Model N, Inc. vs WEX Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
MODN: 4—WEX: 1wins
Rule of 40
5.8MODN
-59.6WEX
check_circleMODN leads
Revenue Growth
16.3%MODN
-1.3%WEX
check_circleMODN leads
Gross Margin
57%MODN
40%WEX
check_circleMODN leads
FCF Margin
-10.5%MODN
-58.3%WEX
check_circleMODN leads
Operating Margin
-2.1%MODN
35.6%WEX
check_circleWEX leads
NRR
—MODN
—WEX
Metric
Rule of 40Efficiency score
MODN
5.8check_circle
WEX
-59.6
Revenue GrowthYoY
MODN
16.3%check_circle
WEX
-1.3%
Gross Margin% of revenue
MODN
57%check_circle
WEX
40%
FCF MarginFree cash flow
MODN
-10.5%check_circle
WEX
-58.3%
Operating MarginGAAP
MODN
-2.1%
WEX
35.6%check_circle
NRRNet retention
MODN
N/A
WEX
N/A
EV / RevenueValuation multiple
MODN
4.4x
WEX
4.2xcheck_circle
Market CapUSD
MODN
$1.2B
WEX
$5.5Bcheck_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 4.2x. On the Rule of 40, Model N, Inc. scores 5.8 compared to WEX Inc.'s -59.6, placing Model N, Inc. ahead in operating efficiency. Gross margins stand at Model N, Inc. 57% vs WEX Inc. 40%.
Sector Context
Both companies operate in the Fintech sector. The median columns above show where each company stands relative to their peers.