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 $150.8M against $90.7M — 1.7× the size. AIRO Group Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 18.5×. 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 18.55 28.48
P/S 1.42 3.22 2.95
P/B 0.21 1.47 2.68
Price to free cash flow n/m 16.19 31.70
EV/EBITDA n/m 8.50 16.85
EV/Sales 1.19 2.12 2.74
Earnings yield (19.10%) 5.39% 0.89%
Free cash flow yield (37.60%) 6.18% 0.00%

Profitability

Metric AIRO CODA Aerospace & Defense median
Gross margin 58.61% 66.11% 26.41%
Operating margin (20.16%) 20.08% 3.69%
Net margin (23.86%) 17.63% 2.74%
Free cash flow margin (53.37%) 19.88% 0.00%
Return on equity (3.64%) 8.41% 4.44%
Return on assets (3.38%) 7.71% 1.90%
Return on invested capital (1.93%) 11.57% 0.26%

Growth

Metric AIRO CODA Aerospace & Defense median
Revenue growth (TTM) 52.76% 17.48% 18.03%
EPS growth (last fiscal year) 92.80% 15.62% 24.80%
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 0.20
Current ratio 2.87 10.06 2.85
Net debt to EBITDA 4.43 (4.84) 1.29

Dividend

Metric AIRO CODA Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric AIRO CODA Aerospace & Defense median
Market cap 150.83m 90.72m 1.78b

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