Red Cat Holdings, Inc. (RCAT) vs Virgin Galactic Holdings, Inc. (SPCE)

Red Cat Holdings, Inc. and Virgin Galactic Holdings, Inc. are both Aerospace & Defense companies. Red Cat Holdings, Inc. is the larger, with a market value of $520.0M against $360.8M — 1.4× the size. Red Cat Holdings, Inc. grew revenue faster over the last twelve months: 836.2% against −38.9%. Red Cat Holdings, Inc. has the higher net margin (−136.3% vs −23,867.4%) and the higher return on invested capital (−45.8% vs −48.9%). Across the 18 metrics below, Red Cat Holdings, Inc. leads on 13 and Virgin Galactic Holdings, Inc. on 5.

Valuation

Metric RCAT SPCE Aerospace & Defense median
P/E n/m n/m 28.48
P/S 6.58 253.95 2.95
P/B 1.00 0.67 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA n/m n/m 16.85
EV/Sales 2.16 189.32 2.74
Earnings yield (23.55%) (142.02%) 0.89%
Free cash flow yield (33.49%) (146.61%) 0.00%

Profitability

Metric RCAT SPCE Aerospace & Defense median
Gross margin 9.75% 100.00% 26.41%
Operating margin (150.15%) (24,804.53%) 3.69%
Net margin (136.27%) (23,867.44%) 2.74%
Free cash flow margin (220.44%) (37,231.31%) 0.00%
Return on equity (34.40%) (75.13%) 4.44%
Return on assets (30.05%) (28.89%) 1.90%
Return on invested capital (45.82%) (48.91%) 0.26%

Growth

Metric RCAT SPCE Aerospace & Defense median
Revenue growth (TTM) 836.18% (38.87%) 18.03%
EPS growth (last fiscal year) (28.95%) 60.84% 24.80%
Revenue growth, 5-year CAGR 52.12% 45.35% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RCAT SPCE Aerospace & Defense median
Debt to equity 0.00 0.55 0.20
Current ratio 14.86 1.62 2.85
Net debt to EBITDA 2.60 0.05 1.29

Dividend

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

Size

Metric RCAT SPCE Aerospace & Defense median
Market cap 519.99m 360.80m 1.78b

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