Rigetti Computing, Inc. (RGTI) vs Super Micro Computer, Inc. (SMCI)

Rigetti Computing, Inc. and Super Micro Computer, Inc. are both Computer Hardware companies. Super Micro Computer, Inc. is the larger, with a market value of $27.7B against $5.5B — 5.0× the size. Rigetti Computing, Inc. has negative trailing earnings, so its P/E is not meaningful; Super Micro Computer, Inc. trades at 12.1×. Super Micro Computer, Inc. grew revenue faster over the last twelve months: 77.8% against 68.5%. Super Micro Computer, Inc. has the higher net margin (5.71% vs −1,787.4%) and the higher return on invested capital (11.0% vs −42.3%). Across the 18 metrics below, Super Micro Computer, Inc. leads on 14 and Rigetti Computing, Inc. on 4.

Valuation

Metric RGTI SMCI Computer Hardware median
P/E n/m 12.05 20.64
P/S 415.74 0.67 2.95
P/B 10.33 2.54 2.78
Price to free cash flow n/m n/m 25.64
EV/EBITDA n/m 9.43 20.51
EV/Sales 387.25 0.70 3.48
Earnings yield (4.44%) 8.30% (4.08%)
Free cash flow yield (1.58%) (26.73%) (2.90%)

Profitability

Metric RGTI SMCI Computer Hardware median
Gross margin 34.61% 10.82% 37.84%
Operating margin (727.62%) 7.09% (0.80%)
Net margin (1,787.40%) 5.71% (14.15%)
Free cash flow margin (655.90%) (17.81%) 0.00%
Return on equity (43.77%) 26.95% (2.10%)
Return on assets (37.15%) 10.15% (0.42%)
Return on invested capital (42.25%) 11.04% 0.00%

Growth

Metric RGTI SMCI Computer Hardware median
Revenue growth (TTM) 68.49% 77.79% 27.21%
EPS growth (last fiscal year) 35.78% 94.05% —
Revenue growth, 5-year CAGR — 61.48% 0.81%
Net income growth, 5-year CAGR 0.00% 81.94% 0.00%

Health

Metric RGTI SMCI Computer Hardware median
Debt to equity 0.00 0.60 0.00
Current ratio 3.94 3.87 2.76
Net debt to EBITDA 5.13 0.42 0.46

Dividend

Metric RGTI SMCI Computer Hardware median
Dividend yield — — 2.47%
Payout ratio 0.00 0.00 0.00

Size

Metric RGTI SMCI Computer Hardware median
Market cap 5.52b 27.73b 462.08m

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