nCino Inc. (NCNO) vs Vertex, Inc. (VERX)

nCino Inc. and Vertex, Inc. are both Software Application companies. nCino Inc. is the larger, with a market value of $2.1B against $1.9B — 1.1× the size. nCino Inc. trades at the lower P/E: 62.6× against 331×. Vertex, Inc. grew revenue faster over the last twelve months: 10.8% against 8.57%. nCino Inc. has the higher net margin (5.40% vs 0.45%) and the higher return on invested capital (2.63% vs −2.39%). Across the 21 metrics below, nCino Inc. leads on 14 and Vertex, Inc. on 7.

Valuation

Metric NCNO VERX Software Application median
P/E 62.61 330.52 24.79
P/S 3.27 2.33 2.67
P/B 2.19 7.61 3.01
Price to free cash flow 15.40 36.22 16.59
EV/EBITDA 21.15 19.28 14.40
EV/Sales 3.66 2.47 2.62
Earnings yield 1.60% 0.30% 0.00%
Free cash flow yield 6.49% 2.76% 1.91%

Profitability

Metric NCNO VERX Software Application median
Gross margin 62.24% 63.95% 67.03%
Operating margin 7.92% (1.69%) 0.00%
Net margin 5.40% 0.45% 0.00%
Free cash flow margin 21.24% 6.43% 4.32%
Return on equity 3.38% 1.46% 0.00%
Return on assets 2.11% 0.30% 0.00%
Return on invested capital 2.63% (2.39%) 0.00%

Growth

Metric NCNO VERX Software Application median
Revenue growth (TTM) 8.57% 10.83% 12.40%
EPS growth (last fiscal year) 115.15% 111.76% —
Revenue growth, 5-year CAGR 23.83% 14.84% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NCNO VERX Software Application median
Debt to equity 0.35 1.40 0.02
Current ratio 0.85 0.87 1.55
Net debt to EBITDA 2.88 0.22 0.06

Dividend

Metric NCNO VERX Software Application median
Dividend yield — 0.05% 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric NCNO VERX Software Application median
Market cap 2.11b 1.89b 396.11m

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