YELPYELP INC
Services-Personal Services
- Revenue
- $1.5B
- 3.7% YoY
- Operating margin
- 12.6%
- 18% YoY
- EBITDA
- $235M
- 23% YoY
- Market cap
- $1.0B
- Employees
- 5,168
- $283K revenue each
- Net debt / EBITDA
- -0.3×
- −$77M net debt
- AI in 10-K
- 14.0
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$10M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo256% of net incomeCash flow under 80% of net income
- Dilutive SBCNo9% of revenueOver 10% of revenue
- Payouts exceed cash flowNo78% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo36% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$283K per employeeBottom quartile of its SIC industry
- Quiet on AINo14.0 per 10K words · 96th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.3× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$17M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.2B | $1.3B | $1.4B | $1.5B | 3.7% |
| Operating income | $32M | $58M | $79M | $151M | $185M | 22% |
| Net income | $40M | $36M | $99M | $133M | $146M | 9.6% |
| Operating cash flow | $213M | $192M | $306M | $286M | $372M | 30% |
| Capex | $28M | $32M | $27M | $37M | $48M | 29% |
| Stock-based comp | $152M | $156M | $173M | $158M | $134M | 15% |
| Buybacks | $263M | $200M | $200M | $251M | $291M | 16% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $17M · 57
- Net
- −$17M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $2M | 93 | 182 |
| FY2024 | $10M | — | 118 | 153 |
| FY2023 | $11M | $25M | 145 | 128 |
| FY2022 | $11M | $5M | 84 | 97 |
| FY2021 | $10M | $12M | 111 | 125 |