Firefly Aerospace, Inc. (FLY) vs Voyager Technologies, Inc. (VOYG)

Firefly Aerospace, Inc. and Voyager Technologies, Inc. are both Aerospace & Defense companies. Firefly Aerospace, Inc. is the larger, with a market value of $3.0B against $1.6B — 1.8× the size. Firefly Aerospace, Inc. grew revenue faster over the last twelve months: 179.2% against 10.6%. Voyager Technologies, Inc. has the higher net margin (−78.6% vs −129.1%) and the higher return on invested capital (−21.3% vs −34.8%). Across the 17 metrics below, Voyager Technologies, Inc. leads on 9 and Firefly Aerospace, Inc. on 8.

Valuation

Metric FLY VOYG Aerospace & Defense median
P/E n/m n/m 31.81
P/S 9.44 8.46 3.55
P/B 2.22 3.92 2.59
Price to free cash flow n/m n/m 31.99
EV/EBITDA n/m n/m 18.08
EV/Sales 7.30 8.99 3.37
Earnings yield (17.55%) (9.29%) 1.38%
Free cash flow yield (12.04%) (16.57%) 0.21%

Profitability

Metric FLY VOYG Aerospace & Defense median
Gross margin 22.92% 10.90% 25.48%
Operating margin (117.99%) (88.46%) 4.54%
Net margin (129.06%) (78.61%) 2.22%
Free cash flow margin (113.66%) (140.23%) 1.43%
Return on equity (242.95%) (29.16%) 6.43%
Return on assets (35.18%) (16.16%) 2.70%
Return on invested capital (34.77%) (21.31%) 1.56%

Growth

Metric FLY VOYG Aerospace & Defense median
Revenue growth (TTM) 179.17% 10.63% 18.43%
EPS growth (last fiscal year) 73.21% 58.77% 24.27%
Revenue growth, 5-year CAGR — — 9.73%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric FLY VOYG Aerospace & Defense median
Debt to equity 0.02 1.19 0.24
Current ratio 2.73 3.80 2.72
Net debt to EBITDA 2.57 0.49 1.12

Dividend

Metric FLY VOYG Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric FLY VOYG Aerospace & Defense median
Market cap 2.98b 1.63b 2.19b

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