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

Redwire Corporation and V2X, Inc. are both Aerospace & Defense companies. Redwire Corporation and V2X, Inc. are of similar size ($2.2B and $2.2B). Redwire Corporation has negative trailing earnings, so its P/E is not meaningful; V2X, Inc. trades at 23.9×. 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 23.94 31.81
P/S 4.33 0.45 3.55
P/B 1.13 1.94 2.59
Price to free cash flow n/m 15.68 31.99
EV/EBITDA n/m 9.34 18.08
EV/Sales 3.14 0.62 3.37
Earnings yield (17.42%) 4.18% 1.38%
Free cash flow yield (5.74%) 6.38% 0.21%

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% 1.43%
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% 24.27%
Revenue growth, 5-year CAGR 42.32% 26.27% 9.73%
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 — — 0.90%
Payout ratio — — 0.32

Size

Metric RDW VVX Aerospace & Defense median
Market cap 2.23b 2.15b 2.19b

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