Dave Inc./DE vs FinVolution Group, two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Dave earns 42.4% on its assets, FinVolution 10%, and both numbers are genuinely earned, no leverage tricks on either sheet: a US cash-advance app running at software economics (37.2% net margin) against a Chinese lending marketplace running at platform economics (18.7%). The multiples price them almost together, 22.4 and 17.8 times, which given the return gap is a quiet verdict on jurisdiction: American consumer fintech pays five turns more for a quarter of the asset productivity... inverted, FinVolution's discount prices China risk at roughly thirty points of return on assets. Dave's 110% return on equity is small-base arithmetic; the 42.4% on assets is the honest marvel. Two efficient little machines, taxed differently by geography.
Comparison updated 2026-07-10.
| Metric | DAVE | FINV |
|---|---|---|
| Price | $348.69 | $4.80 |
| Market cap | $5.0B | $6.4B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | 22.4 | 17.8 |
| P/B | 24.64 | 2.66 |
| P/S | 8.30 | 3.30 |
| EV/EBITDA | 3009.7 | 613.1 |
| Revenue growth | +59.1% | +200.0% |
| Net margin | 37.2% | 18.7% |
| Return on equity | 110.4% | 15.1% |
| Return on assets | 42.4% | 10.0% |
| Debt / equity | 0.00 | 0.02 |
| Current ratio | 3.86 | — |
| Altman Z (solvency) | 8.21 | 4.33 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.