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

Enovix Corporation and Hyliion Holdings Corp. are both Electrical Equipment & Parts companies. Hyliion Holdings Corp. is the larger, with a market value of $768.0M against $658.1M — 1.2× 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 36.10
P/S 17.48 81.43 2.73
P/B 2.96 4.44 3.57
Price to free cash flow n/m n/m 33.31
EV/EBITDA n/m n/m 18.07
EV/Sales 19.03 75.38 2.75
Earnings yield (27.87%) (7.11%) (5.84%)
Free cash flow yield (19.81%) (7.08%) 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%) 0.94%
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% 9.28%
EPS growth (last fiscal year) 40.94% (10.00%) —
Revenue growth, 5-year CAGR — — 9.80%
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 0.08
Current ratio 9.71 7.59 2.18
Net debt to EBITDA (0.12) 1.51 0.26

Dividend

Metric ENVX HYLN Electrical Equipment & Parts median
Dividend yield — — 0.84%
Payout ratio 0.00 0.00 0.00

Size

Metric ENVX HYLN Electrical Equipment & Parts median
Market cap 658.13m 767.97m 177.98m

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