AIRO Group Holdings, Inc. (AIRO) vs New Horizon Aircraft Ltd. (HOVR)

AIRO Group Holdings, Inc. and New Horizon Aircraft Ltd. are both Aerospace & Defense companies. AIRO Group Holdings, Inc. is the larger, with a market value of $173.2M against $94.7M — 1.8× the size. New Horizon Aircraft Ltd. has the higher net margin (0.00% vs −23.9%) and the higher return on invested capital (0.00% vs −1.93%). Across the 13 metrics below, New Horizon Aircraft Ltd. leads on 8 and AIRO Group Holdings, Inc. on 5.

Valuation

Metric AIRO HOVR Aerospace & Defense median
P/E n/m n/m 31.81
P/S 1.56 n/m 3.55
P/B 0.23 2.07 2.59
Price to free cash flow n/m n/m 31.99
EV/EBITDA n/m n/m 18.08
EV/Sales 1.34 n/m 3.37
Earnings yield (17.33%) (29.71%) 1.38%
Free cash flow yield (34.12%) (18.17%) 0.21%

Profitability

Metric AIRO HOVR Aerospace & Defense median
Gross margin 58.61% — 25.48%
Operating margin (20.16%) 0.00% 4.54%
Net margin (23.86%) 0.00% 2.22%
Free cash flow margin (53.37%) 0.00% 1.43%
Return on equity (3.64%) (80.54%) 6.43%
Return on assets (3.38%) (57.33%) 2.70%
Return on invested capital (1.93%) 0.00% 1.56%

Growth

Metric AIRO HOVR Aerospace & Defense median
Revenue growth (TTM) 52.76% — 18.43%
EPS growth (last fiscal year) 92.80% (566.67%) 24.27%
Revenue growth, 5-year CAGR — — 9.73%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AIRO HOVR Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 2.87 30.19 2.72
Net debt to EBITDA 4.43 3.38 1.12

Dividend

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

Size

Metric AIRO HOVR Aerospace & Defense median
Market cap 173.24m 94.65m 2.19b

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