Bakkt Holdings, Inc. (BKKT) vs ZenaTech, Inc. (ZENA)

Bakkt Holdings, Inc. and ZenaTech, Inc. are both Software Infrastructure companies. Bakkt Holdings, Inc. is the larger, with a market value of $265.9M against $225.5M — 1.2× the size. Bakkt Holdings, Inc. has the higher net margin (−2.78% vs −277.6%) and the higher return on invested capital (−31.5% vs −48.6%). Across the 16 metrics below, Bakkt Holdings, Inc. leads on 13 and ZenaTech, Inc. on 3.

Valuation

Metric BKKT ZENA Software Infrastructure median
P/E n/m n/m 28.38
P/S 0.21 4.77 2.98
P/B 0.65 13.46 2.93
Price to free cash flow n/m n/m 16.28
EV/EBITDA n/m n/m 13.92
EV/Sales 0.18 3.79 2.90
Earnings yield (122.13%) (91.45%) 0.14%
Free cash flow yield (37.96%) (60.85%) 1.24%

Profitability

Metric BKKT ZENA Software Infrastructure median
Gross margin 1.30% 100.00% 61.00%
Operating margin (13.70%) (214.59%) 0.00%
Net margin (2.78%) (277.61%) 0.00%
Free cash flow margin (7.84%) (290.52%) 1.67%
Return on equity (15.04%) 637.27% 0.60%
Return on assets (10.44%) (73.58%) 0.00%
Return on invested capital (31.48%) (48.56%) 0.00%

Growth

Metric BKKT ZENA Software Infrastructure median
Revenue growth (TTM) (69.95%) — 13.41%
EPS growth (last fiscal year) (11.29%) (327.27%) 27.10%
Revenue growth, 5-year CAGR 141.39% — 15.57%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BKKT ZENA Software Infrastructure median
Debt to equity 0.00 0.24 0.05
Current ratio 3.14 1.72 1.55
Net debt to EBITDA 0.19 0.30 0.08

Dividend

Metric BKKT ZENA Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric BKKT ZENA Software Infrastructure median
Market cap 265.91m 225.50m 752.37m

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