Enovix Corporation (ENVX) vs Hyliion Holdings Corp. (HYLN)

Enovix Corporation and Hyliion Holdings Corp. are both Electrical Equipment & Parts companies. Enovix Corporation is the larger, with a market value of $526.7M against $469.7M — 1.1× the size. Hyliion Holdings Corp. grew revenue faster over the last twelve months: 340.3% against 34.9%. Enovix Corporation has the higher net margin (−473.9% vs −564.4%) and the lower return on invested capital (−41.6% vs −34.8%). Across the 17 metrics below, Enovix Corporation leads on 10 and Hyliion Holdings Corp. on 7.

Valuation

Metric ENVX HYLN Electrical Equipment & Parts median
P/E n/m n/m 24.14
P/S 14.68 51.33 2.33
P/B 2.48 2.80 2.49
Price to free cash flow n/m n/m 22.24
EV/EBITDA n/m n/m 12.18
EV/Sales 16.23 45.22 1.79
Earnings yield (33.20%) (11.28%) (6.07%)
Free cash flow yield (23.59%) (11.24%) (5.34%)

Profitability

Metric ENVX HYLN Electrical Equipment & Parts median
Gross margin 18.83% 6.52% 29.92%
Operating margin (496.54%) (635.16%) 0.00%
Net margin (473.89%) (564.35%) 0.00%
Free cash flow margin (346.17%) (576.73%) 0.00%
Return on equity (81.23%) (27.08%) 0.00%
Return on assets (26.80%) (25.53%) 0.00%
Return on invested capital (41.58%) (34.84%) 0.00%

Growth

Metric ENVX HYLN Electrical Equipment & Parts median
Revenue growth (TTM) 34.88% 340.33% 10.59%
EPS growth (last fiscal year) 36.97% (10.00%) 24.08%
Revenue growth, 5-year CAGR — — 9.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ENVX HYLN Electrical Equipment & Parts median
Debt to equity 2.51 0.00 0.15
Current ratio 9.71 7.59 2.34
Net debt to EBITDA (0.12) 1.51 0.26

Dividend

Metric ENVX HYLN Electrical Equipment & Parts median
Dividend yield — — 0.33%
Payout ratio — — 0.09

Size

Metric ENVX HYLN Electrical Equipment & Parts median
Market cap 526.68m 469.71m 159.94m

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