BETA Technologies, Inc. (BETA) vs VSE Corporation (VSEC)

BETA Technologies, Inc. and VSE Corporation are both Aerospace & Defense companies. BETA Technologies, Inc. and VSE Corporation are of similar size ($5.5B and $5.1B). BETA Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; VSE Corporation trades at 57.6×. VSE Corporation has the higher net margin (5.53% vs −2,343.9%) and the higher return on invested capital (2.04% vs −101.7%). Across the 16 metrics below, VSE Corporation leads on 13 and BETA Technologies, Inc. on 3.

Valuation

Metric BETA VSEC Aerospace & Defense median
P/E n/m 57.59 33.00
P/S 123.38 4.13 3.63
P/B 3.43 1.91 3.24
Price to free cash flow n/m n/m 34.01
EV/EBITDA n/m 35.43 18.69
EV/Sales 94.30 4.78 3.94
Earnings yield (54.59%) 1.74% 1.31%
Free cash flow yield (7.61%) (0.02%) 0.00%

Profitability

Metric BETA VSEC Aerospace & Defense median
Gross margin 60.06% 15.62% 25.48%
Operating margin (1,129.31%) 9.15% 4.54%
Net margin (2,343.89%) 5.53% 2.22%
Free cash flow margin (939.05%) (0.08%) 0.00%
Return on equity (328.55%) 3.84% 6.43%
Return on assets (108.72%) 2.50% 2.70%
Return on invested capital (101.73%) 2.04% 1.56%

Growth

Metric BETA VSEC Aerospace & Defense median
Revenue growth (TTM) — 41.55% 18.43%
EPS growth (last fiscal year) (110.89%) 24.14% —
Revenue growth, 5-year CAGR — 10.95% 9.62%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BETA VSEC Aerospace & Defense median
Debt to equity 0.11 0.32 0.24
Current ratio 14.47 3.77 2.72
Net debt to EBITDA 4.36 1.71 1.12

Dividend

Metric BETA VSEC Aerospace & Defense median
Dividend yield — 0.59% 1.04%
Payout ratio — 0.15 0.00

Size

Metric BETA VSEC Aerospace & Defense median
Market cap 5.52b 5.06b 2.52b

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