Angel Studios, Inc. (ANGX) vs Reservoir Media, Inc. (RSVR)

Angel Studios, Inc. and Reservoir Media, Inc. are both Entertainment companies. Angel Studios, Inc. is the larger, with a market value of $915.1M against $625.7M — 1.5× the size. Angel Studios, Inc. has negative trailing earnings, so its P/E is not meaningful; Reservoir Media, Inc. trades at 73.0×. Angel Studios, Inc. grew revenue faster over the last twelve months: 78.5% against 11.4%. Reservoir Media, Inc. has the higher net margin (4.87% vs −37.5%) and the higher return on invested capital (2.89% vs 0.00%). Across the 17 metrics below, Reservoir Media, Inc. leads on 10 and Angel Studios, Inc. on 7.

Valuation

Metric ANGX RSVR Entertainment median
P/E n/m 73.00 22.03
P/S 2.14 3.47 1.47
P/B n/m 1.65 2.00
Price to free cash flow n/m 14.79 16.60
EV/EBITDA n/m 14.97 9.65
EV/Sales 2.16 5.96 1.76
Earnings yield (19.38%) 1.37% (0.67%)
Free cash flow yield (6.50%) 6.76% 3.26%

Profitability

Metric ANGX RSVR Entertainment median
Gross margin 57.94% 64.67% 45.02%
Operating margin (31.54%) 21.20% 2.30%
Net margin (37.50%) 4.87% 0.00%
Free cash flow margin (13.20%) 23.44% 1.56%
Return on equity 784.88% 2.34% 0.00%
Return on assets (131.41%) 0.97% 0.00%
Return on invested capital 0.00% 2.89% 0.00%

Growth

Metric ANGX RSVR Entertainment median
Revenue growth (TTM) 78.45% 11.41% 5.07%
EPS growth (last fiscal year) (71.63%) 8.33% —
Revenue growth, 5-year CAGR — 10.25% 10.25%
Net income growth, 5-year CAGR 0.00% (6.94%) 0.00%

Health

Metric ANGX RSVR Entertainment median
Debt to equity (1.95) 1.22 0.46
Current ratio 0.65 1.31 0.86
Net debt to EBITDA 0.02 6.08 0.72

Dividend

Metric ANGX RSVR Entertainment median
Dividend yield — — 1.16%
Payout ratio 0.00 0.00 0.00

Size

Metric ANGX RSVR Entertainment median
Market cap 915.11m 625.68m 1.87b

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