Funko, Inc. (FNKO) vs Tron Inc. (TRON)

Funko, Inc. and Tron Inc. are both Leisure companies. Tron Inc. is the larger, with a market value of $697.3M against $305.7M — 2.3× the size. Tron Inc. grew revenue faster over the last twelve months: 19.7% against −3.92%. Tron Inc. has the higher net margin (135.6% vs −0.21%) and the lower return on invested capital (−0.58% vs 4.49%). Across the 17 metrics below, Funko, Inc. leads on 9 and Tron Inc. on 8.

Valuation

Metric FNKO TRON Leisure median
P/E n/m n/m 17.42
P/S 0.33 133.79 1.02
P/B 1.63 2.68 2.13
Price to free cash flow 9.04 n/m 11.49
EV/EBITDA 5.50 n/m 9.97
EV/Sales 0.50 132.06 2.00
Earnings yield (0.55%) (7.56%) 2.85%
Free cash flow yield 11.07% (0.34%) 3.64%

Profitability

Metric FNKO TRON Leisure median
Gross margin 44.91% 24.65% 48.02%
Operating margin 2.67% (44.62%) 3.08%
Net margin (0.21%) 135.61% 2.58%
Free cash flow margin 2.92% (44.21%) 2.13%
Return on equity (1.07%) 3.77% 0.00%
Return on assets (0.29%) 3.73% 0.05%
Return on invested capital 4.49% (0.58%) 3.95%

Growth

Metric FNKO TRON Leisure median
Revenue growth (TTM) (3.92%) 19.66% 3.28%
EPS growth (last fiscal year) (342.86%) 56.76% —
Revenue growth, 5-year CAGR 6.84% — 4.22%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FNKO TRON Leisure median
Debt to equity 1.06 0.00 0.02
Current ratio 1.16 27.40 1.76
Net debt to EBITDA 13.43 4.79 1.85

Dividend

Metric FNKO TRON Leisure median
Dividend yield — — 2.86%
Payout ratio 0.00 — 0.00

Size

Metric FNKO TRON Leisure median
Market cap 305.67m 697.34m 293.27m

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