Remitly Global, Inc. (RELY) vs WEX Inc. (WEX)

Remitly Global, Inc. and WEX Inc. are both Software Infrastructure companies. WEX Inc. is the larger, with a market value of $6.2B against $5.2B — 1.2× the size. Remitly Global, Inc. trades at the lower P/E: 16.7× against 17.9×. Remitly Global, Inc. grew revenue faster over the last twelve months: 23.8% against 7.46%. Remitly Global, Inc. has the higher net margin (16.9% vs 12.6%) and the higher return on invested capital (23.6% vs 0.00%). Across the 21 metrics below, Remitly Global, Inc. leads on 17 and WEX Inc. on 4.

Valuation

Metric RELY WEX Software Infrastructure median
P/E 16.66 17.86 28.38
P/S 2.81 2.26 2.98
P/B 4.52 4.69 2.93
Price to free cash flow 13.58 126.32 16.28
EV/EBITDA 21.18 4.68 13.92
EV/Sales 2.53 1.74 2.90
Earnings yield 6.00% 5.60% 0.14%
Free cash flow yield 7.36% 0.79% 1.24%

Profitability

Metric RELY WEX Software Infrastructure median
Gross margin 61.46% 59.61% 61.00%
Operating margin 9.45% 25.47% 0.00%
Net margin 16.85% 12.56% 0.00%
Free cash flow margin 20.73% 1.79% 1.67%
Return on equity 32.25% 30.19% 0.60%
Return on assets 22.32% 2.25% 0.00%
Return on invested capital 23.57% 0.00% 0.00%

Growth

Metric RELY WEX Software Infrastructure median
Revenue growth (TTM) 23.79% 7.46% 13.41%
EPS growth (last fiscal year) 263.16% 12.93% 27.10%
Revenue growth, 5-year CAGR 44.79% 11.27% 15.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RELY WEX Software Infrastructure median
Debt to equity 0.00 2.62 0.05
Current ratio 3.18 1.04 1.55
Net debt to EBITDA (3.10) (2.49) 0.08

Dividend

Metric RELY WEX Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric RELY WEX Software Infrastructure median
Market cap 5.22b 6.17b 752.37m

Compare with another peer

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