Evolv Technologies Holdings, Inc. (EVLV) vs MSA Safety Incorporporated (MSA)

Evolv Technologies Holdings, Inc. and MSA Safety Incorporporated are both Security & Protection Services companies. MSA Safety Incorporporated is the larger, with a market value of $6.9B against $878.5M — 7.9× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; MSA Safety Incorporporated trades at 22.1×. Evolv Technologies Holdings, Inc. grew revenue faster over the last twelve months: 41.7% against 6.48%. MSA Safety Incorporporated has the higher net margin (16.1% vs −3.05%) and the higher return on invested capital (14.4% vs −26.4%). Across the 19 metrics below, MSA Safety Incorporporated leads on 14 and Evolv Technologies Holdings, Inc. on 5.

Valuation

Metric EVLV MSA Security & Protection Services median
P/E n/m 22.13 23.60
P/S 4.93 3.54 1.32
P/B 7.11 4.93 2.31
Price to free cash flow n/m 19.44 20.60
EV/EBITDA n/m 14.92 12.26
EV/Sales 4.78 3.74 2.18
Earnings yield (0.64%) 4.52% 3.08%
Free cash flow yield (0.66%) 5.14% 2.35%

Profitability

Metric EVLV MSA Security & Protection Services median
Gross margin 49.86% 47.57% 38.10%
Operating margin (20.77%) 21.23% 9.25%
Net margin (3.05%) 16.13% 3.30%
Free cash flow margin (3.23%) 18.21% 1.45%
Return on equity (4.94%) 23.72% 8.77%
Return on assets (1.79%) 12.19% 1.21%
Return on invested capital (26.42%) 14.40% 2.40%

Growth

Metric EVLV MSA Security & Protection Services median
Revenue growth (TTM) 41.67% 6.48% 6.48%
EPS growth (last fiscal year) 41.18% (1.66%) 35.69%
Revenue growth, 5-year CAGR 98.08% 6.82% 7.09%
Net income growth, 5-year CAGR 0.00% 17.60% 0.00%

Health

Metric EVLV MSA Security & Protection Services median
Debt to equity 0.24 0.42 0.20
Current ratio 1.18 3.24 1.83
Net debt to EBITDA 1.68 0.92 1.55

Dividend

Metric EVLV MSA Security & Protection Services median
Dividend yield — 1.20% 1.40%
Payout ratio — 0.27 0.30

Size

Metric EVLV MSA Security & Protection Services median
Market cap 878.46m 6.91b 390.99m

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