Comprehensive Stock Comparison
Compare Commerce.com, Inc. (CMRC) vs Grab Holdings Limited (GRAB) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | GRAB | 20.5% revenue growth vs CMRC's 2.8% |
| Value | CMRC | Lower P/E (6.7x vs 38.5x) |
| Quality / Margins | GRAB | 7.9% net margin vs CMRC's -5.6% |
| Stability / Safety | CMRC | Beta 1.31 vs GRAB's 1.41 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | GRAB | -13.0% vs CMRC's -60.7% |
| Efficiency (ROA) | GRAB | 2.2% ROA vs CMRC's -6.3%, ROIC 3.3% vs -7.5% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Commerce.com operates a cloud-based e-commerce platform that enables businesses to build and manage online stores. It generates revenue primarily through subscription fees — typically tiered based on features and sales volume — with additional income from payment processing and app marketplace commissions. The company's competitive advantage lies in its scalable architecture that serves both small businesses and large enterprises, along with deep integrations with major sales channels like Amazon, eBay, and social media platforms.
Grab is a Southeast Asian superapp that offers ride-hailing, food delivery, and digital financial services through a single mobile platform. It generates revenue primarily from its mobility segment — which includes ride-hailing and taxi services — and its deliveries segment — mainly food and grocery delivery — with financial services and enterprise offerings contributing smaller portions. The company's key advantage is its dominant first-mover position across Southeast Asia, creating a powerful network effect where its massive user base attracts more drivers and merchants, which in turn draws more users.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
GRAB leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). CMRC leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
GRAB is the larger business by revenue, generating $3.4B annually — 9.8x CMRC's $342M. GRAB is the more profitable business, keeping 7.9% of every revenue dollar as net income compared to CMRC's -5.6%. On growth, GRAB holds the edge at +18.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CMRCCommerce.com, Inc. | GRABGrab Holdings Lim… |
|---|---|---|
| RevenueTrailing 12 months | $342M | $3.4B |
| EBITDAEarnings before interest/tax | -$3M | $285M |
| Net IncomeAfter-tax profit | -$19M | $267M |
| Free Cash FlowCash after capex | $16M | -$2M |
| Gross MarginGross profit ÷ Revenue | +78.7% | +43.2% |
| Operating MarginEBIT ÷ Revenue | -4.7% | +3.2% |
| Net MarginNet income ÷ Revenue | -5.6% | +7.9% |
| FCF MarginFCF ÷ Revenue | +4.8% | -0.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.9% | +18.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.3% | — |
Valuation Metrics
| Metric | CMRCCommerce.com, Inc. | GRABGrab Holdings Lim… |
|---|---|---|
| Market CapShares × price | $226M | $16.7B |
| Enterprise ValueMkt cap + debt − cash | $347M | $15.4B |
| Trailing P/EPrice ÷ TTM EPS | -11.58x | 66.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.69x | 38.54x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 40.55x |
| Price / SalesMarket cap ÷ Revenue | 0.66x | 4.97x |
| Price / BookPrice ÷ Book value/share | 5.67x | 2.63x |
| Price / FCFMarket cap ÷ FCF | 12.02x | 124.99x |
Profitability & Efficiency
GRAB delivers a 4.0% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-49 for CMRC. GRAB carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to CMRC's 4.21x. On the Piotroski fundamental quality scale (0–9), CMRC scores 6/9 vs GRAB's 4/9, reflecting solid financial health.
| Metric | CMRCCommerce.com, Inc. | GRABGrab Holdings Lim… |
|---|---|---|
| ROE (TTM)Return on equity | -49.1% | +4.0% |
| ROA (TTM)Return on assets | -6.3% | +2.2% |
| ROICReturn on invested capital | -7.5% | +3.3% |
| ROCEReturn on capital employed | -7.2% | +2.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 4.21x | 0.30x |
| Net DebtTotal debt minus cash | $121M | -$1.4B |
| Cash & Equiv.Liquid assets | $44M | $3.4B |
| Total DebtShort + long-term debt | $166M | $2.1B |
| Interest CoverageEBIT ÷ Interest expense | -0.21x | 3.39x |
Total Returns (with DRIP)
A $10,000 investment in GRAB five years ago would be worth $3,274 today (with dividends reinvested), compared to $443 for CMRC. Over the past 12 months, GRAB leads with a -13.0% total return vs CMRC's -60.7%. The 3-year compound annual growth rate (CAGR) favors GRAB at 9.5% vs CMRC's -33.7% — a key indicator of consistent wealth creation.
| Metric | CMRCCommerce.com, Inc. | GRABGrab Holdings Lim… |
|---|---|---|
| YTD ReturnYear-to-date | -31.5% | -16.9% |
| 1-Year ReturnPast 12 months | -60.7% | -13.0% |
| 3-Year ReturnCumulative with dividends | -70.8% | +31.5% |
| 5-Year ReturnCumulative with dividends | -95.6% | -67.3% |
| 10-Year ReturnCumulative with dividends | -96.2% | -64.5% |
| CAGR (3Y)Annualised 3-year return | -33.7% | +9.5% |
Risk & Volatility
CMRC is the less volatile stock with a 1.31 beta — it tends to amplify market swings less than GRAB's 1.41 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GRAB currently trades 63.7% from its 52-week high vs CMRC's 38.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CMRCCommerce.com, Inc. | GRABGrab Holdings Lim… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.31x | 1.41x |
| 52-Week HighHighest price in past year | $7.20 | $6.62 |
| 52-Week LowLowest price in past year | $2.41 | $3.36 |
| % of 52W HighCurrent price vs 52-week peak | +38.6% | +63.7% |
| RSI (14)Momentum oscillator 0–100 | 42.2 | 46.9 |
| Avg Volume (50D)Average daily shares traded | 978K | 43.1M |
Analyst Outlook
Wall Street rates CMRC as "Hold" and GRAB as "Buy". Consensus price targets imply 56.4% upside for GRAB (target: $7) vs 34.9% for CMRC (target: $4).
| Metric | CMRCCommerce.com, Inc. | GRABGrab Holdings Lim… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $3.75 | $6.60 |
| # AnalystsCovering analysts | 21 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.9% | +1.6% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Dec 20 | Feb 26 | Change |
|---|---|---|---|
| Commerce.com, Inc. (CMRC) | 100 | 4.21 | -95.8% |
| Grab Holdings Limit… (GRAB) | 100 | 37.09 | -62.9% |
Grab Holdings Limit… (GRAB) returned -67% over 5 years vs Commerce.com, Inc. (CMRC)'s -96%.
Chart 2Revenue Growth — 10 Years
| Stock | 2018 | 2025 | Change |
|---|---|---|---|
| Commerce.com, Inc. (CMRC) | $92M | $342M | +272.7% |
| Grab Holdings Limit… (GRAB) | $-845M | $3.4B | +498.8% |
Commerce.com, Inc.'s revenue grew from $92M (2018) to $342M (2025) — a 20.7% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2018 | 2025 | Change |
|---|---|---|---|
| Commerce.com, Inc. (CMRC) | -42.3% | -5.6% | +86.6% |
| Grab Holdings Limit… (GRAB) | 4.4% | 8.0% | +79.3% |
Commerce.com, Inc.'s net margin went from -42% (2018) to -6% (2025).
Chart 4EPS Growth — 10 Years
| Stock | 2018 | 2025 | Change |
|---|---|---|---|
| Commerce.com, Inc. (CMRC) | -0.68 | -0.24 | +64.7% |
| Grab Holdings Limit… (GRAB) | -0.95 | 0.06 | +106.7% |
Commerce.com, Inc.'s EPS grew from $-0.68 (2018) to $-0.24 (2025).
Chart 5Free Cash Flow — 5 Years
Commerce.com, Inc. generated $19M FCF in 2025 (+143% vs 2021). Grab Holdings Limited generated $134M FCF in 2025 (+113% vs 2021).
CMRC vs GRAB: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CMRC or GRAB a better buy right now?
Grab Holdings Limited (GRAB) offers the better valuation at 66.2x trailing P/E (38.5x forward), making it the more compelling value choice. Analysts rate Grab Holdings Limited (GRAB) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CMRC or GRAB?
On forward P/E, Commerce.com, Inc. is actually cheaper at 6.7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CMRC or GRAB?
Over the past 5 years, Grab Holdings Limited (GRAB) delivered a total return of -67.3%, compared to -95.6% for Commerce.com, Inc. (CMRC). A $10,000 investment in GRAB five years ago would be worth approximately $3K today (assuming dividends reinvested). Over 10 years, the gap is even starker: GRAB returned -64.5% versus CMRC's -96.2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CMRC or GRAB?
By beta (market sensitivity over 5 years), Commerce.com, Inc. (CMRC) is the lower-risk stock at 1.31β versus Grab Holdings Limited's 1.41β — meaning GRAB is approximately 8% more volatile than CMRC relative to the S&P 500. On balance sheet safety, Grab Holdings Limited (GRAB) carries a lower debt/equity ratio of 30% versus 4% for Commerce.com, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — CMRC or GRAB?
Grab Holdings Limited (GRAB) is the more profitable company, earning 8.0% net margin versus -5.6% for Commerce.com, Inc. — meaning it keeps 8.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GRAB leads at 6.0% versus -4.7% for CMRC. At the gross margin level — before operating expenses — CMRC leads at 78.7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is CMRC or GRAB more undervalued right now?
On forward earnings alone, Commerce.com, Inc. (CMRC) trades at 6.7x forward P/E versus 38.5x for Grab Holdings Limited — 31.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GRAB: 56.4% to $6.60.
07Which pays a better dividend — CMRC or GRAB?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is CMRC or GRAB better for a retirement portfolio?
For long-horizon retirement investors, Commerce.com, Inc. (CMRC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Both have compounded well over 10 years (CMRC: -96.2%, GRAB: -64.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CMRC and GRAB?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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