BlackSky Technology Inc. (BKSY) vs Cass Information Systems, Inc (CASS)

BlackSky Technology Inc. and Cass Information Systems, Inc are both Specialty Business Services companies. BlackSky Technology Inc. is the larger, with a market value of $952.3M against $696.4M — 1.4× the size. BlackSky Technology Inc. has negative trailing earnings, so its P/E is not meaningful; Cass Information Systems, Inc trades at 19.1×. Cass Information Systems, Inc grew revenue faster over the last twelve months: 6.52% against 4.07%. Cass Information Systems, Inc has the higher net margin (17.1% vs −61.2%) and the higher return on invested capital (176.3% vs −16.6%). Across the 19 metrics below, Cass Information Systems, Inc leads on 16 and BlackSky Technology Inc. on 3.

Valuation

Metric BKSY CASS Specialty Business Services median
P/E n/m 19.06 23.86
P/S 8.20 3.22 1.06
P/B 4.22 2.83 2.37
Price to free cash flow n/m 16.54 16.54
EV/EBITDA n/m n/m 11.51
EV/Sales 7.90 2.16 1.51
Earnings yield (7.83%) 5.25% 2.14%
Free cash flow yield (7.79%) 6.05% 1.55%

Profitability

Metric BKSY CASS Specialty Business Services median
Gross margin 69.53% 92.56% 35.31%
Operating margin (43.44%) 0.00% 3.43%
Net margin (61.24%) 17.08% 1.67%
Free cash flow margin (63.86%) 19.49% 3.28%
Return on equity (44.75%) 15.12% 0.58%
Return on assets (16.12%) 1.52% 0.33%
Return on invested capital (16.59%) 176.26% 0.65%

Growth

Metric BKSY CASS Specialty Business Services median
Revenue growth (TTM) 4.07% 6.52% 6.04%
EPS growth (last fiscal year) 21.43% 87.77% —
Revenue growth, 5-year CAGR 38.21% 6.97% 7.66%
Net income growth, 5-year CAGR 0.00% 6.88% 0.00%

Health

Metric BKSY CASS Specialty Business Services median
Debt to equity 1.00 0.00 0.21
Current ratio 5.83 0.61 1.62
Net debt to EBITDA (6.23) 0.00 1.16

Dividend

Metric BKSY CASS Specialty Business Services median
Dividend yield — 2.78% 1.61%
Payout ratio 0.00 0.49 0.00

Size

Metric BKSY CASS Specialty Business Services median
Market cap 952.32m 696.40m 879.14m

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