APi Group Corporation (APG) vs Comfort Systems USA, Inc. (FIX)

APi Group Corporation and Comfort Systems USA, Inc. are both Engineering & Construction companies. Comfort Systems USA, Inc. is the larger, with a market value of $58.3B against $16.5B — 3.5× the size. APi Group Corporation has negative trailing earnings, so its P/E is not meaningful; Comfort Systems USA, Inc. trades at 40.7×. Comfort Systems USA, Inc. grew revenue faster over the last twelve months: 46.1% against 14.1%. Comfort Systems USA, Inc. has the higher net margin (12.8% vs −2.94%) and the higher return on invested capital (81.6% vs 6.11%). Across the 21 metrics below, Comfort Systems USA, Inc. leads on 13 and APi Group Corporation on 8.

Valuation

Metric APG FIX Engineering & Construction median
P/E n/m 40.67 28.59
P/S 1.97 5.19 1.15
P/B 4.74 18.12 3.96
Price to free cash flow 23.86 28.43 25.24
EV/EBITDA 20.47 28.17 14.87
EV/Sales 2.29 5.03 1.42
Earnings yield (1.72%) 2.46% 2.47%
Free cash flow yield 4.19% 3.52% 1.91%

Profitability

Metric APG FIX Engineering & Construction median
Gross margin 31.44% 25.66% 18.76%
Operating margin 7.17% 16.47% 6.26%
Net margin (2.94%) 12.78% 2.23%
Free cash flow margin 8.27% 19.27% 1.83%
Return on equity (7.42%) 55.29% 7.90%
Return on assets (2.68%) 21.17% 0.87%
Return on invested capital 6.11% 81.59% 2.52%

Growth

Metric APG FIX Engineering & Construction median
Revenue growth (TTM) 14.09% 46.11% 16.67%
EPS growth (last fiscal year) (23.21%) 97.81% —
Revenue growth, 5-year CAGR 17.14% 26.08% 11.76%
Net income growth, 5-year CAGR 0.00% 46.77% 0.00%

Health

Metric APG FIX Engineering & Construction median
Debt to equity 1.00 0.02 0.40
Current ratio 1.39 1.21 1.39
Net debt to EBITDA 2.10 (0.57) 0.38

Dividend

Metric APG FIX Engineering & Construction median
Dividend yield — 0.36% 0.65%
Payout ratio 0.00 0.10 0.00

Size

Metric APG FIX Engineering & Construction median
Market cap 16.50b 58.25b 1.31b

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