| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 21 | — | 17.3x | Bottom tier | |
Growth | 89 | 15.4% | 7.1% | Top tier | |
Quality | 50 | -5.0% | 4.5% | Around median | |
Safety | 68 | — | 2.6x | Top tier | |
Capital Return | 52 | 0.00% | 0.06% | Around median | |
Momentum | 61 | -31.8% | -1.6% | Around median | |
Sentiment | 45 | 13 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Procore Technologies provides a construction management software platform that connects general contractors, specialty contractors, and project owners in a shared environment for project execution, document control, cost management, and collaboration among participants. It generates revenue through customer contracts to use its platform and capabilities, and expands by adding products tailored to different stakeholders and geographic markets. On the 2026-07-30 call, management explained that approximately 85% of its business is domestic in the United States and approximately 15% is international, and that owners and specialty contractors account for approximately 40% of the business; this customer mix was built after the company initially focused on general contractors in North America.
Revenue for quarter 2 of fiscal year 2026, ended 2026-06-30, reached $375.2 million, representing year-over-year growth of 15.8% versus $323.9 million in quarter 2 of fiscal year 2025. Net income reached $16.9 million and diluted earnings per share were $0.11, while gross margin reached 79.9% versus 79.1%, and operating margin turned positive at 1.2% versus -9.3% in the corresponding quarter. Operating cash flow reached $87.9 million versus $30.8 million in quarter 2 of fiscal year 2025, meaning the shift to operating profitability was accompanied by improved cash generation.
Procore is expanding its capabilities from information management to AI-assisted task execution; on the 2026-07-30 call, it presented a library of 20 agents within Procore AI and an agreement to acquire DroneDeploy for $845 million in cash. Its user base includes approximately 3 million active users, while 9 of the 10 largest data center sites in North America use its solutions during construction. This strategy combines increased use of the existing platform, expansion into complex construction projects, and the addition of imaging and visual analytics, but the DroneDeploy agreement also adds a substantial financing commitment to its expansion path.
Q2 FY2026
When: 2026-11-04
Revenue for quarter 3 of fiscal year 2026 within the guidance range of $382 million to $384 million
Non-GAAP operating margin for quarter 3 of fiscal year 2026 within the range of 19% to 19.5%
The median target from 7 analysts was $67, within a range of $56 to $85, a method that reflects growth expectations, while the consensus average was $67.5 with an overall buy recommendation. The discounted cash flow model estimated value at $54, within a range of $44 to $71 and with a discount rate of 8.9%, measuring the value of the cash the company can generate. The industry-multiple valuation was $35, within a range of $23 to $59, based on next year's earnings and a median multiple of 17.3 across 151 companies, valuing Procore against its peers. The ranges of the three methods overlap, but their central values differ clearly: analyst targets are higher than the cash flow model, and both are higher than the industry-multiple valuation, reflecting different weightings of expected growth, cash generated, and comparative profitability; analyst targets are inherently optimistic, while the cash flow model is inherently conservative. In data for the period ended 2026-06-30, EL7's valuation pillar, which compares the attractiveness of multiples within the industry, scored 27 out of 100 and ranked 263 out of 349.
Figures in the text are as of 2026-10-09; the live price is shown at the top of the page.
Quarter 2 of fiscal year 2026, ended 2026-06-30, generated net income of $16.9 million and diluted earnings per share of $0.11. Operating margin reached 1.2% versus -9.3% in quarter 2 of fiscal year 2025, and management confirmed on 2026-07-30 that this was its first quarter of GAAP operating profitability. However, the last 12 months through 2026-06-30 still show a net loss of $38.9 million, so sustained profitability has not yet been demonstrated over an extended period. The operating margin target of 25% for fiscal year 2027 is a non-GAAP measure, and management described this target as relating to the cost structure rather than revenue guidance.
On 2026-07-29, Procore announced an agreement to acquire DroneDeploy for $845 million in cash, rather than the completion of the acquisition. DroneDeploy adds site image capture using drones, robots, and cameras, along with image analysis, and has approximately 600 shared customers with Procore and revenue of approximately $78 million over the last 12 months, as presented on the 2026-07-30 call. Procore arranged bridge financing to cover most of the consideration while continuing to evaluate the long-term financing structure. Management confirmed that fiscal year 2026 revenue guidance excludes DroneDeploy's contribution and that it expects to absorb near-term margin pressure without changing margin guidance for fiscal years 2026 and 2027.
Automated analysis for informational purposes only — not investment advice.
Last 12 months to 2026-06-30
Continued actual operating profitability compared with a margin of 1.2% in quarter 2 of fiscal year 2026
On the 2026-07-30 call, Procore presented a library of 20 construction-specific AI agents and named Haskell and Level 10 Construction among its early users. Consigli tested four agents on three projects before moving to deploy Procore AI across 50 projects. Its drawing search time fell from 30 minutes to 5 minutes, while material checks that previously took 10 minutes were completed in seconds. These results support the existence of an operational benefit, but the product had moved into general availability and expanded selling through the sales team during the period covered by the call, so the trial alone does not demonstrate the scale of its financial contribution.
Management stated on 2026-07-30 that 9 of the 10 largest data center sites in North America use Procore during construction. It announced a contract worth approximately $7 million with a European company building AI data centers to unify project execution, documents, and costs within its global program. In quarter 2 of fiscal year 2026, ended 2026-06-30, international revenue grew 23%, or 19% in constant currency, alongside the signing of the King Salman International Airport contract in partnership with TASAMA. However, management estimated international business at approximately 15% of the total, meaning this opportunity is expanding from a smaller base than the U.S. business.
Share repurchases totaled $125.7 million over the last 12 months through 2026-06-30, but the diluted share count rose to 152.8 million shares in quarter 2 of fiscal year 2026, ended 2026-06-30, versus 149.7 million shares in quarter 2 of fiscal year 2025. This increase equals 2.1%, so repurchases did not prevent an increase in the diluted count in the year-over-year comparison. Stock-based compensation reached $248.3 million, or 17.5% of revenue over the last 12 months through 2026-06-30. The ability of growth and profitability to translate into per-share results also remains linked to the trajectory of the share base, alongside improvements in the business itself.