Redwire Corporation (RDW) vs V2X, Inc. (VVX)

Redwire Corporation and V2X, Inc. are both Aerospace & Defense companies. Redwire Corporation is the larger, with a market value of $3.0B against $2.4B — 1.2× the size. Redwire Corporation has negative trailing earnings, so its P/E is not meaningful; V2X, Inc. trades at 26.0×. Redwire Corporation grew revenue faster over the last twelve months: 63.1% against 13.0%. V2X, Inc. has the higher net margin (1.88% vs −60.7%) and the higher return on invested capital (6.51% vs −12.0%). Across the 19 metrics below, V2X, Inc. leads on 12 and Redwire Corporation on 7.

Valuation

Metric RDW VVX Aerospace & Defense median
P/E n/m 25.96 33.00
P/S 6.01 0.49 3.63
P/B 1.57 2.10 3.24
Price to free cash flow n/m 16.99 34.01
EV/EBITDA n/m 9.91 18.69
EV/Sales 4.82 0.66 3.94
Earnings yield (12.56%) 3.85% 1.31%
Free cash flow yield (4.14%) 5.88% 0.00%

Profitability

Metric RDW VVX Aerospace & Defense median
Gross margin 20.10% 8.47% 25.48%
Operating margin (50.50%) 4.19% 4.54%
Net margin (60.67%) 1.88% 2.22%
Free cash flow margin (24.86%) 2.86% 0.00%
Return on equity (20.38%) 8.35% 6.43%
Return on assets (14.99%) 2.90% 2.70%
Return on invested capital (12.00%) 6.51% 1.56%

Growth

Metric RDW VVX Aerospace & Defense median
Revenue growth (TTM) 63.10% 12.99% 18.43%
EPS growth (last fiscal year) 2.98% 126.85% —
Revenue growth, 5-year CAGR 42.32% 26.27% 9.62%
Net income growth, 5-year CAGR 0.00% 16.08% 0.00%

Health

Metric RDW VVX Aerospace & Defense median
Debt to equity 0.03 0.92 0.24
Current ratio 3.92 1.32 2.72
Net debt to EBITDA 0.04 2.28 1.12

Dividend

Metric RDW VVX Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric RDW VVX Aerospace & Defense median
Market cap 2.96b 2.39b 2.52b

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