Evolv Technologies Holdings, Inc. (EVLV) vs Mistras Group Inc (MG)

Evolv Technologies Holdings, Inc. and Mistras Group Inc are both Security & Protection Services companies. Evolv Technologies Holdings, Inc. is the larger, with a market value of $820.5M against $641.8M — 1.3× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Mistras Group Inc trades at 30.7×. Evolv Technologies Holdings, Inc. grew revenue faster over the last twelve months: 41.7% against 4.61%. Mistras Group Inc has the higher net margin (2.78% vs −3.05%) and the higher return on invested capital (6.69% vs −26.4%). Across the 18 metrics below, Mistras Group Inc leads on 12 and Evolv Technologies Holdings, Inc. on 6.

Valuation

Metric EVLV MG Security & Protection Services median
P/E n/m 30.69 22.53
P/S 4.77 0.86 1.17
P/B 6.88 2.59 2.09
Price to free cash flow n/m 21.09 19.49
EV/EBITDA n/m 10.44 11.17
EV/Sales 4.63 1.09 1.97
Earnings yield (0.66%) 3.26% 3.26%
Free cash flow yield (0.68%) 4.74% 1.46%

Profitability

Metric EVLV MG Security & Protection Services median
Gross margin 49.86% 28.69% 38.10%
Operating margin (20.77%) 6.07% 9.80%
Net margin (3.05%) 2.78% 2.88%
Free cash flow margin (3.23%) 4.07% 0.00%
Return on equity (4.94%) 8.74% 8.74%
Return on assets (1.79%) 3.49% 1.21%
Return on invested capital (26.42%) 6.69% 1.98%

Growth

Metric EVLV MG Security & Protection Services median
Revenue growth (TTM) 41.67% 4.61% 7.23%
EPS growth (last fiscal year) 41.18% (11.67%) 35.69%
Revenue growth, 5-year CAGR 98.08% 4.09% 7.09%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EVLV MG Security & Protection Services median
Debt to equity 0.24 0.79 0.20
Current ratio 1.18 1.74 1.92
Net debt to EBITDA 1.68 2.34 1.55

Dividend

Metric EVLV MG Security & Protection Services median
Dividend yield — — 1.65%
Payout ratio — — 0.28

Size

Metric EVLV MG Security & Protection Services median
Market cap 820.50m 641.80m 408.73m

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