Alkami Technology, Inc. vs WEX Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
ALKT: 4—WEX: 1wins
Rule of 40
30.3ALKT
-53.8WEX
check_circleALKT leads
Revenue Growth
35.6%ALKT
2.4%WEX
check_circleALKT leads
Gross Margin
58%ALKT
42%WEX
check_circleALKT leads
FCF Margin
-5.3%ALKT
-56.1%WEX
check_circleALKT leads
Operating Margin
-11.4%ALKT
36.7%WEX
check_circleWEX leads
NRR
—ALKT
—WEX
Metric
Rule of 40Efficiency score
ALKT
30.3check_circle
WEX
-53.8
Revenue GrowthYoY
ALKT
35.6%check_circle
WEX
2.4%
Gross Margin% of revenue
ALKT
58%check_circle
WEX
42%
FCF MarginFree cash flow
ALKT
-5.3%check_circle
WEX
-56.1%
Operating MarginGAAP
ALKT
-11.4%
WEX
36.7%check_circle
NRRNet retention
ALKT
N/A
WEX
N/A
EV / RevenueValuation multiple
ALKT
4.3xcheck_circle
WEX
4.6x
Market CapUSD
ALKT
$2.0B
WEX
$6.6Bcheck_circle
ARR GrowthYoY
ALKT
N/A
WEX
N/A
CAC PaybackMonths to recover
ALKT
N/A
WEX
N/A
insights
Analysis
As of Q2 2026, Alkami Technology, Inc. trades at 4.3x EV/Revenue versus WEX Inc. at 4.6x. On the Rule of 40, Alkami Technology, Inc. scores 30.3 compared to WEX Inc.'s -53.8, placing Alkami Technology, Inc. ahead in operating efficiency. Gross margins stand at Alkami Technology, Inc. 58% vs WEX Inc. 42%.
Sector Context
Both companies operate in the Fintech sector. The median columns above show where each company stands relative to their peers.