Corsair Gaming, Inc. (CRSR) vs Rigetti Computing, Inc. (RGTI)

Corsair Gaming, Inc. and Rigetti Computing, Inc. are both Computer Hardware companies. Rigetti Computing, Inc. is the larger, with a market value of $5.5B against $1.5B — 3.8× the size. Rigetti Computing, Inc. has negative trailing earnings, so its P/E is not meaningful; Corsair Gaming, Inc. trades at 40.8×. Rigetti Computing, Inc. grew revenue faster over the last twelve months: 68.5% against 3.11%. Corsair Gaming, Inc. has the higher net margin (2.79% vs −1,787.4%) and the higher return on invested capital (4.52% vs −42.3%). Across the 17 metrics below, Corsair Gaming, Inc. leads on 13 and Rigetti Computing, Inc. on 4.

Valuation

Metric CRSR RGTI Computer Hardware median
P/E 40.75 n/m 20.64
P/S 1.01 415.74 2.95
P/B 2.21 10.33 2.78
Price to free cash flow 16.35 n/m 25.64
EV/EBITDA 14.44 n/m 20.51
EV/Sales 0.96 387.25 3.48
Earnings yield 2.45% (4.44%) (4.08%)
Free cash flow yield 6.12% (1.58%) (2.90%)

Profitability

Metric CRSR RGTI Computer Hardware median
Gross margin 31.55% 34.61% 37.84%
Operating margin 2.94% (727.62%) (0.80%)
Net margin 2.79% (1,787.40%) (14.15%)
Free cash flow margin 6.18% (655.90%) 0.00%
Return on equity 6.38% (43.77%) (2.10%)
Return on assets 3.32% (37.15%) (0.42%)
Return on invested capital 4.52% (42.25%) 0.00%

Growth

Metric CRSR RGTI Computer Hardware median
Revenue growth (TTM) 3.11% 68.49% 27.21%
EPS growth (last fiscal year) 87.37% 35.78% —
Revenue growth, 5-year CAGR (2.86%) — 0.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CRSR RGTI Computer Hardware median
Debt to equity 0.18 0.00 0.00
Current ratio 1.75 3.94 2.76
Net debt to EBITDA 0.40 5.13 0.46

Dividend

Metric CRSR RGTI Computer Hardware median
Dividend yield — — 2.47%
Payout ratio 0.00 0.00 0.00

Size

Metric CRSR RGTI Computer Hardware median
Market cap 1.47b 5.52b 462.08m

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