SNDK
Sandisk Corporation
SNDK has the edge over VERX overall, supported by stronger fundamentals and stronger modeled upside.
VERX
Vertex, Inc.
VERX has lower modeled downside risk, despite its lower overall score.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
VERX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Stable |
VERX's revenue and cash flow are currently healthy, and its balance sheet is stable, but its profitability is under pressure.
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's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
VERX PE Valuation
VERX has no meaningful PE right now: it lost money over the past year.
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.
VERX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for VERX, with profitability improving.
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 VERX in the latest year-over-year earnings comparison.
VERX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.99 | — |
| Q3 2026 | -$0.28 | +$0.06 |
| Q2 2026 | $0.03 | +$0.35 |
| Q1 2026 | -$0.04 | +$0.24 |
| Q4 2025 | $0.05 | +$0.38 |
| Q3 2025 | -$0.34 | -270% |
| Q2 2025 | -$0.32 | -346% |
| Q1 2025 | -$0.28 | -660% |
| Q4 2024 | -$0.33 | -$0.24 |
VERX is still losing money, but far less than before: $0.28 per share over the past year, against $0.57 at its worst in late 2020.
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 VERX on profitability, with a higher operating margin.
VERX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $213.3M | +11% |
| Q2 2026 | $204M | +11% |
| Q1 2026 | $196.6M | +11% |
| Q4 2025 | $194.7M | +9.1% |
| Q3 2025 | $192.1M | +13% |
| Q2 2025 | $184.6M | +15% |
| Q1 2025 | $177.1M | +13% |
| Q4 2024 | $178.5M | +15% |
VERX's revenue has grown year over year every quarter since late 2020: $213M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.1% | -2.1 points |
| Q2 2026 | -2.2% | -0.1 points |
| Q1 2026 | -1.5% | -4 points |
| Q4 2025 | 0.8% | +8.2 points |
| Q3 2025 | 2.3% | -0.6 points |
| Q2 2025 | -2.1% | -6.8 points |
| Q1 2025 | 2.5% | +3.5 points |
| Q4 2024 | -7.3% | -5.7 points |
VERX's operating margin was 0.1% last quarter, down 2.1 points from the same quarter a year ago.
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 has the edge over VERX on cash flow, with more consistent year-over-year improvement.
VERX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $53.2M | +76% |
| Q2 2026 | $10.6M | -46% |
| Q1 2026 | $7.7M | +$19.9M |
| Q4 2025 | $10.1M | -44% |
| Q3 2025 | $30.2M | +64% |
| Q2 2025 | $19.6M | -47% |
| Q1 2025 | -$12.3M | -372% |
| Q4 2024 | $17.9M | -38% |
VERX generated $82M in free cash flow over the past year, up 47% from the year before.
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 | — |
VERX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +876K shares |
| 1 year | +0.1% | +96.8K shares |
| 3 years | +6.7% | +10.2M shares |
| 5 years | +9.5% | +14.1M shares |
| Available history | +25% | +32.6M shares |
VERX has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $27.1M |
| Q2 2026 | $26.6M |
| Q1 2026 | $20M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
VERX spent $74M buying back its own shares over the past year, after none the year before.
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 the edge over VERX on leverage, with a lower net debt burden relative to earnings.
VERX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.5x | Very low |
VERX's net debt is about 2.3 years of its operating earnings (EBITDA), up from less than a year a year ago.
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).
VERX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.5 | Neutral |
| Stochastic | 89.0 | Overbought |
VERX's weekly RSI is 66 (neutral) and its Stochastic is 89 (overbought).
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 VERX on valuation relative to its sector.
VERX PE vs Technology Sector
| Metric | VERX | Sector median | Relative |
|---|---|---|---|
| PE | 501x | 28x | 1,697% above |
| PE % | 74 | 37 | 37 pts above |
VERX has no meaningful PE right now: it lost money over the past year.
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 |
VERX has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus VERX above 3 of 5.
VERX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.4 | 23% above |
| 20 week MA | $13.4 | 32% above |
| 50 week MA | $14.3 | 24% above |
| 100 week MA | $24.8 | 28% below |
| 200 week MA | $26.6 | 33% below |
VERX has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 33% below its 200-week average.
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 VERX on returns for 2026, with the stronger performance.
VERX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.6 | $34.1 | +45% |
| 2021 | $34.1 | $17.1 | -50% |
| 2022 | $17.1 | $14.8 | -13% |
| 2023 | $14.8 | $26.9 | +82% |
| 2024 | $26.9 | $52.7 | +96% |
| 2025 | $52.7 | $20.3 | -61% |
| 2026 YTD | $20.3 | $17.8 | -13% |
VERX has finished lower in three of the last six years. It's down 13% so far in 2026.