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Employees: 966
Size Docebo (DCBO.TO) is a Canada Information Technology company (Packaged Software) with a market value of $732M, the 292nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$41.13 on 6 Nov 2026.
Performance Over six months the shares gained 43.9%, against -7.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +9.6%); the operating margin is 8.7% (peer median 6.4%).
Valuation It trades at 17.4× forward earnings against a peer median of 19.5× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 26.4 points above its cost of capital (7.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$358M | C$339M | C$297M | C$244M | C$186M |
| Revenue growth | — | +14% | +22% | +31% | — |
| Gross profit | C$276M | C$268M | C$236M | C$193M | C$146M |
| EBITDA | C$38.8M | C$38.7M | C$30.5M | C$5.16M | -C$5.98M |
| Net income | C$46.8M | C$52.4M | C$36.6M | C$3.83M | C$9.14M |
| Free cash flow | C$46.8M | C$40.0M | C$41.7M | C$31.4M | C$4.32M |
| Capital expenditure | C$932,171 | C$1.37M | C$1.71M | C$857,051 | C$1.41M |
| Total debt | C$133M | C$3.51M | C$2.15M | C$2.78M | C$4.15M |
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.
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 | DCBO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +21.0% | +2.0% | 2nd highest of 21 |
| 6-month return | +43.9% | -7.8% | 4th highest of 21 |
| Distance from 52-week high | -8.4% | -35.2% | highest of 21 |
| Revenue growth (TTM) | +11.2% | +9.6% | 9th highest of 21 |
| Operating margin | 8.7% | 6.4% | 9th highest of 21 |
| Forward P/E | 17.4× | 19.5× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 14.1% | 10.2% | 6th most demanding of 16 |
| Growth delivered (Del g) | +32.1% | +11.1% | 2nd highest of 16 |
| Hurdle (Req g minus delivered) | -17.9 pp | -4.0 pp | 4th least demanding of 16 |
| ROIC minus cost of capital | +26.4 pp | -3.7 pp | highest of 18 |
| EV / EBITDA | 28.2× | 10.7× | most expensive of 11 |
| Net debt / EBITDA | 1.8× | -0.2× | 3rd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Docebo DCBO.TO | Canada | $732M | +44% | +11% | 9% | 17.4× | 14.1% | +32.1% |
| New Trend International Logis-Tech 300532.SZ | China | $728M | -7% | +56% | 7% | n/a | n/a | n/a |
| Asseco Business Solutions ABS.WA | Poland | $728M | -6% | +15% | 33% | 17.5× | 3.8% | +11.1% |
| IRESS IRE.AX | Australia | $739M | -4% | -14% | 17% | 12.8× | 10.2% | +0.5% |
| CaoCao 2643.HK | Hong Kong | $725M | -59% | +38% | -3% | n/a | n/a | n/a |
| Similarweb SMWB | United States | $724M | +141% | +10% | -2% | 29.0× | 28.2% | +24.8% |
| Pexip PEXIP.OL | Norway | $722M | -18% | +9% | 26% | 21.4× | -0.3% | +12.6% |
| Shenzhen Tianyuan DIC Information Technology 300047.SZ | China | $743M | -32% | +14% | 1% | n/a | n/a | n/a |
| Beijing Supermap Software 300036.SZ | China | $744M | -33% | -24% | -21% | n/a | 30.5% | -1.2% |
| Sichuan Jiuyuan Yinhai Software 002777.SZ | China | $746M | -22% | -13% | 4% | 46.9× | 31.2% | +1.3% |
| SGSG Science & Technology Co., Ltd. Zhuhai 300561.SZ | China | $749M | -14% | +13% | -40% | n/a | n/a | n/a |
| Truecaller TRUE-B.ST | Sweden | $750M | +69% | -16% | 19% | 24.7× | 11.3% | +31.2% |
| Lectra LSS.PA | France | $754M | +10% | -6% | 6% | 21.7× | 12.6% | +16.5% |
| Linewell Software 603636.SS | China | $755M | -2% | -42% | -111% | 22.4× | 16.4% | -11.5% |
| WingArc1st 4432.T | Japan | $755M | +29% | +15% | 30% | 15.4× | -7.6% | +11.1% |
| Shenzhen Bingchuan Network 300533.SZ | China | $763M | -18% | -5% | -10% | n/a | 4.7% | +46.0% |
| Intellect Design Arena INTELLECT.NS | India | $766M | -34% | +17% | 12% | 17.0× | 28.1% | +15.2% |
| AhnLab 053800.KS | South Korea | $696M | +57% | +10% | 13% | n/a | 4.5% | +8.5% |
| Enghouse Systems ENGH.TO | Canada | $695M | +1% | -5% | 19% | 13.8× | -14.5% | -0.2% |
| LINK Mobility LINK.OL | Norway | $771M | -9% | +16% | 6% | 16.1× | 5.7% | +14.9% |
| UBISOFT Entertainment UBI.PA | France | $692M | -15% | -27% | -87% | n/a | n/a | n/a |