AeroVironment, Inc. (AVAV) vs Karman Holdings Inc. (KRMN)

AeroVironment, Inc. and Karman Holdings Inc. are both Aerospace & Defense companies. AeroVironment, Inc. is the larger, with a market value of $6.3B against $5.2B — 1.2× the size. AeroVironment, Inc. has negative trailing earnings, so its P/E is not meaningful; Karman Holdings Inc. trades at 136×. AeroVironment, Inc. grew revenue faster over the last twelve months: 84.4% against 50.2%. Karman Holdings Inc. has the higher net margin (6.31% vs −10.1%) and the higher return on invested capital (5.09% vs −3.47%). Across the 18 metrics below, AeroVironment, Inc. leads on 9 and Karman Holdings Inc. on 9.

Valuation

Metric AVAV KRMN Aerospace & Defense median
P/E n/m 136.03 31.60
P/S 3.08 8.87 3.36
P/B 1.40 12.42 2.99
Price to free cash flow n/m n/m 33.23
EV/EBITDA 28.45 38.62 19.00
EV/Sales 3.16 10.22 3.37
Earnings yield (3.29%) 0.74% 0.90%
Free cash flow yield (0.75%) (0.52%) 0.00%

Profitability

Metric AVAV KRMN Aerospace & Defense median
Gross margin 26.47% 41.67% 25.95%
Operating margin (12.61%) 16.82% 1.21%
Net margin (10.13%) 6.31% 2.11%
Free cash flow margin (2.24%) (4.63%) 0.00%
Return on equity (4.60%) 9.50% 2.67%
Return on assets (3.57%) 3.10% 1.90%
Return on invested capital (3.47%) 5.09% 0.25%

Growth

Metric AVAV KRMN Aerospace & Defense median
Revenue growth (TTM) 84.44% 50.23% 18.25%
EPS growth (last fiscal year) (448.39%) 62.50% 24.80%
Revenue growth, 5-year CAGR 38.00% — 9.73%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric AVAV KRMN Aerospace & Defense median
Debt to equity 0.17 2.01 0.18
Current ratio 4.26 3.56 2.85
Net debt to EBITDA 0.47 4.60 1.29

Dividend

Metric AVAV KRMN Aerospace & Defense median
Dividend yield — — 0.87%
Payout ratio — — 0.30

Size

Metric AVAV KRMN Aerospace & Defense median
Market cap 6.28b 5.24b 1.94b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack