PCOR vs. GWRE

Last updated Apr 1, 2026

Compare and contrast key facts about Procore Technologies, Inc. (PCOR) and Guidewire Software, Inc. (GWRE).

Performance

PCOR vs. GWRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procore Technologies, Inc. (PCOR) and Guidewire Software, Inc. (GWRE). The values are adjusted to include any dividend payments, if applicable.

PCOR vs. GWRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PCOR Procore Technologies, Inc.	-21.64%	-2.92%	8.25%	46.71%	-41.00%	-9.13%
GWRE Guidewire Software, Inc.	-25.60%	19.24%	54.60%	74.30%	-44.90%	17.01%

Fundamentals

Market Cap PCOR : $8.61B GWRE : $12.91B
EPS PCOR : -$0.67 GWRE : $2.20
PS Ratio PCOR : 6.48 GWRE : 9.61
PB Ratio PCOR : 6.82 GWRE : 8.55
Total Revenue (TTM) PCOR : $1.32B GWRE : $1.34B
Gross Profit (TTM) PCOR : $1.05B GWRE : $855.55M
EBITDA (TTM) PCOR : $14.41M GWRE : $201.21M

Returns By Period

In the year-to-date period, PCOR achieves a -21.64% return, which is significantly higher than GWRE's -25.60% return.

PCOR

• 1D: 2.22%
• 1M: 3.56%
• YTD: -21.64%
• 6M: -21.83%
• 1Y: -13.66%
• 3Y*: -3.09%
• 5Y*: —
• 10Y*: —

GWRE

• 1D: 3.22%
• 1M: 2.92%
• YTD: -25.60%
• 6M: -34.93%
• 1Y: -20.18%
• 3Y*: 22.16%
• 5Y*: 7.86%
• 10Y*: 10.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PCOR vs. GWRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCOR

PCOR Risk / Return Rank: 27
PCOR Sharpe Ratio Rank: 28
PCOR Sortino Ratio Rank: 27
PCOR Omega Ratio Rank: 28
PCOR Calmar Ratio Rank: 30
PCOR Martin Ratio Rank: 25

GWRE

GWRE Risk / Return Rank: 24
GWRE Sharpe Ratio Rank: 21
GWRE Sortino Ratio Rank: 20
GWRE Omega Ratio Rank: 20
GWRE Calmar Ratio Rank: 30
GWRE Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCOR vs. GWRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procore Technologies, Inc. (PCOR) and Guidewire Software, Inc. (GWRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PCOR	GWRE	Difference
Sharpe ratio Return per unit of total volatility	-0.29	-0.46	+0.17
Sortino ratio Return per unit of downside risk	-0.11	-0.49	+0.38
Omega ratio Gain probability vs. loss probability	0.99	0.94	+0.05
Calmar ratio Return relative to maximum drawdown	-0.37	-0.38	+0.01
Martin ratio Return relative to average drawdown	-0.96	-0.86	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCOR vs. GWRE - Sharpe Ratio Comparison

The current PCOR Sharpe Ratio is -0.29, which is higher than the GWRE Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of PCOR and GWRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCOR	GWRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	-0.46	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	0.46	-0.64

Correlation

The correlation between PCOR and GWRE is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PCOR vs. GWRE - Dividend Comparison

Neither PCOR nor GWRE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PCOR vs. GWRE - Drawdown Comparison

The maximum PCOR drawdown since its inception was -61.70%, roughly equal to the maximum GWRE drawdown of -60.28%. Use the drawdown chart below to compare losses from any high point for PCOR and GWRE.

Drawdown Indicators

	PCOR	GWRE	Difference
Max Drawdown Largest peak-to-trough decline	-61.70%	-60.28%	-1.42%
Max Drawdown (1Y) Largest decline over 1 year	-39.85%	-53.33%	+13.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-58.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.28%	—
Current Drawdown Current decline from peak	-46.20%	-42.89%	-3.31%
Average Drawdown Average peak-to-trough decline	-36.24%	-15.20%	-21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.32%	23.57%	-8.25%

Volatility

PCOR vs. GWRE - Volatility Comparison

The current volatility for Procore Technologies, Inc. (PCOR) is 10.86%, while Guidewire Software, Inc. (GWRE) has a volatility of 11.75%. This indicates that PCOR experiences smaller price fluctuations and is considered to be less risky than GWRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCOR	GWRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	11.75%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	33.38%	30.04%	+3.34%
Volatility (1Y) Calculated over the trailing 1-year period	46.71%	43.86%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.61%	36.82%	+11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.61%	34.28%	+14.33%

Financials

PCOR vs. GWRE - Profitability Comparison

The chart below illustrates the profitability comparison between Procore Technologies, Inc. and Guidewire Software, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PCOR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Procore Technologies, Inc. reported a gross profit of 277.31M and revenue of 349.11M. Therefore, the gross margin over that period was 79.4%.

GWRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Guidewire Software, Inc. reported a gross profit of 231.52M and revenue of 359.10M. Therefore, the gross margin over that period was 64.5%.

PCOR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Procore Technologies, Inc. reported an operating income of -40.38M and revenue of 349.11M, resulting in an operating margin of -11.6%.

GWRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Guidewire Software, Inc. reported an operating income of 38.44M and revenue of 359.10M, resulting in an operating margin of 10.7%.

PCOR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Procore Technologies, Inc. reported a net income of -37.60M and revenue of 349.11M, resulting in a net margin of -10.8%.

GWRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Guidewire Software, Inc. reported a net income of 60.11M and revenue of 359.10M, resulting in a net margin of 16.7%.