analyticsFintech / Vertical SaaS
Data as of Q3 2023
Summary Verdict
MODN: 0—VEEV: 5wins
Rule of 40
23.1MODN
60.5VEEV
check_circleVEEV leads
Revenue Growth
13.8%MODN
16.3%VEEV
check_circleVEEV leads
Gross Margin
57%MODN
76%VEEV
check_circleVEEV leads
FCF Margin
9.3%MODN
44.2%VEEV
check_circleVEEV leads
Operating Margin
-1.6%MODN
28.7%VEEV
check_circleVEEV leads
NRR
—MODN
—VEEV
Metric
Rule of 40Efficiency score
MODN
23.1
VEEV
60.5check_circle
Revenue GrowthYoY
MODN
13.8%
VEEV
16.3%check_circle
Gross Margin% of revenue
MODN
57%
VEEV
76%check_circle
FCF MarginFree cash flow
MODN
9.3%
VEEV
44.2%check_circle
Operating MarginGAAP
MODN
-1.6%
VEEV
28.7%check_circle
NRRNet retention
MODN
N/A
VEEV
N/A
EV / RevenueValuation multiple
MODN
4.5xcheck_circle
VEEV
8.3x
Market CapUSD
MODN
$1.2B
VEEV
$27.8Bcheck_circle
ARR GrowthYoY
MODN
N/A
VEEV
N/A
CAC PaybackMonths to recover
MODN
N/A
VEEV
N/A
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insights
Analysis
As of Q3 2023, Model N, Inc. trades at 4.5x EV/Revenue versus Veeva Systems Inc. at 8.3x. On the Rule of 40, Model N, Inc. scores 23.1 compared to Veeva Systems Inc.'s 60.5, placing Veeva Systems Inc. ahead in operating efficiency. Gross margins stand at Model N, Inc. 57% vs Veeva Systems Inc. 76%.