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← CockpitCompetitor Analysis › EVLV Evolv Technologies Holdings, Inc.Open in the cockpit ↗

Evolv Technologies Holdings, Inc.EVLVCompetitor analysis, valuation and peers

United States · USD·Information Technology›Electronic Equipment/Instruments
Momentum weak 21
Mkt cap
$826M
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$9.26M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-41.4 pp
WACC 13.6%
Hurdle
n/a
no reverse DCF
Next earnings
4 days
10 Nov 2026
Close · USD$4.56
1D+0.7%
1W-2.8%
1M-0.4%
3M-22.2%
6M-35.3%
YTD-36.3%
1Y-37.1%
ATR %4.4%
Beta1.35
52w lowhigh39.0% off high

What Evolv Technologies does

Employees: 286

Evolv Technologies at a glance

Size Evolv Technologies (EVLV) is a United States Information Technology company (Electronic Equipment/Instruments) with a market value of $826M, the 2377th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.56 on 6 Nov 2026.

Performance Over six months the shares fell 35.3%, against -13.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.

Growth Revenue grew 41.7% over the last twelve months (peer median +6.9%); the operating margin is -19.9% (peer median 3.2%).

Valuation It trades at 4.7× enterprise value to sales against a peer median of 4.6× (11th cheapest of 21).

Capital Return on invested capital runs 41.4 points below its cost of capital (13.6% WACC).

Backlog Backlog (remaining performance obligations) was $313M at 30 Jun 2026, up 13% on a year earlier — 1.8 years of trailing revenue. Backlog detail →

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 82EVLV 66
Six months, rebased to 100: Evolv Technologies against the median of its 20 peers (local-currency closes).

Evolv Technologies financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$171M$146M$104M$79.6M$55.2M
Revenue growth—+40%+31%+44%—
Gross profit$85.7M$75.3M$59.3M$31.9M$12.2M
EBITDA-$7.24M-$20.5M-$64.7M-$80.0M-$84.6M
Net income-$5.22M-$33.1M-$54.0M-$108M-$86.4M
Free cash flow-$6.01M-$18.3M-$62.0M-$78.9M-$96.2M
Capital expenditure$33.4M$37.0M$37.3M$72.7M$24.2M
Total debt$41.6M$42.2M$14.5M$1.39M$31.7M

Quarterly statements and history in the cockpit →

Evolv Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%300018002730300862301525688550005070CAT30098530070630166730038624986588TBTG3004203016297734EVLV6-month return →1-month return →
Up and to the right = strong over both horizons. Evolv Technologies is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%+60%0×5×10×15×300018002730300862301525688550005070CAT300985300706227230166730038630057224986588300420301629EVLVRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Evolv Technologies is the large dot.

Evolv Technologies competitors and peer comparison

How Evolv Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Evolv Technologies against its 20 peers (data as of 6 Nov 2026)
MeasureEVLVPeer medianRank in peer set
1-month return-0.4%-10.1%5th highest of 21
6-month return-35.3%-13.2%6th lowest of 20
Distance from 52-week high-39.0%-48.0%6th highest of 21
Revenue growth (TTM)+41.7%+6.9%2nd highest of 20
Operating margin-19.9%3.2%4th lowest of 21
EV / Sales4.7×4.6×11th cheapest of 21
ROIC minus cost of capital-41.4 pp-6.8 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Evolv Technologies EVLVUnited States$826M-35%+42%-20%4.7×n/an/a
Wuhan Zhongyuan Huadian Science & Technology 300018.SZChina$825M-17%+3%17%7.9×25.8%+10.0%
Dianguang Explosion-proof Technology 002730.SZChina$832M-54%-6%6%5.6×n/an/a
Anhui Landun Photoelectron 300862.SZChina$814M+31%-27%-23%12.8×n/an/a
Shanghai Ruking Technologies 301525.SZChina$838M-13%-2%1%3.1×n/an/a
Xi'an Manareco New Materials 688550.SSChina$850M-19%-2%13%2.8×7.4%+9.8%
Cosmo AM&T 005070.KSSouth Korea$789M-45%+8%2%2.0×29.5%+17.4%
Catapult Sports CAT.AXAustralia$788M+15%+19%-17%5.0×27.1%+18.0%
Changchun Zhiyuan New Energy Equipment 300985.SZChina$786M+22%+55%-5%3.5×n/an/a
Fujian Acetron New Materials 300706.SZChina$873M-11%+19%3%4.2×n/an/a
Keytop Parking 2272.HKHong Kong$761Mn/a+4%11%6.3×n/an/a
RNBC New Energy 301667.SZChina$755M-59%+24%6%3.0×n/an/a
Feitian Technologies 300386.SZChina$909M-17%-20%-20%10.0×n/an/a
Shenzhen Anche Technologies 300572.SZChina$747M-29%+13%-33%8.0×n/an/a
RoboSense Technology Company 2498.HKHong Kong$914M-55%+32%-22%2.0×n/an/a
Toshiba Tec 6588.TJapan$918M-2%+7%3%0.2×n/an/a
Beauty Tech TBTG.LUnited Kingdom$742M+71%n/a21%3.6×4.5%n/a
Jiangsu Wuyang Automation Control Technology 300420.SZChina$921M+51%-10%5%7.1×n/an/a
Sidea Semiconductor Equipment (Shenzhen) 301629.SZChina$924M-39%-27%0%16.1×n/an/a
Riken Keiki 7734.TJapan$930M-7%+11%22%2.1×2.6%+11.4%
Zhejiang Shuangyuan Technology 688623.SSChina$733M-10%+10%7%8.2×39.1%+15.5%

Evolv Technologies backlog

Evolv Technologies reported $313M of remaining performance obligations at 30 Jun 2026, up 13% from a year earlier and up 5% from the previous quarter. That is 1.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.31.

Questions

Which companies are Evolv Technologies's closest peers?
The cockpit's peer set: Wuhan Zhongyuan Huadian Science & Technology (300018.SZ), Dianguang Explosion-proof Technology (002730.SZ), Anhui Landun Photoelectron (300862.SZ), Shanghai Ruking Technologies (301525.SZ), Xi'an Manareco New Materials (688550.SS), Cosmo AM&T (005070.KS), Catapult Sports (CAT.AX), Changchun Zhiyuan New Energy Equipment (300985.SZ).
Is Evolv Technologies expensive compared with its peers?
On ev / sales it trades at 4.7× against a peer median of 4.6×, 11th cheapest of 21 in its peer set.
How has Evolv Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -35.3% against -13.2% for the median peer; over one year -37.1%.
What is Evolv Technologies's backlog?
Evolv Technologies's remaining performance obligations (contracted revenue not yet recognised) were $313M at 30 Jun 2026, +13% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.