Mimecast Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mimecast Limited (MIME) 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: Mimecast Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 575M vs 76,554M combined for tracked competitors (0.7% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.4% annualized vs trailing 12 months), vs accelerating (+47.1%) for its tracked peer group.
- Growth: Mimecast Limited generated 16.9% revenue growth year over year in Q3 2021, vs 3.8% for its tracked competitors combined.
- Profitability: Its 9.1% net margin compares with 21.2% for the peer group.
- Peer revenue share: Mimecast Limited accounted for 0.5% of combined revenue among its tracked peer group, up from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.48M compares with $0.58M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MIME Sales vs. its Competitors, Q3 2021
Mimecast Limited reported revenue growth of 16.94 % year on year in Q3 2021, above its competitors' combined revenue growth of 3.83 %.
With a net margin of 9.11 %, Mimecast Limited reported lower profitability than its competitors (21.20 %).
Mimecast Limited generated 0.54 % of the combined sales of its peer group, up from 0.48 % a year earlier.
Mimecast Limited vs. its Competitors, Q3 2021
Revenue growth, year on year
Net income 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 Mimecast Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mimecast Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mimecast Limited's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.0% year over year, combined, vs 16.9% for Mimecast Limited. Mimecast Limited's share of combined industry revenue moved from 0.05% to 0.05%, a gain of 0.00 percentage points.
Mimecast Limited'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 |
|---|---|---|---|---|
| Mimecast Limited | Yes | Yes | Yes | No |
| Competitors combined (19) | ||||
| High-Confidence Competitors (8) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 50.00 % (4 of 8) |
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.
MIME Stock Performance relative to its Competitors
MIME Stock Performance relative to High-Confidence Competitors
MIME 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 | Intel Corporation | 282.9% | Outperformed |
| 2 | Fastly Inc | 282.9% | Outperformed |
| 3 | Akamai Technologies Inc | 282.9% | Outperformed |
| 4 | Qualys Inc | 282.9% | Outperformed |
| 5 | Tenable Holdings Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mimecast Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mimecast Limited's Comment on Competition and Industry Peers
The principal competitive factors in our market include, but are not limited to:
reliability and effectiveness in protecting, detecting and responding to cyberattacks;
scalability and multi-tenancy of our system;
breadth and unification of our services;
cloud-only delivery;
total cost of ownership;
speed, availability and reliability;
integration into office productivity, desktop and mobile tools;
speed at which our services can be deployed;
ease of user experience for IT administrators and employees; and
superior customer service and commitment to customer success.
We believe that we compete favorably on the basis of these factors. Our ability to remain competitive will depend to a great extent upon our ongoing performance in the areas of product and cloud architecture development, core technical innovation, channel management and customer support.
Publicly Traded Peers of Mimecast Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Mimecast Limited | 5,605.03 | 575.28 |
| Intel Corporation | 592,217.12 | 57,032.00 |
| Splunk Inc | 29,180.58 | 3,978.68 |
| Akamai Technologies Inc | 16,750.24 | 4,322.83 |
| Check Point Software Technologies Ltd | 14,208.56 | 2,725.40 |
| Proofpoint inc | 10,110.56 | 1,138.28 |
| SUBTOTAL | 704,207.58 | 78,267.49 |
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Sources: Mimecast Limited'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 Mimecast Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mimecast Limited's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Proofpoint inc | Named by the company | 85% |
| Zix Corp | Named by the company | 85% |
| N able Inc | Named by the company | 85% |
| Check Point Software Technologies Ltd | Named by the company | 85% |
| Cisco Systems Inc | Named by the company | 85% |
| Barracuda Networks | Named by the company | 85% |
| Google Inc | Named by the company | 85% |
| Veritas Technologies LLC | Named by the company | 85% |
| Symantec Corporation | Named by the company | 85% |
| Microsoft Corporation | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Mimecast Limited'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.
Mimecast Limited'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 |
|---|---|
| Intel Corporation | Client Computing Group 56.91 % |
| Akamai Technologies Inc | Reportable 100.00 % |
| Qualys Inc | Reportable 100.00 % |
| Varonis Systems Inc | Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees 100.00 % |
| Engagesmart Inc | SMB Solutions 57.25 % |
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).
Mimecast Limited'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 |
|---|---|---|---|
| Mimecast Limited | 5,605 | 482,613 | 39,632 |
| Intel Corporation | 592,217 | 670,176 | -133,690 |
| Splunk Inc | 29,181 | 552,594 | 14,719 |
| Akamai Technologies Inc | 16,750 | 392,985 | 37,360 |
| Check Point Software Technologies Ltd | 14,209 | 522,107 | 202,471 |
| Proofpoint inc | 10,111 | 307,644 | -44,652 |
| PEERS TOTAL | 698,603 | 577,917 | -66,278 |
Mimecast Limited'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 |
|---|---|
| Mimecast Limited | United States 51.54 % |
| Splunk Inc | United States 68.97 % |
| Akamai Technologies Inc | United States 50.05 % |
| Check Point Software Technologies Ltd | EMEA 43.08 % |
| Proofpoint inc | US 78.59 % |
| Qualys Inc | United States 55.04 % |
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.
Mimecast Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (343 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 76.82 % | 64.28 % (avg) | +12.5 pp |
| Operating Margin | 9.98 % | industry median | +17.7 pp |
| EBITDA Margin | 16.85 % | 2.53 % (avg) | +14.3 pp |
| Capital Intensity (Capex / Revenue) | 6.44 % | 4.79 % (avg) | +1.7 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.
Mimecast Limited's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (343 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 | 114.0x | 39.5x | +74.5x |
| EV / EBITDA | 54.8x | 21.7x | +33.1x |
| P/B | 12.8x | 5.4x | +7.4x |
| Return on Equity | 10.88 % | industry aggregate | -12.26 % |
| Return on Invested Capital | 5.29 % | -0.26 % (avg) | 5.55 % |
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.
Mimecast Limited's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Revenue Growth | 35.79 % | 25.92 % | 18.96 % | 19.42 % |
| Operating Margin | -1.75 % | -0.65 % | 5.96 % | 9.98 % |
| Return on Invested Capital | -1.37 % | -0.44 % | 3.60 % | 5.29 % |
| P/E | - | - | 117.5x | 114.0x |
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.
Mimecast Limited's Strategic Group Map
Every company in Mimecast Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Mimecast Limited 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.
Mimecast Limited'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 | High (capital intensive) | Capital intensity (capex / revenue) of 6.44 % vs industry average 4.79 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Mimecast Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Mimecast Limited'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.
Mimecast Limited'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.
Mimecast Limited falls in the Low attractiveness / High strength cell: Selective.
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.
Mimecast Limited'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
- Operating margin 17.7 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+5.4% annualized vs trailing 12 months).
Weaknesses
- Return on equity 12.3 points below the industry aggregate.
Opportunities
- Industry revenue growing at a healthy 11.6% median pace.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
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.
Mimecast Limited'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 |
|---|---|---|---|
| Mimecast Limited | 1.02 | 1.45 | 0.21 |
| Intel Corporation | 0.44 | 1.86 | 0.40 |
| Splunk Inc | 0.38 | 1.39 | - |
| Akamai Technologies Inc | 0.68 | 1.94 | 1.03 |
| Check Point Software Technologies Ltd | 0.81 | 2.05 | 0.68 |
| Proofpoint inc | 1.10 | 1.45 | 2.38 |
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.
Mimecast Limited'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 |
|---|---|---|---|
| Mimecast Limited | Q4 2021 | +16.9 % | +28.1 % |
| Intel Corporation | Q2 2026 | +25.4 % | - |
| Splunk Inc | Q3 2023 | +14.7 % | - |
| Akamai Technologies Inc | Q2 2026 | +5.4 % | -23.4 % |
| Check Point Software Technologies Ltd | Q4 2025 | +6.3 % | +25.0 % |
| Proofpoint inc | Q2 2021 | +19.4 % | - |
| PEERS TOTAL | +19.0 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mimecast Limited'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 |
|---|---|---|---|
| Mimecast Limited | Q4 2021 | +9.0 % | -22.3 % |
| Intel Corporation | Q2 2026 | +3.2 % | -28.0 % |
| Splunk Inc | Q3 2023 | +3.6 % | +109.8 % |
| Akamai Technologies Inc | Q2 2026 | +13.9 % | +0.9 % |
| Check Point Software Technologies Ltd | Q4 2025 | +13.3 % | +9.9 % |
| Proofpoint inc | Q2 2021 | +14.1 % | -48.7 % |
Mimecast Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mimecast Limited | 4.79% | 7.25% | 10.88% |
| Intel Corporation | - | - | - |
| Splunk Inc | 1.78% | 3.14% | - |
| Akamai Technologies Inc | 3.35% | 3.45% | 8.49% |
| Check Point Software Technologies Ltd | 13.54% | 17.90% | 36.67% |
| Proofpoint inc | - | - | - |
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).
Mimecast Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mimecast Limited | 114.65 | 9.74 |
| Intel Corporation | - | 10.38 |
| Splunk Inc | 245.16 | 7.33 |
| Akamai Technologies Inc | 39.21 | 3.87 |
| Check Point Software Technologies Ltd | 13.44 | 5.21 |
| Proofpoint inc | - | 8.88 |
| PEERS AVERAGE | - | 9.00 |
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.