Here Group Limited (HERE) vs Xponential Fitness, Inc. (XPOF)

Here Group Limited and Xponential Fitness, Inc. are both Leisure companies. Xponential Fitness, Inc. is the larger, with a market value of $184.7M against $66.1M — 2.8× the size. Xponential Fitness, Inc. has negative trailing earnings, so its P/E is not meaningful; Here Group Limited trades at 2.0×. Xponential Fitness, Inc. grew revenue faster over the last twelve months: −8.95% against −64.0%. Here Group Limited has the higher net margin (31.1% vs −19.1%) and the lower return on invested capital (4.70% vs 9.84%). Across the 17 metrics below, Here Group Limited leads on 9 and Xponential Fitness, Inc. on 8.

Valuation

Metric HERE XPOF Leisure median
P/E 1.97 n/m 17.42
P/S 0.59 0.57 1.02
P/B 0.78 n/m 2.13
Price to free cash flow 0.91 n/m 11.49
EV/EBITDA n/m 12.64 9.97
EV/Sales (0.04) 2.27 2.00
Earnings yield 50.89% (37.50%) 2.85%
Free cash flow yield 109.93% (1.74%) 3.64%

Profitability

Metric HERE XPOF Leisure median
Gross margin 57.96% 82.36% 48.02%
Operating margin 0.92% 6.21% 3.08%
Net margin 31.14% (19.08%) 2.58%
Free cash flow margin 0.00% (1.00%) 2.13%
Return on equity 42.26% 15.97% 0.00%
Return on assets 22.16% (15.51%) 0.05%
Return on invested capital 4.70% 9.84% 3.95%

Growth

Metric HERE XPOF Leisure median
Revenue growth (TTM) (64.02%) (8.95%) 3.28%
EPS growth (last fiscal year) (80.67%) 32.07% —
Revenue growth, 5-year CAGR (19.84%) 15.22% 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HERE XPOF Leisure median
Debt to equity 0.00 (1.37) 0.02
Current ratio 4.82 0.75 1.76
Net debt to EBITDA 2.07 6.34 1.85

Dividend

Metric HERE XPOF Leisure median
Dividend yield — — 2.86%
Payout ratio — 0.00 0.00

Size

Metric HERE XPOF Leisure median
Market cap 66.08m 184.68m 293.27m

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