Quality Investor

Angi Inc.

Rank #25Hypergrowth

ANGI · Nasdaq · Communication Services

Angi Inc. (ANGI) — Rank #25 by gross profitability (GP/assets 0.74) · ROE 6.4% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001705110 · all metrics point-in-time as of the filing date.

About

Angi Inc. connects home professionals with consumers in the United States and internationally.

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The company provides consumers with tools and resources to help them find local, pre-screened and customer-rated professionals, and refers consumers to independently established home professionals; and connects consumers with professionals in various service categories in its nationwide network through digital marketplace and certain third-party affiliate platforms. It also provides consumers access to online True Cost Guide which offers project cost information for various project types nationwide, ratings, reviews, and promotions, as well as a library of home services-related content that consists of articles relating to home improvement, repair and maintenance, and tools. In addition, the company sells membership subscriptions to approved professionals through its salesforce and online channels. Further, it provides pre-priced offerings, pursuant to which consumer requests services through the platform and pay for such services on the platform directly. Additionally, the company owns and operates international businesses that connect consumers with home professionals under HomeStars, MyBuilder, MyHammer, Travaux, and Werkspot home services marketplaces; and offers quoting and invoicing services. It operates under various brands, including Angi, Angie's List, HomeAdvisor, and Handy. The company was formerly known as ANGI Homeservices Inc. and changed its name to Angi Inc. in March 2021. Angi Inc.

was founded in 1995 and is headquartered in Denver, Colorado.

Industry
Internet Content & Information
Sector
Communication Services
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
angi.com

Price History

ANGI-95.5% · -46.2% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$201.44M

P/E (annual)

5.3

P/S (annual)

0.2

P/B

0.3

P/OCF (annual)

1.9

Shareholder Yield

88.8%

Employees

2,300

Industry

Internet Content & Information

Exchange

Nasdaq

Signal Flags

3 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.74
Return on equity
6.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.93
Current ratio
1.20×
Net cash
-$209.77M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.4%

Growth

2/2 pass
Revenue growth
106.6%
Piotroski F-Score
6 / 9
Share dilution
-88.8%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-11.8%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -88.8% — per-share value needs a total required return of -100.6% once share-count change is priced in.

vs. own 6-year median revenue growth: 120.9%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-14.9%

r = 10% (base)

-11.8%

r = 12%

-9.2%

Net debt / market cap: 90.7%— material leverage inflates the implied growth read.

Base FCF: $45.5M3Y mean FCF: $15M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
1018.6xmed 1092.0x4983.3x

P / S

Price / revenue per share

6.6xCheap
6.6xmed 63.6x171.7x

P / B

Price / book value per share

12.0xCheap
12.0xmed 62.6x487.3x

P / GP

Price / gross profit per share

8.7xCheap
8.7xmed 69.1x183.3x

P / FCF

Price / free cash flow per share

N/A
254.0xmed 1278.4x8037.0x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.74

Primary signal (Novy-Marx).

92nd pctl of 98 SIC 73 peers

Return on equity

6.4%

Gross margin

95.4%

100th pctl of 97 SIC 73 peers

Revenue growth (YoY)

106.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2017202020212022
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-16.4%

Revenue CAGR (5Y)

-6.8%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.93

43rd pctl of 87 SIC 73 peers (best = lowest)

Current ratio

1.20×

12th pctl of 97 SIC 73 peers

Quick ratio

1.05×

Net cash

-$209.77M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$45.47M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.04

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.4%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20152022
Hypergrowth