Procore Technologies, Inc. (PCOR) vs Ringcentral, Inc. (RNG)

Procore Technologies, Inc. and Ringcentral, Inc. are both Software Application companies. Procore Technologies, Inc. is the larger, with a market value of $7.5B against $6.7B — 1.1× the size. Procore Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Ringcentral, Inc. trades at 59.0×. Procore Technologies, Inc. grew revenue faster over the last twelve months: 15.4% against 5.22%. Ringcentral, Inc. has the higher net margin (4.27% vs −2.73%) and the higher return on invested capital (27.2% vs −6.94%). Across the 19 metrics below, Ringcentral, Inc. leads on 14 and Procore Technologies, Inc. on 5.

Valuation

Metric PCOR RNG Software Application median
P/E n/m 59.04 24.79
P/S 5.25 2.48 2.67
P/B 5.84 n/m 3.01
Price to free cash flow 26.67 11.15 16.59
EV/EBITDA 143.95 13.13 14.40
EV/Sales 4.78 2.87 2.62
Earnings yield (0.53%) 1.69% 0.00%
Free cash flow yield 3.75% 8.97% 1.91%

Profitability

Metric PCOR RNG Software Application median
Gross margin 79.96% 71.83% 67.03%
Operating margin (4.86%) 6.72% 0.00%
Net margin (2.73%) 4.27% 0.00%
Free cash flow margin 19.67% 22.31% 4.32%
Return on equity (3.12%) (20.10%) 0.00%
Return on assets (1.83%) 7.38% 0.00%
Return on invested capital (6.94%) 27.20% 0.00%

Growth

Metric PCOR RNG Software Application median
Revenue growth (TTM) 15.41% 5.22% 12.40%
EPS growth (last fiscal year) 6.94% 176.19% —
Revenue growth, 5-year CAGR 27.00% 16.27% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PCOR RNG Software Application median
Debt to equity 0.00 (1.84) 0.02
Current ratio 1.17 1.11 1.55
Net debt to EBITDA 53.89 2.19 0.06

Dividend

Metric PCOR RNG Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric PCOR RNG Software Application median
Market cap 7.46b 6.67b 396.11m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack