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E-commerce accelerator helping global brands sell and grow on Amazon and other online marketplaces worldwide.
E-commerce accelerator helping global brands sell and grow on Amazon and other online marketplaces worldwide.
Runs the marketplace side of a brand's sales, from listings and advertising to inventory and shipping, and is paid mainly out of the sales it generates, so results follow its brands' marketplace volume. Dependence on Amazon's rules and fees is the central risk. It listed in 2025.
Moat: narrow (scale, process know-how, data). Proprietary marketplace-optimization data and global operational scale across dozens of marketplaces.
Headquarters: Lehi, Utah, US · Founded: 2013 · Employees: 2,300
Size Pattern (PTRN) is a United States Communication Services company (Advertising/Marketing Services) with a market value of $3.24B, the 1491st largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.27 on 6 Nov 2026.
Performance Over six months the shares gained 14.8%, against -5.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 43.9% over the last twelve months (peer median +5.1%); the operating margin is 1.4% (peer median 4.3%).
Valuation It trades at 24.0× forward earnings against a peer median of 19.7× (7th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 38% a year for seven years (Req g). Recent delivered growth is +36%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.0 points below its cost of capital (11.2% WACC).
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.01B | $2.50B | $1.80B | $1.37B | $991M |
| Revenue growth | — | +39% | +31% | +38% | — |
| Gross profit | $1.30B | $1.07B | $767M | $589M | $419M |
| EBITDA | $60.7M | $42.2M | $102M | $64.9M | $13.7M |
| Net income | -$138M | -$157M | $42.5M | $19.8M | -$21.0M |
| Free cash flow | $106M | $78.9M | $49.9M | $27.0M | -$1.97M |
| Capital expenditure | $30.1M | $20.5M | $20.4M | $14.5M | $16.2M |
| Total debt | $51.3M | $30.8M | $30.1M | $19.1M | n/a |
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 | PTRN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | +4.7% | 6th lowest of 21 |
| 6-month return | +14.8% | -5.2% | 6th highest of 21 |
| Distance from 52-week high | -38.7% | -36.4% | 10th lowest of 21 |
| Revenue growth (TTM) | +43.9% | +5.1% | 5th highest of 21 |
| Operating margin | 1.4% | 4.3% | 9th lowest of 21 |
| Forward P/E | 24.0× | 19.7× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 37.8% | 11.6% | 5th most demanding of 17 |
| Growth delivered (Del g) | +36.2% | +8.2% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | +1.7 pp | -5.9 pp | 7th most demanding of 17 |
| ROIC minus cost of capital | -2.0 pp | -2.1 pp | 11th highest of 21 |
| Net debt / EBITDA | -4.8× | 0.7× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pattern PTRN | United States | $3.24B | +15% | +44% | 1% | 24.0× | 37.8% | +36.2% |
| Easy Click Worldwide Network Technology 301171.SZ | China | $3.20B | +3% | +29% | 2% | 99.2× | 57.4% | +9.1% |
| Hakuhodo Dy 2433.T | Japan | $3.05B | +34% | -6% | 5% | 20.9× | -2.8% | +3.8% |
| Stroeer SE & Co. KGaA SAX.DE | Germany | $2.41B | -1% | +3% | 11% | 13.3× | 4.5% | +7.5% |
| Havas HAVAS.AS | Netherlands | $1.99B | +10% | +1% | 9% | 8.2× | -8.4% | +1.8% |
| Guangdong Guangzhou Daily Media 002181.SZ | China | $1.96B | -32% | 0% | -6% | n/a | n/a | n/a |
| WPP WPP.L | United Kingdom | $5.93B | +58% | -6% | 9% | 7.8× | -8.1% | +2.5% |
| Guangdong Advertising 002400.SZ | China | $1.72B | -27% | +11% | 0% | n/a | n/a | n/a |
| Compagnie du Cambodge CBDG.PA | France | $6.33B | -11% | +45% | -11% | n/a | 55.9% | +269.1% |
| Dentsu 4324.T | Japan | $6.37B | +30% | +4% | 10% | 12.8× | -12.0% | +8.8% |
| JCDecaux DEC.PA | France | $6.40B | +42% | +1% | 12% | 18.6× | 6.6% | +11.8% |
| Marketingforce Management 2556.HK | Hong Kong | $1.53B | +10% | +128% | 6% | 24.2× | 16.6% | +38.8% |
| BlueFocus Intelligent Communications 300058.SZ | China | $6.98B | -24% | +6% | 0% | 123.3× | 58.3% | +11.1% |
| Hunan TV & Broadcast Intermediary 000917.SZ | China | $1.43B | -23% | -2% | 3% | n/a | 17.1% | -6.1% |
| Sharplink SBET | United States | $1.36B | -16% | +1,497% | -19% | 80.5× | n/a | n/a |
| New Guomai Digital Culture 600640.SS | China | $1.35B | -8% | -11% | -2% | n/a | 57.0% | -16.4% |
| InMyShow Digital Technology (Group) 600556.SS | China | $1.33B | -17% | +25% | -2% | 492.0× | n/a | n/a |
| Three's Company Future Technology 605168.SS | China | $1.32B | -12% | +11% | 6% | 35.4× | 33.3% | +5.5% |
| CheilWorldwide 030000.KS | South Korea | $1.26B | -2% | -4% | 7% | 10.8× | -17.6% | +10.6% |
| ANYCOLOR 5032.T | Japan | $1.23B | +16% | +10% | 35% | 12.2× | -8.9% | +48.8% |
| Sunwave Communications 002115.SZ | China | $1.21B | -35% | +102% | 1% | n/a | 26.1% | +6.5% |