SANG vs SPOK vs API Stock Comparison

Sangoma Technologies, Spok Holdings and Agora Prices as of Oct 26, 2026 Peers: Industry group
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SANG Sangoma Technologies Corp
$4.65 +31.0% 1M -11.3% 1Y
Market cap
$154.26M
P/E
–
Revenue (TTM)
$203.08M
Div. yield
–
Communications Platforms Technology
1 win
SPOK Spok Holdings, Inc
$10.21 -2.4% 1M -36.9% 1Y
Market cap
$211.61M
P/E
17.3x
Revenue (TTM)
$135.97M
Div. yield
0.13%
Healthcare IT Technology
6 wins
API Agora, Inc.
$4.48 +6.4% 1M +24.4% 1Y
Market cap
$415.26M
P/E
37.9x
Revenue (TTM)
$151.69M
Div. yield
–
Communications Platforms Technology
3 wins

Head to Head

10 decided of 12

Spok Holdings leads on 6 of the 12 questions below (Spok Holdings 6, Agora 3, Sangoma Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSANGSPOKAPILeader
Larger companyMarket capitalisation $154.26M $211.61M $415.26M API
Cheaper on earningsLower P/E, profitable companies only -1.9x 17.3x 37.9x SPOK
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 16.0x 32.0x SPOK
Faster revenue growthRevenue growth, trailing twelve months -14.2% -3.4% +13.6% API
More profitableNet margin, trailing twelve months -39.0% 9.0% 7.2% SPOK
Better return on capitalReturn on invested capital 54.0% — — –
Less leveragedLower net debt / EBITDA 0.2x — 1,164x SANG
Higher dividend yieldTrailing dividend yield 0.00% 0.13% 0.00% –
Better 1-year returnPrice return, last 12 months -11.3% -36.9% +24.4% API
Better 5-year returnAnnualised price return, 5 years -26.5%/yr +0.3%/yr -28.9%/yr SPOK
Less volatileAnnualised volatility, 1 year 51.2% 31.7% 49.0% SPOK
Higher overall scoreMean of the five percentile scores vs peers 42/100 69/100 42/100 SPOK

Percentile Scorecard

SANGSPOKAPI

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

AxisSANGSPOKAPI
Valuation 93 #3 of 29 98 #3 of 90 18 #24 of 29
Growth 0 #27 of 27 14 #71 of 82 54 #13 of 27
Profitability 48 #14 of 26 84 #13 of 77 20 #21 of 26
Financial Health 50 #16 of 31 54 #45 of 96 77 #8 of 31
Shareholder Returns 19 #14 of 17 98 #2 of 54 –
Overall 42 69 42
  • SANG ranked among 32 companies in Workplace Software
  • SPOK ranked among 99 companies in Vertical Software
  • API ranked among 32 companies in Workplace Software

Price Performance

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

Returns

PeriodSANGSPOKAPISPY
1 month +31.0%-2.4%+6.4% -0.8%
3 months +11.8%-5.6%+12.6% +3.5%
6 months +7.1%-9.8%+26.2% +7.0%
Year to date -8.3%-22.6%+10.1% +12.2%
1 year -11.3%-36.9%+24.4% +13.0%
3 years +63.2%-32.6%+51.4% +86.3%
3 years, per year +17.7%-12.3%+14.8% +23.1%
5 years -78.5%+1.3%-81.9% +68.6%
5 years, per year -26.5%+0.3%-28.9% +11.0%
10 years +121.4%-40.1%— +258.0%
10 years, per year +8.3%-5.0%— +13.6%

Risk

MeasureSANGSPOKAPISPY
Volatility, 1Y 51.2%31.7%49.0% 12.7%
Downside volatility, 1Y 42.4%39.1%45.6% 12.7%
Beta vs S&P 500, 1Y 0.200.180.89 1.00
Return / volatility, 1Y -0.22-1.160.50 1.02
Max drawdown, 5Y -89.2%-45.6%-93.1% -25.4%
From 52-week high -13.9%-37.8%-14.8% -1.8%
52-week high $5.40$16.41$5.26 $779.14
52-week low $3.42$10.21$3.24 $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.

MultipleSANGSPOKAPI
P/E now vs peer median -2.0xmedian 31.9x 17.4xmedian 42.4x 37.6xmedian 31.9x
P/S now vs peer median 0.8xmedian 2.4x 1.6xmedian 2.7x 3.5xmedian 2.4x
EV/EBITDA now vs peer median 1.7xmedian 11.5x 9.9xmedian 19.0x -7,072xmedian 11.5x
P/FCF now vs peer median 7.1xmedian 14.2x 8.4xmedian 19.4x 35.9xmedian 14.2x
P/B now vs peer median 0.9xmedian 3.0x 1.5xmedian 1.8x —median 3.0x
PEG now vs peer median 0.05median 0.77 -0.57median 1.75 1.35median 0.77

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 monthsSANGSPOKAPI
Revenue $203.08M $135.97M $151.69M
Gross profit $143.68M $106.16M $97.83M
Operating income $66.76M $16.17M -$5.19M
Net income -$81.09M $12.24M $10.97M
Free cash flow $21.92M $25.41M $14.67M
R&D $42.90M $12.87M $57.28M
EPS (diluted) $-2.38 $0.58 $0.11
Cash & equivalents $10.43M $16.59M $72.67M
Total debt $89.10M – $1.34M
Shares (diluted) 33.24M 21.08M 98.86M
Enterprise value $95.76M $131.28M $66.12M

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
MetricSANGSPOKAPI
P/E -2.0x 17.4x 37.6x
P/FCF 7.1x 8.4x 35.9x
P/Operating cash flow 6.5x 7.5x 38.9x
P/S 0.8x 1.6x 3.5x
P/B 0.9x 1.5x –
P/Tangible book 1.3x 1.5x –
EV/EBITDA 1.7x 9.9x -7,072x
EV/EBIT 2.6x 12.2x -87.2x
EV/Revenue 0.8x 1.4x 3.0x
EV/FCF 7.8x 7.8x 30.9x
EV/Operating cash flow 7.2x 6.9x 33.4x
PEG (3Y EPS CAGR) 0.05 -0.57 1.35

Growth

14 metrics
MetricSANGSPOKAPI
Revenue growth (1Y) -14.2% -3.4% 13.6%
Revenue CAGR (3Y) -7.0% -0.2% 0.0%
Gross profit growth (1Y) -11.2% -4.9% 9.3%
Gross profit CAGR (3Y) -6.0% -1.1% 1.7%
Operating income growth (1Y) -18.1% -23.0% 85.7%
Operating income CAGR (3Y) -18.7% -2.5% 65.3%
Net income growth (1Y) -1,519% -28.2% 149.5%
Net income CAGR (3Y) -40.8% -29.5% 27.8%
EPS growth (1Y) -1,493% -29.4% 146.7%
EPS CAGR (3Y) -39.6% -30.5% 27.9%
Operating cash flow growth (1Y) -43.3% -0.7% -20.9%
Operating cash flow CAGR (3Y) -9.9% 6.7% 35.5%
Free cash flow growth (1Y) -50.4% 0.4% -25.1%
Free cash flow CAGR (3Y) -8.2% 9.9% 37.4%

Profitability

14 metrics
MetricSANGSPOKAPI
Gross margin 70.7% 78.1% 64.5%
EBITDA margin 50.3% 14.6% 0.0%
Operating margin 32.9% 11.9% -3.4%
Pretax margin -41.7% 12.5% 7.3%
Net margin -39.0% 9.0% 7.2%
FCF margin 10.8% 18.7% 9.7%
Operating cash flow margin 11.7% 21.0% 8.9%
Return on equity -87.1% 8.7% –
Return on assets – 6.3% 1.6%
Return on invested capital 54.0% – –
Return on capital employed – 10.9% -0.8%
Asset turnover – 0.7x 0.2x
Cash conversion (OCF / net income) -0.3x 2.3x 1.2x
Stock comp / revenue 1.2% 3.9% 3.0%

Financial Health

11 metrics
MetricSANGSPOKAPI
Debt / assets 11.6% – 0.2%
Debt / equity 0.2x – –
Net debt / EBITDA 0.2x – 1,164x
Debt / FCF 1.2x – 0.1x
Liabilities / assets 25.8% 28.5% 24.1%
Equity / assets 74.2% 71.5% –
Interest coverage 33.0x – -86.5x
Current ratio 0.8x 1.1x 5.1x
Quick ratio 0.5x 1.1x 1.3x
Cash ratio 0.2x 0.4x 1.0x
Altman Z-score 1.92 3.53 –

Shareholder Returns

7 metrics
MetricSANGSPOKAPI
Dividend yield – 12.2% –
Net buyback yield -0.1% – –
Shareholder yield -0.1% 12.2% –
Payout ratio (earnings) – 223.3% –
Payout ratio (FCF) – 107.6% –
Dividend growth (1Y) – 0.9% –
Dividend CAGR (3Y) – 2.3% –

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.

ConsensusSANGSPOKAPI
Forward P/E – 16.0xFY2026 32.0xFY2026
EPS, next fiscal year $-0.17FY2027 $0.64FY2026 $0.14FY2026
EPS growth, next FY – -14.7%FY2026 +40.0%FY2026
EPS growth, the year after – -34.4% +107.1%
Revenue, next fiscal year $192.47MFY2027 $144.30MFY2026 $171.35MFY2026
Revenue growth, next FY -3.8%FY2027 +3.3%FY2026 +21.5%FY2026
Revenue growth, the year after +3.5% -1.7% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSANGSPOKAPI
Held by institutions – 51.6% 21.2%
Institutions holding – 131 59
Change in shares held, QoQ – +3.0% -1.9%
Institutions buying – 76 27
Institutions selling – 40 18
Buyers to sellers – 1.90 1.50

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.

SANGSPOKAPI
SANG 1.00 0.03 0.08
SPOK 0.03 1.00 0.06
API 0.08 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SANG, SPOK and API?

Agora (API) is the largest by market capitalisation: Sangoma Technologies (SANG) $154.26M, Spok Holdings (SPOK) $211.61M, Agora (API) $415.26M.

Which stock is cheaper, SANG, SPOK and API?

Spok Holdings (SPOK) trades on the lowest price-to-earnings ratio (Sangoma Technologies (SANG) -1.9x, Spok Holdings (SPOK) 17.3x, Agora (API) 37.9x). On next year's consensus earnings, Spok Holdings (SPOK) is cheapest (Spok Holdings (SPOK) 16.0x, Agora (API) 32.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Agora (API) grew revenue fastest over the trailing twelve months: Sangoma Technologies (SANG) -14.2%, Spok Holdings (SPOK) -3.4%, Agora (API) +13.6%.

Which company is more profitable?

Spok Holdings (SPOK) has the highest net margin (Sangoma Technologies (SANG) -39.0%, Spok Holdings (SPOK) 9.0%, Agora (API) 7.2%).

Which stock has performed better?

Over the past year Agora (API) returned the most: Sangoma Technologies (SANG) -11.3%, Spok Holdings (SPOK) -36.9%, Agora (API) +24.4%. Over five years, Spok Holdings (SPOK) compounded fastest (Sangoma Technologies (SANG) -26.5%/yr, Spok Holdings (SPOK) +0.3%/yr, Agora (API) -28.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Sangoma Technologies (SANG) 0.00%, Spok Holdings (SPOK) 0.13%, Agora (API) 0.00%. Sangoma Technologies (SANG) and Agora (API) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Spok Holdings (SPOK) has been the steadiest (Sangoma Technologies (SANG) 51.2%, Spok Holdings (SPOK) 31.7%, Agora (API) 49.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SANG, SPOK and API?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Spok Holdings (SPOK) leads on 6. 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.