CarGurus vs Grindr
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The short version
- CarGurus is the larger business, with $907M of revenue in fiscal 2025 against $440M for Grindr, about 2.1 times as much.
- Grindr grew revenue faster (27.6%, against 13.7%).
- Grindr kept more of each dollar of sales as operating profit (28.7% operating margin, against 27.0%).
- CarGurus earned a higher return on the capital invested in it (90.3%, against 44.3%).
- Investors pay more for each dollar of Grindr’s earnings: a P/E of 27.4x against 17.1x for CarGurus.
| Latest fiscal year | CARG · FY25 | GRND · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.9B | $2.4B |
| Revenue | $907M | $440M |
| Free cash flow | $289M | $141M |
| Net income | $156M | $94.8M |
| Growth | ||
| Revenue growth | 13.7% | 27.6% |
| 5-year growth | 10.5% | — |
| Share count change | −5.5% | 11.0% |
| Profitability | ||
| Gross margin | 92.8% | — |
| Operating margin | 27.0% | 28.7% |
| Net margin | 17.2% | 21.5% |
| FCF margin | 31.9% | 32.0% |
| Return on capital | 90.3% | 44.3% |
| Return on equity | 34.0% | — |
| Balance sheet | ||
| Net debt | −$191M | $309M |
| Net debt / EBITDA | −0.7x | 2.3x |
| Dividends and buybacks | $352M | $451M |
| Valuation & quality | ||
| P/E | 17.1x | 27.4x |
| Piotroski F-score | 7 | 6 |
Revenue
FY16
CARG $198M
GRND —
FY17
CARG $317M
GRND —
FY18
CARG $454M
GRND —
FY19
CARG $589M
GRND —
FY20
CARG $552M
GRND —
FY21
CARG $951M
GRND $146M
FY22
CARG $1.7B
GRND $195M
FY23
CARG $698M
GRND $260M
FY24
CARG $798M
GRND $345M
FY25
CARG $907M
GRND $440M
CARG
GRND
Operating margin
FY16
CARG 4.3%
GRND —
FY17
CARG 4.8%
GRND —
FY18
CARG 5.1%
GRND —
FY19
CARG 5.8%
GRND —
FY20
CARG 17.7%
GRND —
FY21
CARG 15.6%
GRND 16.3%
FY22
CARG 6.6%
GRND 6.7%
FY23
CARG 17.2%
GRND 21.4%
FY24
CARG 19.7%
GRND 26.9%
FY25
CARG 27.0%
GRND 28.7%
CARG
GRND
Free cash flow
FY16
CARG $14.2M
GRND —
FY17
CARG $20.5M
GRND —
FY18
CARG $45.8M
GRND —
FY19
CARG $58.9M
GRND —
FY20
CARG $154M
GRND —
FY21
CARG $90.6M
GRND $34.2M
FY22
CARG $250M
GRND $50.2M
FY23
CARG $100.0M
GRND $35.6M
FY24
CARG $180M
GRND $94.0M
FY25
CARG $289M
GRND $141M
CARG
GRND
Return on capital
FY16
CARG —
GRND —
FY17
CARG —
GRND —
FY18
CARG —
GRND —
FY19
CARG —
GRND —
FY20
CARG —
GRND —
FY21
CARG —
GRND —
FY22
CARG 28.0%
GRND 2.8%
FY23
CARG 28.1%
GRND 13.5%
FY24
CARG 44.3%
GRND 37.1%
FY25
CARG 90.3%
GRND 44.3%
CARG
GRND
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.