FatPipe, Inc. (FATN) vs SkyAI, Inc. (SKYA)

FatPipe, Inc. and SkyAI, Inc. are both Software Infrastructure companies. FatPipe, Inc. and SkyAI, Inc. are of similar size ($84.3M and $77.0M). SkyAI, Inc. has negative trailing earnings, so its P/E is not meaningful; FatPipe, Inc. trades at 13.4×. FatPipe, Inc. has the higher net margin (26.8% vs 0.00%) and the higher return on invested capital (8.27% vs −162.1%). Across the 16 metrics below, FatPipe, Inc. leads on 12 and SkyAI, Inc. on 4.

Valuation

Metric FATN SKYA Software Infrastructure median
P/E 13.38 n/m 28.02
P/S 3.69 341.49 3.07
P/B 2.82 0.86 3.36
Price to free cash flow n/m n/m 17.12
EV/EBITDA 19.60 n/m 14.91
EV/Sales 3.68 318.84 3.03
Earnings yield 7.47% (2,919.00%) 0.13%
Free cash flow yield (1.29%) (5.38%) 1.15%

Profitability

Metric FATN SKYA Software Infrastructure median
Gross margin 90.68% 0.00% 61.23%
Operating margin 17.18% 0.00% 0.00%
Net margin 26.80% 0.00% 0.00%
Free cash flow margin (4.75%) 0.00% 1.67%
Return on equity 23.20% (462.71%) 0.59%
Return on assets 16.12% (448.06%) 0.00%
Return on invested capital 8.27% (162.09%) 0.00%

Growth

Metric FATN SKYA Software Infrastructure median
Revenue growth (TTM) 23.24% — 13.41%
EPS growth (last fiscal year) 130.41% 99.50% —
Revenue growth, 5-year CAGR — — 15.81%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FATN SKYA Software Infrastructure median
Debt to equity 0.16 0.00 0.06
Current ratio 3.98 5.35 1.55
Net debt to EBITDA (0.25) 0.03 0.08

Dividend

Metric FATN SKYA Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio — — 0.00

Size

Metric FATN SKYA Software Infrastructure median
Market cap 77.00m 84.34m 835.96m

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