BlackSky Technology Inc. (BKSY) vs Quad Graphics, Inc (QUAD)

BlackSky Technology Inc. and Quad Graphics, Inc are both Specialty Business Services companies. BlackSky Technology Inc. is the larger, with a market value of $952.3M against $476.9M — 2.0× the size. BlackSky Technology Inc. has negative trailing earnings, so its P/E is not meaningful; Quad Graphics, Inc trades at 14.5×. BlackSky Technology Inc. grew revenue faster over the last twelve months: 4.07% against −8.02%. Quad Graphics, Inc has the higher net margin (1.31% vs −61.2%) and the higher return on invested capital (11.6% vs −16.6%). Across the 18 metrics below, Quad Graphics, Inc leads on 12 and BlackSky Technology Inc. on 6.

Valuation

Metric BKSY QUAD Specialty Business Services median
P/E n/m 14.51 23.86
P/S 8.20 0.19 1.06
P/B 4.22 3.63 2.37
Price to free cash flow n/m 5.51 16.54
EV/EBITDA n/m 5.03 11.51
EV/Sales 7.90 0.36 1.51
Earnings yield (7.83%) 6.89% 2.14%
Free cash flow yield (7.79%) 18.14% 1.55%

Profitability

Metric BKSY QUAD Specialty Business Services median
Gross margin 69.53% 21.64% 35.31%
Operating margin (43.44%) 4.05% 3.43%
Net margin (61.24%) 1.31% 1.67%
Free cash flow margin (63.86%) 3.45% 3.28%
Return on equity (44.75%) 29.48% 0.58%
Return on assets (16.12%) 2.56% 0.33%
Return on invested capital (16.59%) 11.61% 0.65%

Growth

Metric BKSY QUAD Specialty Business Services median
Revenue growth (TTM) 4.07% (8.02%) 6.04%
EPS growth (last fiscal year) 21.43% 150.47% —
Revenue growth, 5-year CAGR 38.21% (3.75%) 7.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BKSY QUAD Specialty Business Services median
Debt to equity 1.00 3.21 0.21
Current ratio 5.83 0.87 1.62
Net debt to EBITDA (6.23) 1.73 1.16

Dividend

Metric BKSY QUAD Specialty Business Services median
Dividend yield — — 1.61%
Payout ratio 0.00 0.00 0.00

Size

Metric BKSY QUAD Specialty Business Services median
Market cap 952.32m 476.88m 879.14m

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