Red Cat Holdings, Inc. (RCAT) vs Satellogic Inc. (SATL)

Red Cat Holdings, Inc. and Satellogic Inc. are both Aerospace & Defense companies. Red Cat Holdings, Inc. is the larger, with a market value of $520.0M against $444.3M — 1.2× the size. Red Cat Holdings, Inc. grew revenue faster over the last twelve months: 836.2% against 130.1%. Red Cat Holdings, Inc. has the higher net margin (−136.3% vs −325.7%) and the higher return on invested capital (−45.8% vs −790.6%). Across the 17 metrics below, Red Cat Holdings, Inc. leads on 9 and Satellogic Inc. on 8.

Valuation

Metric RCAT SATL Aerospace & Defense median
P/E n/m n/m 28.48
P/S 6.58 13.78 2.95
P/B 1.00 12.98 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA n/m n/m 16.85
EV/Sales 2.16 16.17 2.74
Earnings yield (23.55%) (21.23%) 0.89%
Free cash flow yield (33.49%) (9.59%) 0.00%

Profitability

Metric RCAT SATL Aerospace & Defense median
Gross margin 9.75% 78.93% 26.41%
Operating margin (150.15%) (66.80%) 3.69%
Net margin (136.27%) (325.65%) 2.74%
Free cash flow margin (220.44%) (132.16%) 0.00%
Return on equity (34.40%) 607.06% 4.44%
Return on assets (30.05%) (76.94%) 1.90%
Return on invested capital (45.82%) (790.58%) 0.26%

Growth

Metric RCAT SATL Aerospace & Defense median
Revenue growth (TTM) 836.18% 130.07% 18.03%
EPS growth (last fiscal year) (28.95%) 97.21% 24.80%
Revenue growth, 5-year CAGR 52.12% — 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RCAT SATL Aerospace & Defense median
Debt to equity 0.00 2.65 0.20
Current ratio 14.86 2.34 2.85
Net debt to EBITDA 2.60 1.96 1.29

Dividend

Metric RCAT SATL Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric RCAT SATL Aerospace & Defense median
Market cap 519.99m 444.31m 1.78b

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