Eve Holding, Inc. (EVEX) vs Red Cat Holdings, Inc. (RCAT)

Eve Holding, Inc. and Red Cat Holdings, Inc. are both Aerospace & Defense companies. Red Cat Holdings, Inc. is the larger, with a market value of $748.3M against $582.0M — 1.3× the size. Eve Holding, Inc. has the higher net margin (0.00% vs −136.3%) and the lower return on invested capital (−49.8% vs −45.8%). Across the 14 metrics below, Red Cat Holdings, Inc. leads on 10 and Eve Holding, Inc. on 4.

Valuation

Metric EVEX RCAT Aerospace & Defense median
P/E n/m n/m 31.81
P/S n/m 9.03 3.55
P/B 24.97 1.37 2.59
Price to free cash flow n/m n/m 31.99
EV/EBITDA n/m n/m 18.08
EV/Sales n/m 4.61 3.37
Earnings yield (38.27%) (17.16%) 1.38%
Free cash flow yield (36.62%) (24.41%) 0.21%

Profitability

Metric EVEX RCAT Aerospace & Defense median
Gross margin 0.00% 9.75% 25.48%
Operating margin 0.00% (150.15%) 4.54%
Net margin 0.00% (136.27%) 2.22%
Free cash flow margin 0.00% (220.44%) 1.43%
Return on equity (1,179.18%) (34.40%) 6.43%
Return on assets (59.50%) (30.05%) 2.70%
Return on invested capital (49.77%) (45.82%) 1.56%

Growth

Metric EVEX RCAT Aerospace & Defense median
Revenue growth (TTM) — 1,977.49% 18.43%
EPS growth (last fiscal year) (45.83%) (28.95%) 24.27%
Revenue growth, 5-year CAGR — 52.12% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EVEX RCAT Aerospace & Defense median
Debt to equity 13.90 0.00 0.24
Current ratio 3.48 14.86 2.72
Net debt to EBITDA (0.34) 2.60 1.12

Dividend

Metric EVEX RCAT Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric EVEX RCAT Aerospace & Defense median
Market cap 581.98m 748.30m 2.19b

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