Similarweb Ltd. (SMWB) intrinsic value & 10-year financials
Similarweb Ltd. (SMWB) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 26.0% a year to $282.6M, with an average return on invested capital of 188.0%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $282.6M
- Revenue growth (8-yr CAGR)
- 26.0%
- ROIC (10-yr avg)
- 188.0%
- Free cash flow (FY2025)
- $13.2M
SMWB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $282.6M | -$32.9M | -$0.39 | $13.2M | -8.3% | 259.1% |
| FY2024 | $249.9M | -$11.5M | -$0.14 | $28.7M | -3.9% | 79.2% |
| FY2023 | $218.0M | -$29.4M | -$0.38 | -$4.6M | -13.2% | 157.2% |
| FY2022 | $193.2M | -$83.7M | -$1.10 | -$74.3M | -45.5% | 294.1% |
| FY2021 | $137.7M | -$69.0M | -$1.30 | -$29.9M | -48.0% | 150.4% |
| FY2020 | $93.5M | -$22.0M | -$1.58 | -$4.5M | -21.0% | — |
| FY2019 | $70.6M | -$17.7M | -$1.32 | -$10.0M | -22.8% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SIMILARWEB LTD. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
SIMILARWEB LTD. has earned high returns on invested capital, averaging 17.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
SIMILARWEB LTD. 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, SIMILARWEB LTD. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.95 per share.