Comparing YoY Revenue numbers

Hi,

Sharing a comparison of the companies that I am following. I need to do this for other parameters like dollar based retention rate for the SaaS companies, etc. But for now here are the revenue growth numbers. The ones with * are based on the company guidance that for example ZM, OKTA and MDB are for sure to beat. So they are probably going to be higher.


YoY Quarterly growth							
	4Q2017	1Q2018	2Q2018	3Q2018	4Q2018	1Q2019	2Q2019
AYX	-17.91%	-18.03%	8.00%	7.27%	3.64%	52.00%	64.81%
ZS	0.00%	0.00%	0.00%	49.09%	54.01%	59.00%	65.11%
TWLO	40.53%	47.78%	54.12%	67.98%	77.29%	80.57%	86.15%
MDB	50.00%	49.04%	61.02%	57.00%	90.00%	85.48%	*56.52%
OKTA	60.00%	58.72%	57.01%	58.01%	49.74%	50.01%	*37.42%
TTD	41.67%	62.26%	53.42%	50.63%	57.35%	40.70%	29.46%
ZM	155.00%	122.22%	127.27%	119.51%	107.84%	103.33%	*72.00%
SQ	36.32%	44.86%	47.77%	50.73%	51.45%	43.43%	43.57%
CRWD	0.00%	193.75%	143.48%	88.57%	77.78%	104.26%	*114.29%
SMAR	0.00%	0.00%	0.00%	0.00%	58.20%	55.00%	*50.00%
STNE	0.00%	0.00%	0.00%	121.33%	113.64%	85.76%	*67.96%
ENPH	-12.06%	27.80%	1.59%	1.26%	15.83%	43.13%	76.70%
ROKU	27.80%	36.46%	57.43%	38.94%	46.42%	51.32%	42.22%

Rising growth:
What I notice is that some of them are clearly showing that the growth is actually rising. The companies in this category are:
AYX
ZS
TWLO
CRWD
ENPH

CRWD and ENPH are actually quite interesting. I have a 4% position in CRWD but have no position in ENPH yet. ENPH being in solar and manufacturing space gives me a pause as I have been burned by solar stocks in the past. But it could be different this time as they have quite a few USPs w.r.t. micro-inverters and wiring architecture that supports direct DC to DC implementation.

Steady growers:
These seems to have settled in a reasonably good growth pattern but probably would have lower returns than the companies listed above.
MDB
OKTA
SQ
TTD
SMAR
ROKU (No position)

Not sure which way they will go in the short term. The growth seems to be slowing down but only because the companies are getting bigger.
ZM
STNE (No position)

Zoom has to show some really good number in the next 3-4 quarters to alleviate the concerns that a big player can come in and roll out an equally compelling product. Stone Co operates in Brazil and I am having hard time opening a position in it as it reminds me of my past experiences with Chinese companies. However, the business seems to be doing pretty good. Total active clients has been steadily rising along with TPV, adj. net inc and improving adj net margins. May be other can chime in.


Total active clients (x1000)
	Q1	Q2	Q3	Q4
2016
2017			103.3	131.25
2018	160.7	200.6	234.4	267.9
2019	309.7	360.2

TPV (Billions)
	Q1	Q2	Q3	Q4
2016
2017				15.3
2018	16.5	18.5	21.8	26.6
2019	26.5	29.8
 
Adjusted Net Income (M)
	Q1	Q2	Q3	Q4
2016
2017			5.7	20.9
2018	26.5	71.1	89.3	155.9
2019	186.3 	192

Adjusted Net Margin (%)
	Q1	Q2	Q3	Q4
2016
2017			3.0	8.4
2018	9.2	29.33	21.6	29.5
2019	34.8 	33

I have benefited in the past from similar posts from other members here and thought this information may be helpful to some of you. Looking forward to your feedback.

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