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VTEX

Rank #69Capital Return

VTEX · NYSE · Technology

VTEX (VTEX) — Rank #69 by gross profitability (GP/assets 0.54) · ROE 8.6% · Piotroski F-Score 7 / 9.

As-of 2026-09-15 · CIK 0001793663 · all metrics point-in-time as of the filing date.

About

VTEX, together with its subsidiaries, provides software-as-a-service digital commerce platform for enterprise brands and retailers.

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It provides VTEX platform that enables customers to execute commerce strategy, including building online stores, and integrating and managing orders across channels, as well as creating marketplaces to sell products from third-party vendors. The company also offers customer support services; and optional services, such as project management, solutions architecting, and implementation consulting services. It serves its products to home appliances, apparel and accessories, beauty and health, electronics, grocery, department stores, and toys and hobbies, as well as home, furniture, and decoration markets. The company has operations in Brazil, Argentina, Chile, Colombia, France, Italy, Mexico, Peru, Portugal, Romania, Spain, the United Kingdom, the United States, and internationally.

VTEX was founded in 2000 and is headquartered in Grand Cayman, Cayman Islands.

Industry
Software - Application
Sector
Technology
State
E9
Filer Category
Accelerated filerEmerging growth company
Fiscal Year End
December 31
Website
vtex.com

Price History

VTEX-86.3% · -32.8% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$626.54M

P/E (annual)

34.0

P/S (annual)

2.6

P/B

2.7

P/OCF (annual)

18.8

Shareholder Yield

3.8%

Employees

1,139

Industry

Software - Application

Exchange

NYSE

Signal Flags

2 green
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal

Quality Profile

Profitability

1/1 pass
GP / assets
0.54
Return on equity
8.6%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.48
Current ratio
3.04×
Net cash
$192.10M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
7.2%

Growth

2/2 pass
Revenue growth
6.1%
Piotroski F-Score
7 / 9
Share dilution
-3.8%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

Valuation History

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

P / S

Price / revenue per share

0.0xCheap
0.0xmed 0.0x0.0x

P / B

Price / book value per share

0.0xExpensive
0.0xmed 0.0x0.0x

P / GP

Price / gross profit per share

0.0xCheap
0.0xmed 0.0x0.0x

P / FCF

Price / free cash flow per share

0.0xCheap
0.0xmed 0.0x0.1x

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.54

Primary signal (Novy-Marx).

78th pctl of 38 SIC 7372 peers

Return on equity

8.6%

Gross margin

77.5%

68th pctl of 38 SIC 7372 peers

Revenue growth (YoY)

6.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.48

69th pctl of 33 SIC 7372 peers (best = lowest)

Current ratio

3.04×

73rd pctl of 38 SIC 7372 peers

Quick ratio

2.88×

Net cash

$192.10M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$32.33M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.62

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

7.2%

Stock-based comp intensity.

Piotroski F-Score

F-Score

7 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20232025
Capital Return
View full financial statements →