Procore Technologies Inc (PCOR)
Fair ValueFundamental
49
Price
$51.72
Market Cap
$7.45B
Part 1 · What the company is worth
Overview
Procore Technologies, Inc., together with its subsidiaries, provides a cloud-based construction management platform and related products and services in the United States and internationally. Its platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. The company offers Preconstruction that facilitates collaboration between internal and external stakeholders during the takeoff, planning, budgeting, estimating, bidding, design, and partner selection phases of a construction project and Project Execution, which enables collaboration, information transmission and storage, and safety regulation compliance for teams on the jobsite and in the back office. It also provides Resource Management, that helps customers to schedule, track, and forecast workforce and equipment productivity, improve time management, communicate with workforces, optimize procurement and movement of materials, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, and support payments between key stakeholders. The company serves owners, general contractors, and specialty contractors operating in the residential and non-residential segments of the construction industry. The company sells its products online through computers, smartphones, tablets, web browser, and mobile application available for iOS and Android platforms. Procore Technologies, Inc. was formerly known as Butterfly Lane, Inc and changed its name to Procore Technologies, Inc. in May 2002. The company was incorporated in 2002 and is headquartered in Carpinteria, California.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$1.42B
Trailing 12 months (through 6/30/2026)
Net Income
$-39M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$282M
Total Equity
$1.26B
Total Liabilities
$977M
Current Ratio
1.17
Interest Coverage
68.02
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$56.22
Current Price
$51.72
Margin of Safety
+8.0%
Fair Value Range
$42.63 - $69.82
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-8.0%
P/B Ratio
6.15
P/FCF
22.65
Gross Margin
80.0%
ROIC
-4.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-4.0%
WACC
8.8%
ROIC − WACC
-12.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (13)
- EPS shows upward trend
- Gross Margin 80.0%
- P/FCF 22.65
- Debt/Equity ratio
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Revenue Growth 5Y 27.0%
- Analyst Consensus 77% Buy
- Earnings Surprise avg 8.0%
- Share Dilution 2.2%
- Net Margin Trend -2.7% vs -11.6%
Failed (9)
- Price CAGR -7.81%
- ROIC -4.0%
- P/B Ratio 6.15
- Operating Margin -4.9%
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -3.1%
- Piotroski F-Score 4/9
Unavailable (5)
- Dividend Payout NaN%
- Debt/EBITDA
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
Low quality: investigate accounting
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Craig F. Courtemanche Jr. | Founder & Chairman | 57 |
| Dr. Ajei S. Gopal Ph.D. | President, CEO & Director | 63 |
| Mr. Steven S. Davis | President of Product & Technology | 58 |
| Mr. Benjamin C. Singer Esq., J.D. | Chief Legal Officer & Corporate Secretary | 48 |
| Ms. Rachel Pyles | CFO & Treasurer | 41 |
| Mr. William Fred Fleming Jr. | SVP, Corporate Controller & Principal Accounting Officer | 41 |
| Ms. Alexandra Geller | Head of Investor Relations | - |
| Ms. Inna Landman | Chief People Officer | - |
| Mr. Steven C. Zahm | Chief Experience Officer | 61 |
| Mr. Matthew Puljiz | Senior Vice President of Finance | - |
Audit Risk
1
Board Risk
8
Compensation Risk
10
Shareholder Rights Risk
8
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-24
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-31
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-09
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for PCOR, sourced from Markets Gazette.