Red Cat Holdings, Inc. (RCAT) vs York Space Systems Inc. (YSS)

Red Cat Holdings, Inc. and York Space Systems Inc. are both Aerospace & Defense companies. York Space Systems Inc. is the larger, with a market value of $836.5M against $681.1M — 1.2× the size. York Space Systems Inc. has the higher net margin (−67.3% vs −136.3%) and the higher return on invested capital (−3.11% vs −45.8%). Across the 16 metrics below, York Space Systems Inc. leads on 12 and Red Cat Holdings, Inc. on 4.

Valuation

Metric RCAT YSS Aerospace & Defense median
P/E n/m n/m 31.60
P/S 8.59 1.97 3.36
P/B 1.30 0.45 2.99
Price to free cash flow n/m n/m 33.23
EV/EBITDA n/m n/m 19.00
EV/Sales 4.17 0.99 3.37
Earnings yield (18.04%) (38.87%) 0.90%
Free cash flow yield (25.66%) (43.53%) 0.00%

Profitability

Metric RCAT YSS Aerospace & Defense median
Gross margin 9.75% 39.99% 25.95%
Operating margin (150.15%) (17.00%) 1.21%
Net margin (136.27%) (67.28%) 2.11%
Free cash flow margin (220.44%) (85.58%) 0.00%
Return on equity (34.40%) 0.00% 2.67%
Return on assets (30.05%) (25.87%) 1.90%
Return on invested capital (45.82%) (3.11%) 0.25%

Growth

Metric RCAT YSS Aerospace & Defense median
Revenue growth (TTM) 836.18% — 18.25%
EPS growth (last fiscal year) (28.95%) 14.39% 24.80%
Revenue growth, 5-year CAGR 52.12% — 9.73%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric RCAT YSS Aerospace & Defense median
Debt to equity 0.00 0.08 0.18
Current ratio 14.86 5.34 2.85
Net debt to EBITDA 2.60 1.01 1.29

Dividend

Metric RCAT YSS Aerospace & Defense median
Dividend yield — — 0.87%
Payout ratio — — 0.30

Size

Metric RCAT YSS Aerospace & Defense median
Market cap 681.11m 836.51m 1.94b

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