SSNC vs PEGA vs MTLS Stock Comparison

SS&C Technologies Holdings, Pegasystems and Materialise Prices as of Oct 23, 2026 Peers: Industry group
PEGA Pegasystems Inc
$36.42 +3.5% 1M -44.5% 1Y
Market cap
$6.02B
P/E
20.4x
Revenue (TTM)
$1.75B
Div. yield
0.00%
Business Process Automation Technology
3 wins
MTLS Materialise Nv
$8.63 +8.0% 1M +41.9% 1Y
Market cap
$512.11M
P/E
33.3x
Revenue (TTM)
$318.18M
Div. yield
–
Business Process Automation Technology
3 wins

Head to Head

12 decided of 12

SS&C Technologies Holdings leads on 6 of the 12 questions below (SS&C Technologies Holdings 6, Pegasystems 3, Materialise 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSSNCPEGAMTLSLeader
Larger companyMarket capitalisation $19.54B $6.02B $512.11M SSNC
Cheaper on earningsLower P/E, profitable companies only 22.6x 20.4x 33.3x PEGA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.1x 15.7x 43.2x SSNC
Faster revenue growthRevenue growth, trailing twelve months +8.6% +0.9% +10.2% MTLS
More profitableNet margin, trailing twelve months 13.2% 16.9% 4.8% PEGA
Better return on capitalReturn on invested capital 8.6% — 3.5% SSNC
Less leveragedLower net debt / EBITDA 3.1x — -2.5x MTLS
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% SSNC
Better 1-year returnPrice return, last 12 months +2.6% -44.5% +41.9% MTLS
Better 5-year returnAnnualised price return, 5 years +2.2%/yr -10.8%/yr -17.2%/yr SSNC
Less volatileAnnualised volatility, 1 year 29.7% 52.3% 42.1% SSNC
Higher overall scoreMean of the five percentile scores vs peers 55/100 66/100 65/100 PEGA

Percentile Scorecard

SSNCPEGAMTLS

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

AxisSSNCPEGAMTLS
Valuation 78 #23 of 101 76 #25 of 101 87 #14 of 101
Growth 32 #66 of 97 54 #45 of 97 88 #13 of 97
Profitability 76 #23 of 94 90 #10 of 94 58 #40 of 94
Financial Health 36 #70 of 109 66 #38 of 109 82 #20 of 109
Shareholder Returns 51 #32 of 64 44 #36 of 64 8 #59 of 64
Overall 55 66 65
  • SSNC ranked among 114 companies in Business Applications
  • PEGA ranked among 114 companies in Business Applications
  • MTLS ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodSSNCPEGAMTLSSPY
1 month +4.1%+3.5%+8.0% -1.0%
3 months +12.3%+35.8%+31.8% +2.9%
6 months +23.3%-2.4%+65.6% +6.4%
Year to date -5.1%-39.0%+55.5% +11.4%
1 year +2.6%-44.5%+41.9% +13.1%
3 years +66.5%+86.7%+71.6% +79.4%
3 years, per year +18.5%+23.1%+19.7% +21.5%
5 years +11.4%-43.4%-61.1% +67.7%
5 years, per year +2.2%-10.8%-17.2% +10.9%
10 years +157.8%+134.7%+8.4% +255.2%
10 years, per year +9.9%+8.9%+0.8% +13.5%

Risk

MeasureSSNCPEGAMTLSSPY
Volatility, 1Y 29.7%52.3%42.1% 12.7%
Downside volatility, 1Y 30.8%57.3%38.1% 12.7%
Beta vs S&P 500, 1Y 0.500.731.08 1.00
Return / volatility, 1Y 0.09-0.851.00 1.03
Max drawdown, 5Y -44.8%-76.2%-84.7% -25.4%
From 52-week high -7.4%-45.3%-1.4% -2.5%
52-week high $89.62$66.64$8.75 $779.14
52-week low $62.05$25.99$4.80 $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.

MultipleSSNCPEGAMTLS
P/E now vs peer median 22.9xmedian 29.9x 20.2xmedian 29.9x 33.1xmedian 29.9x
P/S now vs peer median 3.0xmedian 2.8x 3.4xmedian 2.8x 1.6xmedian 2.8x
EV/EBITDA now vs peer median 11.7xmedian 17.4x 22.5xmedian 17.4x 10.5xmedian 17.4x
P/FCF now vs peer median 11.1xmedian 16.9x 13.5xmedian 16.9x 31.6xmedian 16.9x
P/B now vs peer median 2.9xmedian 3.1x 10.9xmedian 3.1x 1.7xmedian 3.1x
PEG now vs peer median 1.71median 0.86 0.18median 0.86 0.11median 0.86

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 monthsSSNCPEGAMTLS
Revenue $6.56B $1.75B $318.18M
Gross profit $3.16B $1.33B $182.10M
Operating income $1.55B $173.01M $12.25M
Net income $866.00M $294.76M $15.39M
Free cash flow $1.75B $442.24M $16.15M
R&D $517.20M $321.38M $55.71M
EPS (diluted) $3.57 $1.75 $0.26
Cash & equivalents $434.80M $202.19M $152.75M
Total debt $29.03B – $211.18M
Shares (diluted) 242.00M 168.64M 59.07M
Enterprise value $17.83B $5.71B -$105.20M

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
MetricSSNCPEGAMTLS
P/E 22.9x 20.2x 33.1x
P/FCF 11.1x 13.5x 31.6x
P/Operating cash flow 10.7x 12.9x 14.2x
P/S 3.0x 3.4x 1.6x
P/B 2.9x 10.9x 1.7x
P/Tangible book 6.9x 10.9x 1.9x
EV/EBITDA 11.7x 22.5x 10.5x
EV/EBIT 17.2x 32.6x 33.5x
EV/Revenue 4.1x 3.2x 1.3x
EV/FCF 15.2x 12.8x 25.4x
EV/Operating cash flow 14.6x 12.2x 11.5x
PEG (3Y EPS CAGR) 1.71 0.18 0.11

Growth

14 metrics
MetricSSNCPEGAMTLS
Revenue growth (1Y) 8.6% 0.9% 10.2%
Revenue CAGR (3Y) 6.8% 8.9% 6.4%
Gross profit growth (1Y) 7.3% 1.1% 11.4%
Gross profit CAGR (3Y) 7.4% 10.8% 7.0%
Operating income growth (1Y) 11.9% -42.7% 73.2%
Operating income CAGR (3Y) 9.7% 84.9% 62.7%
Net income growth (1Y) 7.3% 6.0% 150.8%
Net income CAGR (3Y) 11.5% 110.5% 330.9%
EPS growth (1Y) 11.7% 15.8% 151.3%
EPS CAGR (3Y) 13.4% 109.8% 310.4%
Operating cash flow growth (1Y) 23.7% 4.7% 46.9%
Operating cash flow CAGR (3Y) 12.6% 38.6% 32.9%
Free cash flow growth (1Y) 26.3% 2.7% 340.6%
Free cash flow CAGR (3Y) 13.2% 44.6% 53.8%

Profitability

14 metrics
MetricSSNCPEGAMTLS
Gross margin 48.1% 75.9% 57.2%
EBITDA margin 34.7% 14.4% 12.3%
Operating margin 23.6% 9.9% 3.9%
Pretax margin 16.6% 10.4% 4.9%
Net margin 13.2% 16.9% 4.8%
FCF margin 26.7% 25.3% 5.1%
Operating cash flow margin 27.7% 26.5% 11.3%
Return on equity 12.7% 53.1% 5.3%
Return on assets 4.2% 21.7% 3.2%
Return on invested capital 8.6% – 3.5%
Return on capital employed 10.3% 25.5% 3.3%
Asset turnover 0.3x 1.3x 0.7x
Cash conversion (OCF / net income) 2.1x 1.6x 2.3x
Stock comp / revenue 4.1% 8.3% 0.1%

Financial Health

11 metrics
MetricSSNCPEGAMTLS
Debt / assets 36.8% – 11.2%
Debt / equity 1.1x – 0.2x
Net debt / EBITDA 3.1x – -2.5x
Debt / FCF 4.3x – 3.3x
Liabilities / assets 67.4% 58.7% 38.6%
Equity / assets 32.6% 41.3% 61.4%
Interest coverage 3.6x 650.4x 27.6x
Current ratio 1.1x 1.0x 2.4x
Quick ratio 1.0x 0.9x 2.1x
Cash ratio 0.1x 0.5x 1.5x
Altman Z-score 1.73 6.88 2.96

Shareholder Returns

7 metrics
MetricSSNCPEGAMTLS
Dividend yield 1.3% 0.5% –
Net buyback yield 4.9% 7.6% -21.0%
Shareholder yield 6.2% 8.1% -21.0%
Payout ratio (earnings) 30.1% 6.9% –
Payout ratio (FCF) 14.9% 4.6% –
Dividend growth (1Y) 5.3% 57.0% –
Dividend CAGR (3Y) 8.9% 26.8% –

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.

ConsensusSSNCPEGAMTLS
Forward P/E 12.1xFY2026 15.7xFY2026 43.2xFY2026
EPS, next fiscal year $6.88FY2026 $2.32FY2026 $0.20FY2026
EPS growth, next FY +12.1%FY2026 +10.5%FY2026 +33.3%FY2026
EPS growth, the year after +8.3% +6.5% +45.0%
Revenue, next fiscal year $7.19BFY2026 $1.76BFY2026 $303.50MFY2026
Revenue growth, next FY +14.5%FY2026 +0.5%FY2026 -3.4%FY2026
Revenue growth, the year after -7.1% +9.0% +16.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSSNCPEGAMTLS
Held by institutions 84.8% 57.4% 13.7%
Institutions holding 724 433 59
Change in shares held, QoQ +1.7% +2.9% +9.4%
Institutions buying 385 242 23
Institutions selling 259 153 22
Buyers to sellers 1.49 1.58 1.05

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.

SSNCPEGAMTLS
SSNC 1.00 0.50 0.15
PEGA 0.50 1.00 0.26
MTLS 0.15 0.26 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, SSNC, PEGA and MTLS?

SS&C Technologies Holdings (SSNC) is the largest by market capitalisation: SS&C Technologies Holdings (SSNC) $19.54B, Pegasystems (PEGA) $6.02B, Materialise (MTLS) $512.11M.

Which stock is cheaper, SSNC, PEGA and MTLS?

Pegasystems (PEGA) trades on the lowest price-to-earnings ratio (SS&C Technologies Holdings (SSNC) 22.6x, Pegasystems (PEGA) 20.4x, Materialise (MTLS) 33.3x). On next year's consensus earnings, SS&C Technologies Holdings (SSNC) is cheapest (SS&C Technologies Holdings (SSNC) 12.1x, Pegasystems (PEGA) 15.7x, Materialise (MTLS) 43.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Materialise (MTLS) grew revenue fastest over the trailing twelve months: SS&C Technologies Holdings (SSNC) +8.6%, Pegasystems (PEGA) +0.9%, Materialise (MTLS) +10.2%.

Which company is more profitable?

Pegasystems (PEGA) has the highest net margin (SS&C Technologies Holdings (SSNC) 13.2%, Pegasystems (PEGA) 16.9%, Materialise (MTLS) 4.8%). On return on invested capital, SS&C Technologies Holdings (SSNC) leads (SS&C Technologies Holdings (SSNC) 8.6%, Materialise (MTLS) 3.5%).

Which stock has performed better?

Over the past year Materialise (MTLS) returned the most: SS&C Technologies Holdings (SSNC) +2.6%, Pegasystems (PEGA) -44.5%, Materialise (MTLS) +41.9%. Over five years, SS&C Technologies Holdings (SSNC) compounded fastest (SS&C Technologies Holdings (SSNC) +2.2%/yr, Pegasystems (PEGA) -10.8%/yr, Materialise (MTLS) -17.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

SS&C Technologies Holdings (SSNC) has the highest dividend yield: SS&C Technologies Holdings (SSNC) 0.01%, Pegasystems (PEGA) 0.00%, Materialise (MTLS) 0.00%. Materialise (MTLS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, SS&C Technologies Holdings (SSNC) has been the steadiest (SS&C Technologies Holdings (SSNC) 29.7%, Pegasystems (PEGA) 52.3%, Materialise (MTLS) 42.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SSNC, PEGA and MTLS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, SS&C Technologies Holdings (SSNC) 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.