Forgent Power Solutions, Inc. (FPS) vs Plug Power, Inc. (PLUG)

Forgent Power Solutions, Inc. and Plug Power, Inc. are both Electrical Equipment & Parts companies. Forgent Power Solutions, Inc. is the larger, with a market value of $5.5B against $1.9B — 2.9× the size. Forgent Power Solutions, Inc. grew revenue faster over the last twelve months: 88.5% against 10.6%. Forgent Power Solutions, Inc. has the higher net margin (5.76% vs −220.6%) and the higher return on invested capital (9.87% vs −74.2%). Across the 15 metrics below, Forgent Power Solutions, Inc. leads on 10 and Plug Power, Inc. on 5.

Valuation

Metric FPS PLUG Electrical Equipment & Parts median
P/E — n/m 24.14
P/S 3.01 2.54 2.33
P/B 6.36 3.22 2.49
Price to free cash flow n/m n/m 22.24
EV/EBITDA 18.12 n/m 12.18
EV/Sales 3.35 3.21 1.79
Earnings yield — (92.65%) (6.07%)
Free cash flow yield (0.16%) (27.57%) (5.34%)

Profitability

Metric FPS PLUG Electrical Equipment & Parts median
Gross margin 35.04% (18.55%) 29.92%
Operating margin 12.85% (172.77%) 0.00%
Net margin 5.76% (220.59%) 0.00%
Free cash flow margin (0.48%) (70.20%) 0.00%
Return on equity 13.15% (139.62%) 0.00%
Return on assets 4.34% (59.19%) 0.00%
Return on invested capital 9.87% (74.22%) 0.00%

Growth

Metric FPS PLUG Electrical Equipment & Parts median
Revenue growth (TTM) 88.54% 10.59% 10.59%
EPS growth (last fiscal year) — 47.01% 24.08%
Revenue growth, 5-year CAGR — 0.00% 9.92%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FPS PLUG Electrical Equipment & Parts median
Debt to equity 0.87 1.38 0.15
Current ratio 1.54 2.32 2.34
Net debt to EBITDA 1.85 (0.11) 0.26

Dividend

Metric FPS PLUG Electrical Equipment & Parts median
Dividend yield — — 0.33%
Payout ratio — — 0.09

Size

Metric FPS PLUG Electrical Equipment & Parts median
Market cap 5.54b 1.89b 159.94m

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