Vertex, Inc.
VERXUSVertex, Inc. specializes in delivering advanced tax technology solutions to corporations across various sectors, including retail, communication, leasing, and manufacturing. These services are provided to clients both within the United States and globally. Its comprehensive product portfolio encompasses tools for tax determination, compliance and reporting, efficient tax data and document management, pre-built integration capabilities, and specialized solutions tailored to specific industries. Clients can access their software through traditional on-premise licenses or via cloud-based Software as a Service (SaaS) subscriptions. Beyond its software offerings, Vertex also delivers essential support services. These include implementation and training for its licensed and cloud-based products, as well as outsourced transaction tax return processing and other ancillary tax-related consultations. Established in 1978, Vertex, Inc. has its headquarters situated in King of Prussia, Pennsylvania.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Application Software
- Sub-sector
- Finance, ERP & Procurement Applications
- Listing
- VERX
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 16% | 16% | 16% | 12% | 10% | 11% |
| Revenue | $426M | $492M | $572M | $667M | $748M | $827M | $918M |
| Gross Profit | $264M | $298M | $349M | $426M | $475M | — | — |
| Gross Profit Margin | 62.0% | 60.7% | 60.9% | 63.9% | 63.4% | — | — |
| EBITDA | $36M | $53M | $57M | $89M | $68M | $165M | $184M |
| EBITDA Margin | 8.5% | 10.8% | 10.0% | 13.4% | 9.1% | 20.0% | 20.0% |
| EBIT | ($3M) | ($8M) | ($18M) | ($2M) | $7M | $38M | $42M |
| Net Income | ($1M) | ($12M) | ($13M) | ($53M) | $7M | $139M | $176M |
| Free Cash Flow | $47M | $3M | $6M | $72M | $74M | — | — |
| FCF Margin | 11.0% | 0.7% | 1.1% | 10.8% | 9.8% | — | — |
| Short-Term Debt | $0M | $2M | $3M | $0M | $4M | — | — |
| Long-Term Debt | $0M | $47M | $44M | $335M | $346M | — | — |
| Cash & Cash Equivalents | $73M | $92M | $68M | $296M | $314M | — | — |
| Net Debt | ($73M) | ($43M) | ($22M) | $39M | $37M | — | — |
| Net Debt / EBITDA | -2.0x | -0.8x | -0.4x | 0.4x | 0.5x | — | — |
| Rule of 40 | — | 16.2% | 17.5% | 27.3% | 22.1% | — | — |