MongoDB, Inc. and Wix.com Ltd. are two prominent players in the software infrastructure industry, each driving innovation in cloud-based solutions. MongoDB excels in database platforms, while Wix leads in website creation and business automation tools. Their shared focus on empowering digital transformation makes their comparison compelling. In this article, I will analyze both companies to help you decide which is the more attractive investment opportunity in 2026.
Table of contents
Companies Overview
I will begin the comparison between MongoDB and Wix by providing an overview of these two companies and their main differences.
MongoDB Overview
MongoDB, Inc. operates as a general purpose database platform worldwide. It offers MongoDB Enterprise Advanced for enterprise clients, MongoDB Atlas as a cloud-hosted database service, and a free Community Server version for developers. Founded in 2007 and headquartered in New York City, MongoDB focuses on delivering flexible database solutions for cloud, on-premise, and hybrid environments within the software infrastructure sector.
Wix Overview
Wix.com Ltd. develops and markets a cloud-based platform enabling the creation of websites and web applications globally. Its offerings include a drag-and-drop editor, AI-powered site creation, business management tools, and payment solutions. Founded in 2006 and headquartered in Tel Aviv, Israel, Wix serves over 222M registered users with 6M premium subscriptions, specializing in software infrastructure for website development and business operations.
Key similarities and differences
Both MongoDB and Wix operate within the technology sector under the software infrastructure industry, focusing on cloud-based solutions. MongoDB provides database management systems targeting developers and enterprises, while Wix offers tools for website creation and business management aimed at a broader user base including individuals and businesses. Their business models differ in product focus—database platforms versus website and application development ecosystems—though both emphasize cloud services and scalable technology.
Income Statement Comparison
Below is a comparison of the most recent income statement metrics for MongoDB, Inc. and Wix.com Ltd., illustrating their financial performance in fiscal year 2025 and 2024 respectively.
| Metric | MongoDB, Inc. (MDB) | Wix.com Ltd. (WIX) |
|---|---|---|
| Market Cap | 32.5B | 4.5B |
| Revenue | 2.01B | 1.76B |
| EBITDA | -97M | 186M |
| EBIT | -124M | 155M |
| Net Income | -129M | 138M |
| EPS | -1.73 | 2.49 |
| Fiscal Year | 2025 | 2024 |
Income Statement Interpretations
MongoDB, Inc.
MongoDB’s revenue increased substantially from 590M in 2021 to over 2B in 2025, with net income losses narrowing from -267M to -129M in the same period. Gross margin remained strong at 73.32%, but EBIT and net margins stayed negative, though improving. In 2025, revenue growth accelerated 19.2%, with margins and EPS showing favorable improvement despite continued net losses.
Wix.com Ltd.
Wix’s revenue grew steadily from 984M in 2020 to 1.76B in 2024, turning net income positive in recent years with 138M in 2024. The company maintained a solid gross margin near 68%, with EBIT margin improving to 8.8% and net margin reaching 7.9% in 2024. Recent growth showed strong EBIT and net margin expansion, alongside a significant EPS increase in 2024.
Which one has the stronger fundamentals?
Both companies show favorable income statement trends, but Wix exhibits consistent profitability with positive net and EBIT margins, alongside strong margin growth. MongoDB demonstrates rapid revenue expansion but sustained losses and negative margins despite improvements. Wix’s stable profitability and margin gains suggest relatively stronger fundamentals compared to MongoDB’s growth-focused but unprofitable profile.
Financial Ratios Comparison
The table below compares key financial ratios for MongoDB, Inc. (MDB) and Wix.com Ltd. (WIX) based on their most recent fiscal year data.
| Ratios | MongoDB, Inc. (2025) | Wix.com Ltd. (2024) |
|---|---|---|
| ROE | -4.64% | -175.57% |
| ROIC | -7.36% | 9.13% |
| P/E | -158 | 86.21 |
| P/B | 7.32 | -151.35 |
| Current Ratio | 5.20 | 0.84 |
| Quick Ratio | 5.20 | 0.84 |
| D/E (Debt-to-Equity) | 0.013 | -12.31 |
| Debt-to-Assets | 1.06% | 50.70% |
| Interest Coverage | -26.70 | 25.92 |
| Asset Turnover | 0.58 | 0.92 |
| Fixed Asset Turnover | 24.78 | 3.33 |
| Payout ratio | 0 | 0 |
| Dividend yield | 0% | 0% |
Interpretation of the Ratios
MongoDB, Inc.
MongoDB’s financial ratios show several weaknesses, including negative net margin (-6.43%) and return on equity (-4.64%), alongside a high weighted average cost of capital (10.35%). Positive aspects include a strong quick ratio (5.2) and low debt levels. The company does not pay dividends, reflecting its reinvestment focus in growth and R&D, without share buyback programs.
Wix.com Ltd.
Wix demonstrates mixed financial health with neutral net margin (7.86%) and return on invested capital (9.13%), but unfavorable return on equity (-175.57%) and a high debt-to-assets ratio (50.7%). Its current ratio is below 1, indicating liquidity concerns. Wix also does not pay dividends, likely prioritizing reinvestment and expansion over shareholder returns via dividends.
Which one has the best ratios?
Comparing both, MongoDB shows more unfavorable ratios (57.14%) than Wix (35.71%), though Wix’s liquidity and leverage metrics raise concerns. Wix’s higher proportion of neutral ratios suggests a more balanced profile. Overall, neither company stands out as clearly superior, each bearing distinct financial strengths and risks in their ratios.
Strategic Positioning
This section compares the strategic positioning of MongoDB, Inc. and Wix.com Ltd. in terms of market position, key segments, and exposure to technological disruption:
MongoDB, Inc.
- Strong presence in software infrastructure with $32.5B market cap, facing competitive pressure in cloud databases.
- Key segments include MongoDB Atlas cloud database and subscription services driving revenue growth.
- Exposure to disruption through cloud and hybrid database solutions adapting to evolving technology needs.
Wix.com Ltd.
- Smaller $4.5B market cap with competitive pressure in cloud-based website development platforms.
- Revenue driven by Creative Subscription and Business Solutions for website creation and business management.
- Faces disruption risks from evolving web technologies and AI-driven web development tools.
MongoDB, Inc. vs Wix.com Ltd. Positioning
MongoDB focuses on database infrastructure with diversified cloud and subscription offerings, while Wix concentrates on website creation and business tools, showing a more concentrated segment focus. MongoDB’s larger scale contrasts Wix’s targeted platform approach, each with distinct growth drivers.
Which has the best competitive advantage?
Both companies are shedding value as ROIC remains below WACC, despite growing profitability trends, resulting in a slightly unfavorable moat status for both MongoDB and Wix.
Stock Comparison
The past year’s stock price movements for MongoDB, Inc. and Wix.com Ltd. reveal contrasting trading dynamics, with MongoDB showing recent recovery amid a volatile bearish trend, while Wix.com exhibits sustained decline with decelerating losses.
Trend Analysis
MongoDB, Inc. experienced an 11.46% price decline over the past 12 months, indicating a bearish trend with accelerating losses. The stock’s volatility was high, with a standard deviation of 72.49, reaching a high of 451.52 and a low of 154.39.
Wix.com Ltd. delivered a 40.28% price decrease over the same period, confirming a bearish trend with decelerating losses. Its volatility was lower than MongoDB’s, with a standard deviation of 34.39, a high of 240.89, and a low of 80.16.
Comparing both stocks, MongoDB showed a less severe overall decline and a recent price rebound, resulting in a higher market performance than Wix.com, which faced a steeper and ongoing downward trend.
Target Prices
Analysts present a clear consensus on target prices for MongoDB, Inc. and Wix.com Ltd.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| MongoDB, Inc. | 500 | 375 | 445.2 |
| Wix.com Ltd. | 210 | 70 | 160.27 |
The consensus target for MongoDB at 445.2 USD is above its current price of 399.76 USD, indicating moderate upside potential. Wix.com’s target consensus at 160.27 USD suggests significant expected growth compared to its current price near 80.16 USD.
Analyst Opinions Comparison
This section compares analysts’ ratings and grades for MongoDB, Inc. (MDB) and Wix.com Ltd. (WIX):
Rating Comparison
MDB Rating
- Rating: C, evaluated as Very Favorable
- Discounted Cash Flow Score: 2 (Moderate)
- ROE Score: 1 (Very Unfavorable)
- ROA Score: 1 (Very Unfavorable)
- Debt To Equity Score: 4 (Favorable)
- Overall Score: 2 (Moderate)
WIX Rating
- Rating: C, evaluated as Very Favorable
- Discounted Cash Flow Score: 3 (Moderate)
- ROE Score: 1 (Very Unfavorable)
- ROA Score: 4 (Favorable)
- Debt To Equity Score: 1 (Very Unfavorable)
- Overall Score: 2 (Moderate)
Which one is the best rated?
Both MDB and WIX share the same overall rating of C and moderate overall scores. MDB has a stronger debt to equity score, while WIX shows better discounted cash flow and return on assets scores, indicating mixed strengths between them.
Scores Comparison
Here is a comparison of the Altman Z-Score and Piotroski Score for MongoDB and Wix:
MDB Scores
- Altman Z-Score: 30.24, indicating a safe zone with low bankruptcy risk.
- Piotroski Score: 4, reflecting average financial strength.
WIX Scores
- Altman Z-Score: 1.83, in the grey zone with moderate bankruptcy risk.
- Piotroski Score: 6, reflecting average financial strength.
Which company has the best scores?
MDB shows a much higher Altman Z-Score, placing it clearly in the safe zone, while WIX is in the grey zone. Both companies have average Piotroski Scores, with WIX slightly higher. Overall, MDB’s Altman Z-Score suggests stronger financial stability.
Grades Comparison
The grades assigned to MongoDB, Inc. and Wix.com Ltd. by various reputable financial institutions are as follows:
MongoDB, Inc. Grades
The following table summarizes recent grades from recognized grading companies for MongoDB, Inc.:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Barclays | Maintain | Overweight | 2026-01-12 |
| Needham | Maintain | Buy | 2026-01-12 |
| Truist Securities | Maintain | Buy | 2026-01-07 |
| Needham | Maintain | Buy | 2026-01-06 |
| RBC Capital | Maintain | Outperform | 2026-01-05 |
| Argus Research | Maintain | Buy | 2025-12-04 |
| Goldman Sachs | Maintain | Buy | 2025-12-03 |
| Citigroup | Maintain | Buy | 2025-12-03 |
| Canaccord Genuity | Maintain | Buy | 2025-12-02 |
| Piper Sandler | Maintain | Overweight | 2025-12-02 |
MongoDB, Inc. consistently receives positive grades, predominantly “Buy” and “Overweight,” indicating a stable consensus favoring the stock.
Wix.com Ltd. Grades
The following table presents recent grades from established grading firms for Wix.com Ltd.:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Morgan Stanley | Maintain | Overweight | 2026-01-15 |
| Wells Fargo | Maintain | Overweight | 2025-12-19 |
| Cantor Fitzgerald | Maintain | Overweight | 2025-12-11 |
| Citigroup | Maintain | Buy | 2025-11-20 |
| Citizens | Maintain | Market Outperform | 2025-11-20 |
| Cantor Fitzgerald | Maintain | Overweight | 2025-11-20 |
| Scotiabank | Maintain | Sector Outperform | 2025-11-20 |
| Evercore ISI Group | Maintain | Outperform | 2025-11-20 |
| Needham | Maintain | Buy | 2025-11-20 |
| B. Riley Securities | Maintain | Buy | 2025-11-20 |
Wix.com Ltd. displays strong and consistent positive grades, including “Buy,” “Overweight,” and “Outperform,” reflecting broad analyst confidence.
Which company has the best grades?
Both MongoDB, Inc. and Wix.com Ltd. maintain strong buy-side grades, but Wix.com Ltd. features a broader range of positive ratings including “Market Outperform” and “Sector Outperform.” This wider endorsement may indicate a greater analyst conviction, potentially influencing investor confidence and portfolio allocation decisions.
Strengths and Weaknesses
Below is a comparison of key strengths and weaknesses of MongoDB, Inc. (MDB) and Wix.com Ltd. (WIX) based on the most recent data available.
| Criterion | MongoDB, Inc. (MDB) | Wix.com Ltd. (WIX) |
|---|---|---|
| Diversification | Moderate: Primarily strong in cloud DB services with MongoDB Atlas (1.4B USD in 2025), some other subscriptions and services | Moderate: Focused on website building and business solutions, with a balanced split (1.26B USD creative subscriptions, 496M USD business solutions in 2024) |
| Profitability | Unfavorable: Negative net margin (-6.43%), ROIC (-7.36%), and ROE (-4.64%) in 2025; value destroying but improving ROIC trend | Slightly unfavorable: Positive net margin (7.86%) but negative ROE (-175.57%), ROIC slightly above WACC; value destroying but improving profitability |
| Innovation | Strong growth in cloud services revenue, high fixed asset turnover (24.78) indicating operational efficiency | Moderate innovation with steady subscription growth and solid asset turnover (3.33); some challenges in capital efficiency |
| Global presence | Significant due to cloud-based platform adoption worldwide | Global reach with a large user base in website services, but smaller scale than MDB’s Atlas platform |
| Market Share | Leading in cloud database market segment with rapid revenue growth in Atlas | Strong in website building niche but facing intense competition from other SaaS platforms |
Key takeaways: Both MongoDB and Wix show growing profitability trends but currently destroy value relative to their cost of capital. MongoDB leads in innovation and operational efficiency with its cloud database services, whereas Wix maintains stable diversification in web solutions but faces profitability challenges. Caution is advised due to negative returns on capital despite growth prospects.
Risk Analysis
Below is a comparison of key risks for MongoDB, Inc. (MDB) and Wix.com Ltd. (WIX) as of the most recent fiscal years:
| Metric | MongoDB, Inc. (MDB) | Wix.com Ltd. (WIX) |
|---|---|---|
| Market Risk | Beta 1.38; high valuation with volatile price range (141-445 USD) | Beta 1.42; wide price fluctuation (80-247 USD) indicates sensitivity |
| Debt Level | Very low debt (D/E 0.01); minimal financial leverage | High debt-to-assets 50.7%; negative D/E ratio signals complex capital structure |
| Regulatory Risk | US-based, moderate regulatory environment in tech sector | Israeli base with international exposure; potential cross-border regulatory challenges |
| Operational Risk | Heavy reliance on cloud database adoption; negative net margin -6.43% | Diverse SaaS portfolio; mixed profitability (net margin 7.86%, but negative ROE) |
| Environmental Risk | Industry generally low environmental impact | Similar low direct environmental impact as a software platform |
| Geopolitical Risk | US-centric operations, relatively stable | Exposure to Middle East geopolitical tensions due to Israel headquarters |
In summary, MongoDB’s most impactful risks are market volatility and operational losses, despite a strong balance sheet and low debt. Wix faces higher financial risk due to elevated debt levels and geopolitical exposure, combined with mixed profitability metrics. Investors should weigh MongoDB’s growth challenges against Wix’s financial leverage and regional risks when considering portfolio inclusion.
Which Stock to Choose?
MongoDB, Inc. (MDB) shows favorable income growth with a 239.86% revenue increase over five years and improving profitability despite negative returns on equity and assets. Its financial ratios reveal a mixed picture, with 35.7% favorable metrics but overall an unfavorable rating, supported by very favorable debt ratios and a strong liquidity position. MDB’s rating is very favorable (C), yet profitability measures and interest coverage remain challenging.
Wix.com Ltd. (WIX) presents steady income growth of 78.86% over five years, with a favorable income statement and mainly neutral financial ratios. Its debt levels are higher, reflected in an unfavorable debt-to-assets ratio, but it maintains positive return on assets and solid interest coverage. WIX’s rating is very favorable (C) as well, although its liquidity ratios and some valuation metrics are less supportive.
For investors, MDB might appear more attractive for those focused on growth due to its robust revenue expansion and improving profitability despite current losses. Conversely, WIX could appeal to those prioritizing stability and moderate income growth, given its more balanced financial ratios and positive cash flow metrics. Both companies show signs of value destruction but also improving profitability, suggesting a nuanced consideration depending on risk tolerance and investment strategy.
Disclaimer: Investment carries a risk of loss of initial capital. The past performance is not a reliable indicator of future results. Be sure to understand risks before making an investment decision.
Go Further
I encourage you to read the complete analyses of MongoDB, Inc. and Wix.com Ltd. to enhance your investment decisions:
