Nebius Group N.V. (NBIS) vs Block, Inc. (XYZ)

Nebius Group N.V. and Block, Inc. are both Software Infrastructure companies. Nebius Group N.V. is the larger, with a market value of $67.5B against $46.1B — 1.5× the size. Block, Inc. trades at the lower P/E: 132× against 913×. Nebius Group N.V. grew revenue faster over the last twelve months: 511.5% against 5.07%. Nebius Group N.V. has the higher net margin (3.13% vs 1.43%) and the lower return on invested capital (−3.94% vs 3.43%). Across the 21 metrics below, Block, Inc. leads on 15 and Nebius Group N.V. on 6.

Valuation

Metric NBIS XYZ Software Infrastructure median
P/E 912.81 131.76 28.02
P/S 49.11 1.82 3.07
P/B 6.44 2.08 3.36
Price to free cash flow n/m 11.77 17.12
EV/EBITDA 472.49 130.77 14.91
EV/Sales 49.48 1.86 3.03
Earnings yield 0.11% 0.76% 0.13%
Free cash flow yield (8.83%) 8.49% 1.15%

Profitability

Metric NBIS XYZ Software Infrastructure median
Gross margin 74.26% 46.36% 61.23%
Operating margin (50.48%) 4.67% 0.00%
Net margin 3.13% 1.43% 0.00%
Free cash flow margin (433.81%) 15.50% 1.67%
Return on equity 0.60% 1.62% 0.59%
Return on assets 0.26% 0.94% 0.00%
Return on invested capital (3.94%) 3.43% 0.00%

Growth

Metric NBIS XYZ Software Infrastructure median
Revenue growth (TTM) 511.51% 5.07% 13.41%
EPS growth (last fiscal year) 117.52% (53.95%) —
Revenue growth, 5-year CAGR (29.09%) 20.56% 15.81%
Net income growth, 5-year CAGR (24.90%) 43.70% 0.00%

Health

Metric NBIS XYZ Software Infrastructure median
Debt to equity 0.83 0.26 0.06
Current ratio 4.03 2.21 1.55
Net debt to EBITDA (2.60) 0.22 0.08

Dividend

Metric NBIS XYZ Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric NBIS XYZ Software Infrastructure median
Market cap 67.53b 46.11b 835.96m

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