J.P. Morgan Enterprise Software: Software Universe Comp Sheet & Events Calendar

研报英文原文证据摘录

J.P. Morgan Enterprise Software: Software Universe Comp Sheet & Events Calendar

Broad Enterprise Software (1/3) - Sorted by Market Cap

Growth +

FTM FTM Op EV/FCF adj.

Price Mkt Cap FTM CY26E CY27E EV/Rev EV/Rev EV/Rev FTM Rev Op Mgn Margin CY26E CY27E P/E P/E EV/OCF EV/FCF SBC

Ticker Company (07/22/26) ($M) ↓ EV ($M) Rev Rev Rev (FTM) (CY26E) (CY27E) Growth (GAAP) (GAAP) PF EPS PF EPS (CY26E) (CY27E) (FTM) (FTM) (FTM)

All Software 51,211 51,797 7,541 7,129 8,322 5.6x 5.8x 5.1x 13% 20% 32% 26x 25x 19x 22x 31x

Pure-Play Cloud Vendors 15,408 16,020 3,267 3,133 3,590 4.0x 4.2x 3.6x 14% 16% 30% 25x 22x 16x 19x 36x

Large Cap (>$10B Market Cap) 134,601 136,395 18,297 17,389 20,270 10.5x 11.0x 9.5x 20% 24% 44% 35x 34x 27x 31x 32x

SMid Cap (<$10B Market Cap) 3,101 2,991 1,173 1,133 1,248 2.7x 2.8x 2.5x 9% 17% 25% 20x 19x 13x 16x 30x

MSFT Microsoft 390.34 2,906,081 2,868,071 365,729 353,087 402,998 7.8x 8.1x 7.1x 15% 46% 61% 17.61 19.91 22x 20x 15x nm nm

ORCL Oracle 125.84 366,824 464,471 90,056 76,519 104,853 5.2x 6.1x 4.4x 34% 29% 63% 7.55 8.90 17x 14x 16x nm nm

PLTR Palantir 124.57 298,633 290,607 8,534 7,724 11,256 34.1x 37.6x 25.8x 63% 58% 122% 1.47 2.08 85x 60x 63x 62x 65x

PANW Palo Alto Networks 335.28 273,253 267,613 13,378 12,659 14,498 20.0x 21.1x 18.5x 26% 29% 56% 3.79 4.40 88x 76x 12x 54x 84x

CRWD Crowdstrike 188.42 191,860 188,053 6,249 5,846 7,111 30.1x 32.2x 26.4x 23% 25% 48% 1.18 1.51 nm 125x 94x 97x nm

SAP SAP SE 148.75 182,740 180,221 47,123 45,816 51,125 3.8x 3.9x 3.5x 9% 30% 39% 8.29 9.73 18x 15x 14x 15x 17x

SHOP Shopify 118.42 153,134 147,391 15,533 14,824 18,365 9.5x 9.9x 8.0x 26% 18% 44% 1.89 2.39 63x 50x 52x 53x 65x

CRM Salesforce 163.00 141,973 164,912 47,098 45,760 50,026 3.5x 3.6x 3.3x 10% 35% 45% 14.23 15.60 11x 10x 11x 11x 14x