Procore Technologies, Inc.

Technology
Computer Software: Prepackaged Software
www.procore.com

Moat Score

Market Cap $9.56B
PE -75
Debt -
Cash $313.73M
EV -
FCF $171.97M

Earnings

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Sales & Net Margins

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Earnings	-$127.98M
EBIT	-$121.17M
ROE	-11%
ROA	-6%
FCF	$171.97M
Equity	$1.18B
Growth Stability	1
PE	-74.73
PB	8.09
P/FCF	55.62
P/S	8.02
Price/Cash	0.03
Net Margins	-11%
Gross Margins	81%
Op. Margins	-10%
Sales Growth YoY	15%
Sales Growth QoQ	3%
Sales CAGR	30%
FCF CAGR	53%
Equity CAGR	2%
Earnings Growth YoY	201%

Earnings Growth QoQ	-47%
Sales CAGR 5Y	31%
FCF CAGR 5Y	65%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	28%
Sales CAGR 3Y	28%
FCF CAGR 3Y	191%
Equity CAGR 3Y	5%
Market Cap	$9.56B
Revenue	$1.19B
Assets	$1.95B
Cash	$313.73M
Shares Outstanding	149.1M
Moat Score	6%
Working Capital	130.89M
Current Ratio	1.19
Gross Profit	$968.10M
Shares Growth 3y	4%
Equity Growth QoQ	-8%
Equity Growth YoY	-1%

Assets & ROA

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Stockholders Equity & ROE

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Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.

SEC Filings

Direct access to Procore Technologies, Inc. (PCOR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Procore Technologies, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Procore Technologies, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Procore Technologies, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Procore Technologies, Inc..

Years

Calculation mode

= $61B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$172M	$262M	$400M	$611M	$933M	$1.4B	$2.2B	$3.3B	$5.1B	$7.7B	$12B	$118B
DCF		$239M	$331M	$459M	$637M	$884M	$1.2B	$1.7B	$2.4B	$3.3B	$4.5B	$45B
Value	$61B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-29%	-25%	-52%	-40%	-20%	-9%	-11%
ROA	-	-7%	-17%	-16%	-10%	-5%	-6%
ROE	-	36%	-22%	-26%	-16%	-8%	-11%

Bad Net Margins (-10.62%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	38%	29%	40%	32%	21%	31%
Earnings YoY growth	-	19%	167%	8%	-34%	-44%	-
Equity YoY growth	-	7%	-537%	-6%	3%	11%	3%
FCF YoY growth	-	-173%	66%	-113%	-3K%	117%	65%