Vertical Aerospace Ltd. (EVTL) vs Merlin Inc (MRLN)

Vertical Aerospace Ltd. and Merlin Inc are both Aerospace & Defense companies. Merlin Inc is the larger, with a market value of $181.8M against $115.5M — 1.6× the size. Vertical Aerospace Ltd. has the higher net margin (0.00% vs −3,463.5%) and the higher return on invested capital (0.00% vs 0.00%). Across the 12 metrics below, Vertical Aerospace Ltd. leads on 7 and Merlin Inc on 5.

Valuation

Metric EVTL MRLN Aerospace & Defense median
P/E n/m n/m 33.00
P/S n/m 25.34 3.63
P/B n/m n/m 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 4.17 3.94
Earnings yield (9.19%) (154.73%) 1.31%
Free cash flow yield (191.70%) (37.53%) 0.00%

Profitability

Metric EVTL MRLN Aerospace & Defense median
Gross margin 0.00% 26.34% 25.48%
Operating margin 0.00% (1,156.90%) 4.54%
Net margin 0.00% (3,463.45%) 2.22%
Free cash flow margin 0.00% (951.07%) 0.00%
Return on equity (19.55%) 0.00% 6.43%
Return on assets 21.87% (239.99%) 2.70%
Return on invested capital 0.00% 0.00% 1.56%

Growth

Metric EVTL MRLN Aerospace & Defense median
Revenue growth (TTM) — — 18.43%
EPS growth (last fiscal year) 105.08% 85.03% —
Revenue growth, 5-year CAGR — — 9.62%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric EVTL MRLN Aerospace & Defense median
Debt to equity (0.06) 0.00 0.24
Current ratio 0.71 14.67 2.72
Net debt to EBITDA 0.54 0.24 1.12

Dividend

Metric EVTL MRLN Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 — 0.00

Size

Metric EVTL MRLN Aerospace & Defense median
Market cap 115.45m 181.77m 2.52b

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