Archer Aviation Inc. (ACHR) vs V2X, Inc. (VVX)

Archer Aviation Inc. and V2X, Inc. are both Aerospace & Defense companies. Archer Aviation Inc. is the larger, with a market value of $4.4B against $2.4B — 1.9× the size. Archer Aviation Inc. has negative trailing earnings, so its P/E is not meaningful; V2X, Inc. trades at 26.0×. V2X, Inc. has the higher net margin (1.88% vs 0.00%) and the higher return on invested capital (6.51% vs −127.0%). Across the 15 metrics below, V2X, Inc. leads on 13 and Archer Aviation Inc. on 2.

Valuation

Metric ACHR VVX Aerospace & Defense median
P/E n/m 25.96 33.00
P/S n/m 0.49 3.63
P/B 2.29 2.10 3.24
Price to free cash flow n/m 16.99 34.01
EV/EBITDA n/m 9.91 18.69
EV/Sales n/m 0.66 3.94
Earnings yield (19.25%) 3.85% 1.31%
Free cash flow yield (15.65%) 5.88% 0.00%

Profitability

Metric ACHR VVX Aerospace & Defense median
Gross margin 0.00% 8.47% 25.48%
Operating margin 0.00% 4.19% 4.54%
Net margin 0.00% 1.88% 2.22%
Free cash flow margin 0.00% 2.86% 0.00%
Return on equity (44.47%) 8.35% 6.43%
Return on assets (38.52%) 2.90% 2.70%
Return on invested capital (126.95%) 6.51% 1.56%

Growth

Metric ACHR VVX Aerospace & Defense median
Revenue growth (TTM) — 12.99% 18.43%
EPS growth (last fiscal year) 30.28% 126.85% —
Revenue growth, 5-year CAGR — 26.27% 9.62%
Net income growth, 5-year CAGR 0.00% 16.08% 0.00%

Health

Metric ACHR VVX Aerospace & Defense median
Debt to equity 0.06 0.92 0.24
Current ratio 10.21 1.32 2.72
Net debt to EBITDA 2.62 2.28 1.12

Dividend

Metric ACHR VVX Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric ACHR VVX Aerospace & Defense median
Market cap 4.43b 2.39b 2.52b

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