WallStSmart

Q2 Holdings (QTWO)vsSonos Inc (SONO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Sonos Inc generates 81% more annual revenue ($1.44B vs $794.81M). QTWO leads profitability with a 6.5% profit margin vs -1.2%. QTWO earns a higher WallStSmart Score of 50/100 (D+).

QTWO

Hold

50

out of 100

Grade: D+

Growth: 8.0Profit: 5.0Value: 3.3Quality: 3.8
Piotroski: 5/9Altman Z: 0.56

SONO

Hold

42

out of 100

Grade: D

Growth: 4.7Profit: 4.0Value: 6.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

QTWOUndervalued (+4.0%)

Margin of Safety

+4.0%

Fair Value

$58.97

Current Price

$52.51

$6.46 discount

UndervaluedFair: $58.97Overvalued
SONOUndervalued (+42.1%)

Margin of Safety

+42.1%

Fair Value

$28.49

Current Price

$14.67

$13.82 discount

UndervaluedFair: $28.49Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

QTWO1 strengths · Avg: 10.0/10
EPS GrowthGrowth
10802.0%10/10

Earnings expanding 10802.0% YoY

SONO1 strengths · Avg: 10.0/10
EPS GrowthGrowth
87.5%10/10

Earnings expanding 87.5% YoY

Areas to Watch

QTWO4 concerns · Avg: 2.3/10
Profit MarginProfitability
6.5%3/10

6.5% margin — thin

PEG RatioValuation
8.942/10

Expensive relative to growth rate

P/E RatioValuation
65.6x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.562/10

Distress zone — elevated risk

SONO4 concerns · Avg: 2.0/10
Market CapQuality
$1.77B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-3.9%2/10

ROE of -3.9% — below average capital efficiency

Revenue GrowthGrowth
-0.9%2/10

Revenue declined 0.9%

Profit MarginProfitability
-1.2%1/10

Currently unprofitable

Comparative Analysis Report

WallStSmart Research

Bull Case : QTWO

The strongest argument for QTWO centers on EPS Growth. Revenue growth of 13.8% demonstrates continued momentum.

Bull Case : SONO

The strongest argument for SONO centers on EPS Growth.

Bear Case : QTWO

The primary concerns for QTWO are Profit Margin, PEG Ratio, P/E Ratio. A P/E of 65.6x leaves little room for execution misses.

Bear Case : SONO

The primary concerns for SONO are Market Cap, Return on Equity, Revenue Growth.

Key Dynamics to Monitor

QTWO profiles as a value stock while SONO is a turnaround play — different risk/reward profiles.

SONO carries more volatility with a beta of 2.00 — expect wider price swings.

QTWO is growing revenue faster at 13.8% — sustainability is the question.

SONO generates stronger free cash flow (157M), providing more financial flexibility.

Bottom Line

QTWO scores higher overall (50/100 vs 42/100) and 13.8% revenue growth. SONO offers better value entry with a 42.1% margin of safety. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Q2 Holdings

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Q2 Holdings, Inc. provides cloud-based digital banking solutions to Community and Regional Financial Institutions (RCFIs) in the United States. The company is headquartered in Austin, Texas.

Sonos Inc

TECHNOLOGY · CONSUMER ELECTRONICS · USA

Sonos, Inc. designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company is headquartered in Santa Barbara, California.

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