monday.com

MNDY

Software - Application · Technology

Price

$78.69

-0.34 (-0.43%)

Market Cap

$4.03B

Exchange

NASDAQ

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+19.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 44.5M (2021) → 53.1M (2025)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools. The company also offers product solutions for marketing, CRM, project management, software development, and other fields; and business development, presale, and

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+24.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+228.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$321M/ year

↑ Rising (+50% vs prior year)

26.0% of revenue

1.7x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

19.4%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

$1.5B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Heavy R&D investment

monday.com is putting 26% of revenue into R&D and that number is rising. That's 1.7x the sector average. And they're generating enough cash to self-fund it.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

88.8%

Premium pricing power — 88.8% gross margin

Operating Margin

0.7%

Thin — 0.7% operating margin

ROCE

0.2%

Weak — 0.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+26.7%

Fast-growing sales (26.7% YoY)

EPS YoY

+259.5%

Earnings growing fast (259.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

287%

Turns 287% of profit into real cash

FCF Margin

26.0%

Converts sales into free cash efficiently (26.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity

0.14

Conservative — low debt load (0.14)

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

34.2x

Pricey — P/E 34.2

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+20.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (34.2 → 13.3)

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Dividends

Not applicable for this business.

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