Docebo vs PDF Solutions
Docebo and PDF Solutions are similar in size: $243m and $219m of revenue in their latest fiscal years. PDF Solutions grew faster (22.0% against 11.9%). Docebo kept more of each dollar of sales as profit: a net margin of 15.5% against -0.3%. Docebo carries less debt relative to equity (0.0% against 25.1%).
| Latest fiscal year | DoceboDCBO, 2025 | PDF SolutionsPDFS, 2025 |
|---|---|---|
| Revenue | $243m | $219m |
| Revenue growth | 11.9% | 22.0% |
| Net income | $37.5m | −$640,000 |
| Operating margin | 9.6% | 2.7% |
| Net margin | 15.5% | -0.3% |
| Return on equity | 56.9% | -0.2% |
| Free cash flow | $27.2m | −$8.6m |
| Cash | $74.0m | $42.2m |
| Total debt | $0 | $68.1m |
| Debt to equity | 0.0% | 25.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $244,000 |
| Employees | — | 600 |
| Market value | $876m | $1.79bn |
| Price vs our value range | Within our value range | — |
| Moat score | — | 34 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 2 sales |