Tron Inc. (TRON) vs Xponential Fitness, Inc. (XPOF)

Tron Inc. and Xponential Fitness, Inc. are both Leisure companies. Tron Inc. is the larger, with a market value of $557.4M against $228.0M — 2.4× the size. Tron Inc. grew revenue faster over the last twelve months: 19.7% against −8.95%. Tron Inc. has the higher net margin (135.6% vs −19.1%) and the lower return on invested capital (−0.58% vs 9.84%). Across the 16 metrics below, Tron Inc. leads on 8 and Xponential Fitness, Inc. on 8.

Valuation

Metric TRON XPOF Leisure median
P/E n/m n/m 18.46
P/S 103.13 0.66 1.01
P/B 2.06 n/m 2.15
Price to free cash flow n/m n/m 12.25
EV/EBITDA n/m 13.15 11.28
EV/Sales 101.40 2.36 1.97
Earnings yield (9.80%) (32.31%) 2.68%
Free cash flow yield (0.45%) (1.50%) 3.47%

Profitability

Metric TRON XPOF Leisure median
Gross margin 24.65% 82.36% 48.02%
Operating margin (44.62%) 6.21% 3.08%
Net margin 135.61% (19.08%) 2.58%
Free cash flow margin (44.21%) (1.00%) 2.13%
Return on equity 3.77% 15.97% 0.00%
Return on assets 3.73% (15.51%) 0.05%
Return on invested capital (0.58%) 9.84% 3.95%

Growth

Metric TRON XPOF Leisure median
Revenue growth (TTM) 19.66% (8.95%) 3.28%
EPS growth (last fiscal year) 56.76% 32.07% (0.49%)
Revenue growth, 5-year CAGR — 24.19% 4.22%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric TRON XPOF Leisure median
Debt to equity 0.00 (1.37) 0.02
Current ratio 27.40 0.75 1.76
Net debt to EBITDA 4.79 6.34 1.53

Dividend

Metric TRON XPOF Leisure median
Dividend yield — — 2.02%
Payout ratio — — 0.27

Size

Metric TRON XPOF Leisure median
Market cap 557.40m 228.03m 357.58m

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