Procore Technologies, Inc. (PCOR) vs Full Truck Alliance Co. Ltd. Sponsored ADR (YMM)

Procore Technologies, Inc. and Full Truck Alliance Co. Ltd. Sponsored ADR are both Software Application companies. Procore Technologies, Inc. and Full Truck Alliance Co. Ltd. Sponsored ADR are of similar size ($7.6B and $7.5B). Procore Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Full Truck Alliance Co. Ltd. Sponsored ADR trades at 13.8×. Procore Technologies, Inc. grew revenue faster over the last twelve months: 15.4% against 12.2%. Full Truck Alliance Co. Ltd. Sponsored ADR has the higher net margin (33.2% vs −2.73%) and the higher return on invested capital (15.6% vs −6.94%). Across the 19 metrics below, Full Truck Alliance Co. Ltd. Sponsored ADR leads on 16 and Procore Technologies, Inc. on 3.

Valuation

Metric PCOR YMM Software Application median
P/E n/m 13.78 24.79
P/S 5.25 4.50 2.67
P/B 5.84 1.40 3.01
Price to free cash flow 26.67 5.41 16.59
EV/EBITDA 143.95 7.94 14.40
EV/Sales 4.78 2.68 2.62
Earnings yield (0.53%) 7.26% 0.00%
Free cash flow yield 3.75% 18.49% 1.91%

Profitability

Metric PCOR YMM Software Application median
Gross margin 79.96% 65.80% 67.03%
Operating margin (4.86%) 33.79% 0.00%
Net margin (2.73%) 33.18% 0.00%
Free cash flow margin 19.67% 0.00% 4.32%
Return on equity (3.12%) 10.81% 0.00%
Return on assets (1.83%) 9.81% 0.00%
Return on invested capital (6.94%) 15.59% 0.00%

Growth

Metric PCOR YMM Software Application median
Revenue growth (TTM) 15.41% 12.21% 12.40%
EPS growth (last fiscal year) 6.94% 50.00% —
Revenue growth, 5-year CAGR 27.00% 35.19% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PCOR YMM Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 1.17 7.96 1.55
Net debt to EBITDA 53.89 (4.05) 0.06

Dividend

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

Size

Metric PCOR YMM Software Application median
Market cap 7.46b 7.61b 396.11m

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