UiPath, Inc. (PATH) vs WEX Inc. (WEX)

UiPath, Inc. and WEX Inc. are both Software Infrastructure companies. UiPath, Inc. and WEX Inc. are of similar size ($6.6B and $6.3B). WEX Inc. trades at the lower P/E: 17.5× against 18.6×. UiPath, Inc. grew revenue faster over the last twelve months: 15.0% against 7.46%. UiPath, Inc. has the higher net margin (21.0% vs 12.6%) and the higher return on invested capital (14.4% vs 0.00%). Across the 21 metrics below, UiPath, Inc. leads on 14 and WEX Inc. on 7.

Valuation

Metric PATH WEX Software Infrastructure median
P/E 18.60 17.53 28.02
P/S 3.76 2.22 3.07
P/B 3.32 4.60 3.36
Price to free cash flow 17.84 123.97 17.12
EV/EBITDA 17.76 3.80 14.91
EV/Sales 3.02 1.42 3.03
Earnings yield 5.38% 5.70% 0.13%
Free cash flow yield 5.61% 0.81% 1.15%

Profitability

Metric PATH WEX Software Infrastructure median
Gross margin 82.55% 59.61% 61.23%
Operating margin 8.89% 25.47% 0.00%
Net margin 21.03% 12.56% 0.00%
Free cash flow margin 21.09% 1.79% 1.67%
Return on equity 20.03% 30.19% 0.59%
Return on assets 13.16% 2.25% 0.00%
Return on invested capital 14.42% 0.00% 0.00%

Growth

Metric PATH WEX Software Infrastructure median
Revenue growth (TTM) 14.98% 7.46% 13.41%
EPS growth (last fiscal year) 500.00% 12.93% —
Revenue growth, 5-year CAGR 21.53% 11.27% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PATH WEX Software Infrastructure median
Debt to equity 0.00 2.62 0.06
Current ratio 2.39 1.04 1.55
Net debt to EBITDA (8.52) (2.49) 0.08

Dividend

Metric PATH WEX Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric PATH WEX Software Infrastructure median
Market cap 6.57b 6.32b 835.96m

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