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 $878.5M — 4.4× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Brady Corporation trades at 19.0×. 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 18.97 n/m 23.60
P/S 2.35 4.93 1.32
P/B 2.87 7.11 2.31
Price to free cash flow 20.26 n/m 20.60
EV/EBITDA 12.26 n/m 12.26
EV/Sales 2.27 4.78 2.18
Earnings yield 5.27% (0.64%) 3.08%
Free cash flow yield 4.94% (0.66%) 2.35%

Profitability

Metric BRC EVLV Security & Protection Services median
Gross margin 51.75% 49.86% 38.10%
Operating margin 15.86% (20.77%) 9.25%
Net margin 12.36% (3.05%) 3.30%
Free cash flow margin 11.59% (3.23%) 1.45%
Return on equity 16.11% (4.94%) 8.77%
Return on assets 11.45% (1.79%) 1.21%
Return on invested capital 13.89% (26.42%) 2.40%

Growth

Metric BRC EVLV Security & Protection Services median
Revenue growth (TTM) 9.78% 41.67% 6.48%
EPS growth (last fiscal year) 9.14% 41.18% 35.69%
Revenue growth, 5-year CAGR 7.74% 98.08% 7.09%
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 1.83
Net debt to EBITDA (0.56) 1.68 1.55

Dividend

Metric BRC EVLV Security & Protection Services median
Dividend yield 1.19% — 1.40%
Payout ratio 0.23 — 0.30

Size

Metric BRC EVLV Security & Protection Services median
Market cap 3.89b 878.46m 390.99m

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