Red Cat Holdings, Inc. (RCAT) vs Voyager Technologies, Inc. (VOYG)

Red Cat Holdings, Inc. and Voyager Technologies, Inc. are both Aerospace & Defense companies. Voyager Technologies, Inc. is the larger, with a market value of $2.0B against $1.1B — 1.9× the size. Red Cat Holdings, Inc. grew revenue faster over the last twelve months: 1,977.5% against 10.6%. Voyager Technologies, Inc. has the higher net margin (−78.6% vs −136.3%) and the higher return on invested capital (−21.3% vs −45.8%). Across the 17 metrics below, Voyager Technologies, Inc. leads on 12 and Red Cat Holdings, Inc. on 5.

Valuation

Metric RCAT VOYG Aerospace & Defense median
P/E n/m n/m 33.00
P/S 12.74 10.53 3.63
P/B 1.93 4.87 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 11.05 3.94
Earnings yield (12.16%) (7.46%) 1.31%
Free cash flow yield (17.30%) (13.32%) 0.00%

Profitability

Metric RCAT VOYG Aerospace & Defense median
Gross margin 9.75% 10.90% 25.48%
Operating margin (150.15%) (88.46%) 4.54%
Net margin (136.27%) (78.61%) 2.22%
Free cash flow margin (220.44%) (140.23%) 0.00%
Return on equity (34.40%) (29.16%) 6.43%
Return on assets (30.05%) (16.16%) 2.70%
Return on invested capital (45.82%) (21.31%) 1.56%

Growth

Metric RCAT VOYG Aerospace & Defense median
Revenue growth (TTM) 1,977.49% 10.63% 18.43%
EPS growth (last fiscal year) (28.95%) 58.77% —
Revenue growth, 5-year CAGR 52.12% — 9.62%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric RCAT VOYG Aerospace & Defense median
Debt to equity 0.00 1.19 0.24
Current ratio 14.86 3.80 2.72
Net debt to EBITDA 2.60 0.49 1.12

Dividend

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

Size

Metric RCAT VOYG Aerospace & Defense median
Market cap 1.05b 1.95b 2.52b

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