PAY
Paymentus Holdings, Inc.
PAY has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has a slight edge over PAY overall, supported by stronger fundamentals.
PAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
PAY's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
PAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 33x | $33.75 | — |
| Current | 46x | $33.75 | — |
| Cheap | 60x | $44.04 | +30% |
| Fair | 103x | $75.05 | +122% |
| Expensive | 409x | $299 | +785% |
Historical ranges are pointers, not guarantees.
PAY's PE is in its cheap range at 46x. If earnings grow as analysts expect, today's price would be 33x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over PAY in the historical PE scenario, which offers more potential upside but is not a forecast.
PAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for PAY, with profitability improving. However, they disagree widely on these estimates.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
PAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.04 | +42% |
| Q3 2026 | $0.73 | +55% |
| Q2 2026 | $0.66 | +50% |
| Q1 2026 | $0.57 | +42% |
| Q4 2025 | $0.52 | +49% |
| Q3 2025 | $0.47 | +52% |
| Q2 2025 | $0.44 | +76% |
| Q1 2025 | $0.40 | +74% |
| Q4 2024 | $0.35 | +94% |
PAY's earnings per share have climbed steadily: $0.73 over the past year, up 55% from the year before, and higher year over year for 14 quarters in a row.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over PAY in the latest year-over-year earnings comparison.
PAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $372.2M | +20% |
| Q2 2026 | $360.7M | +29% |
| Q1 2026 | $358.4M | +30% |
| Q4 2025 | $330.5M | +28% |
| Q3 2025 | $310.7M | +34% |
| Q2 2025 | $280.1M | +42% |
| Q1 2025 | $275.2M | +49% |
| Q4 2024 | $257.9M | +56% |
PAY's revenue has grown year over year for 23 quarters in a row: $372M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9% | +2.6 points |
| Q2 2026 | 9% | +3.4 points |
| Q1 2026 | 7.4% | +1.7 points |
| Q4 2025 | 7.3% | +1.8 points |
| Q3 2025 | 6.4% | +1.2 points |
| Q2 2025 | 5.7% | +0.5 points |
| Q1 2025 | 5.7% | +1.2 points |
| Q4 2024 | 5.5% | 0 points |
PAY's operating margin was 9% last quarter, up 2.6 points from the same quarter a year ago, near the top of its range since 2018.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over PAY on profitability, with a higher operating margin.
PAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $43.4M | +24% |
| Q2 2026 | $48.7M | +55% |
| Q1 2026 | $30.4M | -40% |
| Q4 2025 | $45M | +62% |
| Q3 2025 | $35M | +425% |
| Q2 2025 | $31.4M | +76% |
| Q1 2025 | $50.4M | +365% |
| Q4 2024 | $27.8M | +14% |
PAY generated $168M in free cash flow over the past year, up 16% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
PAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +1.3M shares |
| 1 year | +0.8% | +1.1M shares |
| 3 years | +3.7% | +4.7M shares |
| 5 years | +4.7% | +5.9M shares |
| Available history | +18% | +19.8M shares |
PAY has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q2 2018 | — |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
PAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.0x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -3.2x | Net Cash |
| Q4 2025 | -3.3x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -3.4x | Net Cash |
| Q1 2025 | -3.4x | Net Cash |
| Q4 2024 | -3.3x | Net Cash |
PAY has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
PAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.0 | Neutral |
| Stochastic | 27.5 | Neutral |
PAY's weekly RSI is 55 (neutral) and its Stochastic is 28 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
PAY PE vs Technology Sector
| Metric | PAY | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 28x | 66% above |
| PE % | 4 | 43 | 39 pts below |
PAY is trading at 46x earnings, a 66% premium to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over PAY on valuation relative to its sector.
PAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.2 | 4.7% above |
| 20 week MA | $33.5 | 0.8% above |
| 50 week MA | $29.2 | 16% above |
| 100 week MA | $30.7 | 10% above |
| 200 week MA | $23.8 | 42% above |
PAY has stronger trend alignment. PAY is above 5 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
PAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $30.5 | $31.6 | +3.4% |
| 2022 | $31.6 | $7.16 | -77% |
| 2023 | $7.16 | $17.9 | +150% |
| 2024 | $17.9 | $33.0 | +85% |
| 2025 | $33.0 | $31.5 | -4.6% |
| 2026 YTD | $31.5 | $33.8 | +7.2% |
PAY's yearly returns have swung widely, from +150% in 2023 to −77% in 2022. It's up 7.2% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over PAY on returns for 2026, with the stronger performance.