ATI Inc. (ATI) vs CompoSecure, Inc. (GPGI)

ATI Inc. and CompoSecure, Inc. are both Metal Fabrication companies. ATI Inc. is the larger, with a market value of $22.9B against $4.0B — 5.8× the size. CompoSecure, Inc. has negative trailing earnings, so its P/E is not meaningful; ATI Inc. trades at 41.3×. ATI Inc. grew revenue faster over the last twelve months: 9.39% against −34.6%. ATI Inc. has the higher net margin (11.1% vs 0.00%) and the higher return on invested capital (14.6% vs −1.62%). Across the 18 metrics below, ATI Inc. leads on 15 and CompoSecure, Inc. on 3.

Valuation

Metric ATI GPGI Metal Fabrication median
P/E 41.32 n/m 18.21
P/S 4.60 14.20 1.14
P/B 10.82 1.20 1.75
Price to free cash flow 52.65 n/m 24.69
EV/EBITDA 24.39 n/m 14.24
EV/Sales 4.88 14.90 1.83
Earnings yield 2.42% (14.79%) 2.37%
Free cash flow yield 1.90% (1.85%) 2.06%

Profitability

Metric ATI GPGI Metal Fabrication median
Gross margin 24.46% 51.04% 21.63%
Operating margin 16.48% 0.00% 4.86%
Net margin 11.08% 0.00% 4.13%
Free cash flow margin 8.74% 0.00% 3.13%
Return on equity 28.08% (20.62%) 0.67%
Return on assets 10.51% (16.73%) 1.56%
Return on invested capital 14.56% (1.62%) 2.90%

Growth

Metric ATI GPGI Metal Fabrication median
Revenue growth (TTM) 9.39% (34.58%) 11.38%
EPS growth (last fiscal year) 11.76% (0.82%) 31.26%
Revenue growth, 5-year CAGR 9.00% (25.50%) 5.71%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATI GPGI Metal Fabrication median
Debt to equity 0.87 0.00 0.30
Current ratio 2.77 1.14 2.05
Net debt to EBITDA 1.65 9.53 1.67

Dividend

Metric ATI GPGI Metal Fabrication median
Dividend yield — 0.07% 1.24%
Payout ratio — — 0.15

Size

Metric ATI GPGI Metal Fabrication median
Market cap 22.86b 3.95b 1.07b

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