Model N, Inc. vs Veeva Systems Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsFintech
Data as of Q1 2024
Summary Verdict
MODN: 0—VEEV: 5wins
Rule of 40
5.8MODN
107.7VEEV
check_circleVEEV leads
Revenue Growth
16.3%MODN
24.2%VEEV
check_circleVEEV leads
Gross Margin
57%MODN
75%VEEV
check_circleVEEV leads
FCF Margin
-10.5%MODN
83.5%VEEV
check_circleVEEV leads
Operating Margin
-2.1%MODN
28.9%VEEV
check_circleVEEV leads
NRR
—MODN
—VEEV
Metric
Rule of 40Efficiency score
MODN
5.8
VEEV
107.7check_circle
Revenue GrowthYoY
MODN
16.3%
VEEV
24.2%check_circle
Gross Margin% of revenue
MODN
57%
VEEV
75%check_circle
FCF MarginFree cash flow
MODN
-10.5%
VEEV
83.5%check_circle
Operating MarginGAAP
MODN
-2.1%
VEEV
28.9%check_circle
NRRNet retention
MODN
N/A
VEEV
N/A
EV / RevenueValuation multiple
MODN
4.4xcheck_circle
VEEV
12.8x
Market CapUSD
MODN
$1.2B
VEEV
$44.7Bcheck_circle
ARR GrowthYoY
MODN
N/A
VEEV
N/A
CAC PaybackMonths to recover
MODN
N/A
VEEV
N/A
insights
Analysis
As of Q1 2024, Model N, Inc. trades at 4.4x EV/Revenue versus Veeva Systems Inc. at 12.8x. On the Rule of 40, Model N, Inc. scores 5.8 compared to Veeva Systems Inc.'s 107.7, placing Veeva Systems Inc. ahead in operating efficiency. Gross margins stand at Model N, Inc. 57% vs Veeva Systems Inc. 75%.
Sector Context
Model N, Inc. operates in the Fintech sector and Veeva Systems Inc. operates in the Vertical SaaS sector. The median comparison above shows where they stand relative to their respective peers.