DUOL vs VSA vs DCBO Stock Comparison

Duolingo, VisionSys AI and Docebo Prices as of Nov 3, 2026 Peers: Industry group
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DUOL Duolingo, Inc.
$128.00 -11.3% 1M -51.7% 1Y
Market cap
$7.61B
P/E
18.5x
Revenue (TTM)
$1.15B
Div. yield
–
Education Technology Technology
5 wins
VSA VisionSys AI Inc
$1.67 -24.4% 1M -99.9% 1Y
Market cap
$127.10M
P/E
0.0x
Revenue (TTM)
—
Div. yield
–
Education Technology Technology
1 win
DCBO Docebo Inc.
$29.95 +28.4% 1M +16.9% 1Y
Market cap
$885.95M
P/E
44.3x
Revenue (TTM)
$258.93M
Div. yield
–
Education Technology Technology
3 wins

Head to Head

9 decided of 12

Duolingo leads on 5 of the 12 questions below (Duolingo 5, Docebo 3, VisionSys AI 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDUOLVSADCBOLeader
Larger companyMarket capitalisation $7.61B $127.10M $885.95M DUOL
Cheaper on earningsLower P/E, profitable companies only 18.5x 0.0x 44.3x VSA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 49.0x — 19.1x DCBO
Faster revenue growthRevenue growth, trailing twelve months +29.4% — +12.3% DUOL
More profitableNet margin, trailing twelve months 35.9% — 7.7% DUOL
Better return on capitalReturn on invested capital — — 21.9% –
Less leveragedLower net debt / EBITDA — — 1.8x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -51.7% -99.9% +16.9% DCBO
Better 5-year returnAnnualised price return, 5 years -4.2%/yr -75.9%/yr -16.3%/yr DUOL
Less volatileAnnualised volatility, 1 year 65.2% 257.3% 57.3% DCBO
Higher overall scoreMean of the five percentile scores vs peers 70/100 — 55/100 DUOL

Percentile Scorecard

DUOLVSADCBO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDUOLVSADCBO
Valuation 50 #45 of 89 0 #89 of 89 57 #39 of 89
Growth 100 #1 of 82 – 82 #16 of 82
Profitability 77 #19 of 78 – 79 #17 of 78
Financial Health 81 #19 of 95 99 #2 of 95 23 #73 of 95
Shareholder Returns 44 #30 of 53 – 33 #36 of 53
Overall 70 – 55
  • DUOL ranked among 98 companies in Vertical Software
  • VSA ranked among 98 companies in Vertical Software
  • DCBO ranked among 98 companies in Vertical Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDUOLVSADCBOSPY
1 month -11.3%-24.4%+28.4% -2.0%
3 months -7.1%-44.7%+45.2% -2.2%
6 months +23.0%-74.8%+47.3% +4.2%
Year to date -27.1%-93.1%+34.9% +10.6%
1 year -51.7%-99.9%+16.9% +10.4%
3 years -19.7%-99.8%-31.2% +73.6%
3 years, per year -7.0%-87.8%-11.7% +20.2%
5 years -19.3%-99.9%-58.9% +61.6%
5 years, per year -4.2%-75.9%-16.3% +10.1%
10 years —-100.0%— +261.3%
10 years, per year —-63.3%— +13.7%

Risk

MeasureDUOLVSADCBOSPY
Volatility, 1Y 65.2%257.3%57.3% 12.8%
Downside volatility, 1Y 73.5%264.5%59.1% 12.8%
Beta vs S&P 500, 1Y 0.66-0.630.74 1.00
Return / volatility, 1Y -0.79-0.390.29 0.81
Max drawdown, 5Y -83.3%-100.0%-80.9% -25.4%
From 52-week high -51.7%-99.9%-3.1% -3.2%
52-week high $264.93$1,275.00$30.91 $779.14
52-week low $90.03$1.62$14.70 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDUOLVSADCBO
P/E now vs peer median 14.6xmedian 39.6x 0.0xmedian 39.6x 43.0xmedian 39.6x
P/S now vs peer median 10.5xmedian 2.5x 853.0xmedian 2.5x 3.3xmedian 2.5x
EV/EBITDA now vs peer median 61.6xmedian 19.2x —median 19.2x 37.0xmedian 19.2x
P/FCF now vs peer median 29.3xmedian 20.1x -3.4xmedian 20.1x 24.0xmedian 20.1x
P/B now vs peer median 8.5xmedian 1.8x 8.7xmedian 1.8x -2,814xmedian 1.8x
PEG now vs peer median 0.10median 1.53 —median 1.53 4.66median 1.53

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDUOLVSADCBO
Revenue $1.15B – $258.93M
Gross profit $832.62M – $205.59M
Operating income $157.09M – $18.48M
Net income $410.77M – $33.60M
Free cash flow $407.93M – $35.83M
R&D $337.43M – $52.47M
EPS (diluted) $8.21 – $0.68
Cash & equivalents $1.18B $7.86M $45.72M
Total debt – – $90.00M
Shares (diluted) 50.03M 3.88M 29.37M
Enterprise value $2.78B $86.11M $636.88M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDUOLVSADCBO
P/E 14.6x 0.0x 43.0x
P/FCF 29.3x -3.4x 24.0x
P/Operating cash flow 27.8x – 24.1x
P/S 10.5x 853.0x 3.3x
P/B 8.5x 8.7x -2,814x
P/Tangible book 8.7x 17.3x -35.9x
EV/EBITDA 61.6x – 37.0x
EV/EBIT 67.8x – 49.0x
EV/Revenue 9.3x – 3.5x
EV/FCF 26.1x – 25.3x
EV/Operating cash flow 24.8x – 25.3x
PEG (3Y EPS CAGR) 0.10 – 4.66

Growth

14 metrics
MetricDUOLVSADCBO
Revenue growth (1Y) 29.4% – 12.3%
Revenue CAGR (3Y) 37.3% – 17.2%
Gross profit growth (1Y) 30.6% – 10.3%
Gross profit CAGR (3Y) 37.1% – 16.5%
Operating income growth (1Y) 86.1% – 0.5%
Operating income CAGR (3Y) 71.4% – 160.1%
Net income growth (1Y) 250.5% – 56.9%
Net income CAGR (3Y) 147.5% – 65.3%
EPS growth (1Y) 243.3% – 16.2%
EPS CAGR (3Y) 142.8% – 9.2%
Operating cash flow growth (1Y) 28.2% – 26.4%
Operating cash flow CAGR (3Y) 70.3% – 77.0%
Free cash flow growth (1Y) 24.3% – 28.7%
Free cash flow CAGR (3Y) 69.8% – 85.6%

Profitability

14 metrics
MetricDUOLVSADCBO
Gross margin 72.7% – 79.4%
EBITDA margin 15.1% – 9.5%
Operating margin 13.7% – 7.1%
Pretax margin 17.6% – 6.6%
Net margin 35.9% – 7.7%
FCF margin 35.6% – 13.8%
Operating cash flow margin 37.6% – 13.8%
Return on equity 29.3% – –
Return on assets 19.9% – 13.5%
Return on invested capital – – 21.9%
Return on capital employed 10.6% – 18.0%
Asset turnover 0.6x – 1.0x
Cash conversion (OCF / net income) 1.0x – 1.1x
Stock comp / revenue 12.6% – 2.4%

Financial Health

11 metrics
MetricDUOLVSADCBO
Debt / assets – – 37.1%
Debt / equity – – -294.1x
Net debt / EBITDA – – 1.8x
Debt / FCF – – 2.5x
Liabilities / assets 32.0% 3.6% 100.1%
Equity / assets 68.0% 96.4% -0.1%
Interest coverage – – –
Current ratio 2.7x 14.4x 0.8x
Quick ratio 2.5x 14.4x 0.7x
Cash ratio 2.3x 14.4x 0.3x
Altman Z-score 12.44 – 1.99

Shareholder Returns

7 metrics
MetricDUOLVSADCBO
Dividend yield – – –
Net buyback yield 0.5% – 0.0%
Shareholder yield 0.5% 0.0% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDUOLVSADCBO
Forward P/E 49.0xFY2026 – 19.1xFY2026
EPS, next fiscal year $2.61FY2026 – $1.57FY2026
EPS growth, next FY -69.4%FY2026 – +14.6%FY2026
EPS growth, the year after +21.8% – +26.8%
Revenue, next fiscal year $1.17BFY2026 $312.98MFY2024 $264.58MFY2026
Revenue growth, next FY +12.2%FY2026 +61.6%FY2024 +9.8%FY2026
Revenue growth, the year after +24.2% -33.6% +10.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDUOLVSADCBO
Held by institutions 98.6% – 17.5%
Institutions holding 433 – 58
Change in shares held, QoQ +3.7% – -13.8%
Institutions buying 265 – 36
Institutions selling 124 – 17
Buyers to sellers 2.14 – 2.12

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DUOLVSADCBO
DUOL 1.00 0.07 0.33
VSA 0.07 1.00 0.07
DCBO 0.33 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DUOL, VSA and DCBO?

Duolingo (DUOL) is the largest by market capitalisation: Duolingo (DUOL) $7.61B, VisionSys AI (VSA) $127.10M, Docebo (DCBO) $885.95M.

Which stock is cheaper, DUOL, VSA and DCBO?

VisionSys AI (VSA) trades on the lowest price-to-earnings ratio (Duolingo (DUOL) 18.5x, VisionSys AI (VSA) 0.0x, Docebo (DCBO) 44.3x). On next year's consensus earnings, Docebo (DCBO) is cheapest (Duolingo (DUOL) 49.0x, Docebo (DCBO) 19.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Duolingo (DUOL) grew revenue fastest over the trailing twelve months: Duolingo (DUOL) +29.4%, Docebo (DCBO) +12.3%.

Which company is more profitable?

Duolingo (DUOL) has the highest net margin (Duolingo (DUOL) 35.9%, Docebo (DCBO) 7.7%).

Which stock has performed better?

Over the past year Docebo (DCBO) returned the most: Duolingo (DUOL) -51.7%, VisionSys AI (VSA) -99.9%, Docebo (DCBO) +16.9%. Over five years, Duolingo (DUOL) compounded fastest (Duolingo (DUOL) -4.2%/yr, VisionSys AI (VSA) -75.9%/yr, Docebo (DCBO) -16.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Docebo (DCBO) has been the steadiest (Duolingo (DUOL) 65.2%, VisionSys AI (VSA) 257.3%, Docebo (DCBO) 57.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DUOL, VSA and DCBO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Duolingo (DUOL) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.