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French enterprise software group formed from Axway and SBS, selling API/integration software and cloud banking platforms to enterprises and banks.
French enterprise software group formed from Axway and SBS, selling API/integration software and cloud banking platforms to enterprises and banks.
Sells software mostly as subscriptions and maintenance that renew each year, with project services around banking installations, so renewals matter more than new licence sales. Banking and integration systems sit at the centre of customers' operations, which makes replacing them a long project.
In one line: A French MuleSoft combined with a core-banking software vendor like Temenos.
Moat: narrow (switching costs, installed base, customer qualification). Deeply embedded integration and core-banking systems are costly to replace, but competes with larger platform vendors.
Headquarters: Puteaux, France · Founded: 2001 · Employees: 4,571
Size 74Software (74SW.PA) is a France Information Technology company (Packaged Software) with a market value of $1.11B, the 133rd largest of 206 France companies the cockpit tracks. Shares closed at €34.10 on 6 Nov 2026.
Performance Over six months the shares fell 5.3%, against -10.7% for the median peer and -0.4% for the France market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +7.6%); the operating margin is 14.0% (peer median 1.5%).
Valuation It trades at 13.3× forward earnings against a peer median of 25.8× (4th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (6.5% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €730M | €707M | €462M | €319M | €314M |
| Revenue growth | — | +53% | +45% | +2% | — |
| Gross profit | €177M | €153M | €118M | €87.6M | €68.5M |
| EBITDA | €135M | €118M | €93.2M | €67.6M | €52.9M |
| Net income | €62.3M | €40.8M | €40.6M | €35.8M | -€40.0M |
| Free cash flow | €38.6M | €70.1M | €10.3M | €26.0M | €9.40M |
| Capital expenditure | €25.0M | €26.8M | €11.9M | €2.43M | €2.32M |
| Total debt | n/a | €300M | €346M | €116M | €117M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| 74Software 74SW.PA | $1.11B | -5% | +11% | 14% | 13.3× | -1.7% |
| Salesforce CRM | $176B | +18% | +11% | 22% | 14.6× | 13.7% |
| Temenos TEMN.SW | $6.51B | +10% | +30% | 27% | 21.8× | 8.3% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 74SW.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.8% | -6.9% | 11th highest of 21 |
| 6-month return | -5.3% | -10.7% | 9th highest of 20 |
| Distance from 52-week high | -18.8% | -42.0% | 6th highest of 21 |
| Revenue growth (TTM) | +11.1% | +7.6% | 10th highest of 21 |
| Operating margin | 14.0% | 1.5% | 7th highest of 21 |
| Forward P/E | 13.3× | 25.8× | 4th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -1.7% | 6.4% | 3rd least demanding of 10 |
| Growth delivered (Del g) | +18.9% | +21.1% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | -20.6 pp | -2.7 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +2.9 pp | -6.0 pp | 5th highest of 20 |
| EV / EBITDA | 9.1× | 13.7× | 3rd cheapest of 7 |
| Net debt / EBITDA | 1.7× | 1.2× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 74Software 74SW.PA | France | $1.11B | -5% | +11% | 14% | 13.3× | -1.7% | +18.9% |
| Red Violet RDVT | United States | $1.12B | +41% | +20% | 18% | 40.3× | 39.4% | +21.1% |
| Shenzhen Sunline Tech 300348.SZ | China | $1.10B | -22% | +19% | -1% | 84.3× | n/a | n/a |
| Riskified RSKD | United States | $1.13B | +78% | +10% | -4% | 27.3× | 12.6% | +15.3% |
| Hangzhou Diagens Biotechnology 2526.HK | Hong Kong | $1.13B | -68% | +134% | -49% | n/a | n/a | n/a |
| Shanghai Yaoji Technology 002605.SZ | China | $1.14B | -11% | -3% | 20% | 15.0× | 6.4% | +1.0% |
| Tansun Technology 300872.SZ | China | $1.08B | -11% | -10% | -12% | 70.3× | n/a | n/a |
| Bingo Software 688227.SS | China | $1.08B | -56% | -7% | -11% | n/a | n/a | n/a |
| Blackbuck BLACKBUCK.NS | India | $1.08B | -1% | +50% | 14% | 52.8× | 34.8% | +54.8% |
| BigBear.ai BBAI | United States | $1.07B | -47% | -1% | -66% | n/a | n/a | n/a |
| Bravura Solutions BVS.AX | Australia | $1.06B | +50% | -10% | 25% | 24.3× | 4.1% | +3.1% |
| Merit Interactive 300766.SZ | China | $1.17B | -30% | +30% | -2% | n/a | n/a | n/a |
| PATEO CONNECT Technology (Shanghai) 2889.HK | Hong Kong | $1.05B | -65% | +72% | -24% | n/a | n/a | n/a |
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% | +3.1% |
| Sichuan Xun You Network Technology 300467.SZ | China | $1.05B | -22% | +2% | 1% | n/a | n/a | n/a |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | n/a | n/a | n/a |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | n/a | n/a | n/a |
| Suzhou MedicalSystem Technology 603990.SS | China | $1.04B | +44% | -15% | 5% | 95.1× | n/a | n/a |
| ZoomInfo Technologies GTM | United States | $1.02B | -45% | +3% | 23% | 3.1× | -9.7% | +21.3% |
| Modern Times Group MTG MTG-A.ST | Sweden | $1.22B | +16% | +42% | 11% | 6.6× | -8.4% | +23.7% |
| Vitec Software VIT-B.ST | Sweden | $1.22B | +18% | +6% | 21% | 24.0× | 3.8% | +22.6% |