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

Enovix Corporation and Hyliion Holdings Corp. are both Electrical Equipment & Parts companies. Enovix Corporation and Hyliion Holdings Corp. are of similar size ($588.1M and $585.8M). 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 31.20
P/S 15.16 59.24 2.28
P/B 2.57 3.23 3.19
Price to free cash flow n/m n/m 27.15
EV/EBITDA n/m n/m 15.80
EV/Sales 16.72 53.13 2.38
Earnings yield (32.13%) (9.77%) (5.87%)
Free cash flow yield (22.83%) (9.74%) 0.00%

Profitability

Metric ENVX HYLN Electrical Equipment & Parts median
Gross margin 18.83% 6.52% 25.38%
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%) 0.14%
Return on assets (26.80%) (25.53%) (1.50%)
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% 7.92%
EPS growth (last fiscal year) 40.94% (10.00%) 27.37%
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 0.16
Current ratio 9.71 7.59 2.31
Net debt to EBITDA (0.12) 1.51 0.26

Dividend

Metric ENVX HYLN Electrical Equipment & Parts median
Dividend yield — — 0.48%
Payout ratio — — 0.10

Size

Metric ENVX HYLN Electrical Equipment & Parts median
Market cap 588.12m 585.80m 157.22m

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