Pegasystems (PEGA)
Market Price (5/11/2026): $35.96 | Market Cap: $6.1 BilSector: Information Technology | Industry: IT Consulting & Other Services
Pegasystems (PEGA)
Market Price (5/11/2026): $35.96Market Cap: $6.1 BilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 8.1% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39% Low stock price volatilityVol 12M is 48% Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and Automation & Robotics. Themes include AI Software Platforms, Show more. | Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -11% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -9.6% Key risksPEGA key risks include [1] ongoing legal challenges and [2] its dependence on key industries susceptible to economic and regulatory changes. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 8.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and Automation & Robotics. Themes include AI Software Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -11% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -9.6% |
| Key risksPEGA key risks include [1] ongoing legal challenges and [2] its dependence on key industries susceptible to economic and regulatory changes. |
Qualitative Assessment
AI Analysis | Feedback
1. Pegasystems reported a significant miss in its First Quarter Fiscal Year 2026 earnings and revenue on April 21, 2026. The company's non-GAAP earnings per share (EPS) of $0.46 fell short of the Zacks Consensus Estimate of $0.68 by 32.35%. Additionally, revenue came in at $430 million, a 9.6% decrease year-over-year, missing the consensus mark of $467.16 million. Adjusted net income per share also declined by 39% compared to the prior-year period. Operating expenses rose 16.2% year-over-year to $286.1 million, further impacting profitability. This substantial earnings shortfall led to a sharp decline in the stock price.
2. The acceleration of the cloud mix shift continued to exert pressure on term license revenue, impacting overall financial performance. While Pegasystems reported strong growth in Pega Cloud Annual Contract Value (ACV), which increased 29% year-over-year to over $900 million in Q1 FY2026, the shift away from traditional licensing models resulted in a notable 49% decline in subscription license revenue. This indicates that the growth in cloud offerings was not fully offsetting the contraction in term license revenue, contributing to the overall revenue decline.
Show more
Stock Movement Drivers
Fundamental Drivers
The -17.6% change in PEGA stock from 1/31/2026 to 5/10/2026 was primarily driven by a -33.5% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.66 | 35.98 | -17.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,732 | 1,700 | -1.9% |
| Net Income Margin (%) | 16.0% | 20.0% | 24.9% |
| P/E Multiple | 26.8 | 17.8 | -33.5% |
| Shares Outstanding (Mil) | 171 | 169 | 1.0% |
| Cumulative Contribution | -17.6% |
Market Drivers
1/31/2026 to 5/10/2026| Return | Correlation | |
|---|---|---|
| PEGA | -17.6% | |
| Market (SPY) | 3.6% | 21.8% |
| Sector (XLK) | 22.1% | 21.2% |
Fundamental Drivers
The -43.4% change in PEGA stock from 10/31/2025 to 5/10/2026 was primarily driven by a -54.3% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 63.57 | 35.98 | -43.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,732 | 1,700 | -1.9% |
| Net Income Margin (%) | 16.0% | 20.0% | 24.9% |
| P/E Multiple | 39.0 | 17.8 | -54.3% |
| Shares Outstanding (Mil) | 171 | 169 | 1.0% |
| Cumulative Contribution | -43.4% |
Market Drivers
10/31/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| PEGA | -43.4% | |
| Market (SPY) | 5.5% | 27.1% |
| Sector (XLK) | 17.1% | 29.5% |
Fundamental Drivers
The -21.7% change in PEGA stock from 4/30/2025 to 5/10/2026 was primarily driven by a -55.6% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.94 | 35.98 | -21.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,643 | 1,700 | 3.5% |
| Net Income Margin (%) | 12.0% | 20.0% | 67.4% |
| P/E Multiple | 40.1 | 17.8 | -55.6% |
| Shares Outstanding (Mil) | 172 | 169 | 1.8% |
| Cumulative Contribution | -21.7% |
Market Drivers
4/30/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| PEGA | -21.7% | |
| Market (SPY) | 30.4% | 29.7% |
| Sector (XLK) | 68.1% | 29.1% |
Fundamental Drivers
The 58.7% change in PEGA stock from 4/30/2023 to 5/10/2026 was primarily driven by a 34.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.67 | 35.98 | 58.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,267 | 1,700 | 34.2% |
| P/S Multiple | 3.0 | 3.6 | 20.9% |
| Shares Outstanding (Mil) | 165 | 169 | -2.1% |
| Cumulative Contribution | 58.7% |
Market Drivers
4/30/2023 to 5/10/2026| Return | Correlation | |
|---|---|---|
| PEGA | 58.7% | |
| Market (SPY) | 78.7% | 39.6% |
| Sector (XLK) | 137.6% | 36.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PEGA Return | -16% | -69% | 43% | 91% | 28% | -38% | -44% |
| Peers Return | 12% | -34% | 57% | 28% | -1% | -23% | 13% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| PEGA Win Rate | 33% | 8% | 58% | 58% | 67% | 40% | |
| Peers Win Rate | 53% | 27% | 62% | 63% | 42% | 32% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| PEGA Max Drawdown | -24% | -73% | -2% | -8% | -33% | -41% | |
| Peers Max Drawdown | -19% | -43% | -3% | -12% | -26% | -36% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRM, NOW, APPN, MSFT, ORCL. See PEGA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)
How Low Can It Go
| Event | PEGA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.8% | -18.8% |
| % Gain to Breakeven | 34.8% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.1% | -9.5% |
| % Gain to Breakeven | 43.1% | 10.5% |
| Time to Breakeven | 113 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -72.4% | -24.5% |
| % Gain to Breakeven | 261.7% | 32.4% |
| Time to Breakeven | 840 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.9% | -33.7% |
| % Gain to Breakeven | 61.0% | 50.9% |
| Time to Breakeven | 61 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.7% | -19.2% |
| % Gain to Breakeven | 36.5% | 23.7% |
| Time to Breakeven | 62 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.3% | -12.2% |
| % Gain to Breakeven | 30.3% | 13.9% |
| Time to Breakeven | 83 days | 62 days |
In The Past
Pegasystems's stock fell -25.8% during the 2025 US Tariff Shock. Such a loss loss requires a 34.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | PEGA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.8% | -18.8% |
| % Gain to Breakeven | 34.8% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.1% | -9.5% |
| % Gain to Breakeven | 43.1% | 10.5% |
| Time to Breakeven | 113 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -72.4% | -24.5% |
| % Gain to Breakeven | 261.7% | 32.4% |
| Time to Breakeven | 840 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.9% | -33.7% |
| % Gain to Breakeven | 61.0% | 50.9% |
| Time to Breakeven | 61 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.7% | -19.2% |
| % Gain to Breakeven | 36.5% | 23.7% |
| Time to Breakeven | 62 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.3% | -12.2% |
| % Gain to Breakeven | 30.3% | 13.9% |
| Time to Breakeven | 83 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -34.8% | -17.9% |
| % Gain to Breakeven | 53.3% | 21.8% |
| Time to Breakeven | 772 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -26.0% | -53.4% |
| % Gain to Breakeven | 35.2% | 114.4% |
| Time to Breakeven | 42 days | 1085 days |
In The Past
Pegasystems's stock fell -25.8% during the 2025 US Tariff Shock. Such a loss loss requires a 34.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Pegasystems (PEGA)
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Pegasystems:
- Like Salesforce, but with a powerful underlying AI that automates complex customer interactions and drives real-time decision-making across all channels.
- A highly specialized ServiceNow for customer engagement and core business operations, focused on intelligent automation and personalized experiences.
AI Analysis | Feedback
- Pega Platform: An application development product for clients.
- Pega Infinity: A software platform that unifies customer engagement and digital process automation.
- Pega Customer Decision Hub: Enhances customer acquisition and experiences across inbound, outbound, and paid media channels.
- Pega Sales Automation: Automates and manages the sales process for enterprises.
- Pega Customer Service: Anticipates customer needs, automates interactions, and enhances employee productivity for customer service.
- Intelligent Automation Software: Provides software designed for automating various business processes.
- Pega Cloud: An Internet-based infrastructure for developing, testing, and deploying applications and the Pega Platform.
- Pega Academy: Offers instructor-led and online training to employees, clients, and partners.
- Technical & Implementation Services: Provides guidance, implementation, and technical support services to clients.
AI Analysis | Feedback
Pegasystems Inc. (PEGA) primarily sells its enterprise software applications and services to other companies.
Based on the provided background information, specific names of individual customer companies are not listed. However, the company primarily markets its software and services to major customers within the following industry categories:
- Financial Services
- Life Sciences
- Healthcare
- Communications and Media
- Government
- Insurance
- Manufacturing and High Tech
- Consumer Services
AI Analysis | Feedback
Alan Trefler, Founder and Chief Executive Officer
Alan Trefler founded Pegasystems in 1983 at the age of 27. Before establishing Pegasystems, he served as a senior project manager for Casher Associates Inc. from 1978 to 1980 and subsequently led the development of a funds transfer product at TMI Systems from 1980 to 1983. A chess master, he co-championed the 1975 World Open Chess Championship, and his collegiate involvement in tournament chess at Dartmouth College, where he earned a degree in Economics and Computer Science, led to his development of early AI systems. Trefler is the author of the best-selling book "Build for Change" and holds multiple patents for Pega's distinctive architecture. In 1996, he co-founded the Trefler Foundation with his wife, Pam, dedicated to improving educational outcomes.
Ken Stillwell, Chief Operating Officer and Chief Financial Officer
Ken Stillwell joined Pegasystems in July 2016 and was promoted to Chief Operating Officer in April 2021. He brings over 25 years of financial leadership experience in high-growth technology organizations. Prior to Pegasystems, Stillwell served as Senior Vice President and Chief Financial Officer at Dynatrace, and as EVP/CFO at SOVOS, a financial and compliance software as a service (SaaS) company. He also held the role of divisional CFO at PTC, a publicly traded software company, for five years. Stillwell is a Certified Public Accountant, holding an undergraduate degree in business and economics from the University of Pittsburgh and a Master's in accounting and finance from the University of South Carolina. He currently serves as a Board Member at Sovos and a Trustee at The Rivers School.
Don Schuerman, Chief Technology Officer and Vice President of Product Marketing
Don Schuerman is the Chief Technology Officer and Vice President of Product Marketing at Pegasystems, a position he has held since January 2014, having joined the company in August 1997 as a Software Services Consultant. With over 20 years of experience, he specializes in delivering enterprise software solutions for Fortune 500 organizations, focusing on digital transformation, mobility, analytics, business process management, cloud, and CRM. Schuerman has led significant enterprise software implementations and provided technology and architecture consulting to senior executives at major corporations, including American Express, Citibank, JP Morgan Chase, and BP. He holds a Bachelor of Science degree in Physics and Philosophy from Boston College.
Katherine Parente, Chief People Officer
Katherine Parente serves as the Chief People Officer at Pegasystems.
Kerim Akgonul, Chief Product Officer
Kerim Akgonul holds the position of Chief Product Officer at Pegasystems.
AI Analysis | Feedback
Pegasystems (PEGA) faces several key risks to its business:-
Intense Competition: Pegasystems operates in a rapidly evolving and fiercely competitive landscape across business process management (BPM), customer relationship management (CRM), and low-code application development. The company faces significant challenges from major platform vendors such as Salesforce, ServiceNow, Microsoft, Oracle, and SAP, who leverage their scale, ecosystems, and existing enterprise relationships. This intense competition puts constant pressure on Pegasystems' pricing power and market share.
-
Litigation Risk: Pegasystems has been involved in significant trade secret litigation with Appian Corp. While an earlier multibillion-dollar judgment against Pegasystems was reversed and the case remanded for a new trial, the ongoing nature of this litigation represents a material financial and legal risk.
-
Challenges with Cloud Transition and Revenue Volatility: The company's strategic shift to a recurring revenue, cloud-centric model, particularly with its Pega Cloud offerings, has been a central theme. While this transition aims to improve revenue predictability, it has historically created lumpiness in reported GAAP revenue and pressured near-term profitability. There is an ongoing risk that the adoption of its cloud solutions and new offerings like Pega Blueprint might take longer than anticipated, which could further impact financial forecasts.
AI Analysis | Feedback
The rapid advancement and adoption of generative artificial intelligence (AI) and highly capable low-code/no-code platforms, especially those integrated into broader enterprise ecosystems by major technology providers, pose a clear emerging threat. These technologies simplify and accelerate application development and process automation, potentially allowing enterprises to build custom solutions and automate workflows with significantly less reliance on specialized platforms like Pega Platform or Pega Infinity. This could undermine demand for Pegasystems' core offerings by providing alternative, potentially more accessible and cost-effective, methods for achieving similar outcomes in application development, digital process automation, and customer engagement.AI Analysis | Feedback
Pegasystems Inc. (PEGA) operates within several significant addressable markets for its core products and services.
Pega Platform (Low-Code Development Platform)
The global low-code development platform market was valued at approximately USD 24.8 billion in 2023 and is projected to grow to about USD 167.0 billion by 2030, at a compound annual growth rate (CAGR) of 31.4% from 2024 to 2030. Another estimate places the market at USD 35.2 billion in 2025, with a projection to reach USD 236.9 billion by 2035, growing at a CAGR of 21.0%. North America is a leading region in this market, holding a 45% share in 2023 and approximately 32.6% of the revenue in 2024.
Pega Infinity (Customer Engagement and Digital Process Automation Platform)
Pega Infinity unifies customer engagement and digital process automation. Therefore, its addressable market encompasses both of these segments.
Customer Engagement Solutions:
The global customer engagement solutions market was estimated at USD 23.45 billion in 2023 and is projected to reach USD 50.03 billion by 2030, with a CAGR of 11.8% from 2024 to 2030. Other estimates for the global market include USD 29.39 billion in 2025, projected to reach USD 86.39 billion by 2035, with a CAGR of 11.38% from 2026 to 2035. North America held a significant share of this market, accounting for 71.5% in 2023 and approximately 40% in 2025.
Digital Process Automation (DPA):
The global digital process automation market was valued at USD 12.4 billion in 2021 and is projected to grow to USD 42.7 billion by 2031, at a CAGR of 13.2% from 2022 to 2031. More recent figures indicate the global market size was USD 15.15 billion in 2024 and is poised to grow to USD 43.39 billion by 2033, at a CAGR of 12.4% from 2026 to 2033. North America was the largest region in the digital process automation market in 2025. The U.S. Digital Process Automation Market alone was valued at USD 4.55 billion in 2025 and is expected to reach USD 11.39 billion by 2035.
Customer Engagement Applications (Pega Customer Decision Hub, Pega Sales Automation, Pega Customer Service)
These applications fall under the broader Customer Relationship Management (CRM) market.
Customer Relationship Management (CRM):
The global customer relationship management market size was valued at USD 112.91 billion in 2025 and is expected to reach USD 320.99 billion by 2034, registering a CAGR of 12.40% from 2026 to 2034. Another projection places the global CRM market at USD 90.10 billion in 2025, reaching USD 304.03 billion by 2035, with a CAGR of 12.93% from 2026 to 2035. North America accounted for the largest CRM market share of 31.70% in 2025 and the United States alone accounts for 37% of CRM software spending.
Intelligent Automation Software
The global intelligent automation market size was recorded at USD 10.59 billion in 2021 and is projected to reach USD 51.58 billion by 2033, growing at a CAGR of 14.1% from 2025 to 2033. Another source indicates the global intelligent automation market is projected to grow from USD 16.62 billion in 2024 to USD 54.86 billion by 2032, at a CAGR of 16.10%. North America holds a significant share, accounting for 39.20% of the global market revenue in 2025.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Pegasystems (PEGA) over the next 2-3 years:
- Growth of Pega Cloud and Cloud Adoption: A primary driver of future revenue growth for Pegasystems is the continued expansion and adoption of its Pega Cloud offerings. The company is strategically focused on migrating clients to the cloud, with a goal for Pega Cloud to account for a significant portion of its overall Annual Contract Value (ACV) in the coming years. Pega Cloud ACV demonstrated strong growth in 2025, increasing approximately 30-33%, and is projected to continue growing above 30% in 2026. This shift to a cloud-first, subscription-driven model is also expected to enhance recurring revenue and improve gross margins.
- AI-driven Innovation, particularly Generative AI (GenAI) and Agentic AI: Pegasystems is heavily investing in artificial intelligence, with a strong focus on Generative AI (GenAI) and agentic AI capabilities embedded within its Pega Infinity platform. The Pega GenAI Blueprint strategy is expected to unlock significant monetization potential by accelerating application development and enabling clients to envision and build new applications faster. New agentic AI enhancements to Pega Infinity App Studio are designed to guide developers through application creation, enhance workflow optimization, and boost productivity, thereby driving enterprise transformation.
- Expansion of Client Engagement and New Customer Acquisition: Pegasystems aims to deepen and expand its relationships with existing clients while also acquiring new customers, particularly within Global 2000 accounts. The company is targeting new logos and expanding into horizontal use cases, such as customer service in utilities. This "land-and-expand" strategy involves embedding Pega deeply into clients' core operations through vertical-specific workflows and pursuing multi-year transformation programs.
- Product-Led Growth and Packaged Industry Applications: Revenue growth will also be driven by scaling Pega Cloud for AI-powered customer decisioning, case management, and workflow orchestration. Pegasystems plans to expand its packaged industry applications, such as next-best-action solutions for banking and claims/underwriting solutions for insurance, to meet specific sector needs. The low-code and intelligent automation markets are forecasted to experience significant growth, creating tailwinds for Pega's product roadmap.
- Strategic Partnerships and Ecosystem Expansion: Deepening routes to market through strategic partnerships with systems integrators (e.g., Accenture, Capgemini, TCS, Cognizant, Infosys) and hyperscalers (e.g., AWS, Azure, Google Cloud) is a key driver. These collaborations are intended to accelerate cloud migrations and facilitate co-selling of regulated-industry deals, expanding Pega's market reach and accelerating its growth.
AI Analysis | Feedback
Share Repurchases
- Pegasystems repurchased $498 million in shares in 2025.
- The annual share buybacks for Pegasystems were $499.689 million in 2025 and $68.057 million in 2024.
- In February 2026, the board authorized an additional $1 billion in share buyback capacity, extending the program to June 30, 2027.
Share Issuance
- Shareholders approved an increase in authorized common shares from 200 million to 400 million in June 2025, in conjunction with a two-for-one forward stock split.
- Pegasystems' shares outstanding increased by 3.08% to 0.185 billion in 2025 from 0.179 billion in 2024.
Capital Expenditures
- Pegasystems invested $6.0 million in capital expenditures in Q4 2025.
- Capital expenditures were $14.5 million in 2025, with estimated expenditures of $19.23 million for 2026 and $20.72 million for 2027.
- Capital expenditures are primarily focused on funding long-term assets and infrastructure.
Latest Trefis Analyses
Trade Ideas
Select ideas related to PEGA.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
| 03132026 | PEGA | Pegasystems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -13.8% | -13.8% | -16.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 136.50 |
| Mkt Cap | 132.2 |
| Rev LTM | 27,742 |
| Op Inc LTM | 5,396 |
| FCF LTM | 2,559 |
| FCF 3Y Avg | 2,097 |
| CFO LTM | 10,216 |
| CFO 3Y Avg | 8,700 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.4% |
| Rev Chg 3Y Avg | 12.9% |
| Rev Chg Q | 19.9% |
| QoQ Delta Rev Chg LTM | 4.6% |
| Op Inc Chg LTM | 19.3% |
| Op Inc Chg 3Y Avg | 69.9% |
| Op Mgn LTM | 17.5% |
| Op Mgn 3Y Avg | 16.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 36.4% |
| CFO/Rev 3Y Avg | 34.8% |
| FCF/Rev LTM | 26.0% |
| FCF/Rev 3Y Avg | 25.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 132.2 |
| P/S | 5.4 |
| P/Op Inc | 29.2 |
| P/EBIT | 28.2 |
| P/E | 29.7 |
| P/CFO | 17.7 |
| Total Yield | 4.4% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | 2.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.0% |
| 3M Rtn | -7.1% |
| 6M Rtn | -31.5% |
| 12M Rtn | -26.7% |
| 3Y Rtn | 18.9% |
| 1M Excs Rtn | -3.8% |
| 3M Excs Rtn | -13.8% |
| 6M Excs Rtn | -35.4% |
| 12M Excs Rtn | -56.6% |
| 3Y Excs Rtn | -58.9% |
Comparison Analyses
Price Behavior
| Market Price | $35.98 | |
| Market Cap ($ Bil) | 6.1 | |
| First Trading Date | 07/19/1996 | |
| Distance from 52W High | -46.0% | |
| 50 Days | 200 Days | |
| DMA Price | $41.26 | $51.60 |
| DMA Trend | down | down |
| Distance from DMA | -12.8% | -30.3% |
| 3M | 1YR | |
| Volatility | 57.1% | 48.2% |
| Downside Capture | 1.16 | 0.99 |
| Upside Capture | 133.29 | 105.46 |
| Correlation (SPY) | 17.4% | 29.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.38 | 0.65 | 0.93 | 1.05 | 1.14 | 1.34 |
| Up Beta | 0.06 | 0.03 | -0.12 | 0.25 | 0.87 | 1.22 |
| Down Beta | 17.73 | -0.85 | -1.95 | -0.27 | 0.71 | 1.25 |
| Up Capture | 41% | 59% | 146% | 101% | 109% | 304% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 20 | 31 | 59 | 131 | 395 |
| Down Capture | 1253% | 193% | 246% | 199% | 150% | 109% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 13 | 23 | 33 | 65 | 119 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PEGA | |
|---|---|---|---|---|
| PEGA | -22.6% | 48.1% | -0.38 | - |
| Sector ETF (XLK) | 63.9% | 20.8% | 2.27 | 29.1% |
| Equity (SPY) | 29.0% | 12.5% | 1.83 | 29.8% |
| Gold (GLD) | 39.8% | 27.0% | 1.22 | -7.8% |
| Commodities (DBC) | 50.6% | 18.0% | 2.21 | -7.9% |
| Real Estate (VNQ) | 13.0% | 13.5% | 0.66 | 18.2% |
| Bitcoin (BTCUSD) | -17.4% | 42.1% | -0.34 | 22.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PEGA | |
|---|---|---|---|---|
| PEGA | -10.1% | 51.2% | -0.03 | - |
| Sector ETF (XLK) | 21.2% | 24.8% | 0.76 | 43.8% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 45.8% |
| Gold (GLD) | 20.9% | 17.9% | 0.95 | 0.6% |
| Commodities (DBC) | 13.8% | 19.1% | 0.59 | 4.3% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 37.0% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 22.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PEGA | |
|---|---|---|---|---|
| PEGA | 10.8% | 43.8% | 0.39 | - |
| Sector ETF (XLK) | 25.0% | 24.4% | 0.92 | 52.5% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 52.8% |
| Gold (GLD) | 13.4% | 15.9% | 0.69 | 1.1% |
| Commodities (DBC) | 9.3% | 17.8% | 0.44 | 13.0% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 40.6% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 15.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/21/2026 | -4.6% | -8.5% | |
| 2/10/2026 | -11.9% | 3.8% | -1.2% |
| 10/21/2025 | 15.0% | 14.8% | -5.3% |
| 7/22/2025 | 13.9% | 18.6% | 1.8% |
| 2/12/2025 | -19.6% | -23.2% | -32.1% |
| 10/23/2024 | 14.7% | 17.2% | 28.4% |
| 7/24/2024 | 12.8% | 14.1% | 10.0% |
| 4/24/2024 | 0.3% | 2.9% | 3.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 12 |
| # Negative | 10 | 11 | 11 |
| Median Positive | 9.8% | 11.6% | 11.3% |
| Median Negative | -8.8% | -8.1% | -12.8% |
| Max Positive | 35.7% | 27.6% | 37.2% |
| Max Negative | -19.6% | -23.2% | -32.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/21/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 10/21/2025 | 10-Q |
| 06/30/2025 | 07/22/2025 | 10-Q |
| 03/31/2025 | 04/22/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stillwell, Kenneth | COO, CFO | Direct | Sell | 5062026 | 36.45 | 8,383 | 305,560 | 3,955,991 | Form |
| 2 | Stillwell, Kenneth | COO, CFO | Direct | Sell | 4032026 | 43.17 | 1,000 | 43,170 | 4,685,326 | Form |
| 3 | Akgonul, Rifat Kerim | Chief Product Officer | Direct | Sell | 3172026 | 43.39 | 7,594 | 329,504 | 4,834,904 | Form |
| 4 | Trefler, Leon | Chief of Clients and Markets | Direct | Sell | 3122026 | 44.76 | 6,700 | 299,858 | 5,297,739 | Form |
| 5 | Stillwell, Kenneth | COO, CFO | Direct | Sell | 3122026 | 44.81 | 44,000 | 1,971,640 | 4,889,802 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.