Procore TECHNOLOGIES, Inc. (PCOR) intrinsic value & 10-year financials

Procore TECHNOLOGIES, Inc. (PCOR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 28.8% a year to $1.3B, with an average return on invested capital of -61.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$56.98
Market cap
$8.6B
Revenue (FY2025)
$1.3B
Revenue growth (8-yr CAGR)
28.8%
ROIC (10-yr avg)
-61.5%
Free cash flow (FY2025)
$282.2M

PCOR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.3B -$100.8M -$0.67 $282.2M -9.4% -14.0%
FY2024 $1.2B -$106.0M -$0.72 $177.0M -11.8% -15.1%
FY2023 $950.0M -$189.7M -$1.34 $81.7M -22.7% -24.2%
FY2022 $720.2M -$286.9M -$2.10 -$3.2M -40.3% -36.4%
FY2021 $514.8M -$265.2M -$2.86 $24.3M -55.5% -387.4%
FY2020 $400.3M -$96.2M — $14.7M -14.6% 10.4%
FY2019 $289.2M -$83.1M — -$20.1M -28.6% 36.4%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

PROCORE TECHNOLOGIES, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

PROCORE TECHNOLOGIES, INC. has historically struggled to out-earn its cost of capital, averaging just -6.7% ROIC.

PROCORE TECHNOLOGIES, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, PROCORE TECHNOLOGIES, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-22.25 per share.

PCOR stock: frequently asked questions

What is the intrinsic value of Procore TECHNOLOGIES, Inc. (PCOR) stock?

Graham's formula only works with positive earnings. Procore TECHNOLOGIES, Inc. reported diluted EPS of -$0.67 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Procore TECHNOLOGIES, Inc. generate free cash flow?

Procore TECHNOLOGIES, Inc. generated $282.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 7 reported years.

What is PCOR's return on invested capital?

Average ROIC over the last 8 fiscal years was -61.5%, and average return on equity was -6.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PCOR data come from?

From Procore TECHNOLOGIES, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar prepackaged software stocks