Infrastructure software stocks with the highest profit margins

Ranked

137

of 206 infrastructure software stocks we cover

Median

2.1%

Highest

52.8%

NTNX

Range

−91.8% to 52.8%

#	Company	Net margin	Operating margin	Revenue growth (TTM)	Market cap
1	NTNXNutanix	52.8%	9.6%	+12.4%	$19.1B
2	VRSNVeriSign	49.8%	67.9%	+6.9%	$27.1B
3	PLTRPalantir Technologies	49.0%	42.8%	+78.9%	$472.8B
4	PTCPTC	41.4%	37.8%	+19.5%	$21B
5	MSFTMicrosoft	40.3%	46.8%	+17.8%	$3.9T
6	XZOExzeo	39.1%	48.5%	+21.8%	$1.5B
7	PDPagerDuty	37.2%	6.5%	+2.3%	$1.4B
8	DUOLDuolingo	35.9%	13.7%	+29.4%	$6.7B
9	QLYSQualys	29.4%	34.4%	+10.4%	$7.5B
10	FTNTFortinet	28.2%	32.4%	+18.8%	$132.1B
11	OSPNOneSpan	27.8%	18.0%	+2.4%	$744M
12	TDCTeradata	27.1%	7.5%	+1.0%	$3.2B
13	CCSIConsensus Cloud Solutions	26.7%	41.8%	+1.5%	$686.6M
14	ORCLOracle	26.4%	32.1%	+21.6%	$381.5B
15	PAYCPaycom Software	22.8%	30.3%	+9.2%	$12.4B
16	CPAYCorpay	22.7%	43.7%	+20.4%	$26.8B
17	FFIVF5	22.0%	24.5%	+9.4%	$25.8B
18	PATHUiPath	21.0%	8.9%	+15.0%	$7.4B
19	GENGen Digital	20.7%	41.7%	+20.2%	$14.9B
20	TWLOTwilio	20.6%	5.2%	+17.8%	$40.2B
21	FRSHFreshworks	20.5%	3.3%	+15.6%	$4B
22	MANHManhattan Associates	18.7%	24.3%	+6.5%	$13.9B
23	BSYBentley Systems	18.1%	23.6%	+12.8%	$12B
24	GDDYGoDaddy	17.8%	24.8%	+7.4%	$14.3B
25	DBXDropbox	17.5%	26.6%	−0.0%	$8.5B
26	RDVTRed Violet	16.5%	17.9%	+20.2%	$1.3B
27	AVPTAvePoint	15.3%	9.8%	+25.0%	$3.5B
28	PCTYPaylocity	15.2%	21.8%	+11.0%	$9.4B
29	APPFAppfolio	15.1%	17.5%	+20.7%	$7.5B
30	YOUClear Secure	14.8%	25.1%	+19.8%	$6.1B
31	NTCTNetscout Systems	13.7%	14.8%	+5.8%	$2.9B
32	TYLTyler Technologies	13.4%	15.1%	+8.2%	$16B
33	BLKBBlackbaud	13.1%	19.8%	+0.7%	$2.5B
34	BBBLACKBERRY	13.1%	13.6%	+14.4%	$5.2B
35	AGYSAgilysys	13.0%	14.6%	+14.4%	$3.4B
36	ACIWACI Worldwide	12.4%	18.6%	+7.0%	$5.6B
37	OTEXOpen Text	12.3%	20.6%	+1.5%	$6.8B
38	SNPSSynopsys	11.4%	8.5%	+46.3%	$82.4B
39	WAYWaystar	11.2%	22.9%	+19.2%	$5.5B
40	ALRMAlarm.com	11.1%	12.8%	+8.7%	$3.1B
41	QTWOQ2	10.9%	10.0%	+13.9%	$4.3B
42	BOXBox	10.6%	9.4%	+9.6%	$5.9B
43	SPSCSPS Commerce	10.1%	12.8%	+9.8%	$3.3B
44	DOCUDocusign	9.8%	12.0%	+8.6%	$15.9B
45	EGANEGAIN	9.7%	8.7%	+3.1%	$148.7M
46	OKTAOkta	9.6%	7.5%	+11.2%	$37.2B
47	AKAMAkamai Technologies	9.5%	10.5%	+5.9%	$13.4B
48	GWREGuidewire Software	9.4%	10.2%	+22.7%	$15.5B
49	LDOSLeidos	7.8%	11.5%	+3.4%	$17.1B
50	DTDynatrace	7.2%	12.1%	+17.9%	$18.5B
51	TOSTToast	7.1%	6.3%	+23.0%	$18.9B
52	CCLDCareCloud	6.2%	7.1%	+15.1%	$75.2M
53	EVCMEverCommerce	5.7%	9.9%	+4.2%	$1.6B
54	CVLTCommvault Systems	5.6%	6.1%	+15.5%	$7B
55	CACICaci International	5.6%	9.6%	+10.9%	$14B
56	NCNOnCino	5.4%	7.9%	+8.6%	$2.4B
57	SAICScience Applications International	5.1%	8.0%	−0.8%	$6.1B
58	IOTSamsara	4.9%	1.0%	+29.5%	$26.3B
59	WKWorkiva	4.9%	3.3%	+19.7%	$4.7B
60	BLBlackline	4.7%	4.3%	+8.6%	$2B
61	PDFSPDF Solutions	4.3%	8.2%	+23.0%	$1.7B
62	NTWKNetsol Technologies	4.0%	9.3%	+12.5%	$93.9M
63	IIIVi3 Verticals	3.9%	2.7%	−0.4%	$457.2M
64	CCCCCC Intelligent Solutions	3.8%	15.9%	+11.6%	$4.5B
65	PANWPalo Alto Networks	2.7%	6.1%	+24.5%	$311.3B
66	CXMSprinklr	2.7%	5.3%	+6.3%	$1.6B
67	PSNParsons	2.5%	4.9%	−5.8%	$5.2B
68	RPDRapid7	2.4%	1.2%	+0.1%	$1B
69	MDBMongoDB	2.1%	−0.5%	+25.5%	$29.9B
70	RBBNRibbon Communications	2.0%	−4.0%	−7.6%	$250.4M
71	MQMarqeta	1.5%	−1.9%	+22.4%	$2B
72	XYZBlock	1.4%	4.7%	+5.1%	$45.9B
73	CRWDCrowdStrike	0.8%	n/m	+24.3%	$263.7B
74	MKTWMarketwise	0.7%	8.1%	−11.3%	$297M
75	GDYNGrid Dynamics	0.7%	−0.5%	+8.6%	$701.7M
76	TENBTenable	0.6%	3.6%	+9.9%	$4.9B
77	KDKyndryl	0.6%	2.4%	−0.6%	$3.2B
78	KVYOKlaviyo	0.5%	−1.9%	+28.9%	$6B
79	VERXVertex	0.5%	−1.7%	+10.8%	$2.5B
80	BANDBandwidth	0.3%	−1.8%	+9.3%	$1.4B
81	ZETAZeta Global	−0.1%	1.6%	+35.9%	$8.5B
82	BILLBill.com	−0.7%	−4.4%	+13.0%	$4.3B
83	WYYWidepoint	−0.8%	−0.8%	+9.7%	$68.1M
84	CSPICSP	−1.2%	−5.3%	−0.7%	$73.8M
85	NABLN-able	−1.3%	9.5%	+10.1%	$967.2M
86	APPNAppian	−1.3%	1.3%	+20.9%	$3.7B
87	CMRCCommerce.com	−1.7%	0.4%	+2.8%	$295M
88	ZSZscaler	−1.9%	−4.0%	+25.4%	$41.6B
89	PCORProcore Technologies	−2.7%	−4.9%	+15.4%	$9.6B
90	INSEInspired Entertainment	−3.3%	14.3%	−6.5%	$83.6M
91	CRNCCerence	−5.0%	8.7%	+25.8%	$377.2M
92	GTLBGitLab	−5.0%	−8.5%	+23.0%	$9.4B
93	ASURAsure Software	−5.4%	−1.2%	+24.3%	$212.6M
94	SPTSprout Social	−6.1%	−5.9%	+11.8%	$779.2M
95	KLTRKaltura	−6.9%	−1.5%	−0.2%	$219.7M
96	XPERXperi	−7.1%	−2.4%	−3.9%	$252.6M
97	INTAIntapp	−7.1%	−6.9%	+14.6%	$3.7B
98	FROGJFrog	−7.3%	−11.5%	+26.4%	$12.4B
99	WEAVWeave Communications	−8.0%	−8.3%	+16.7%	$592M
100	TLSTelos	−8.1%	−9.9%	+65.9%	$364M

The first 100 of 137.

Not ranked: 25 with a margin moved by items that are not sales, 13 with under $50M of revenue, 5 with not a meaningful number, 2 with a quarter missing. 23 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.