A Business at a Glance
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Our mission is to connect everyone in construction on a global platform. We are the leading global provider of construction management software, and are helping transform one of the oldest, largest, and least digitized industries in the world. We focus exclusively on connecting and empowering the construction industry’s key stakeholders, such as owners, general contractors, and specialty contractors, to collaborate and access our capabilities from any location on any connected device. Our platform is modernizing and digitizing construction management by enabling timely access to critical project information, simplifying complex workflows, and facilitating seamless communication among relevant stakeholders, all of which we believe positions us to serve as a critical system of record and collaboration for the construction industry. We also continue to develop other products and services to address related challenges faced by the construction industry’s key stakeholders.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.3B | 1.2B | 950M | 720M | 515M |
| Net Income | -101M | -101M | -106M | -190M | -287M | -265M |
| EPS | $-0.67 | $-0.67 | $-0.72 | $-1.34 | $-2.10 | $-2.86 |
| Free Cash Flow | 282M | 282M | 177M | 82M | -3.2M | 24M |
| ROIC | -11.5% | -7.7% | -8.0% | -15.8% | -24.7% | -21.4% |
| Gross Margin | 79.5% | 79.5% | 45.0% | 40.2% | 79.4% | 27.9% |
| Debt/Equity | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -124M | -124M | -136M | -216M | -290M | -286M |
| Operating Margin | -9.4% | -9.4% | -11.8% | -22.7% | -40.3% | -55.5% |
| ROE | -8.0% | -7.9% | -8.2% | -16.4% | -25.7% | -22.3% |
| Shares Outstanding | 150M | 150M | 147M | 142M | 137M | 93M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 400M | 515M | 720M | 950M | 1.2B | 1.3B | 1.3B |
| Gross Margin | 82.1% | 27.9% | 79.4% | 40.2% | 45.0% | 79.5% | 79.5% |
| R&D | 125M | 237M | 271M | 301M | 313M | 362M | 362M |
| SG&A | 73M | 157M | 166M | 196M | 218M | 233M | 233M |
| EBIT | -59M | -286M | -290M | -216M | -136M | -124M | -124M |
| Op. Margin | -14.6% | -55.5% | -40.3% | -22.7% | -11.8% | -9.4% | -9.4% |
| Net Income | -99M | -265M | -287M | -190M | -106M | -101M | -101M |
| Net Margin | -24.8% | -51.5% | -39.8% | -20.0% | -9.2% | -7.6% | -7.6% |
| Non-Recurring | 0 | 4.4M | 4.4M | 0 | 4.2M | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | -7.1% | -21.4% | -24.7% | -15.8% | -8.0% | -7.7% | -11.5% |
| ROE | N/A | -22.3% | -25.7% | -16.4% | -8.2% | -7.9% | -8.0% |
| ROA | -12.1% | -15.7% | -16.5% | -10.0% | -5.0% | -4.6% | -4.5% |
| Cash Flow | |||||||
| Op. Cash Flow | 22M | 37M | 13M | 92M | 196M | 300M | 300M |
| Free Cash Flow | 15M | 24M | -3.2M | 82M | 177M | 282M | 282M |
| Owner Earnings | -48M | -227M | -213M | -154M | -80M | -49M | -49M |
| CapEx | 7.2M | 12M | 16M | 10M | 19M | 18M | 18M |
| Maint. CapEx | 26M | 36M | 63M | 72M | 90M | 111M | 111M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 26M | 36M | 63M | 72M | 90M | 111M | 111M |
| CapEx/OCF | N/A | 33.7% | 125.2% | 11.2% | 9.8% | 6.0% | 6.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 129M | 129M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 1.1% | 1.7% |
| Stock-Based Comp | 44M | 227M | 163M | 175M | 187M | 238M | 238M |
| Debt Repayment | 93K | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | -664M | -1.1B | -497M | -594M | -699M | -694M | -407M |
| Cash & Equiv. | 380M | 586M | 297M | 358M | 438M | 481M | 481M |
| Long-Term Debt | 49M | 47M | 46M | 44M | 41M | 27M | 27M |
| Debt/Equity | -0.35 | 0.08 | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 |
| Interest Coverage | -28.4 | -122.8 | -136.0 | -110.2 | -71.8 | -107.8 | -107.8 |
| Equity | -272M | 1.2B | 1.1B | 1.2B | 1.3B | 1.3B | 1.3B |
| Total Assets | 821M | 1.7B | 1.7B | 1.9B | 2.1B | 2.2B | 2.2B |
| Total Liabilities | 365M | 501M | 624M | 738M | 813M | 977M | 977M |
| Intangibles | 33M | 202M | 163M | 138M | 121M | 105M | 105M |
| Retained Earnings | -397M | -662M | -949M | -1.1B | -1.2B | -1.3B | -1.3B |
| Working Capital | 226M | 349M | 268M | 313M | 372M | 282M | 282M |
| Current Assets | 488M | 752M | 799M | 956M | 1.1B | 1.2B | 1.2B |
| Current Liabilities | 262M | 404M | 532M | 642M | 728M | 885M | 885M |
| Per Share Data | |||||||
| EPS | -3.56 | -2.86 | -2.10 | -1.34 | -0.72 | -0.67 | -0.67 |
| Owner EPS | -0.36 | -2.45 | -1.56 | -1.09 | -0.55 | -0.32 | -0.32 |
| Book Value | -2.01 | 12.83 | 8.17 | 8.16 | 8.75 | 8.39 | 8.39 |
| Cash Flow/Share | 0.16 | 0.40 | 0.09 | 0.65 | 1.33 | 2.00 | 0.07 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 135.1M | 92.7M | 136.6M | 141.6M | 147.2M | 150.4M | 150.4M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | -75.2 |
| P/FCF | N/A | 309.9 | N/A | 121.4 | 63.5 | 39.7 | 26.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 6.3 | 5.6 | 8.6 | 8.7 | 8.9 | 6.0 |
| Price/Sales | N/A | 16.3 | 10.4 | 9.1 | 8.8 | 8.1 | 5.7 |
| FCF Yield | N/A | 0.3% | -0.1% | 0.8% | 1.6% | 2.5% | 3.7% |
| Market Cap | N/A | 7.5B | 6.3B | 9.9B | 11.2B | 11.2B | 7.6B |
| Avg. Price | N/A | 90.54 | 54.83 | 61.26 | 68.87 | 71.12 | 50.39 |
| Year-End Price | N/A | 81.39 | 45.92 | 70.05 | 76.36 | 74.53 | 50.39 |
PROCORE TECHNOLOGIES, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 26.8x vs a median of 51.6x. The company's 5-year average gross margin is 54.4%. Total shareholder yield (buybacks) is 1.7%. At current prices, the estimated annualized return to fair value is +38.2%.
PROCORE TECHNOLOGIES, INC. (PCOR) has a 5-year average return on invested capital (ROIC) of -15.5%. This is below average and may indicate limited pricing power.
PROCORE TECHNOLOGIES, INC. (PCOR) has a market capitalization of $7.6B. It is classified as a mid-cap stock.
PROCORE TECHNOLOGIES, INC. (PCOR) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.70%.
PROCORE TECHNOLOGIES, INC. (PCOR) operates in the Services-Prepackaged Software industry, within the Technology sector.
PROCORE TECHNOLOGIES, INC. (PCOR) reported annual revenue of $1.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
PROCORE TECHNOLOGIES, INC. (PCOR) has a net profit margin of -7.6%. The company is currently unprofitable.
PROCORE TECHNOLOGIES, INC. (PCOR) generated $282 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PROCORE TECHNOLOGIES, INC. (PCOR) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
PROCORE TECHNOLOGIES, INC. (PCOR) reported earnings per share (EPS) of $-0.67 in its most recent fiscal year.
PROCORE TECHNOLOGIES, INC. (PCOR) has a return on equity (ROE) of -7.9%. A negative ROE may indicate losses or negative equity.
PROCORE TECHNOLOGIES, INC. (PCOR) has a 5-year average gross margin of 54.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for PROCORE TECHNOLOGIES, INC. (PCOR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PROCORE TECHNOLOGIES, INC. (PCOR) has a book value per share of $8.39, based on its most recent annual SEC filing.