Rubrik, Inc. (RBRK) vs VeriSign, Inc. (VRSN)

Rubrik, Inc. and VeriSign, Inc. are both Software Infrastructure companies. VeriSign, Inc. is the larger, with a market value of $26.4B against $23.6B — 1.1× the size. Rubrik, Inc. has negative trailing earnings, so its P/E is not meaningful; VeriSign, Inc. trades at 31.1×. Rubrik, Inc. grew revenue faster over the last twelve months: 42.5% against 6.86%. VeriSign, Inc. has the higher net margin (49.8% vs −16.5%) and the higher return on invested capital (0.00% vs 0.00%). Across the 16 metrics below, VeriSign, Inc. leads on 9 and Rubrik, Inc. on 7.

Valuation

Metric RBRK VRSN Software Infrastructure median
P/E n/m 31.12 28.02
P/S 14.60 15.27 3.07
P/B n/m n/m 3.36
Price to free cash flow 78.68 24.47 17.12
EV/EBITDA n/m 23.32 14.91
EV/Sales 14.20 16.03 3.03
Earnings yield (1.15%) 3.21% 0.13%
Free cash flow yield 1.27% 4.09% 1.15%

Profitability

Metric RBRK VRSN Software Infrastructure median
Gross margin 80.21% 88.47% 61.23%
Operating margin (18.31%) 67.86% 0.00%
Net margin (16.50%) 49.77% 0.00%
Free cash flow margin 18.56% 62.42% 1.67%
Return on equity 47.83% (40.02%) 0.59%
Return on assets (9.72%) 52.95% 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric RBRK VRSN Software Infrastructure median
Revenue growth (TTM) 42.45% 6.86% 13.41%
EPS growth (last fiscal year) 76.20% 10.13% —
Revenue growth, 5-year CAGR — 5.54% 15.81%
Net income growth, 5-year CAGR — 0.26% 0.00%

Health

Metric RBRK VRSN Software Infrastructure median
Debt to equity (2.27) (1.04) 0.06
Current ratio 1.64 0.59 1.55
Net debt to EBITDA 2.75 1.06 0.08

Dividend

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

Size

Metric RBRK VRSN Software Infrastructure median
Market cap 23.59b 26.36b 835.96m

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