Soluna Holdings, Inc. (SLNH) vs ProCap Financial, Inc. (SVIA)

Soluna Holdings, Inc. and ProCap Financial, Inc. are both Capital Markets companies. ProCap Financial, Inc. is the larger, with a market value of $349.9M against $310.9M — 1.1× the size. ProCap Financial, Inc. has the higher net margin (0.00% vs −219.5%) and the higher return on invested capital (−4.27% vs −27.4%). Across the 12 metrics below, ProCap Financial, Inc. leads on 7 and Soluna Holdings, Inc. on 5.

Valuation

Metric SLNH SVIA Capital Markets median
P/E n/m n/m 15.78
P/S 3.80 n/m 2.32
P/B 0.76 1.33 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 1.69 n/m 2.28
Earnings yield (68.89%) (16,543,903.83%) (3.77%)
Free cash flow yield (30.84%) (4.18%) (1.49%)

Profitability

Metric SLNH SVIA Capital Markets median
Gross margin 16.11% — 62.80%
Operating margin (127.03%) 0.00% 0.00%
Net margin (219.50%) 0.00% (0.55%)
Free cash flow margin (117.11%) 0.00% 0.00%
Return on equity (77.06%) 0.00% 0.00%
Return on assets (47.92%) (96.78%) 0.00%
Return on invested capital (27.40%) (4.27%) 0.00%

Growth

Metric SLNH SVIA Capital Markets median
Revenue growth (TTM) 50.86% — 21.02%
EPS growth (last fiscal year) 80.41% — —
Revenue growth, 5-year CAGR 118.62% — 18.16%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric SLNH SVIA Capital Markets median
Debt to equity 0.17 0.35 0.08
Current ratio 2.06 0.18 1.51
Net debt to EBITDA 3.24 (2.91) (0.24)

Dividend

Metric SLNH SVIA Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 — 0.00

Size

Metric SLNH SVIA Capital Markets median
Market cap 310.85m 349.94m 724.58m

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