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Side-by-side financial comparison of MARKETWISE, INC. (MKTW) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.

PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $83.4M, roughly 1.5× MARKETWISE, INC.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 2.3%, a 127.4% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -14.4%). MARKETWISE, INC. produced more free cash flow last quarter ($45.6M vs $24.1M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs -12.5%).

MarketWise Inc. is a leading provider of investment research, financial market data, and wealth management education solutions. It serves both retail and institutional investors across North America, Europe, and the Asia-Pacific region, offering actionable market insights, portfolio analysis tools, and specialized multi-asset research.

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

MKTW vs PD — Head-to-Head

Bigger by revenue
PD
PD
1.5× larger
PD
$124.5M
$83.4M
MKTW
Growing faster (revenue YoY)
PD
PD
+19.2% gap
PD
4.7%
-14.4%
MKTW
Higher net margin
PD
PD
127.4% more per $
PD
129.7%
2.3%
MKTW
More free cash flow
MKTW
MKTW
$21.5M more FCF
MKTW
$45.6M
$24.1M
PD
Faster 2-yr revenue CAGR
PD
PD
Annualised
PD
5.9%
-12.5%
MKTW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MKTW
MKTW
PD
PD
Revenue
$83.4M
$124.5M
Net Profit
$1.9M
$161.6M
Gross Margin
87.0%
85.3%
Operating Margin
15.8%
6.5%
Net Margin
2.3%
129.7%
Revenue YoY
-14.4%
4.7%
Net Profit YoY
-9.8%
2827.7%
EPS (diluted)
$0.79
$1.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MKTW
MKTW
PD
PD
Q4 25
$83.4M
$124.5M
Q3 25
$81.3M
$123.4M
Q2 25
$80.0M
$119.8M
Q1 25
$83.5M
$121.4M
Q4 24
$97.5M
$118.9M
Q3 24
$97.2M
$115.9M
Q2 24
$105.0M
$111.2M
Q1 24
$109.0M
$111.1M
Net Profit
MKTW
MKTW
PD
PD
Q4 25
$1.9M
$161.6M
Q3 25
$1.5M
$9.6M
Q2 25
$1.3M
$-7.2M
Q1 25
$890.0K
$-8.8M
Q4 24
$2.1M
$-5.9M
Q3 24
$1.7M
$-10.9M
Q2 24
$1.5M
$-17.1M
Q1 24
$1.7M
$-28.2M
Gross Margin
MKTW
MKTW
PD
PD
Q4 25
87.0%
85.3%
Q3 25
87.0%
84.6%
Q2 25
86.3%
84.0%
Q1 25
85.7%
83.6%
Q4 24
88.7%
83.0%
Q3 24
86.7%
82.7%
Q2 24
87.3%
82.6%
Q1 24
87.7%
81.7%
Operating Margin
MKTW
MKTW
PD
PD
Q4 25
15.8%
6.5%
Q3 25
21.9%
2.9%
Q2 25
18.5%
-8.6%
Q1 25
20.1%
-9.6%
Q4 24
24.8%
-8.7%
Q3 24
22.5%
-13.8%
Q2 24
20.3%
-19.5%
Q1 24
19.8%
-30.1%
Net Margin
MKTW
MKTW
PD
PD
Q4 25
2.3%
129.7%
Q3 25
1.9%
7.8%
Q2 25
1.6%
-6.0%
Q1 25
1.1%
-7.2%
Q4 24
2.2%
-5.0%
Q3 24
1.8%
-9.4%
Q2 24
1.5%
-15.4%
Q1 24
1.5%
-25.3%
EPS (diluted)
MKTW
MKTW
PD
PD
Q4 25
$0.79
$1.69
Q3 25
$0.58
$0.10
Q2 25
$0.53
$-0.07
Q1 25
$0.41
$-0.12
Q4 24
$1.06
$-0.07
Q3 24
$0.87
$-0.14
Q2 24
$0.80
$-0.26
Q1 24
$0.85
$-0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MKTW
MKTW
PD
PD
Cash + ST InvestmentsLiquidity on hand
$70.1M
$547.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-11.7M
$320.5M
Total Assets
$218.4M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKTW
MKTW
PD
PD
Q4 25
$70.1M
$547.8M
Q3 25
$50.5M
$567.9M
Q2 25
$69.1M
$597.1M
Q1 25
$79.2M
$570.8M
Q4 24
$97.9M
$542.2M
Q3 24
$94.1M
$599.3M
Q2 24
$109.3M
$592.8M
Q1 24
$131.2M
$571.2M
Total Debt
MKTW
MKTW
PD
PD
Q4 25
Q3 25
Q2 25
Q1 25
$484.5M
Q4 24
Q3 24
Q2 24
Q1 24
$707.0K
$489.5M
Stockholders' Equity
MKTW
MKTW
PD
PD
Q4 25
$-11.7M
$320.5M
Q3 25
$-14.5M
$180.7M
Q2 25
$-15.8M
$145.7M
Q1 25
$-15.8M
$129.8M
Q4 24
$-12.5M
$111.6M
Q3 24
$-19.5M
$164.7M
Q2 24
$-23.7M
$174.0M
Q1 24
$-9.4M
$171.6M
Total Assets
MKTW
MKTW
PD
PD
Q4 25
$218.4M
$1.0B
Q3 25
$201.7M
$891.5M
Q2 25
$211.8M
$926.8M
Q1 25
$239.6M
$927.3M
Q4 24
$259.5M
$866.8M
Q3 24
$278.4M
$916.0M
Q2 24
$315.3M
$924.0M
Q1 24
$359.3M
$925.3M
Debt / Equity
MKTW
MKTW
PD
PD
Q4 25
Q3 25
Q2 25
Q1 25
3.73×
Q4 24
Q3 24
Q2 24
Q1 24
2.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MKTW
MKTW
PD
PD
Operating Cash FlowLast quarter
$46.0M
$24.8M
Free Cash FlowOCF − Capex
$45.6M
$24.1M
FCF MarginFCF / Revenue
54.6%
19.3%
Capex IntensityCapex / Revenue
0.5%
0.6%
Cash ConversionOCF / Net Profit
23.84×
0.15×
TTM Free Cash FlowTrailing 4 quarters
$67.1M
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKTW
MKTW
PD
PD
Q4 25
$46.0M
$24.8M
Q3 25
$2.2M
$34.0M
Q2 25
$17.8M
$30.7M
Q1 25
$1.7M
$31.4M
Q4 24
$-22.1M
$22.1M
Q3 24
$-5.8M
$35.8M
Q2 24
$-3.8M
$28.6M
Q1 24
$-18.5M
$22.2M
Free Cash Flow
MKTW
MKTW
PD
PD
Q4 25
$45.6M
$24.1M
Q3 25
$2.2M
$33.1M
Q2 25
$17.7M
$30.2M
Q1 25
$1.7M
$30.3M
Q4 24
$-22.3M
$21.5M
Q3 24
$-5.9M
$35.1M
Q2 24
$-3.8M
$28.2M
Q1 24
$21.2M
FCF Margin
MKTW
MKTW
PD
PD
Q4 25
54.6%
19.3%
Q3 25
2.7%
26.8%
Q2 25
22.2%
25.2%
Q1 25
2.0%
24.9%
Q4 24
-22.9%
18.1%
Q3 24
-6.0%
30.3%
Q2 24
-3.6%
25.4%
Q1 24
19.1%
Capex Intensity
MKTW
MKTW
PD
PD
Q4 25
0.5%
0.6%
Q3 25
0.0%
0.7%
Q2 25
0.1%
0.4%
Q1 25
0.1%
0.9%
Q4 24
0.1%
0.5%
Q3 24
0.0%
0.5%
Q2 24
0.0%
0.4%
Q1 24
0.0%
0.9%
Cash Conversion
MKTW
MKTW
PD
PD
Q4 25
23.84×
0.15×
Q3 25
1.44×
3.55×
Q2 25
13.76×
Q1 25
1.95×
Q4 24
-10.36×
Q3 24
-3.39×
Q2 24
-2.46×
Q1 24
-11.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MKTW
MKTW

Segment breakdown not available.

PD
PD

US$88.8M71%
Non Us$35.7M29%

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