Model N, Inc. vs WEX Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
MODN: 4—WEX: 1wins
Rule of 40
5.8MODN
-53.8WEX
check_circleMODN leads
Revenue Growth
16.3%MODN
2.4%WEX
check_circleMODN leads
Gross Margin
57%MODN
42%WEX
check_circleMODN leads
FCF Margin
-10.5%MODN
-56.1%WEX
check_circleMODN leads
Operating Margin
-2.1%MODN
36.7%WEX
check_circleWEX leads
NRR
—MODN
—WEX
Metric
Rule of 40Efficiency score
MODN
5.8check_circle
WEX
-53.8
Revenue GrowthYoY
MODN
16.3%check_circle
WEX
2.4%
Gross Margin% of revenue
MODN
57%check_circle
WEX
42%
FCF MarginFree cash flow
MODN
-10.5%check_circle
WEX
-56.1%
Operating MarginGAAP
MODN
-2.1%
WEX
36.7%check_circle
NRRNet retention
MODN
N/A
WEX
N/A
EV / RevenueValuation multiple
MODN
4.4xcheck_circle
WEX
4.7x
Market CapUSD
MODN
$1.2B
WEX
$6.7Bcheck_circle
ARR GrowthYoY
MODN
N/A
WEX
N/A
CAC PaybackMonths to recover
MODN
N/A
WEX
N/A
insights
Analysis
As of Q1 2024, Model N, Inc. trades at 4.4x EV/Revenue versus WEX Inc. at 4.7x. On the Rule of 40, Model N, Inc. scores 5.8 compared to WEX Inc.'s -53.8, placing Model N, Inc. ahead in operating efficiency. Gross margins stand at Model N, Inc. 57% 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.