National Presto Industries, Inc. (NPK) vs Red Cat Holdings, Inc. (RCAT)

National Presto Industries, Inc. and Red Cat Holdings, Inc. are both Aerospace & Defense companies. National Presto Industries, Inc. is the larger, with a market value of $1.1B against $748.3M — 1.4× the size. Red Cat Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; National Presto Industries, Inc. trades at 24.9×. Red Cat Holdings, Inc. grew revenue faster over the last twelve months: 1,977.5% against 20.9%. National Presto Industries, Inc. has the higher net margin (7.86% vs −136.3%) and the higher return on invested capital (8.31% vs −45.8%). Across the 19 metrics below, National Presto Industries, Inc. leads on 14 and Red Cat Holdings, Inc. on 5.

Valuation

Metric NPK RCAT Aerospace & Defense median
P/E 24.92 n/m 31.81
P/S 1.96 9.03 3.55
P/B 2.60 1.37 2.59
Price to free cash flow 35.93 n/m 31.99
EV/EBITDA 18.08 n/m 18.08
EV/Sales 1.93 4.61 3.37
Earnings yield 4.01% (17.16%) 1.38%
Free cash flow yield 2.78% (24.41%) 0.21%

Profitability

Metric NPK RCAT Aerospace & Defense median
Gross margin 16.47% 9.75% 25.48%
Operating margin 9.64% (150.15%) 4.54%
Net margin 7.86% (136.27%) 2.22%
Free cash flow margin 5.68% (220.44%) 1.43%
Return on equity 10.90% (34.40%) 6.43%
Return on assets 8.82% (30.05%) 2.70%
Return on invested capital 8.31% (45.82%) 1.56%

Growth

Metric NPK RCAT Aerospace & Defense median
Revenue growth (TTM) 20.88% 1,977.49% 18.43%
EPS growth (last fiscal year) (20.45%) (28.95%) 24.27%
Revenue growth, 5-year CAGR 7.38% 52.12% 9.73%
Net income growth, 5-year CAGR (6.76%) 0.00% 0.00%

Health

Metric NPK RCAT Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 5.22 14.86 2.72
Net debt to EBITDA (0.08) 2.60 1.12

Dividend

Metric NPK RCAT Aerospace & Defense median
Dividend yield 0.67% — 0.90%
Payout ratio 0.17 — 0.32

Size

Metric NPK RCAT Aerospace & Defense median
Market cap 1.05b 748.30m 2.19b

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