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INNODATA INC (INOD) Stock Fundamental Analysis

NASDAQ:INOD - US4576422053 - Common Stock

37.98 USD
-1.53 (-3.87%)
Last: 8/29/2025, 4:30:02 PM
38.1 USD
+0.12 (+0.32%)
After Hours: 8/29/2025, 4:30:02 PM
Fundamental Rating

6

Taking everything into account, INOD scores 6 out of 10 in our fundamental rating. INOD was compared to 81 industry peers in the Professional Services industry. While INOD has a great health rating, its profitability is only average at the moment. INOD is valued quite expensive, but it does show an excellent growth. These ratings would make INOD suitable for growth investing!


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year INOD was profitable.
INOD had a positive operating cash flow in the past year.
In multiple years INOD reported negative net income over the last 5 years.
INOD had a positive operating cash flow in 4 of the past 5 years.
INOD Yearly Net Income VS EBIT VS OCF VS FCFINOD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M

1.2 Ratios

INOD has a Return On Assets of 32.19%. This is amongst the best in the industry. INOD outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 49.23%, INOD belongs to the best of the industry, outperforming 92.59% of the companies in the same industry.
With an excellent Return On Invested Capital value of 32.70%, INOD belongs to the best of the industry, outperforming 98.77% of the companies in the same industry.
Industry RankSector Rank
ROA 32.19%
ROE 49.23%
ROIC 32.7%
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
ROIC(3y)N/A
ROIC(5y)N/A
INOD Yearly ROA, ROE, ROICINOD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

1.3 Margins

Looking at the Profit Margin, with a value of 18.71%, INOD belongs to the top of the industry, outperforming 90.12% of the companies in the same industry.
With an excellent Operating Margin value of 17.69%, INOD belongs to the best of the industry, outperforming 83.95% of the companies in the same industry.
With a Gross Margin value of 41.58%, INOD perfoms like the industry average, outperforming 58.02% of the companies in the same industry.
In the last couple of years the Gross Margin of INOD has grown nicely.
Industry RankSector Rank
OM 17.69%
PM (TTM) 18.71%
GM 41.58%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.49%
GM growth 5Y3.47%
INOD Yearly Profit, Operating, Gross MarginsINOD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

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9

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so INOD is creating value.
INOD has more shares outstanding than it did 1 year ago.
INOD has more shares outstanding than it did 5 years ago.
INOD has a better debt/assets ratio than last year.
INOD Yearly Shares OutstandingINOD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
INOD Yearly Total Debt VS Total AssetsINOD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

An Altman-Z score of 20.13 indicates that INOD is not in any danger for bankruptcy at the moment.
INOD's Altman-Z score of 20.13 is amongst the best of the industry. INOD outperforms 100.00% of its industry peers.
INOD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 20.13
ROIC/WACC3.71
WACC8.82%
INOD Yearly LT Debt VS Equity VS FCFINOD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M

2.3 Liquidity

INOD has a Current Ratio of 2.87. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.87, INOD belongs to the top of the industry, outperforming 83.95% of the companies in the same industry.
INOD has a Quick Ratio of 2.87. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.87, INOD belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.87
Quick Ratio 2.87
INOD Yearly Current Assets VS Current LiabilitesINOD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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8

3. Growth

3.1 Past

INOD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1277.78%, which is quite impressive.
Looking at the last year, INOD shows a very strong growth in Revenue. The Revenue has grown by 112.54%.
Measured over the past years, INOD shows a very strong growth in Revenue. The Revenue has been growing by 25.00% on average per year.
EPS 1Y (TTM)1277.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%41000%
Revenue 1Y (TTM)112.54%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%79.38%

3.2 Future

INOD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.98% yearly.
The Revenue is expected to grow by 23.97% on average over the next years. This is a very strong growth
EPS Next Y-9.13%
EPS Next 2Y12.65%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue Next Year50.62%
Revenue Next 2Y35.32%
Revenue Next 3Y23.97%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
INOD Yearly Revenue VS EstimatesINOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
INOD Yearly EPS VS EstimatesINOD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8 1

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 30.63 indicates a quite expensive valuation of INOD.
Based on the Price/Earnings ratio, INOD is valued a bit more expensive than the industry average as 60.49% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.17. INOD is around the same levels.
With a Price/Forward Earnings ratio of 35.21, INOD can be considered very expensive at the moment.
66.67% of the companies in the same industry are cheaper than INOD, based on the Price/Forward Earnings ratio.
INOD's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.78.
Industry RankSector Rank
PE 30.63
Fwd PE 35.21
INOD Price Earnings VS Forward Price EarningsINOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

INOD's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. INOD is more expensive than 64.20% of the companies in the same industry.
INOD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 33.53
EV/EBITDA 25.7
INOD Per share dataINOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The decent profitability rating of INOD may justify a higher PE ratio.
INOD's earnings are expected to grow with 15.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.65%
EPS Next 3Y15.98%

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0

5. Dividend

5.1 Amount

No dividends for INOD!.
Industry RankSector Rank
Dividend Yield N/A

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INNODATA INC

NASDAQ:INOD (8/29/2025, 4:30:02 PM)

After market: 38.1 +0.12 (+0.32%)

37.98

-1.53 (-3.87%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)07-31 2025-07-31/amc
Earnings (Next)11-05 2025-11-05
Inst Owners56.74%
Inst Owner Change-6.11%
Ins Owners4.43%
Ins Owner Change-6.16%
Market Cap1.21B
Analysts83.64
Price Target65.69 (72.96%)
Short Float %19.97%
Short Ratio2.27
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)33.71%
Min EPS beat(2)23.78%
Max EPS beat(2)43.65%
EPS beat(4)4
Avg EPS beat(4)99.98%
Min EPS beat(4)23.78%
Max EPS beat(4)290.63%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.41%
Min Revenue beat(2)-0.77%
Max Revenue beat(2)1.59%
Revenue beat(4)3
Avg Revenue beat(4)13.01%
Min Revenue beat(4)-0.77%
Max Revenue beat(4)41.78%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-12.97%
EPS NQ rev (1m)-17.19%
EPS NQ rev (3m)-27.93%
EPS NY rev (1m)4.28%
EPS NY rev (3m)7.53%
Revenue NQ rev (1m)-3.09%
Revenue NQ rev (3m)-2.55%
Revenue NY rev (1m)2.63%
Revenue NY rev (3m)2.63%
Valuation
Industry RankSector Rank
PE 30.63
Fwd PE 35.21
P/S 5.3
P/FCF 33.53
P/OCF 27.62
P/B 13.95
P/tB 17.11
EV/EBITDA 25.7
EPS(TTM)1.24
EY3.26%
EPS(NY)1.08
Fwd EY2.84%
FCF(TTM)1.13
FCFY2.98%
OCF(TTM)1.38
OCFY3.62%
SpS7.16
BVpS2.72
TBVpS2.22
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 32.19%
ROE 49.23%
ROCE 41.39%
ROIC 32.7%
ROICexc 84.55%
ROICexgc 146.97%
OM 17.69%
PM (TTM) 18.71%
GM 41.58%
FCFM 15.81%
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.49%
GM growth 5Y3.47%
F-Score8
Asset Turnover1.72
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 123.2%
Cap/Sales 3.39%
Interest Coverage 292.45
Cash Conversion 93.93%
Profit Quality 84.5%
Current Ratio 2.87
Quick Ratio 2.87
Altman-Z 20.13
F-Score8
WACC8.82%
ROIC/WACC3.71
Cap/Depr(3y)139.8%
Cap/Depr(5y)126.76%
Cap/Sales(3y)6.41%
Cap/Sales(5y)5.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1277.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%41000%
EPS Next Y-9.13%
EPS Next 2Y12.65%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue 1Y (TTM)112.54%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%79.38%
Revenue Next Year50.62%
Revenue Next 2Y35.32%
Revenue Next 3Y23.97%
Revenue Next 5YN/A
EBIT growth 1Y110.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year125.1%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y3778.71%
FCF growth 3Y227%
FCF growth 5Y59.89%
OCF growth 1Y541.35%
OCF growth 3Y89.44%
OCF growth 5Y52.25%