Thread by @Investing_Lion

Sustainability of growth in SaaS: Will they accelerate or slow down in 2022 vs 2021?

Here is the % difference NTM - LTM and overall NTM growth:

$BILL Difference: +51% / NTM growth: 101%
$AI +16% / 36%
$SPLK +13% / 16%
$PCTY +12% / 25%
$PAYC +6% / 24%
$ADSK +4% / 18%

% difference NTM - LTM and overall NTM growth:

$CRM +2% / 23%
$DOCN +2% / 31%
$WDAY +2% / 19%
$ZEN +1% / 27%
$ZUO +1 / 12%
$WKME 0% / 29%
$QLYS 0% / 12%
$BL 0% / 20%
$OKTA -1% / 44%
$APPN -2% / 16%
$BIGC -3% / 36%
$FROG -3% / 34%
$SPT -3% / 31%
$PD -4% / 25%
$PLAN -4% / 25%

% difference NTM - LTM and overall NTM growth:

$NOW -5% / 26%
$PCOR -5% / 23%
$HUBS -6% / 35%
$ADBE -6% / 15%
$TEAM -8% / 21%
$MDB -8% / 32%
$SMAR -9% / 31%
$VEEV -10% / 20%
$NET -14% / 38%
$DDOG -14% / 45%
$ZS -15% / 41%

% difference NTM - LTM and overall NTM growth:

$ESTC -16% / 28%
$ZI -17% / 37%
$FSLY -17% / 14%
$WIX -17% / 19%
$U -18% / 27%
$PLTR -20% / 27%
$ASAN -20% / 42%
$CFLT -21% / 34%
$DOCU -21% / 34%
$TWLO -25% / 37%
$CRWD -28% / 32%
$PATH -29% / 34%

$S -29% / 79%
$SNOW -38% / 73%
$MDAY -42% / 50%
$SHOP -49% / 36%
$OLO -68% / 22%
$ZM -152% / 18%

These SaaS businesses have sustained high growth rates for many years. However, the last twelve months were extraordinary. It is important to look forward at future growth.

Some of these growths may have an important M&A component and not be entirely organic so further research is necessary of course.

And these are analyst estimates, which are just that: estimates.