Palladyne AI Corp. (PDYN) vs Telos Corporation (TLS)

Palladyne AI Corp. and Telos Corporation are both Software Infrastructure companies. Telos Corporation is the larger, with a market value of $305.7M against $271.4M — 1.1× the size. Palladyne AI Corp. grew revenue faster over the last twelve months: 171.8% against 65.9%. Telos Corporation has the higher net margin (−8.13% vs −254.8%) and the higher return on invested capital (−25.4% vs −98.5%). Across the 18 metrics below, Telos Corporation leads on 13 and Palladyne AI Corp. on 5.

Valuation

Metric PDYN TLS Software Infrastructure median
P/E n/m n/m 28.02
P/S 20.93 1.57 3.07
P/B 3.50 3.25 3.36
Price to free cash flow n/m 11.73 17.12
EV/EBITDA n/m 28.35 14.91
EV/Sales 18.20 1.34 3.03
Earnings yield (12.62%) (5.19%) 0.13%
Free cash flow yield (14.77%) 8.53% 1.15%

Profitability

Metric PDYN TLS Software Infrastructure median
Gross margin 28.75% 36.64% 61.23%
Operating margin (360.67%) (9.92%) 0.00%
Net margin (254.75%) (8.13%) 0.00%
Free cash flow margin (309.11%) 13.35% 1.67%
Return on equity (48.39%) (14.86%) 0.59%
Return on assets (34.94%) (10.33%) 0.00%
Return on invested capital (98.51%) (25.38%) 0.00%

Growth

Metric PDYN TLS Software Infrastructure median
Revenue growth (TTM) 171.79% 65.93% 13.41%
EPS growth (last fiscal year) 108.86% 31.51% —
Revenue growth, 5-year CAGR (9.86%) (1.74%) 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PDYN TLS Software Infrastructure median
Debt to equity 0.00 0.05 0.06
Current ratio 6.30 2.38 1.55
Net debt to EBITDA 1.44 3.54 0.08

Dividend

Metric PDYN TLS Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric PDYN TLS Software Infrastructure median
Market cap 271.36m 305.67m 835.96m

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