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 $1.1B against $929.6M — 1.1× the size. Red Cat Holdings, Inc. grew revenue faster over the last twelve months: 1,977.5% 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 33.00
P/S 12.74 29.12 3.63
P/B 1.93 27.42 3.24
Price to free cash flow n/m n/m 34.01
EV/EBITDA n/m n/m 18.69
EV/Sales 8.32 28.18 3.94
Earnings yield (12.16%) (10.05%) 1.31%
Free cash flow yield (17.30%) (4.54%) 0.00%

Profitability

Metric RCAT SATL Aerospace & Defense median
Gross margin 9.75% 78.93% 25.48%
Operating margin (150.15%) (66.80%) 4.54%
Net margin (136.27%) (325.65%) 2.22%
Free cash flow margin (220.44%) (132.16%) 0.00%
Return on equity (34.40%) 607.06% 6.43%
Return on assets (30.05%) (76.94%) 2.70%
Return on invested capital (45.82%) (790.58%) 1.56%

Growth

Metric RCAT SATL Aerospace & Defense median
Revenue growth (TTM) 1,977.49% 130.07% 18.43%
EPS growth (last fiscal year) (28.95%) 97.21% —
Revenue growth, 5-year CAGR 52.12% — 9.62%
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 0.24
Current ratio 14.86 2.34 2.72
Net debt to EBITDA 2.60 1.96 1.12

Dividend

Metric RCAT SATL Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric RCAT SATL Aerospace & Defense median
Market cap 1.05b 929.59m 2.52b

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