Fermi Inc. (FRMI) vs Weyerhaeuser Company (WY)

Fermi Inc. and Weyerhaeuser Company are both Reit Specialty companies. Weyerhaeuser Company is the larger, with a market value of $14.6B against $3.0B — 4.9× the size. Fermi Inc. has negative trailing earnings, so its P/E is not meaningful; Weyerhaeuser Company trades at 30.3×. Weyerhaeuser Company has the higher net margin (6.89% vs 0.00%) and the higher return on invested capital (3.67% vs −24.3%). Across the 12 metrics below, Weyerhaeuser Company leads on 9 and Fermi Inc. on 3.

Valuation

Metric FRMI WY Reit Specialty median
P/E n/m 30.35 26.27
P/S n/m 2.11 5.86
P/B 2.79 1.53 2.19
Price to free cash flow n/m n/m 14.62
EV/EBITDA n/m 14.29 16.22
EV/Sales n/m 2.82 8.93
Earnings yield (32.29%) 3.30% 3.43%
Free cash flow yield (43.05%) (0.98%) 5.37%

Profitability

Metric FRMI WY Reit Specialty median
Gross margin — 14.51% 67.43%
Operating margin 0.00% 12.32% 21.38%
Net margin 0.00% 6.89% 16.14%
Free cash flow margin 0.00% (2.06%) 31.07%
Return on equity (134.87%) 4.97% 4.76%
Return on assets (74.99%) 2.86% 3.29%
Return on invested capital (24.28%) 3.67% 4.19%

Growth

Metric FRMI WY Reit Specialty median
Revenue growth (TTM) — (2.62%) 5.36%
EPS growth (last fiscal year) — (16.67%) —
Revenue growth, 5-year CAGR — (1.72%) 6.70%
Net income growth, 5-year CAGR — (16.47%) 0.00%

Health

Metric FRMI WY Reit Specialty median
Debt to equity 0.00 0.57 0.62
Current ratio 0.61 1.82 0.70
Net debt to EBITDA 2.30 4.12 4.47

Dividend

Metric FRMI WY Reit Specialty median
Dividend yield — 2.65% 3.88%
Payout ratio — 0.77 1.14

Size

Metric FRMI WY Reit Specialty median
Market cap 2.98b 14.62b 8.48b

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