Better Home & Finance Holding Company (BETR) vs Beeline Holdings, Inc. (BLNE)

Better Home & Finance Holding Company and Beeline Holdings, Inc. are both Mortgage Finance companies. Better Home & Finance Holding Company is the larger, with a market value of $206.1M against $33.5M — 6.2× the size. Better Home & Finance Holding Company has negative trailing earnings, so its P/E is not meaningful; Beeline Holdings, Inc. trades at 0.4×. Beeline Holdings, Inc. grew revenue faster over the last twelve months: 142.3% against 57.8%. Better Home & Finance Holding Company has the higher net margin (−75.7% vs −227.8%) and the higher return on invested capital (0.00% vs −26.2%). Across the 16 metrics below, Better Home & Finance Holding Company leads on 8 and Beeline Holdings, Inc. on 8.

Valuation

Metric BETR BLNE Mortgage Finance median
P/E n/m 0.41 7.11
P/S 0.82 2.75 1.54
P/B 3.37 0.55 0.53
Price to free cash flow n/m n/m 6.59
EV/EBITDA n/m n/m 22.03
EV/Sales 0.35 3.14 5.95
Earnings yield (105.45%) 244.81% 2.09%
Free cash flow yield (85.05%) (62.97%) (16.97%)

Profitability

Metric BETR BLNE Mortgage Finance median
Gross margin 81.25% 100.00% 84.40%
Operating margin 0.00% (202.06%) 12.51%
Net margin (75.73%) (227.79%) (0.83%)
Free cash flow margin (69.77%) (173.13%) (45.06%)
Return on equity (267.67%) (43.69%) (1.16%)
Return on assets (12.97%) (35.23%) 0.38%
Return on invested capital 0.00% (26.21%) 0.36%

Growth

Metric BETR BLNE Mortgage Finance median
Revenue growth (TTM) 57.78% 142.33% 11.44%
EPS growth (last fiscal year) 20.88% 95.22% —
Revenue growth, 5-year CAGR — (11.12%) (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BETR BLNE Mortgage Finance median
Debt to equity 0.00 0.00 1.22
Current ratio 0.91 1.07 1.38
Net debt to EBITDA 0.00 0.22 9.85

Dividend

Metric BETR BLNE Mortgage Finance median
Dividend yield — — 5.81%
Payout ratio 0.00 0.00 0.00

Size

Metric BETR BLNE Mortgage Finance median
Market cap 206.08m 33.45m 214.95m

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