Nebius Group N.V. (NBIS) vs VeriSign, Inc. (VRSN)

Nebius Group N.V. and VeriSign, Inc. are both Software Infrastructure companies. Nebius Group N.V. is the larger, with a market value of $46.3B against $27.7B — 1.7× the size. VeriSign, Inc. trades at the lower P/E: 33.2× against 657×. Nebius Group N.V. grew revenue faster over the last twelve months: 511.5% against 6.86%. VeriSign, Inc. has the higher net margin (49.8% vs 3.13%) and the higher return on invested capital (0.00% vs −3.94%). Across the 20 metrics below, VeriSign, Inc. leads on 15 and Nebius Group N.V. on 5.

Valuation

Metric NBIS VRSN Software Infrastructure median
P/E 657.35 33.21 24.17
P/S 35.36 16.30 3.07
P/B 4.63 n/m 2.92
Price to free cash flow n/m 26.11 16.59
EV/EBITDA 341.25 24.81 14.11
EV/Sales 35.73 17.06 2.91
Earnings yield 0.15% 3.01% 0.00%
Free cash flow yield (12.27%) 3.83% 0.30%

Profitability

Metric NBIS VRSN Software Infrastructure median
Gross margin 74.26% 88.47% 59.21%
Operating margin (50.48%) 67.86% 0.00%
Net margin 3.13% 49.77% 0.00%
Free cash flow margin (433.81%) 62.42% 0.00%
Return on equity 0.60% (40.02%) 0.00%
Return on assets 0.26% 52.95% 0.00%
Return on invested capital (3.94%) 0.00% 0.00%

Growth

Metric NBIS VRSN Software Infrastructure median
Revenue growth (TTM) 511.51% 6.86% 12.44%
EPS growth (last fiscal year) 117.52% 10.13% 20.22%
Revenue growth, 5-year CAGR (29.09%) 5.54% 15.74%
Net income growth, 5-year CAGR (24.90%) 0.26% 0.00%

Health

Metric NBIS VRSN Software Infrastructure median
Debt to equity 0.83 (1.04) 0.04
Current ratio 4.03 0.59 1.53
Net debt to EBITDA (2.60) 1.06 0.06

Dividend

Metric NBIS VRSN Software Infrastructure median
Dividend yield — 1.04% 1.04%
Payout ratio — 0.35 0.29

Size

Metric NBIS VRSN Software Infrastructure median
Market cap 46.28b 27.68b 646.36m

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