EQV Ventures Acquisition Corp. II (EVAC) vs Twenty One Capital, Inc. (XXI)

EQV Ventures Acquisition Corp. II and Twenty One Capital, Inc. are both Shell Companies companies. Twenty One Capital, Inc. is the larger, with a market value of $4.3B against $602.0M — 7.2× the size. Twenty One Capital, Inc. has negative trailing earnings, so its P/E is not meaningful; EQV Ventures Acquisition Corp. II trades at 6.9×. Across the 9 metrics below, EQV Ventures Acquisition Corp. II leads on 5 and Twenty One Capital, Inc. on 4.

Valuation

Metric EVAC XXI Shell Companies median
P/E 6.87 n/m 39.97
P/S n/m n/m 12.19
P/B n/m 1.71 2.01
Price to free cash flow n/m n/m 28.89
EV/EBITDA n/m n/m —
EV/Sales n/m n/m —
Earnings yield 14.56% (81.87%) 1.63%
Free cash flow yield (0.90%) (0.37%) (0.79%)

Profitability

Metric EVAC XXI Shell Companies median
Gross margin — — 71.01%
Operating margin 0.00% 0.00% 0.00%
Net margin 0.00% 0.00% 0.00%
Free cash flow margin 0.00% 0.00% 0.00%
Return on equity (201.45%) (137.05%) 1.91%
Return on assets 7.02% (107.69%) 2.03%
Return on invested capital 0.00% (0.86%) 0.00%

Growth

Metric EVAC XXI Shell Companies median
Revenue growth (TTM) — — —
EPS growth (last fiscal year) 12,027.69% (1,639.74%) —
Revenue growth, 5-year CAGR — — —
Net income growth, 5-year CAGR — — 0.00%

Health

Metric EVAC XXI Shell Companies median
Debt to equity 0.00 0.22 0.00
Current ratio 11.37 71.05 0.08
Net debt to EBITDA 1.47 (25.23) 0.06

Dividend

Metric EVAC XXI Shell Companies median
Dividend yield — — —
Payout ratio — — 0.00

Size

Metric EVAC XXI Shell Companies median
Market cap 602.01m 4.34b 154.76m

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