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Sapiens International N V's Competitiveness

A competitive positioning analysis and financial ratio benchmarking of Sapiens International N V (SPNS) 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.

Peer Data As of Q4 2024
Competitors Tracked
12
Publicly traded peers
Peer Group Market Share
1.66 %
Share of combined sales, Q4 2024
Revenue Growth Y/Y
-
Peers: 6.81 %
Net Margin
13.33 %
Peers: 9.54 %

Key Findings: Sapiens International N V vs Its Competitors

  • TTM: Trailing 12-month revenue of 542M vs 131,043M combined for tracked competitors (0.4% combined share).
  • Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-2.1%) for its tracked peer group.
  • Profitability: Its 13.3% net margin compares with 9.5% for the peer group.
  • Peer revenue share: Sapiens International N V accounted for 1.7% of combined revenue among its tracked peer group.
  • Peer differentiation: Revenue per employee of $0.23M compares with $0.10M for the peer group (2.3x).

Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).

SPNS Sales vs. its Competitors, Q4 2024

With a net margin of 13.33 %, Sapiens International N V achieved higher profitability than its competitors (9.54 %).

Sapiens International N V generated 1.66 % of the combined sales of its peer group.

API endpoints for this dataset
https://api.csimarket.com/api/v1/companies/SPNS/competitors
https://api.csimarket.com/api/v1/companies/SPNS/relationships
https://api.csimarket.com/api/v1/companies/SPNS/similar
Programmatic access for models, analytics, and integration workflows.

Sapiens International N V vs. its Competitors, Q4 2024

Net margin

Sapiens International N V +13.3 %
Competitors combined +9.5 %

Revenue run-rate vs trailing 12 months

Sapiens International N V +300.0 %
Competitors combined -2.1 %

TTM net margin

Sapiens International N V +13.3 %
Competitors combined +8.9 %

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.

Competitor Financial Benchmarking - TTM Commercial

TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Sapiens International N V and its 4 competitor groupings. Available under Commercial License.

Entity TTM Revenue Latest Q ×4 Rev Run-rate vs TTM TTM Net Income TTM Net Margin
Sapiens International Corp N V $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitors combined $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
High-Confidence Competitors (1) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitor Financial Benchmarking

TTM revenue, run-rate and net margin benchmarking across Sapiens International N V's competitor groups requires a Commercial License.

Sapiens International N V'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
Sapiens International Corp N V - - - -
Competitors combined (11) 64% 82% 36% 0%
High-Confidence Competitors (2) 50% 100% 100% 0%

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.

Market Share of the Peer Group, Q4 2024

1.7%market share
  • Sapiens International N V1.7%
  • Competitors combined98.3%

Share of combined quarterly revenue of Sapiens International N V and its 12 tracked competitors.

See Sapiens International N V's full market share breakdown »

SPNS Stock Performance relative to its Competitors

SPNS Competitors (weighted) Percent change over the selected range

Sapiens International N V's Share Price Performance vs Peer Groups

Trailing 12-month total share price return, and the share of each group that outperformed the U.S.A. 500 over the same period. Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC.
10%beat U.S.A. 500
Competitors Combined
(1 of 10)
0%beat U.S.A. 500
High-Confidence
(0 of 1)
Entity TTM Share Price Return
(group: median)
vs U.S.A. 500
Sapiens International Corp N V 53.80 % Outperformed
Competitors combined (10) 40.4% 63.2%
High-Confidence Competitors (1) 40.4% 63.2%
Similar-Size Competitors (0) 40.4% 63.2%
Similar Growth & Profitability (0) 40.4% 63.2%
Peer Group Share Price Returns

TTM share price return and U.S.A. 500 outperformance for Sapiens International N V's competitor groups requires a Commercial License.

Source: CSIMarket API (daily market-structure computation). Outperformance is trailing-12-month total return vs the U.S.A. 500 over the same window, not risk-adjusted.

SPNS Stock Performance relative to High-Confidence Competitors

SPNS High-Confidence Competitors (equal-weighted, 2) Percent change over the selected range

5 Best-Performing Tracked Competitors, Trailing 12 Months

#CompetitorTTM Share Price Returnvs U.S.A. 500
1 Rackspace Technology Inc 282.9% Outperformed
2 Audiocodes ltd 282.9% Outperformed
3 Grid Dynamics Holdings Inc 282.9% Outperformed
4 Cognizant Technology Solutions Corporation 282.9% Outperformed
5 Willdan Group inc 282.9% Outperformed
Best-Performing Competitor Returns

TTM share price return and U.S.A. 500 outperformance for Sapiens International N V's best-performing tracked competitors requires a Commercial License.

Source: CSIMarket API, trailing 12 months.

Sapiens International N V's Comment on Competition and Industry Peers

Sapiens operates in the insurance software solutions market, which is characterized by rapidly changing technologies, evolving industry standards, and frequent innovation. Competitors in this market vary in size, geography, lines of business, and delivery models, offering either full suites or single modules. Delivery approaches include in-house development, IT outsourcing (ITO), and business process outsourcing (BPO). Maintaining a leadership position requires significant investment in research and development, extensive insurance industry knowledge, and ongoing technology innovation to address changes in the insurance business model.

Publicly Traded Peers of Sapiens International Corp N V

Revenue and income for trailing 12 months, in millions of $, except employees
Company Market Cap Revenues Income Employees
Sapiens International Corp N V 2,439.90 542.38 72.32 2,376
Accenture Plc 112,881.36 73,100.60 7,794.87 779,000
Cognizant Technology Solutions Corporation 27,398.88 21,406.00 2,229.00 351,600
Leidos Holdings Inc 15,594.24 17,329.00 1,432.00 50,000
Guidewire Software Inc 12,177.07 1,473.78 139.28 4,174
Duck Creek Technologies Inc 2,520.90 310.08 -14.19 700
SUBTOTAL 178,404.61 132,144.46 11,583.44 1,318,779
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Sources: Sapiens International Corp N V'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 Sapiens International Corp N V versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.

Sapiens International N V's Competitors Named by the Company

Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.
Competitor Basis Confidence Active Sources
Duck Creek Technologies Inc Named by the company 85% 2022 to 2026 3
Guidewire Software Inc Named by the company 85% 2022 to 2026 3
Cognizant Technology Solutions Corporation Named by the company 85% 2022 to 2026 3
Competitor Evidence Detail

Filing basis, confidence, active dates and source counts for Sapiens International N V'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.

Sapiens International N V'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 2nd Segment 3rd Segment
Sapiens International Corp N V Consolidated 100.00 % Insurance 96.05 % All Other 3.95 %
Accenture Plc Americas 49.30 % EMEA 36.41 % Asia Pacific 14.29 %
Cognizant Technology Solutions Corporation Health Sciences 29.57 % Financial services 29.49 % Products and Resources 24.90 %
Leidos Holdings Inc Intelligence and Digital 33.11 % Health 27.63 % Defense 21.14 %
Dxc Technology Co GIS 48.32 % CES 41.05 % Insurance 10.64 %
Willdan Group inc Energy 87.69 % Engineering Consulting Services 12.31 % -

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).

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Sapiens International N V's Productivity vs Peers Comparison

Revenue and income per employee, trailing 12 months, in $; market cap in millions of $
CompanyMarket CapRevenue / EmployeeIncome / Employee
Sapiens International Corp N V 2,440 228,274 30,438
Accenture Plc 112,881 93,839 10,006
Cognizant Technology Solutions Corporation 27,399 60,882 6,340
Leidos Holdings Inc 15,594 346,580 28,640
Guidewire Software Inc 12,177 353,085 33,369
Duck Creek Technologies Inc 2,521 442,974 -20,264
PEERS TOTAL 175,965 99,971 8,744
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Sapiens International N V'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 2nd Market 3rd Market
Sapiens International Corp N V Europe 49.73 % North America 41.59 % Rest of the World 8.68 %
Cognizant Technology Solutions Corporation North America 74.59 % Europe, excluding United Kingdom 9.91 % United Kingdom 9.19 %
Leidos Holdings Inc United States 91.54 % Non-US 7.99 % -
Guidewire Software Inc United States 63.37 % EMEA 16.48 % Canada 12.29 %
Dxc Technology Co Other Europe 34.64 % United States 24.74 % Other International 17.64 %
Willdan Group inc US 100.00 % - -

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.

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Sapiens International N V's Position in Industry Market Structure

Market-capitalization share and concentration across all 235 companies in Sapiens International N V's industry classification, broader than the peer set above. Market cap in millions of $.

Sapiens International N V ranks #0 of 235 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,635, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).

Rank Company Market Cap Industry Share
1 Microsoft Corporation 3,822,644 50.05 %
2 Palantir Technologies Inc 480,474 6.29 %
3 Oracle Corporation 400,092 5.24 %
4 Crowdstrike Holdings Inc 276,523 3.62 %
5 Sap Se 1,234 5.2%
6 Shopify Inc 1,234 5.2%
7 Salesforce Inc 1,234 5.2%
8 Full Truck Alliance Co Ltd 1,234 5.2%
9 Servicenow Inc 1,234 5.2%
10 Cloudflare Inc 1,234 5.2%
0 Sapiens International Corp N V 2,431 0.00 %
Full Industry Market Structure

Market cap and industry share for the rest of Sapiens International N V's industry peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-12-16.

Sapiens International N V'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
Competitive Rivalry Low Industry HHI of 2,635 (see Industry Market Structure & Concentration above)
Supplier Power Not covered on this page See Sapiens International N V's dedicated suppliers page for concentration and dependency data
Buyer Power Not covered on this page See Sapiens International N V'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.

Sapiens International N V'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

  • Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
  • Outperforming the U.S.A. 500 over the trailing 12 months.

Weaknesses

No rule matched.

Opportunities

  • Industry revenue growing at a healthy 11.6% median pace.

Threats

  • Industry dominated by Microsoft Corporation, holding 50.05 % of industry market cap.
  • Tracked peer group's revenue run-rate is broadly decelerating (-2.1% 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.

Sapiens International N V's Financial Strength vs Peers Comparison

Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months
CompanyQuick RatioWorking CapitalDebt / EquityAsset Turnover
Sapiens International Corp N V 1.09 2.24 0.12 0.78
Accenture Plc 0.51 1.38 0.16 1.10
Cognizant Technology Solutions Corporation 0.55 2.28 0.04 1.05
Leidos Holdings Inc 0.29 1.58 1.04 1.24
Guidewire Software Inc 0.89 2.51 0.37 0.56
Duck Creek Technologies Inc 3.26 5.68 - 0.38
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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.

Sapiens International N V's Revenue and Income Growth vs Peers

Quarterly revenue and net income growth, year over year and quarter over quarter
CompanyPeriodRevenue Y/YRevenue Q/QIncome Y/YIncome Q/Q
Sapiens International Corp N VQ4 2024+5.4 %+5.4 %+15.0 %+15.0 %
Accenture PlcQ2 2026+5.6 %+3.7 %+6.3 %+28.0 %
Cognizant Technology Solutions CorporationQ1 2026+5.8 %+1.5 %-0.2 %+2.2 %
Leidos Holdings Inc Q1 2026+3.7 %+4.6 %-8.2 %+0.0 %
Guidewire Software Inc Q2 2026+14.9 %+10.6 %-39.6 %+90.6 %
Duck Creek Technologies Inc Q4 2022+9.8 %-0.2 %--
PEERS TOTAL+4.4 %+2.9 %+6.1 %+28.1 %
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.

Sapiens International N V's Peers' Costs of Sales and Capital Expenditures

Context for revenue growth: peer costs and capex, year over year and quarter over quarter
CompanyPeriodCosts Y/YCosts Q/QCapex Y/YCapex Q/Q
Sapiens International Corp N VQ4 2024+3.1 %+3.1 %+11.8 %+11.8 %
Accenture PlcQ2 2026+5.7 %0.0 %+10.1 %-
Cognizant Technology Solutions CorporationQ1 2026+7.1 %+2.9 %-1.3 %-1.3 %
Leidos Holdings Inc Q1 2026+4.3 %+4.9 %+40.9 %-27.9 %
Guidewire Software Inc Q2 2026+12.2 %+4.7 %+0.5 %+110.2 %
Duck Creek Technologies Inc Q4 2022+20.0 %+11.9 %+157.6 %-
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Sapiens International N V's Returns and Turnover vs Peers

ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover
CompanyROAROIROEReceivables TurnoverInventory Turnover
Sapiens International Corp N V10.46%13.41%15.08%9.23-
Accenture Plc11.69%18.04%24.02%20.90-
Cognizant Technology Solutions Corporation10.94%12.82%14.79%4.80-
Leidos Holdings Inc 10.23%12.77%29.10%5.9640.59
Guidewire Software Inc 5.32%6.64%10.13%10.38-
Duck Creek Technologies Inc ---9.56-
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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).

Sapiens International N V's Valuation vs Peers

P/E, price to sales, PEG, price to cash flow and price to book
CompanyP/EPrice / SalesPEGP/CFPrice / Book
Sapiens International Corp N V33.684.500.9465.995.09
Accenture Plc14.661.544.33211.533.42
Cognizant Technology Solutions Corporation12.511.287.05-1.82
Leidos Holdings Inc 11.170.901.11-3.08
Guidewire Software Inc 88.018.260.29-10.20
Duck Creek Technologies Inc -8.13-678.213.45
PEERS AVERAGE15.401.35-3.04
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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.

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