COMPARE · Data as of August 24, 2026
INOD vs PGY
Verdict: Side-by-side breakdown using the Bull Rankings model. INOD scored 86.1, PGY scored 86.1 — tied at the top.
Compare another set
INOD
Innodata Inc.
86.1
$57.13 · $2.0B
fundamentals as of
Score gap
0.0
Tied
PGY
Pagaya Technologies Ltd.
86.1
$21.82 · $1.8B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestPGY15.5x
- Fastest growthINOD+39.0%
- Strongest balance sheetINOD0.02
- Highest qualityINOD86 / 100
- Largest discount to fair valuePGY-57%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
INOD
stronger →← stronger
PGY
86
Qualityreturns · margins · balance sheet
70
97
Growthrevenue & earnings expansion
92
77
Valuevaluation vs sector peers
99
INOD is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
INOD
PGY
$184mC
FCF
$252mC
+39.0%A
Rev
+25.6%A-
0.02A-
D/E
1.34C
44.3xC+
P/E
15.5xA-
0.87B+
PEG
0.04A
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
INOD
PGY
54% below
Price vs fair valuelower is cheaper
57% below
~-5%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-14%/yr
+67%
1-yr DCF upside
+116%
+120%
5-yr DCF upside
+135%
+228%
10-yr DCF upside
+164%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
INOD
Why this score
- Durable high returns
- Diluting shareholders
PGY
Why this score
- Durable high returns
- Diluting shareholders
The companies
INODInnodata Inc.
Why now
Information Technology Services · market cap $2.0b. Down 54% from 52-week high of $125.14 — deep drawdown territory. Revenue growing +39% — in hypergrowth territory. PEG 0.87 — paying under fair value for the growth rate. 4 sell-side analysts publish a mean 1-yr target of $122.75 (implying +115% upside).
Moat
Net margin 15% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 29% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Down 54% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.92 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 44x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
PGYPagaya Technologies Ltd.
Why now
Software - Infrastructure · market cap $1.8b. Down 52% from 52-week high of $44.99 — deep drawdown territory. Revenue growing +26% — in hypergrowth territory. PEG 0.04 — paying under fair value for the growth rate. 10 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $29.20 (implying +34% upside).
Moat
ROE 19% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong. 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
Down 52% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 5.37 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. 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
INOD and PGY score effectively even on the Bull Rankings model (86.1 versus 86.1), so none holds a clear model edge — the call comes down to which trade-off you weight more: sector exposure (Information Technology Services versus Software - Infrastructure) and valuation.
Our AI analyst is busy right now, so this verdict is drawn directly from the pillars, grades and DCF above.
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 INOD and PGY diverge
The two are effectively level on the headline score. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValueINOD 76.5 · PGY 99.3PGY +22.8
- QualityINOD 85.6 · PGY 70.0INOD +15.6
- GrowthINOD 97.5 · PGY 91.9INOD +5.6
Pillars run 0–100 against sector peers, so a 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.