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 $887.5M against $681.2M — 1.3× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Mistras Group Inc trades at 25.0×. Evolv Technologies Holdings, Inc. grew revenue faster over the last twelve months: 41.7% against 5.23%. Mistras Group Inc has the higher net margin (3.65% vs −3.05%) and the higher return on invested capital (7.73% 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 25.02 21.88
P/S 5.03 0.93 1.21
P/B 7.26 2.85 2.21
Price to free cash flow n/m 23.83 20.62
EV/EBITDA n/m 10.36 12.37
EV/Sales 4.84 1.16 1.86
Earnings yield (0.63%) 4.00% 3.67%
Free cash flow yield (0.64%) 4.20% 1.13%

Profitability

Metric EVLV MG Security & Protection Services median
Gross margin 49.86% 28.53% 41.45%
Operating margin (20.77%) 6.87% 8.06%
Net margin (3.05%) 3.65% 3.72%
Free cash flow margin (3.23%) 3.89% 1.45%
Return on equity (4.94%) 11.82% 9.87%
Return on assets (1.79%) 4.67% 2.54%
Return on invested capital (26.42%) 7.73% 3.11%

Growth

Metric EVLV MG Security & Protection Services median
Revenue growth (TTM) 41.67% 5.23% 5.96%
EPS growth (last fiscal year) 41.18% (11.67%) —
Revenue growth, 5-year CAGR 98.08% 4.09% 7.35%
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 0.80 0.20
Current ratio 1.18 1.71 1.93
Net debt to EBITDA 1.68 2.34 1.55

Dividend

Metric EVLV MG Security & Protection Services median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric EVLV MG Security & Protection Services median
Market cap 887.52m 681.17m 395.79m

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