Simulations Plus Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Simulations Plus Inc (SLP) 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: Simulations Plus Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 81M vs 667M combined for tracked competitors (10.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+7.6% annualized vs trailing 12 months), vs decelerating (-8.8%) for its tracked peer group.
- Growth: Simulations Plus Inc generated 9.3% revenue growth year over year in Q3 2026, vs -4.5% for its tracked competitors combined.
- Profitability: Its 16.3% net margin compares with -32.4% for the peer group.
- Scale: Simulations Plus Inc ranks #74 of 165 companies by market capitalization in the Cloud Computing & Data Analytics industry, holding 0.1% of industry market cap.
- Peer revenue share: Simulations Plus Inc accounted for 12.6% of combined revenue among its tracked peer group, up from 11.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.38M compares with $0.21M for the peer group (1.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SLP Sales vs. its Competitors, Q3 2026
Simulations Plus Inc reported revenue growth of 9.29 % year on year in Q3 2026, above its competitors' combined revenue change of -4.50 %.
With a net margin of 16.33 %, Simulations Plus Inc achieved higher profitability than its competitors (-32.40 %).
Simulations Plus Inc generated 12.58 % of the combined sales of its peer group, up from 11.17 % a year earlier.
Simulations Plus Inc vs. its Competitors, Q3 2026
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 Simulations Plus Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Simulations Plus Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Simulations Plus Inc's competitor groups requires a Commercial License.
For context: the Cloud Computing & Data Analytics industry grew revenue 1.3% year over year, combined, vs 9.3% for Simulations Plus Inc. Simulations Plus Inc's share of combined industry revenue moved from 0.01% to 0.02%, a gain of 0.00 percentage points.
Simulations Plus 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 |
|---|---|---|---|---|
| Simulations Plus Inc | Yes | Yes | No | No |
| Competitors combined (3) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 25.00 % (2 of 8) | 42.90 % (3 of 7) |
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.
SLP Stock Performance relative to its Competitors
SLP Stock Performance relative to High-Confidence Competitors
SLP Stock Performance relative to Similar-Size Competitors
SLP 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 | Schrodinger Inc | 282.9% | Outperformed |
| 2 | Icon Plc | 282.9% | Outperformed |
| 3 | Certara Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Simulations Plus Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Simulations Plus Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Simulations Plus Inc | 374.02 | 81.39 |
| Icon Plc | 13,863.96 | 8,251.34 |
| Schrodinger Inc | 2,235.20 | 259.03 |
| Certara Inc | 1,409.28 | 408.45 |
| SUBTOTAL | 17,882.45 | 9,000.21 |
Sources: Simulations Plus 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 Simulations Plus Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Simulations Plus 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 |
|---|---|---|
| Certara Inc | Named by the company | 85% |
| Schrodinger Inc | Named by the company | 85% |
| Metrum Research Group | Named by the company | 85% |
| Icon Plc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Simulations Plus 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.
Simulations Plus 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 |
|---|---|
| Simulations Plus Inc | Software 57.59 % |
| Schrodinger Inc | Software 60.70 % |
| Certara Inc | Reportable 100.00 % |
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).
Simulations Plus 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 |
|---|---|---|---|
| Simulations Plus Inc | 374 | 382,094 | 38,052 |
| Icon Plc | 13,864 | 205,769 | 5,719 |
| Schrodinger Inc | 2,235 | 304,747 | -63,924 |
| Certara Inc | 1,409 | 259,169 | -43,782 |
| PEERS TOTAL | 17,508 | 209,726 | 2,493 |
Simulations Plus 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 |
|---|---|
| Simulations Plus Inc | Americas 73.37 % |
| Icon Plc | Ireland 38.58 % |
| Schrodinger Inc | United States 53.61 % |
| Certara Inc | Americas 66.59 % |
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.
Simulations Plus Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 148 companies in Simulations Plus Inc's industry classification, broader than the peer set above. Market cap in millions of $.Simulations Plus Inc ranks #74 of 148 companies by market capitalization in its industry, holding 0.06 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 546, indicating a unconcentrated 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 | Automatic Data Processing Inc | 105,523 | 16.92 % |
| 2 | Workday Inc | 45,532 | 7.30 % |
| 3 | Infosys Limited | 43,117 | 6.91 % |
| 4 | Zscaler Inc | 31,483 | 5.05 % |
| 5 | Reddit Inc | 1,234 | 5.2% |
| 6 | Cognizant Technology Solutions Corporation | 1,234 | 5.2% |
| 7 | Verisign Inc | 1,234 | 5.2% |
| 8 | Verisk Analytics Inc | 1,234 | 5.2% |
| 9 | Toast Inc | 1,234 | 5.2% |
| 10 | Wipro Limited | 1,234 | 5.2% |
| 74 | Simulations Plus Inc | 374 | 0.06 % |
Market cap and industry share for the rest of Simulations Plus Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Simulations Plus Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 69 | Veradigm Inc | 541 | - |
| 70 | Kodiak Ai Inc | 466 | -69.66 % |
| 71 | Gravity co ltd | 466 | 5.54 % |
| 72 | Spectral Capital Corporation | 460 | 126.64 % |
| 73 | Ci and t Inc | 1,234 | 12.3% |
| 74 | Simulations Plus Inc | 374 | 25.78 % |
| 75 | Sohu com Limited | 1,234 | 12.3% |
| 76 | Gloo Holdings Inc | 1,234 | 12.3% |
| 77 | Ecarx Holdings Inc | 1,234 | 12.3% |
| 78 | Perion Network Ltd | 1,234 | 12.3% |
| 79 | 8x8 Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Simulations Plus Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Simulations Plus Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cloud Computing & Data Analytics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (203 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 63.91 % | 51.85 % (avg) | +12.1 pp |
| Operating Margin | 14.13 % | industry median | +15.1 pp |
| EBITDA Margin | 35.89 % | 2.97 % (avg) | +32.9 pp |
| Capital Intensity (Capex / Revenue) | - | 5.21 % (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.
Simulations Plus Inc's Valuation vs Competitive Position
Valuation multiples vs the Cloud Computing & Data Analytics industry average (203 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 | 42.7x | 27.6x | +15.1x |
| EV / EBITDA | 10.4x | 16.4x | -6.0x |
| P/B | 2.6x | 4.0x | -1.4x |
| Return on Equity | 6.21 % | industry aggregate | -4.53 % |
| Return on Invested Capital | 4.40 % | 1.95 % (avg) | 2.45 % |
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.
Simulations Plus 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 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 25.48 % | 16.85 % | 18.92 % | 19.68 % | 14.26 % | 16.99 % | 18.24 % | 5.54 % |
| Operating Margin | 34.51 % | 32.59 % | 31.48 % | 27.83 % | 21.18 % | 14.18 % | 7.21 % | -90.49 % |
| Return on Invested Capital | 15.29 % | 14.37 % | 14.66 % | 5.77 % | 3.15 % | 2.58 % | 1.46 % | -24.87 % |
| P/E | 45.5x | 40.1x | 66.2x | 131.5x | 82.2x | 75.2x | 75.6x | - |
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.
Simulations Plus Inc's Strategic Group Map
Every company in Simulations Plus Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Simulations Plus 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.
Simulations Plus Inc's BCG Growth-Share Matrix
Relative market share (vs Simulations Plus Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Simulations Plus Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 5.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Simulations Plus 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 |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 546 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Simulations Plus Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Simulations Plus 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.
Simulations Plus 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.
Simulations Plus 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.
Simulations Plus 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
- Operating margin 15.1 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+7.6% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-8.8% 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.
Simulations Plus 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 |
|---|---|---|---|
| Simulations Plus Inc | 3.12 | 6.24 | - |
| Icon Plc | 0.20 | 1.10 | 0.43 |
| Schrodinger Inc | 1.40 | 2.84 | - |
| Certara Inc | 1.25 | 2.13 | 0.29 |
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.
Simulations Plus 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 |
|---|---|---|---|
| Simulations Plus Inc | Q2 2026 | +9.3 % | - |
| Icon Plc | Q4 2025 | -0.4 % | -69.0 % |
| Schrodinger Inc | Q2 2026 | +7.5 % | - |
| Certara Inc | Q2 2026 | -10.8 % | - |
| PEERS TOTAL | -0.4 % | -70.7 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Simulations Plus 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 |
|---|---|---|---|
| Simulations Plus Inc | Q2 2026 | -3.4 % | -28.5 % |
| Icon Plc | Q4 2025 | +4.4 % | +3.7 % |
| Schrodinger Inc | Q2 2026 | -7.5 % | +15.3 % |
| Certara Inc | Q2 2026 | +2.4 % | -39.6 % |
Simulations Plus Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Simulations Plus Inc | 5.76% | 6.19% | 6.21% |
| Icon Plc | 1.41% | 1.68% | 2.49% |
| Schrodinger Inc | - | - | - |
| Certara 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).
Simulations Plus Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Simulations Plus Inc | 46.65 | 4.60 |
| Icon Plc | 60.45 | 1.68 |
| Schrodinger Inc | - | 8.63 |
| Certara Inc | - | 3.45 |
| PEERS AVERAGE | 156.71 | 1.99 |
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.