Model N Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Model N Inc (MODN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Model N Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 254M vs 1,481,643M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+1.0% annualized vs trailing 12 months), vs decelerating (-23.2%) for its tracked peer group.
- Growth: Model N Inc generated 2.6% revenue growth year over year in Q2 2024, vs 11.9% for its tracked competitors combined.
- Profitability: Its -2.2% net margin compares with 14.2% for the peer group.
- Peer revenue share: Model N Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.51M compares with $0.45M for the peer group (1.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MODN Sales vs. its Competitors, Q2 2024
Model N Inc reported revenue growth of 2.61 % year on year in Q2 2024, below its competitors' combined revenue growth of 11.85 %.
With a net margin of -2.16 %, Model N Inc reported lower profitability than its competitors (14.17 %).
Model N Inc generated 0.02 % of the combined sales of its peer group, up from 0.02 % a year earlier.
Model N Inc vs. its Competitors, Q2 2024
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Model N Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Model N Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Model N Inc's competitor groups requires a Commercial License.
For context: the Internet Services & Social Media industry grew revenue 20.1% year over year, combined, vs 2.6% for Model N Inc. Model N Inc's share of combined industry revenue moved from 0.02% to 0.02%, a gain of 0.00 percentage points.
Model N Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Model N Inc | Yes | Yes | No | No |
| Competitors combined (42) | ||||
| High-Confidence Competitors (3) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 100.00 % (8 of 8) | 50.00 % (4 of 8) | 33.30 % (2 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MODN Stock Performance relative to its Competitors
MODN Stock Performance relative to High-Confidence Competitors
MODN Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Red Violet Inc | 282.9% | Outperformed |
| 2 | Upland Software Inc | 282.9% | Outperformed |
| 3 | Amazon com Inc | 282.9% | Outperformed |
| 4 | Amplitude Inc | 282.9% | Outperformed |
| 5 | Expensify Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Model N Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Model N Inc's Comment on Competition and Industry Peers
We believe we compete based primarily on the following factors:
industry expertise;
comprehensiveness of solution;
reliability, scalability and performance;
access to prospective customers through strategic partnerships;
global system and support capabilities; and
industry brand, reputation and customer base.
While we believe that we compete favorably on the basis of each of the factors listed above, many of our competitors have greater name recognition, larger sales and marketing budgets and greater resources than we do and may have pre-existing relationships with our potential customers, including relationships with, and access to, key decision makers within these organizations, and major distribution agreements with consultants and system integrators. Moreover, many software vendors could bundle solutions or offer them at a low price as part of a larger product sale.
With the introduction of new technologies and market entrants, we expect competition to intensify in the future. We also expect enterprise software vendors that focus on enterprise resource planning or back-office applications to enter our market with competing products. In addition, we expect sales force automation vendors to acquire or develop additional solutions that may compete with our solutions.
Publicly Traded Peers of Model N Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Model N Inc | 1,176.75 | 254.35 |
| Microsoft Corporation | 3,795,216.66 | 331,839.00 |
| Amazon com Inc | 2,683,773.45 | 776,231.00 |
| Oracle Corporation | 397,830.00 | 73,266.00 |
| Sap Se | 246,009.75 | 41,216.00 |
| International Business Machines Corporation | 210,356.66 | 69,096.00 |
| SUBTOTAL | 7,995,632.21 | 1,483,822.19 |
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Sources: Model N Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Model N Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Model N Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| EVERSANA | Named by the company | 85% |
| Vistex, Inc. | Named by the company | 85% |
| Oracle Corporation | Named by the company | 85% |
| iContracts, Inc. | Named by the company | 85% |
| E2open, LLC | Named by the company | 85% |
| SAP AG | Named by the company | 85% |
| IntegriChain | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Model N Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Model N Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Microsoft Corporation | Productivity and Business Processes 42.19 % |
| Amazon com Inc | North America 57.75 % |
| Oracle Corporation | Cloud and Software Business 83.96 % |
| International Business Machines Corporation | Software 45.22 % |
| Accenture Plc | Americas 49.30 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Model N Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Model N Inc | 1,177 | 508,694 | 524 |
| Microsoft Corporation | 3,795,217 | 1,488,067 | 599,771 |
| Amazon com Inc | 2,683,773 | 492,532 | 85,838 |
| Oracle Corporation | 397,830 | 519,617 | 134,184 |
| Sap Se | 246,010 | 374,691 | 74,592 |
| International Business Machines Corporation | 210,357 | 226,322 | 35,129 |
| PEERS TOTAL | 7,994,455 | 445,059 | 89,175 |
Model N Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Microsoft Corporation | US 51.47 % |
| Oracle Corporation | Americas 63.46 % |
| International Business Machines Corporation | Americas 49.04 % |
| Salesforce Inc | Americas 64.97 % |
| Servicenow Inc | North America 63.26 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Model N Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Internet Services & Social Media industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (112 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 57.50 % | 53.20 % (avg) | +4.3 pp |
| Operating Margin | -1.08 % | industry median | -0.4 pp |
| EBITDA Margin | 7.66 % | 8.63 % (avg) | -1.0 pp |
| Capital Intensity (Capex / Revenue) | 0.27 % | 6.24 % (avg) | -6.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Model N Inc's Valuation vs Competitive Position
Valuation multiples vs the Internet Services & Social Media industry average (112 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 40.0x | - |
| EV / EBITDA | 53.2x | 20.6x | +32.6x |
| P/B | 8.9x | 4.5x | +4.3x |
| Return on Equity | 0.22 % | industry aggregate | -27.31 % |
| Return on Invested Capital | -0.52 % | 0.06 % (avg) | -0.58 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Model N Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 14.97 % | 28.61 % | 5.96 % | -4.05 % | 14.43 % | 22.28 % | 12.12 % | 11.44 % |
| Operating Margin | -29.62 % | -24.61 % | -13.18 % | -9.93 % | -3.31 % | -7.47 % | -6.39 % | -1.28 % |
| Return on Invested Capital | -24.03 % | -24.00 % | -14.27 % | -9.48 % | -1.72 % | -3.87 % | -3.50 % | -0.64 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Model N Inc's Strategic Group Map
Every company in Model N Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Model N Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Model N Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.27 % vs industry average 6.24 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Model N Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Model N Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Model N Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Model N Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Model N Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 27.3 points below the industry aggregate.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-23.2% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Model N Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Model N Inc | 3.16 | 4.02 | 2.34 |
| Microsoft Corporation | 0.13 | 1.31 | 0.11 |
| Amazon com Inc | 0.38 | 1.07 | 0.21 |
| Oracle Corporation | 0.72 | 1.12 | 2.83 |
| Sap Se | 0.47 | 1.16 | - |
| International Business Machines Corporation | 0.29 | 0.87 | 3.47 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Model N Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Model N Inc | Q1 2024 | +2.6 % | - |
| Microsoft Corporation | Q2 2026 | +17.7 % | +31.3 % |
| Amazon com Inc | Q2 2026 | +19.9 % | +244.9 % |
| Oracle Corporation | Q3 2026 | +24.0 % | +62.6 % |
| Sap Se | Q4 2025 | +7.7 % | +132.6 % |
| International Business Machines Corporation | Q2 2026 | +1.1 % | -1.3 % |
| PEERS TOTAL | +16.2 % | +61.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Model N Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Model N Inc | Q1 2024 | -2.2 % | +200.0 % |
| Microsoft Corporation | Q2 2026 | +22.9 % | +109.6 % |
| Amazon com Inc | Q2 2026 | +18.5 % | +300.3 % |
| Oracle Corporation | Q3 2026 | - | +235.2 % |
| Sap Se | Q4 2025 | +8.0 % | - |
| International Business Machines Corporation | Q2 2026 | +3.6 % | +9.0 % |
Model N Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Model N Inc | 0.05% | 0.06% | 0.22% |
| Microsoft Corporation | 19.76% | 22.48% | 34.22% |
| Amazon com Inc | 15.21% | 23.40% | 30.50% |
| Oracle Corporation | 7.73% | 9.84% | 44.45% |
| Sap Se | 10.41% | 13.84% | 16.25% |
| International Business Machines Corporation | 7.07% | 7.03% | 33.43% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Model N Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Model N Inc | - | 4.63 |
| Microsoft Corporation | 28.37 | 11.44 |
| Amazon com Inc | 19.79 | 3.46 |
| Oracle Corporation | 20.79 | 5.43 |
| Sap Se | 34.35 | 5.97 |
| International Business Machines Corporation | 19.55 | 3.04 |
| PEERS AVERAGE | 26.90 | 5.39 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.