Newegg Commerce, Inc. (NEGG) vs ThredUp Inc. (TDUP)

Newegg Commerce, Inc. and ThredUp Inc. are both Internet Retail companies. Newegg Commerce, Inc. and ThredUp Inc. are of similar size ($298.1M and $296.4M). ThredUp Inc. grew revenue faster over the last twelve months: 20.4% against −46.6%. Newegg Commerce, Inc. has the higher net margin (−1.55% vs −6.65%) and the higher return on invested capital (−4.01% vs −57.1%). Across the 18 metrics below, Newegg Commerce, Inc. leads on 9 and ThredUp Inc. on 9.

Valuation

Metric NEGG TDUP Internet Retail median
P/E n/m n/m 22.73
P/S 3.49 0.87 0.64
P/B 29.69 4.81 1.65
Price to free cash flow n/m 181.14 14.11
EV/EBITDA 761.71 n/m 15.68
EV/Sales 3.46 0.78 0.76
Earnings yield (0.43%) (7.56%) (0.11%)
Free cash flow yield (1.37%) 0.55% 0.00%

Profitability

Metric NEGG TDUP Internet Retail median
Gross margin 12.36% 79.52% 43.51%
Operating margin (0.55%) (7.11%) 0.08%
Net margin (1.55%) (6.65%) 0.56%
Free cash flow margin (4.79%) 0.48% 0.00%
Return on equity (15.76%) (36.76%) 0.00%
Return on assets (10.66%) (12.93%) 0.00%
Return on invested capital (4.01%) (57.05%) 0.00%

Growth

Metric NEGG TDUP Internet Retail median
Revenue growth (TTM) (46.64%) 20.37% 10.60%
EPS growth (last fiscal year) 89.33% 75.36% —
Revenue growth, 5-year CAGR (7.34%) 10.81% 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NEGG TDUP Internet Retail median
Debt to equity 0.21 0.29 0.13
Current ratio 1.55 0.99 1.49
Net debt to EBITDA 33.33 7.17 (0.25)

Dividend

Metric NEGG TDUP Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric NEGG TDUP Internet Retail median
Market cap 296.36m 298.13m 443.85m

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