Spruce Power Holding Corporation (SPRU) vs Zeo Energy Corp. (ZEO)

Spruce Power Holding Corporation and Zeo Energy Corp. are both Solar companies. Spruce Power Holding Corporation is the larger, with a market value of $38.1M against $23.6M — 1.6× the size. Spruce Power Holding Corporation grew revenue faster over the last twelve months: 10.2% against 10.2%. Spruce Power Holding Corporation has the higher net margin (−6.76% vs −15.4%) and the higher return on invested capital (2.16% vs −98.8%). Across the 17 metrics below, Spruce Power Holding Corporation leads on 11 and Zeo Energy Corp. on 6.

Valuation

Metric SPRU ZEO Solar median
P/E n/m n/m 10.93
P/S 0.33 0.19 0.54
P/B 0.29 1.44 1.44
Price to free cash flow 4.56 n/m 9.91
EV/EBITDA 10.39 n/m 9.90
EV/Sales 5.69 0.16 0.74
Earnings yield (22.16%) (73.29%) 0.00%
Free cash flow yield 21.93% (46.95%) 0.00%

Profitability

Metric SPRU ZEO Solar median
Gross margin 66.41% 51.10% 31.92%
Operating margin 22.47% (16.60%) (9.70%)
Net margin (6.76%) (15.43%) (8.48%)
Free cash flow margin 7.30% (8.74%) (2.95%)
Return on equity (5.86%) 44.16% 5.34%
Return on assets (0.87%) (21.68%) (5.36%)
Return on invested capital 2.16% (98.81%) (5.27%)

Growth

Metric SPRU ZEO Solar median
Revenue growth (TTM) 10.22% 10.17% 16.97%
EPS growth (last fiscal year) 62.30% (16.67%) —
Revenue growth, 5-year CAGR 40.62% — 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SPRU ZEO Solar median
Debt to equity 5.39 0.08 0.09
Current ratio 0.40 1.56 1.33
Net debt to EBITDA 11.36 0.49 0.03

Dividend

Metric SPRU ZEO Solar median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric SPRU ZEO Solar median
Market cap 38.12m 23.63m 43.46m

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