iLearningEngines, Inc. (AILEQ) vs FatPipe, Inc. (FATN)

iLearningEngines, Inc. and FatPipe, Inc. are both Software Infrastructure companies. FatPipe, Inc. is the larger, with a market value of $77.0M against $59.3M — 1.3× the size. iLearningEngines, Inc. has negative trailing earnings, so its P/E is not meaningful; FatPipe, Inc. trades at 13.4×. FatPipe, Inc. has the higher net margin (26.8% vs 0.00%) and the lower return on invested capital (8.27% vs 16.3%). Across the 13 metrics below, FatPipe, Inc. leads on 8 and iLearningEngines, Inc. on 5.

Valuation

Metric AILEQ FATN Software Infrastructure median
P/E n/m 13.38 28.02
P/S n/m 3.69 3.07
P/B n/m 2.82 3.36
Price to free cash flow n/m n/m 17.12
EV/EBITDA 5.12 19.60 14.91
EV/Sales n/m 3.68 3.03
Earnings yield 0.00% 7.47% 0.13%
Free cash flow yield 0.00% (1.29%) 1.15%

Profitability

Metric AILEQ FATN Software Infrastructure median
Gross margin — 90.68% 61.23%
Operating margin 0.00% 17.18% 0.00%
Net margin 0.00% 26.80% 0.00%
Free cash flow margin 0.00% (4.75%) 1.67%
Return on equity 3,398.50% 23.20% 0.59%
Return on assets (316.53%) 16.12% 0.00%
Return on invested capital 16.25% 8.27% 0.00%

Growth

Metric AILEQ FATN Software Infrastructure median
Revenue growth (TTM) — 23.24% 13.41%
EPS growth (last fiscal year) (143.25%) 130.41% —
Revenue growth, 5-year CAGR — — 15.81%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric AILEQ FATN Software Infrastructure median
Debt to equity 20.27 0.16 0.06
Current ratio 3.40 3.98 1.55
Net debt to EBITDA 0.03 (0.25) 0.08

Dividend

Metric AILEQ FATN Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric AILEQ FATN Software Infrastructure median
Market cap 59.29m 77.00m 835.96m

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