PowerFleet, Inc. (AIOT) vs Bakkt Holdings, Inc. (BKKT)

PowerFleet, Inc. and Bakkt Holdings, Inc. are both Software Infrastructure companies. PowerFleet, Inc. and Bakkt Holdings, Inc. are of similar size ($398.0M and $379.9M). PowerFleet, Inc. grew revenue faster over the last twelve months: 15.1% against −70.0%. Bakkt Holdings, Inc. has the higher net margin (−2.78% vs −4.16%) and the lower return on invested capital (−31.5% vs 2.03%). Across the 18 metrics below, PowerFleet, Inc. leads on 11 and Bakkt Holdings, Inc. on 7.

Valuation

Metric AIOT BKKT Software Infrastructure median
P/E n/m n/m 28.02
P/S 0.83 0.31 3.07
P/B 0.78 0.99 3.36
Price to free cash flow n/m n/m 17.12
EV/EBITDA 7.32 n/m 14.91
EV/Sales 1.34 0.29 3.03
Earnings yield (5.00%) (80.32%) 0.13%
Free cash flow yield (0.79%) (24.96%) 1.15%

Profitability

Metric AIOT BKKT Software Infrastructure median
Gross margin 55.74% 1.30% 61.23%
Operating margin 4.86% (13.70%) 0.00%
Net margin (4.16%) (2.78%) 0.00%
Free cash flow margin (0.66%) (7.84%) 1.67%
Return on equity (3.98%) (15.04%) 0.59%
Return on assets (1.98%) (10.44%) 0.00%
Return on invested capital 2.03% (31.48%) 0.00%

Growth

Metric AIOT BKKT Software Infrastructure median
Revenue growth (TTM) 15.14% (69.95%) 13.41%
EPS growth (last fiscal year) 65.12% (11.29%) —
Revenue growth, 5-year CAGR 31.33% 141.39% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AIOT BKKT Software Infrastructure median
Debt to equity 0.48 0.00 0.06
Current ratio 1.10 3.14 1.55
Net debt to EBITDA 2.36 0.19 0.08

Dividend

Metric AIOT BKKT Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric AIOT BKKT Software Infrastructure median
Market cap 379.86m 397.96m 835.96m

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