Dragonfly Energy Holdings Corp. (DFLI) vs ESS Tech, Inc. (GWH)

Dragonfly Energy Holdings Corp. and ESS Tech, Inc. are both Electrical Equipment & Parts companies. Dragonfly Energy Holdings Corp. and ESS Tech, Inc. are of similar size ($14.1M and $13.7M). Dragonfly Energy Holdings Corp. grew revenue faster over the last twelve months: −4.85% against −119.0%. ESS Tech, Inc. has the higher net margin (5,612.4% vs −135.3%) and the higher return on invested capital (0.00% vs −339.0%). Across the 15 metrics below, ESS Tech, Inc. leads on 8 and Dragonfly Energy Holdings Corp. on 7.

Valuation

Metric DFLI GWH Electrical Equipment & Parts median
P/E n/m n/m 36.10
P/S 0.22 n/m 2.73
P/B n/m n/m 3.57
Price to free cash flow n/m n/m 33.31
EV/EBITDA n/m n/m 18.07
EV/Sales 0.31 (3.55) 2.75
Earnings yield (1,976.92%) (1,395.24%) (5.84%)
Free cash flow yield (257.31%) (639.38%) 0.00%

Profitability

Metric DFLI GWH Electrical Equipment & Parts median
Gross margin 25.38% 2,462.32% 25.38%
Operating margin (43.56%) 4,826.77% 0.00%
Net margin (135.32%) 5,612.36% 0.00%
Free cash flow margin (57.26%) 3,871.87% 0.00%
Return on equity 836.48% (21,339.71%) 0.94%
Return on assets (98.85%) (182.63%) (1.50%)
Return on invested capital (338.95%) 0.00% 0.00%

Growth

Metric DFLI GWH Electrical Equipment & Parts median
Revenue growth (TTM) (4.85%) (119.02%) 9.28%
EPS growth (last fiscal year) 74.96% 40.71% —
Revenue growth, 5-year CAGR 4.44% — 9.80%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DFLI GWH Electrical Equipment & Parts median
Debt to equity (57.78) (3.24) 0.08
Current ratio 2.34 0.68 2.18
Net debt to EBITDA 0.83 0.26 0.26

Dividend

Metric DFLI GWH Electrical Equipment & Parts median
Dividend yield — — 0.84%
Payout ratio 0.00 0.00 0.00

Size

Metric DFLI GWH Electrical Equipment & Parts median
Market cap 13.68m 14.06m 177.98m

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