. is the larger, with a market value of $302.9B against $51.2B — 5.9× the size. Nebius Group N.V. trades at the lower P/E: 636× against 645×. Nebius Group N.V. grew revenue faster over the last twelve months: 511.5% against 24.5%. Nebius Group N.V. has the higher net margin (3.13% vs 2.67%) and the lower return on invested capital (−3.94% vs 1.66%). Across the 21 metrics below, Palo Alto Networks, Inc. leads on 12 and Nebius Group N.V. on 9.

Valuation

Metric NBIS PANW Software Infrastructure median
P/E 636.42 645.28 28.38
P/S 34.24 22.31 2.98
P/B 4.49 9.32 2.93
Price to free cash flow n/m 62.28 16.28
EV/EBITDA 330.50 118.01 13.92
EV/Sales 34.61 22.21 2.90
Earnings yield 0.16% 0.15% 0.14%
Free cash flow yield (12.67%) 1.61% 1.24%

Profitability

Metric NBIS PANW Software Infrastructure median
Gross margin 74.26% 70.36% 61.00%
Operating margin (50.48%) 6.05% 0.00%
Net margin 3.13% 2.67% 0.00%
Free cash flow margin (433.81%) 35.83% 1.67%
Return on equity 0.60% 1.74% 0.60%
Return on assets 0.26% 0.85% 0.00%
Return on invested capital (3.94%) 1.66% 0.00%

Growth

Metric NBIS PANW Software Infrastructure median
Revenue growth (TTM) 511.51% 24.50% 13.41%
EPS growth (last fiscal year) 117.52% (75.00%) 27.10%
Revenue growth, 5-year CAGR (29.09%) 21.95% 15.57%
Net income growth, 5-year CAGR (24.90%) 0.00% 0.00%

Health

Metric NBIS PANW Software Infrastructure median
Debt to equity 0.83 0.06 0.05
Current ratio 4.03 0.87 1.55
Net debt to EBITDA (2.60) (0.60) 0.08

Dividend

Metric NBIS PANW Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric NBIS PANW Software Infrastructure median
Market cap 51.22b 302.88b 752.37m

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