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Chargement
Argos
/
Services
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Corporate finance
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Benchmark performance
Benchmark performance
Software, France
Demonstration
: Example scope, real companies and figures.
France
Software - Other · Enterprise software +1
All sizes
Year 2024
Guide
Compose my scope
Listed companies
49
measured of 1,017 matched
SS
DS
BS
UE
TA
Unlisted companies
3,745
in the scope · 1,446 with revenue
AI news
62
judged articles · 33 favourable · 3 unfavourable
Verdict
Performance
Mapping
Deals
Profile versus the most profitable quarter
Median · 49 listed
?
EBITDA margin
13.3 %
ROE
7.2 %
Net margin
5.3 %
Growth
7.7 %
Autonomy
43.6 %
Profile versus the most profitable quarter
Benchmark (49)
Top 25% margin (12)
Margins
Median · 49 listed
?
EBITDA margin : 13.3 %
EBIT margin : 8 %
Net margin : 5.3 %
Margins
0 à 25 %
EBITDA margin
13.3 %
EBIT margin
8 %
Net margin
5.3 %
Margins
Results and trajectory
From revenue to net income
Yearly median · 49 listed
?
0 €
0 %
50 M€
2 %
100 M€
4 %
150 M€
6 %
Revenue, 2021 : 100 M€
EBITDA, 2021 : 9.8 M€
EBIT, 2021 : 7.2 M€
Net income, 2021 : 4.8 M€
2021
Revenue, 2022 : 114 M€
EBITDA, 2022 : 8 M€
EBIT, 2022 : 6.4 M€
Net income, 2022 : 2.9 M€
2022
Revenue, 2023 : 135 M€
EBITDA, 2023 : 16 M€
EBIT, 2023 : 8.9 M€
Net income, 2023 : 4.2 M€
2023
Revenue, 2024 : 145 M€
EBITDA, 2024 : 12 M€
EBIT, 2024 : 6.8 M€
Net income, 2024 : 2.4 M€
2024
Net margin, 2021 : 4.8 %
Net margin, 2022 : 2.5 %
Net margin, 2023 : 3.1 %
Net margin, 2024 : 1.6 %
From revenue to net income
Revenue
EBITDA
EBIT
Net income
Net margin
2021: 44 · 2022: 44 · 2023: 49 · 2024: 48 companies
Revenue and growth
Yearly median · 49 listed
?
0 €
0 %
50 M€
10 %
100 M€
20 %
150 M€
30 %
Median revenue, 2021 : 100 M€
2021
Median revenue, 2022 : 114 M€
2022
Median revenue, 2023 : 135 M€
2023
Median revenue, 2024 : 145 M€
2024
Growth, 2022 : 13.6 %
Growth, 2023 : 18.9 %
Growth, 2024 : 7.6 %
Net margin, 2021 : 4.8 %
Net margin, 2022 : 2.5 %
Net margin, 2023 : 3.1 %
Net margin, 2024 : 1.6 %
Revenue and growth
Median revenue
Growth
Net margin
Cash conversion
Yearly median · 49 listed
?
-10 M€
-100 %
0 €
-50 %
10 M€
0 %
20 M€
50 %
EBITDA, 2021 : 9.8 M€
Net income, 2021 : 4.8 M€
FCF, 2021 : -4 M€
2021
EBITDA, 2022 : 8 M€
Net income, 2022 : 2.9 M€
FCF, 2022 : -5.7 M€
2022
EBITDA, 2023 : 16 M€
Net income, 2023 : 4.2 M€
FCF, 2023 : 1.3 M€
2023
EBITDA, 2024 : 12 M€
Net income, 2024 : 2.4 M€
FCF, 2024 : 1.1 M€
2024
EBITDA margin, 2021 : 9.8 %
EBITDA margin, 2022 : 7.1 %
EBITDA margin, 2023 : 11.6 %
EBITDA margin, 2024 : 8.5 %
FCF / EBITDA conversion, 2021 : -41.3 %
FCF / EBITDA conversion, 2022 : -71 %
FCF / EBITDA conversion, 2023 : 8.4 %
FCF / EBITDA conversion, 2024 : 8.9 %
Cash conversion
EBITDA
Net income
FCF
EBITDA margin
FCF / EBITDA conversion
Gaps between companies
Spread: return and soundness
Quartiles · 49 listed
?
Net margin
Net margin : median 5.3 %, p25 to p75 -7.8 % / 13.1 %, p10 to p90 -28.6 % / 21.2 %, 47 companies
Return on equity
Return on equity : median 7.2 %, p25 to p75 -5.2 % / 20.2 %, p10 to p90 -51.2 % / 48.4 %, 48 companies
Net debt to EBITDA
Net debt to EBITDA : median -0.2x, p25 to p75 -1.1x / 1.6x, p10 to p90 -4x / 2.5x, 48 companies
Equity to assets
Equity to assets : median 43.6 %, p25 to p75 29.8 % / 57.6 %, p10 to p90 18 % / 65 %, 48 companies
soundness
p25 · MEDIAN · p75
5.3 %
7.2 %
-0.2x
43.6 %
Spread: return and soundness
Spread: growth and margins
Quartiles · 49 listed
?
Revenue growth
Revenue growth : median 7.7 %, p25 to p75 -2.2 % / 17.2 %, p10 to p90 -14.7 % / 28.9 %, 49 companies
EBITDA margin
EBITDA margin : median 13.3 %, p25 to p75 2.1 % / 24.1 %, p10 to p90 -12.5 % / 29.2 %, 48 companies
EBIT margin
EBIT margin : median 8 %, p25 to p75 0.1 % / 19.1 %, p10 to p90 -18.8 % / 24.4 %, 47 companies
Gross margin
Gross margin : median 40.2 %, p25 to p75 28.6 % / 70 %, p10 to p90 14.9 % / 83.9 %, 47 companies
margins
p25 · MEDIAN · p75
7.7 %
13.3 %
8 %
40.2 %
Spread: growth and margins
By group
By size
Median · 49 listed
?
-5 %
0 %
0 %
2 %
5 %
4 %
10 %
6 %
15 %
8 %
20 %
10 %
EBITDA margin, Under EUR 100m revenue (21) : 4.6 %
ROE, Under EUR 100m revenue (21) : -2.5 %
Under EUR 100m revenue (21)
EBITDA margin, EUR 100m to 1bn revenue (24) : 16.6 %
ROE, EUR 100m to 1bn revenue (24) : 11 %
EUR 100m to 1bn revenue (24)
EBITDA margin, EUR 1bn to 10bn revenue (3) : 4.7 %
ROE, EUR 1bn to 10bn revenue (3) : 13.2 %
EUR 1bn to 10bn revenue (3)
Growth, Under EUR 100m revenue (21) : 2.2 %
Growth, EUR 100m to 1bn revenue (24) : 9.3 %
Growth, EUR 1bn to 10bn revenue (3) : 4.4 %
By size
EBITDA margin
ROE
Growth
By growth profile
Median · 49 listed
?
-10 %
-20 %
0 %
0 %
10 %
20 %
20 %
40 %
EBITDA margin, Growth above 15% (14) : 17.1 %
ROE, Growth above 15% (14) : 9.3 %
Growth above 15% (14)
EBITDA margin, Growth 5% to 15% (14) : 17.3 %
ROE, Growth 5% to 15% (14) : 12.6 %
Growth 5% to 15% (14)
EBITDA margin, Growth below 5% (21) : 1 %
ROE, Growth below 5% (21) : -3 %
Growth below 5% (21)
Growth, Growth above 15% (14) : 25.7 %
Growth, Growth 5% to 15% (14) : 9.2 %
Growth, Growth below 5% (21) : -3.4 %
By growth profile
EBITDA margin
ROE
Growth
By leverage band
Median · 49 listed
?
0 %
0 %
10 %
5 %
20 %
10 %
30 %
15 %
EBITDA margin, Net cash (26) : 13.4 %
ROE, Net cash (26) : 7.4 %
Net cash (26)
EBITDA margin, Leverage below 1.5x (8) : 20.8 %
ROE, Leverage below 1.5x (8) : 14.2 %
Leverage below 1.5x (8)
EBITDA margin, Leverage above 1.5x (14) : 10.7 %
ROE, Leverage above 1.5x (14) : 6.4 %
Leverage above 1.5x (14)
Growth, Net cash (26) : 7.7 %
Growth, Leverage below 1.5x (8) : 7.4 %
Growth, Leverage above 1.5x (14) : 8.8 %
By leverage band
EBITDA margin
ROE
Growth
By reporting currency
Median · 49 listed
?
0 %
0 %
5 %
5 %
10 %
10 %
15 %
15 %
EBITDA margin, EUR (47) : 13.3 %
ROE, EUR (47) : 7.2 %
EUR (47)
EBITDA margin, USD (2) : 8.4 %
ROE, USD (2) : 9.2 %
USD (2)
Growth, EUR (47) : 7.7 %
Growth, USD (2) : 2.7 %
By reporting currency
EBITDA margin
ROE
Growth
