AIRO Group Holdings, Inc. (AIRO) vs Coda Octopus Group Inc. (CODA)

AIRO Group Holdings, Inc. and Coda Octopus Group Inc. are both Aerospace & Defense companies. AIRO Group Holdings, Inc. is the larger, with a market value of $173.2M against $111.9M — 1.5× the size. AIRO Group Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 22.6×. AIRO Group Holdings, Inc. grew revenue faster over the last twelve months: 52.8% against 17.5%. Coda Octopus Group Inc. has the higher net margin (17.6% vs −23.9%) and the higher return on invested capital (11.6% vs −1.93%). Across the 17 metrics below, Coda Octopus Group Inc. leads on 12 and AIRO Group Holdings, Inc. on 5.

Valuation

Metric AIRO CODA Aerospace & Defense median
P/E n/m 22.57 31.81
P/S 1.56 3.92 3.55
P/B 0.23 1.79 2.59
Price to free cash flow n/m 19.70 31.99
EV/EBITDA n/m 11.29 18.08
EV/Sales 1.34 2.82 3.37
Earnings yield (17.33%) 4.43% 1.38%
Free cash flow yield (34.12%) 5.08% 0.21%

Profitability

Metric AIRO CODA Aerospace & Defense median
Gross margin 58.61% 66.11% 25.48%
Operating margin (20.16%) 20.08% 4.54%
Net margin (23.86%) 17.63% 2.22%
Free cash flow margin (53.37%) 19.88% 1.43%
Return on equity (3.64%) 8.41% 6.43%
Return on assets (3.38%) 7.71% 2.70%
Return on invested capital (1.93%) 11.57% 1.56%

Growth

Metric AIRO CODA Aerospace & Defense median
Revenue growth (TTM) 52.76% 17.48% 18.43%
EPS growth (last fiscal year) 92.80% 15.62% 24.27%
Revenue growth, 5-year CAGR — 5.79% 9.73%
Net income growth, 5-year CAGR — 4.31% 0.00%

Health

Metric AIRO CODA Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 2.87 10.06 2.72
Net debt to EBITDA 4.43 (4.84) 1.12

Dividend

Metric AIRO CODA Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric AIRO CODA Aerospace & Defense median
Market cap 173.24m 111.93m 2.19b

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