Extreme Networks, Inc. (EXTR) vs Ondas Holdings Inc. (ONDS)

Extreme Networks, Inc. and Ondas Holdings Inc. are both Communication Equipment companies. Ondas Holdings Inc. is the larger, with a market value of $4.5B against $2.9B — 1.6× the size. Ondas Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; Extreme Networks, Inc. trades at 67.3×. Ondas Holdings Inc. grew revenue faster over the last twelve months: 979.3% against 12.6%. Ondas Holdings Inc. has the higher net margin (34.1% vs 3.28%) and the lower return on invested capital (−81.8% vs 96.6%). Across the 19 metrics below, Extreme Networks, Inc. leads on 12 and Ondas Holdings Inc. on 7.

Valuation

Metric EXTR ONDS Communication Equipment median
P/E 67.25 n/m 33.61
P/S 2.23 21.97 2.16
P/B 32.25 2.43 2.40
Price to free cash flow 30.31 n/m 25.02
EV/EBITDA 28.83 n/m 13.78
EV/Sales 2.19 14.15 2.27
Earnings yield 1.49% (0.52%) (0.65%)
Free cash flow yield 3.30% (4.50%) 1.61%

Profitability

Metric EXTR ONDS Communication Equipment median
Gross margin 61.48% 43.72% 39.47%
Operating margin 4.88% (140.40%) 2.39%
Net margin 3.28% 34.08% (0.74%)
Free cash flow margin 7.42% (98.75%) 1.39%
Return on equity 54.64% 7.12% (1.91%)
Return on assets 3.61% 3.77% (0.20%)
Return on invested capital 96.62% (81.81%) 0.72%

Growth

Metric EXTR ONDS Communication Equipment median
Revenue growth (TTM) 12.59% 979.31% 11.48%
EPS growth (last fiscal year) 616.67% (1.64%) —
Revenue growth, 5-year CAGR 4.92% 87.94% 4.92%
Net income growth, 5-year CAGR 85.15% 0.00% 0.00%

Health

Metric EXTR ONDS Communication Equipment median
Debt to equity 1.85 0.00 0.06
Current ratio 0.93 9.85 2.01
Net debt to EBITDA (0.49) 13.45 0.67

Dividend

Metric EXTR ONDS Communication Equipment median
Dividend yield — — 2.63%
Payout ratio 0.00 0.00 0.00

Size

Metric EXTR ONDS Communication Equipment median
Market cap 2.86b 4.48b 563.45m

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