Mix Telematics Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mix Telematics Limited (MIXT) 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: Mix Telematics Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 149M vs 7,814M combined for tracked competitors (1.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.5% annualized vs trailing 12 months), vs decelerating (-10.3%) for its tracked peer group.
- Growth: Mix Telematics Limited generated 3.1% revenue growth year over year in Q3 2023, vs 2.1% for its tracked competitors combined.
- Profitability: Its 3.8% net margin compares with 6.1% for the peer group.
- Peer revenue share: Mix Telematics Limited accounted for 2.2% of combined revenue among its tracked peer group, up from 2.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.11M compares with $0.30M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MIXT Sales vs. its Competitors, Q3 2023
Mix Telematics Limited reported revenue growth of 3.08 % year on year in Q3 2023, above its competitors' combined revenue growth of 2.08 %.
With a net margin of 3.80 %, Mix Telematics Limited reported lower profitability than its competitors (6.08 %).
Mix Telematics Limited generated 2.15 % of the combined sales of its peer group, up from 2.13 % a year earlier.
Mix Telematics Limited vs. its Competitors, Q3 2023
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 Mix Telematics Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mix Telematics Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mix Telematics Limited's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.0% year over year, combined, vs 3.1% for Mix Telematics Limited. Mix Telematics Limited's share of combined industry revenue moved from 0.01% to 0.01%, a gain of 0.00 percentage points.
Mix Telematics 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 |
|---|---|---|---|---|
| Mix Telematics Limited | Yes | Yes | No | No |
| Competitors combined (7) | ||||
| High-Confidence Competitors (4) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) | 25.00 % (2 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.
MIXT Stock Performance relative to its Competitors
MIXT Stock Performance relative to High-Confidence Competitors
MIXT 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 | Camp4 Therapeutics Corporation | 282.9% | Outperformed |
| 2 | Kvh Industries Inc | 282.9% | Outperformed |
| 3 | Sps Commerce Inc | 282.9% | Outperformed |
| 4 | Trimble Inc | 282.9% | Outperformed |
| 5 | Procore Technologies Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mix Telematics Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mix Telematics Limited's Comment on Competition and Industry Peers
We believe the principal competitive factors in our market include the following:
functionality and reliability;
total cost of ownership;
breadth and depth of application functionality for fleet deployments;
product performance;
interoperability;
brand and reputation;
customer service;
distribution channels, including a global footprint and the ability to
service multinationals;
regional geographic expertise including localized language support and support
for applicable government regulations;
size of customer base and reference accounts within key industry segments;
ability to deliver ongoing value and return on investment;
ease of deployment and ease of use;
relevant industry domain expertise and functionality; and
the financial resources of the vendor.
We believe that we compete favorably on the basis of these factors.
Publicly Traded Peers of Mix Telematics Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Mix Telematics Limited | 8,061.01 | 148.75 |
| Trimble Inc | 13,399.83 | 3,432.50 |
| Bentley Systems Incorporated | 9,980.19 | 1,602.17 |
| Procore Technologies Inc | 7,496.05 | 1,422.78 |
| Sps Commerce Inc | 2,963.10 | 773.39 |
| Camp4 Therapeutics Corporation | 223.03 | 4.22 |
| SUBTOTAL | 42,309.10 | 7,962.98 |
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Sources: Mix Telematics 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 Mix Telematics Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mix Telematics 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 |
|---|---|---|
| Samsara | Named by the company | 85% |
| Geotab | Named by the company | 85% |
| Inseego Corp | Named by the company | 85% |
| Teletrac Navman | Named by the company | 85% |
| Omnitracs | Named by the company | 85% |
| Karooooo Ltd | Named by the company | 85% |
| Trimble | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Mix Telematics 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.
Mix Telematics 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 |
|---|---|
| Mix Telematics Limited | Africa Sales Office 54.34 % |
| Trimble Inc | Field Systems 49.88 % |
| Camp4 Therapeutics Corporation | R&D 100.00 % |
| Kvh Industries Inc | Reportable 100.00 % |
| Comtech Telecommunications Corp | Allerium 52.61 % |
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).
Mix Telematics 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 |
|---|---|---|---|
| Mix Telematics Limited | 8,061 | 107,016 | 4,014 |
| Trimble Inc | 13,400 | 298,478 | -9,104 |
| Bentley Systems Incorporated | 9,980 | 276,236 | 49,969 |
| Procore Technologies Inc | 7,496 | 321,823 | -8,794 |
| Sps Commerce Inc | 2,963 | 262,343 | 26,460 |
| Camp4 Therapeutics Corporation | 223 | 87,833 | -2,234,250 |
| PEERS TOTAL | 34,248 | 297,130 | 3,303 |
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Mix Telematics 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 |
|---|---|
| Trimble Inc | North America 66.43 % |
| Bentley Systems Incorporated | United States, Canada, and Latin America 53.29 % |
| Procore Technologies Inc | United States 84.37 % |
| Comtech Telecommunications Corp | United States Domestic 55.14 % |
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.
Mix Telematics 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 | 62.23 % | 64.28 % (avg) | -2.1 pp |
| Operating Margin | 8.71 % | industry median | +22.9 pp |
| EBITDA Margin | 23.47 % | 2.53 % (avg) | +20.9 pp |
| Capital Intensity (Capex / Revenue) | - | 4.79 % (avg) | - |
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.
Mix Telematics 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 | 679.6x | 39.5x | +640.2x |
| EV / EBITDA | 112.8x | 21.7x | +91.1x |
| P/B | 36.9x | 5.4x | +31.5x |
| Return on Equity | 5.21 % | industry aggregate | -15.04 % |
| Return on Invested Capital | 5.51 % | -0.26 % (avg) | 5.77 % |
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.
Mix Telematics 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 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue Growth | - | -40.58 % | 0.64 % | 4.44 % |
| Operating Margin | 14.00 % | 11.70 % | 8.24 % | 8.71 % |
| Return on Invested Capital | 14.39 % | 6.27 % | 4.74 % | 5.51 % |
| P/E | 394.6x | 656.6x | 752.9x | 679.6x |
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.
Mix Telematics Limited's Strategic Group Map
Every company in Mix Telematics Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Mix Telematics 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.
Mix Telematics 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.
Mix Telematics Limited 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.
Mix Telematics 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 22.9 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+3.5% annualized vs trailing 12 months).
Weaknesses
- Return on equity 15.0 points below the industry aggregate.
Opportunities
- Industry revenue growing at a healthy 11.6% median pace.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-10.3% 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.
Mix Telematics 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 |
|---|---|---|---|
| Mix Telematics Limited | 0.52 | 1.27 | 0.16 |
| Trimble Inc | 0.17 | 1.02 | 0.25 |
| Bentley Systems Incorporated | 0.14 | 0.57 | 1.01 |
| Procore Technologies Inc | 0.51 | 1.23 | - |
| Sps Commerce Inc | 0.99 | 2.26 | - |
| Camp4 Therapeutics Corporation | 6.26 | 6.49 | - |
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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.
Mix Telematics 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 |
|---|---|---|---|
| Mix Telematics Limited | Q4 2023 | +3.1 % | -47.6 % |
| Trimble Inc | Q2 2026 | +28.2 % | - |
| Bentley Systems Incorporated | Q2 2026 | +13.0 % | +11.4 % |
| Procore Technologies Inc | Q2 2026 | +16.1 % | - |
| Sps Commerce Inc | Q2 2026 | +6.0 % | -65.2 % |
| Camp4 Therapeutics Corporation | Q2 2026 | +18.8 % | - |
| PEERS TOTAL | +17.1 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mix Telematics 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 |
|---|---|---|---|
| Mix Telematics Limited | Q4 2023 | +15.8 % | +7.1 % |
| Trimble Inc | Q2 2026 | +85.7 % | +20.3 % |
| Bentley Systems Incorporated | Q2 2026 | +8.8 % | +88.6 % |
| Procore Technologies Inc | Q2 2026 | +12.6 % | +15.6 % |
| Sps Commerce Inc | Q2 2026 | +0.0 % | +29.0 % |
| Camp4 Therapeutics Corporation | Q2 2026 | - | - |
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Mix Telematics Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mix Telematics Limited | 3.15% | 4.35% | 5.21% |
| Trimble Inc | - | - | - |
| Bentley Systems Incorporated | 8.21% | 11.19% | 24.09% |
| Procore Technologies Inc | - | - | - |
| Sps Commerce Inc | 6.76% | 7.77% | 8.14% |
| Camp4 Therapeutics Corporation | - | - | - |
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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).
Mix Telematics Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mix Telematics Limited | 1,387.93 | 54.19 |
| Trimble Inc | - | 3.90 |
| Bentley Systems Incorporated | 35.16 | 6.23 |
| Procore Technologies Inc | - | 5.27 |
| Sps Commerce Inc | 39.14 | 3.83 |
| Camp4 Therapeutics Corporation | - | 52.90 |
| PEERS AVERAGE | 457.62 | 5.31 |
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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.