Aterian, Inc. (ATER) vs XMax Inc. (XMAX)

Aterian, Inc. and XMax Inc. are both Furnishings Fixtures & Appliances companies. XMax Inc. is the larger, with a market value of $324.4M against $219.8M — 1.5× the size. Aterian, Inc. has negative trailing earnings, so its P/E is not meaningful; XMax Inc. trades at 11.6×. XMax Inc. grew revenue faster over the last twelve months: 63.5% against −60.1%. XMax Inc. has the higher net margin (185.9% vs −49.3%) and the higher return on invested capital (−2.67% vs −112.7%). Across the 18 metrics below, XMax Inc. leads on 11 and Aterian, Inc. on 7.

Valuation

Metric ATER XMAX Furnishings Fixtures & Appliances median
P/E n/m 11.60 15.05
P/S 0.21 19.16 0.57
P/B 0.57 2.89 1.15
Price to free cash flow n/m n/m 10.12
EV/EBITDA n/m n/m 7.61
EV/Sales 0.88 17.33 0.68
Earnings yield (251.90%) 8.62% 3.17%
Free cash flow yield (35.87%) (3.87%) 7.12%

Profitability

Metric ATER XMAX Furnishings Fixtures & Appliances median
Gross margin 114.31% 22.86% 37.63%
Operating margin (53.31%) (20.51%) 2.99%
Net margin (49.30%) 185.87% 2.29%
Free cash flow margin (7.60%) (28.07%) 4.26%
Return on equity (91.31%) 52.87% 7.66%
Return on assets (48.88%) 44.95% 2.30%
Return on invested capital (112.68%) (2.67%) 3.70%

Growth

Metric ATER XMAX Furnishings Fixtures & Appliances median
Revenue growth (TTM) (60.10%) 63.54% 1.07%
EPS growth (last fiscal year) (42.26%) 88.51% (6.04%)
Revenue growth, 5-year CAGR (17.97%) 8.06% 0.50%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATER XMAX Furnishings Fixtures & Appliances median
Debt to equity 0.00 0.05 0.06
Current ratio 2.13 28.80 2.00
Net debt to EBITDA 0.36 1.82 0.21

Dividend

Metric ATER XMAX Furnishings Fixtures & Appliances median
Dividend yield — — 2.87%
Payout ratio — — 0.51

Size

Metric ATER XMAX Furnishings Fixtures & Appliances median
Market cap 219.81m 324.38m 228.02m

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