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 $757.1M against $658.6M — 1.1× 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 24.95 22.21
P/S 4.37 0.92 1.12
P/B 6.30 2.84 2.11
Price to free cash flow n/m 23.76 20.05
EV/EBITDA n/m 10.33 11.50
EV/Sales 4.23 1.15 2.08
Earnings yield (0.72%) 4.01% 2.19%
Free cash flow yield (0.74%) 4.21% 2.44%

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% 3.11%
Free cash flow margin (3.23%) 3.89% 1.45%
Return on equity (4.94%) 11.82% 5.40%
Return on assets (1.79%) 4.67% 1.07%
Return on invested capital (26.42%) 7.73% 2.40%

Growth

Metric EVLV MG Security & Protection Services median
Revenue growth (TTM) 41.67% 5.23% 6.22%
EPS growth (last fiscal year) 41.18% (11.67%) 29.52%
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 — — 1.72%
Payout ratio — — 0.28

Size

Metric EVLV MG Security & Protection Services median
Market cap 757.11m 658.55m 394.99m

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