AIRO Group Holdings, Inc. (AIRO) vs Merlin Inc (MRLN)

AIRO Group Holdings, Inc. and Merlin Inc are both Aerospace & Defense companies. AIRO Group Holdings, Inc. is the larger, with a market value of $228.5M against $181.8M — 1.3× the size. AIRO Group Holdings, Inc. has the higher net margin (−23.9% vs −3,463.5%) and the lower return on invested capital (−1.93% vs 0.00%). Across the 15 metrics below, AIRO Group Holdings, Inc. leads on 10 and Merlin Inc on 5.

Valuation

Metric AIRO MRLN Aerospace & Defense median
P/E n/m n/m 33.00
P/S 2.14 25.34 3.63
P/B 0.32 n/m 3.24
Price to free cash flow n/m n/m 34.01
EV/EBITDA n/m n/m 18.69
EV/Sales 1.91 4.17 3.94
Earnings yield (12.69%) (154.73%) 1.31%
Free cash flow yield (24.98%) (37.53%) 0.00%

Profitability

Metric AIRO MRLN Aerospace & Defense median
Gross margin 58.61% 26.34% 25.48%
Operating margin (20.16%) (1,156.90%) 4.54%
Net margin (23.86%) (3,463.45%) 2.22%
Free cash flow margin (53.37%) (951.07%) 0.00%
Return on equity (3.64%) 0.00% 6.43%
Return on assets (3.38%) (239.99%) 2.70%
Return on invested capital (1.93%) 0.00% 1.56%

Growth

Metric AIRO MRLN Aerospace & Defense median
Revenue growth (TTM) 52.76% — 18.43%
EPS growth (last fiscal year) 92.80% 85.03% —
Revenue growth, 5-year CAGR — — 9.62%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric AIRO MRLN Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 2.87 14.67 2.72
Net debt to EBITDA 4.43 0.24 1.12

Dividend

Metric AIRO MRLN Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio — — 0.00

Size

Metric AIRO MRLN Aerospace & Defense median
Market cap 228.47m 181.77m 2.52b

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