Nutanix (NTNX) vs Rubrik, Inc. (RBRK)

Nutanix and Rubrik, Inc. are both Software Infrastructure companies. Rubrik, Inc. is the larger, with a market value of $23.6B against $18.5B — 1.3× the size. Rubrik, Inc. has negative trailing earnings, so its P/E is not meaningful; Nutanix trades at 12.2×. Rubrik, Inc. grew revenue faster over the last twelve months: 42.5% against 12.4%. Nutanix has the higher net margin (52.8% vs −16.5%) and the higher return on invested capital (0.00% vs 0.00%). Across the 16 metrics below, Nutanix leads on 14 and Rubrik, Inc. on 2.

Valuation

Metric NTNX RBRK Software Infrastructure median
P/E 12.21 n/m 28.02
P/S 6.45 14.60 3.07
P/B 26.20 n/m 3.36
Price to free cash flow 21.90 78.68 17.12
EV/EBITDA 49.69 n/m 14.91
EV/Sales 6.10 14.20 3.03
Earnings yield 8.19% (1.15%) 0.13%
Free cash flow yield 4.57% 1.27% 1.15%

Profitability

Metric NTNX RBRK Software Infrastructure median
Gross margin 86.80% 80.21% 61.23%
Operating margin 9.60% (18.31%) 0.00%
Net margin 52.81% (16.50%) 0.00%
Free cash flow margin 29.46% 18.56% 1.67%
Return on equity 37,461.61% 47.83% 0.59%
Return on assets 36.06% (9.72%) 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric NTNX RBRK Software Infrastructure median
Revenue growth (TTM) 12.44% 42.45% 13.41%
EPS growth (last fiscal year) 695.38% 76.20% —
Revenue growth, 5-year CAGR 15.40% — 15.81%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric NTNX RBRK Software Infrastructure median
Debt to equity 1.92 (2.27) 0.06
Current ratio 1.80 1.64 1.55
Net debt to EBITDA (2.89) 2.75 0.08

Dividend

Metric NTNX RBRK Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric NTNX RBRK Software Infrastructure median
Market cap 18.45b 23.59b 835.96m

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