Verdict: Side-by-side breakdown using the Bull Rankings model. DAVE scored 84.2, NAVN scored 30.4 — DAVE leads.
Compare another set
DAVE
Dave Inc.
Software - Application · Quality-Growth
84.2
$368.42 · $4.7B
fundamentals as of
Score gap
53.8
DAVE leads
NAVN
Navan, Inc.
Software - Application · Quality-Growth
30.4
$23.64 · $6.2B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
Fastest growthDAVE+59.7%
Strongest balance sheetNAVN0.13
Highest qualityDAVE76 / 100
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
DAVE
stronger →← stronger
NAVN
76
Qualityreturns · margins · balance sheet
31
99
Growthrevenue & earnings expansion
95
80
Valuevaluation vs sector peers
10
DAVE is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
DAVE
NAVN
$319mC
FCF
$46mC-
+59.7%A
Rev
+34.8%A
1.29C
D/E
0.13B+
23.8xB+
P/E
—
0.85B+
PEG
—
—
P/S
7.5xC+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
DAVE
NAVN
3% above
Price vs fair valuelower is cheaper
482% above
~16%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
>60%/yr
-25%
1-yr DCF upside
-87%
-3%
5-yr DCF upside
-83%
+36%
10-yr DCF upside
-75%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
DAVE
Why this score
Durable high returns
Diluting shareholders
NAVN
Why this score
Short track record
The companies
DAVEDave Inc.
Software - Application · $368.42 · beta 3.93
Why now
Software - Application · market cap $4.7b. 20% off the 52-week high of $458.25. Revenue growing +60% — in hypergrowth territory. PEG 0.85 — paying under fair value for the growth rate. 14 sell-side analysts rate this a Buy with a mean 1-yr target of $444.21 (implying +21% upside).
Moat
Net margin 35% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. FCF converts 143% of net income — earnings translate cleanly into cash. Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Beta 3.93 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. SaaS displacement — recurring revenue is sticky in good times but accelerates in churn during a downturn as customers consolidate vendors and renegotiate seat counts.
NAVNNavan, Inc.
Software - Application · $23.64
Why now
Software - Application · market cap $6.2b. Down 23% from 52-week high of $30.88 — deep drawdown territory. Revenue growing +35% — in hypergrowth territory. 15 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $30.80 (implying +30% upside).
Moat
Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Currently unprofitable (margin -42.1%) — path to GAAP profitability is the core thesis risk. ROE -26% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where DAVE and NAVN diverge
On the headline score the gap is 53.8 points in favor of DAVE. The widest single difference is Value, where DAVE leads by 70.7 points.
ValueDAVE 80.2 · NAVN 9.5DAVE +70.7
QualityDAVE 75.5 · NAVN 31.0DAVE +44.5
GrowthDAVE 98.6 · NAVN 94.9DAVE +3.7
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is DAVE or NAVN the better stock?
DAVE scores higher: DAVE 84.2, NAVN 30.4 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do DAVE and NAVN differ most?
The widest gap is value, where DAVE leads by 71 points on the 0–100 pillar scale. DAVE leads all three pillars, so the gap is broad rather than a single-measure difference.
How are DAVE and NAVN scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.