Ameresco, Inc. (AMRC) vs Exponent, Inc. (EXPO)

Ameresco, Inc. and Exponent, Inc. are both Engineering & Construction companies. Exponent, Inc. is the larger, with a market value of $3.1B against $1.2B — 2.7× the size. Exponent, Inc. trades at the lower P/E: 28.8× against 40.5×. Exponent, Inc. grew revenue faster over the last twelve months: 12.8% against 8.89%. Exponent, Inc. has the higher net margin (17.7% vs 1.40%) and the higher return on invested capital (35.9% vs 2.76%). Across the 21 metrics below, Exponent, Inc. leads on 16 and Ameresco, Inc. on 5.

Valuation

Metric AMRC EXPO Engineering & Construction median
P/E 40.53 28.78 28.59
P/S 0.56 4.95 1.15
P/B 0.84 10.84 3.96
Price to free cash flow n/m 28.82 25.24
EV/EBITDA 11.14 22.22 14.87
EV/Sales 1.42 4.84 1.42
Earnings yield 2.47% 3.47% 2.47%
Free cash flow yield (9.20%) 3.47% 1.91%

Profitability

Metric AMRC EXPO Engineering & Construction median
Gross margin 16.13% 89.67% 18.76%
Operating margin 6.72% 20.17% 6.26%
Net margin 1.40% 17.67% 2.23%
Free cash flow margin (5.13%) 17.16% 1.83%
Return on equity 2.34% 31.20% 7.90%
Return on assets 0.62% 15.83% 0.87%
Return on invested capital 2.76% 35.92% 2.52%

Growth

Metric AMRC EXPO Engineering & Construction median
Revenue growth (TTM) 8.89% 12.84% 16.67%
EPS growth (last fiscal year) (22.43%) (1.90%) —
Revenue growth, 5-year CAGR 13.36% 7.79% 11.76%
Net income growth, 5-year CAGR (3.91%) 5.13% 0.00%

Health

Metric AMRC EXPO Engineering & Construction median
Debt to equity 1.45 0.00 0.40
Current ratio 1.67 1.98 1.39
Net debt to EBITDA 7.35 (1.71) 0.38

Dividend

Metric AMRC EXPO Engineering & Construction median
Dividend yield — 1.42% 0.65%
Payout ratio 0.00 0.51 0.00

Size

Metric AMRC EXPO Engineering & Construction median
Market cap 1.15b 3.06b 1.31b

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