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US construction management software company connecting owners, general contractors and subcontractors on a single project platform.
US construction management software company connecting owners, general contractors and subcontractors on a single project platform.
Charges a subscription priced on the dollar volume of construction a customer builds each year, not on the number of users, so everyone on a project can log in at no extra cost. Add-on financial and quality modules are sold on top of the core platform.
Moat: narrow (network effects, switching costs, installed base). Multiple project stakeholders on one platform create network effects; ripping it out mid-project is highly disruptive.
Headquarters: Carpinteria, California, US · Founded: 2002 · Employees: 4,421
Size Procore Technologies (PCOR) is a United States Information Technology company (Packaged Software) with a market value of $11.4B, the 718th largest of 3,117 United States companies the cockpit tracks. Shares closed at $75.33 on 6 Nov 2026.
Performance Over six months the shares gained 41.4%, against +37.9% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 16.5% over the last twelve months (peer median +18.9%); the operating margin is -1.2% (peer median 18.9%).
Valuation It trades at 33.8× forward earnings against a peer median of 23.1× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.3 points below its cost of capital (8.6% WACC).
Backlog Backlog (remaining performance obligations) was $1.80B at 30 Sep 2026, up 29% on a year earlier — 1.2 years of trailing revenue. Backlog detail →
Short interest Short interest is 13.3% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.49B | $1.32B | $1.15B | $950M | $720M |
| Revenue growth | — | +15% | +21% | +32% | — |
| Gross profit | $1.19B | $1.04B | $931M | $760M | $556M |
| EBITDA | $103M | -$10.9M | -$50.4M | -$140M | -$208M |
| Net income | -$34.4M | -$101M | -$106M | -$190M | -$287M |
| Free cash flow | $285M | $217M | $128M | $47.0M | -$36.8M |
| Capital expenditure | $90.2M | $83.8M | $68.7M | $45.0M | $49.4M |
| Total debt | $62.1M | $79.2M | $80.0M | $93.9M | $94.3M |
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 |
|---|---|---|---|---|---|---|
| Procore Technologies PCOR | $11.4B | +41% | +16% | -1% | 33.8× | 19.9% |
| Autodesk ADSK | $54.7B | +7% | +19% | 23% | 20.1× | 18.1% |
| Oracle ORCL | $351B | -41% | +22% | 34% | 13.6× | n/a |
| Trimble TRMB | $12.6B | -11% | +7% | 18% | 13.6× | 15.3% |
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 | PCOR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +37.5% | +3.5% | 2nd highest of 21 |
| 6-month return | +41.4% | +37.9% | 11th highest of 21 |
| Distance from 52-week high | -8.5% | -14.9% | 6th highest of 21 |
| Revenue growth (TTM) | +16.5% | +18.9% | 9th lowest of 21 |
| Operating margin | -1.2% | 18.9% | 6th lowest of 21 |
| Forward P/E | 33.8× | 23.1× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | 18.2% | 9th most demanding of 20 |
| Growth delivered (Del g) | +27.0% | +23.4% | 7th highest of 20 |
| Hurdle (Req g minus delivered) | -7.1 pp | -4.7 pp | 9th least demanding of 20 |
| ROIC minus cost of capital | -11.3 pp | +8.7 pp | 6th lowest of 18 |
| Net debt / EBITDA | -5.4× | -1.2× | 3rd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Procore Technologies PCOR | United States | $11.4B | +41% | +16% | -1% | 33.8× | 19.9% | +27.0% |
| Chime Financial CHYM | United States | $11.9B | +70% | +18% | -1% | 35.2× | 18.2% | +24.8% |
| Capcom 9697.T | Japan | $11.0B | +25% | +21% | 41% | 27.0× | -2.2% | +15.4% |
| SailPoint SAIL | United States | $11.0B | +57% | +20% | -19% | 53.5× | 42.0% | +24.7% |
| JFrog FROG | United States | $12.5B | +43% | +26% | -13% | 89.6× | 37.7% | +28.7% |
| Dynatrace DT | United States | $12.5B | +7% | +18% | 14% | 22.6× | 18.8% | +23.5% |
| Paycom Software PAYC | United States | $10.5B | +73% | +9% | 30% | 15.9× | 3.3% | +19.5% |
| Trimble TRMB | United States | $12.6B | -11% | +7% | 18% | 13.6× | 15.3% | +2.6% |
| Wisetech Global WTC.AX | Australia | $10.3B | +15% | +71% | 31% | 32.6× | 30.1% | +32.3% |
| Figma FIG | United States | $10.0B | -9% | +43% | -124% | 54.8× | 22.2% | +43.4% |
| HubSpot HUBS | United States | $10.0B | +2% | +21% | 4% | 12.5× | 25.1% | +28.8% |
| Tempus AI TEM | United States | $13.9B | +53% | +37% | -18% | n/a | n/a | n/a |
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% | +9.0% |
| Full Truck Alliance Co. Ltd. Sponsored ADR YMM | United States | $9.35B | +4% | +9% | 34% | 12.8× | -10.9% | +36.0% |
| Zhejiang Century Huatong 002602.SZ | China | $14.0B | -20% | +28% | 21% | 11.1× | -0.2% | +20.4% |
| Hinge Health HNGE | United States | $9.34B | +107% | +50% | 19% | 39.6× | 34.1% | +49.9% |
| Sage SGE.L | United Kingdom | $14.1B | +33% | +9% | 23% | 23.1× | 3.1% | +5.7% |
| Elastic ESTC | United States | $9.12B | +65% | +16% | -1% | 24.4× | 13.0% | +23.4% |
| Paylocity PCTY | United States | $9.03B | +56% | +11% | 22% | 19.0× | 2.3% | +22.8% |
| DocuSign DOCU | United States | $14.5B | +62% | +9% | 12% | 15.9× | 12.9% | +17.2% |
| Manhattan Associates MANH | United States | $14.7B | +77% | +8% | 25% | 42.0× | 29.4% | +13.0% |
Procore Technologies reported $1.80B of remaining performance obligations at 30 Sep 2026, up 29% from a year earlier and up 6% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.25.