Paymentus Holdings, Inc. (PAY) vs Remitly Global, Inc. (RELY)

Paymentus Holdings, Inc. and Remitly Global, Inc. are both Software Infrastructure companies. Remitly Global, Inc. is the larger, with a market value of $4.5B against $3.9B — 1.2× the size. Remitly Global, Inc. trades at the lower P/E: 14.8× against 45.0×. Paymentus Holdings, Inc. grew revenue faster over the last twelve months: 30.2% against 23.8%. Remitly Global, Inc. has the higher net margin (16.9% vs 6.24%) and the lower return on invested capital (23.6% vs 27.6%). Across the 22 metrics below, Remitly Global, Inc. leads on 17 and Paymentus Holdings, Inc. on 5.

Valuation

Metric PAY RELY Software Infrastructure median
P/E 45.03 14.79 28.02
P/S 2.79 2.50 3.07
P/B 6.19 4.01 3.36
Price to free cash flow 31.35 12.05 17.12
EV/EBITDA 23.29 18.52 14.91
EV/Sales 2.51 2.21 3.03
Earnings yield 2.22% 6.76% 0.13%
Free cash flow yield 3.19% 8.30% 1.15%

Profitability

Metric PAY RELY Software Infrastructure median
Gross margin 24.95% 61.46% 61.23%
Operating margin 7.58% 9.45% 0.00%
Net margin 6.24% 16.85% 0.00%
Free cash flow margin 8.92% 20.73% 1.67%
Return on equity 15.02% 32.25% 0.59%
Return on assets 12.71% 22.32% 0.00%
Return on invested capital 27.57% 23.57% 0.00%

Growth

Metric PAY RELY Software Infrastructure median
Revenue growth (TTM) 30.21% 23.79% 13.41%
EPS growth (last fiscal year) 48.57% 263.16% —
Revenue growth, 5-year CAGR 31.72% 44.79% 15.81%
Net income growth, 5-year CAGR 51.01% 0.00% 0.00%

Health

Metric PAY RELY Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 4.89 3.18 1.55
Net debt to EBITDA (2.68) (3.10) 0.08

Dividend

Metric PAY RELY Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric PAY RELY Software Infrastructure median
Market cap 3.90b 4.50b 835.96m

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