Five9, Inc. vs RingCentral, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsCommunications
Data as of Q1 2026
Summary Verdict
FIVN: 1—RNG: 4wins
Rule of 40
23.4FIVN
24.3RNG
check_circleRNG leads
Revenue Growth
10.8%FIVN
4.8%RNG
check_circleFIVN leads
Gross Margin
55%FIVN
71%RNG
check_circleRNG leads
FCF Margin
12.7%FIVN
19.5%RNG
check_circleRNG leads
Operating Margin
2.4%FIVN
5.1%RNG
check_circleRNG leads
NRR
—FIVN
—RNG
Metric
Rule of 40Efficiency score
FIVN
23.4
RNG
24.3check_circle
Revenue GrowthYoY
FIVN
10.8%check_circle
RNG
4.8%
Gross Margin% of revenue
FIVN
55%
RNG
71%check_circle
FCF MarginFree cash flow
FIVN
12.7%
RNG
19.5%check_circle
Operating MarginGAAP
FIVN
2.4%
RNG
5.1%check_circle
NRRNet retention
FIVN
N/A
RNG
N/A
EV / RevenueValuation multiple
FIVN
1.7xcheck_circle
RNG
2.0x
Market CapUSD
FIVN
$1.9B
RNG
$3.7Bcheck_circle
ARR GrowthYoY
FIVN
N/A
RNG
N/A
CAC PaybackMonths to recover
FIVN
N/A
RNG
N/A
insights
Analysis
As of Q1 2026, Five9, Inc. trades at 1.7x EV/Revenue versus RingCentral, Inc. at 2.0x. On the Rule of 40, Five9, Inc. scores 23.4 compared to RingCentral, Inc.'s 24.3, placing RingCentral, Inc. ahead in operating efficiency. Gross margins stand at Five9, Inc. 55% vs RingCentral, Inc. 71%.
Sector Context
Both companies operate in the Communications sector. The median columns above show where each company stands relative to their peers.