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 $1.1B against $756.2M — 1.4× 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 33.00
P/S n/m 12.74 3.63
P/B 33.44 1.93 3.24
Price to free cash flow n/m n/m 34.01
EV/EBITDA n/m n/m 18.69
EV/Sales n/m 8.32 3.94
Earnings yield (28.57%) (12.16%) 1.31%
Free cash flow yield (27.34%) (17.30%) 0.00%

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%) 0.00%
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%) —
Revenue growth, 5-year CAGR — 52.12% 9.62%
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 — — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric EVEX RCAT Aerospace & Defense median
Market cap 756.22m 1.05b 2.52b

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