Brady Corporation (BRC) vs Evolv Technologies Holdings, Inc. (EVLV)

Brady Corporation and Evolv Technologies Holdings, Inc. are both Security & Protection Services companies. Brady Corporation is the larger, with a market value of $3.9B against $887.5M — 4.4× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Brady Corporation trades at 19.3×. Evolv Technologies Holdings, Inc. grew revenue faster over the last twelve months: 41.7% against 9.78%. Brady Corporation has the higher net margin (12.4% vs −3.05%) and the higher return on invested capital (13.9% vs −26.4%). Across the 19 metrics below, Brady Corporation leads on 16 and Evolv Technologies Holdings, Inc. on 3.

Valuation

Metric BRC EVLV Security & Protection Services median
P/E 19.31 n/m 21.88
P/S 2.39 5.03 1.21
P/B 2.93 7.26 2.21
Price to free cash flow 20.62 n/m 20.62
EV/EBITDA 12.37 n/m 12.37
EV/Sales 2.30 4.84 1.86
Earnings yield 5.18% (0.63%) 3.67%
Free cash flow yield 4.85% (0.64%) 1.13%

Profitability

Metric BRC EVLV Security & Protection Services median
Gross margin 51.75% 49.86% 41.45%
Operating margin 15.86% (20.77%) 8.06%
Net margin 12.36% (3.05%) 3.72%
Free cash flow margin 11.59% (3.23%) 1.45%
Return on equity 16.11% (4.94%) 9.87%
Return on assets 11.45% (1.79%) 2.54%
Return on invested capital 13.89% (26.42%) 3.11%

Growth

Metric BRC EVLV Security & Protection Services median
Revenue growth (TTM) 9.78% 41.67% 5.96%
EPS growth (last fiscal year) 9.14% 41.18% —
Revenue growth, 5-year CAGR 7.74% 98.08% 7.35%
Net income growth, 5-year CAGR 9.64% 0.00% 0.00%

Health

Metric BRC EVLV Security & Protection Services median
Debt to equity 0.01 0.24 0.20
Current ratio 1.94 1.18 1.93
Net debt to EBITDA (0.56) 1.68 1.55

Dividend

Metric BRC EVLV Security & Protection Services median
Dividend yield 1.53% — 1.53%
Payout ratio 0.26 0.00 0.00

Size

Metric BRC EVLV Security & Protection Services median
Market cap 3.88b 887.52m 395.79m

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