(PCOR) Procore Technologies - Overview
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 7.148m USD | Total Return: -31.3% in 12m
Avg Turnover: 131M
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 8
Warnings
Interest Coverage Ratio -30.3 is critical
Altman Z'' -3.60 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Procore Technologies, Inc. (PCOR) operates a specialized cloud-based platform designed for the global construction management industry. The company provides integrated software solutions for preconstruction, project execution, resource management, and financial oversight. By centralizing data from owners, general contractors, and specialty contractors, the platform facilitates real-time collaboration across residential and non-residential projects.
The company operates under a Software-as-a-Service (SaaS) business model, which is common in the Application Software sub-industry to ensure recurring revenue and scalability. Procore’s platform is accessible via mobile and web interfaces, addressing the high demand for field-to-office connectivity in a sector historically fragmented by manual processes. Investors may find it beneficial to examine ValueRay for deeper insights into the companys valuation metrics.
Headquartered in Carpinteria, California, Procore has expanded its reach internationally since its incorporation in 2002. Its suite of tools includes specialized modules for workforce productivity, safety compliance, and payment processing between stakeholders. This comprehensive approach aims to reduce project risks and improve financial visibility throughout the construction lifecycle.
- International expansion increases total addressable market and subscription revenue growth
- Construction sector labor shortages drive demand for site productivity software
- High interest rates reduce new project starts and platform seat expansion
- Integration of financial management tools improves customer retention and upsell potential
- Operating margin expansion depends on scaling sales and marketing efficiency levels
| Net Income: -76.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.42 > 1.0 |
| NWC/Revenue: 6.87% < 20% (prev 10.97%; Δ -4.11% < -1%) |
| CFO/TA 0.15 > 3% & CFO 309.6m > Net Income -76.9m |
| Net Debt (-426.9m) to EBITDA (43.2m): -9.88 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (151.0m) vs 12m ago 0.64% < -2% |
| Gross Margin: 79.60% > 18% (prev 0.81%; Δ 7.88k% > 0.5%) |
| Asset Turnover: 67.59% > 50% (prev 61.22%; Δ 6.38% > 0%) |
| Interest Coverage Ratio: -30.26 > 6 (EBITDA TTM 43.2m / Interest Expense TTM 2.30m) |
| A: 0.04 (Total Current Assets 901.4m - Total Current Liabilities 807.2m) / Total Assets 2.11b |
| B: -0.64 (Retained Earnings -1.35b / Total Assets 2.11b) |
| C: -0.03 (EBIT TTM -69.7m / Avg Total Assets 2.03b) |
| D: -1.49 (Book Value of Equity -1.36b / Total Liabilities 908.1m) |
| Altman-Z'' = -3.60 = D |
| DSRI: 1.30 (Receivables 241.8m/161.6m, Revenue 1.37b/1.19b) |
| GMI: 1.02 (GM 79.60% / 81.15%) |
| AQI: 0.84 (AQ_t 0.45 / AQ_t-1 0.53) |
| SGI: 1.15 (Revenue 1.37b / 1.19b) |
| TATA: -0.18 (NI -76.9m - CFO 309.6m) / TA 2.11b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 46.38 with a total of 2,069,281 shares traded.
Over the past week, the price has changed by +1.12%,
over one month by -15.43%,
over three months by -7.94% and
over the past year by -31.28%.
Procore Technologies has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy PCOR.
- StrongBuy: 8
- Buy: 7
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 69.3 | 49.5% |
P/S = 5.2712
P/B = 6.0211
Revenue TTM = 1.37b USD
EBIT TTM = -69.7m USD
EBITDA TTM = 43.2m USD
Long Term Debt = 85.0m USD (estimated: total debt 93.0m - short term 8.02m)
Short Term Debt = 8.02m USD (from shortTermDebt, last quarter)
Debt = 177.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 85.0m
Net Debt = -426.9m USD (calculated: Debt 177.9m - CCE 604.9m)
Enterprise Value = 6.72b USD (7.15b + Debt 177.9m - CCE 604.9m)
Interest Coverage Ratio = -30.26 (Ebit TTM -69.7m / Interest Expense TTM 2.30m)
EV/FCF = 26.15x (Enterprise Value 6.72b / FCF TTM 257.1m)
FCF Yield = 3.82% (FCF TTM 257.1m / Enterprise Value 6.72b)
FCF Margin = 18.75% (FCF TTM 257.1m / Revenue TTM 1.37b)
Net Margin = -5.61% (Net Income TTM -76.9m / Revenue TTM 1.37b)
Gross Margin = 79.60% ((Revenue TTM 1.37b - Cost of Revenue TTM 279.8m) / Revenue TTM)
Gross Margin QoQ = 80.10% (prev 79.44%)
Tobins Q-Ratio = 3.19 (Enterprise Value 6.72b / Total Assets 2.11b)
Interest Expense / Debt = 1.29% (Interest Expense 2.30m / Debt 177.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = -55.0m (EBIT -69.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.12 (Total Current Assets 901.4m / Total Current Liabilities 807.2m)
Debt / Equity = 0.15 (Debt 177.9m / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = -9.88 (Net Debt -426.9m / EBITDA 43.2m)
Debt / FCF = -1.66 (Net Debt -426.9m / FCF TTM 257.1m)
Total Stockholder Equity = 1.23b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.79% (Net Income -76.9m / Total Assets 2.11b)
RoE = -2.98% (Net Income TTM -76.9m / Total Stockholder Equity 2.58b)
RoCE = -2.61% (EBIT -69.7m / Capital Employed (Equity 2.58b + L.T.Debt 85.0m))
RoIC = -7.81% (negative operating profit) (NOPAT -55.0m / Invested Capital 704.4m)
WACC = 12.19% (E(7.15b)/V(7.33b) * Re(12.47%) + D(177.9m)/V(7.33b) * Rd(1.29%) * (1-Tc(0.21)))
Discount Rate = 12.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 2.09%
[DCF] Terminal Value 66.58% ; FCFF base≈207.0m ; Y1≈237.3m ; Y5≈349.3m
[DCF] Fair Price = 23.51 (EV 3.12b - Net Debt -426.9m = Equity 3.55b / Shares 150.9m; r=12.19% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.27 | # QB: 0
Revenue Correlation: 99.03 | Revenue CAGR: 19.14% | SUE: 1.75 | # QB: 8
EPS current Quarter (2026-06-30): EPS=0.41 | Chg30d=-5.44% | Revisions=+0% | Analysts=19
EPS next Quarter (2026-09-30): EPS=0.46 | Chg30d=-8.60% | Revisions=-43% | Analysts=19
EPS current Year (2026-12-31): EPS=1.68 | Chg30d=-7.07% | Revisions=-39% | GrowthEPS=+23.4% | GrowthRev=+13.6%
EPS next Year (2027-12-31): EPS=2.12 | Chg30d=-5.85% | Revisions=-4% | GrowthEPS=+26.4% | GrowthRev=+13.2%
[Analyst] Revisions Ratio: -43%