CODA
Coda Octopus Group, Inc.
CODA has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW's outlook is improving, though it still trails on the overall score.
CODA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Unavailable | |
| Strong |
CODA's profitability and balance sheet are currently strong, and its revenue is stable. There isn't enough data to rate its cash flow.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
CODA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $7.02 | -19% |
| Forward | 16x | $8.65 | — |
| Current | 19x | $8.65 | — |
| Fair | 20x | $9.22 | +6.5% |
| Expensive | 29x | $13.13 | +52% |
Historical ranges are pointers, not guarantees.
CODA's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
CODA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CODA, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
CODA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.54 | +19% |
| Q3 2026 | $0.45 | +55% |
| Q2 2026 | $0.44 | +52% |
| Q1 2026 | $0.37 | +8.8% |
| Q4 2025 | $0.37 | +16% |
| Q3 2025 | $0.29 | +3.6% |
| Q2 2025 | $0.29 | +12% |
| Q1 2025 | $0.34 | +55% |
| Q4 2024 | $0.32 | +14% |
CODA has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
CODA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $6.9M | -1.6% |
| Q1 2026 | $6.7M | +29% |
| Q4 2025 | $7.3M | +44% |
| Q3 2025 | $7.1M | +29% |
| Q2 2025 | $7M | +32% |
| Q1 2025 | $5.2M | +17% |
| Q4 2024 | $5.1M | +42% |
| Q3 2024 | $5.5M | +12% |
RDW has the stronger quarterly revenue trend. Revenue is down 1.6% for CODA versus up 5.4% for RDW.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | +11 points |
| Q1 2026 | 15% | +2.3 points |
| Q4 2025 | 19% | +14 points |
| Q3 2025 | 20% | -5.9 points |
| Q2 2025 | 16% | -9.9 points |
| Q1 2025 | 13% | +0.3 points |
| Q4 2024 | 5.7% | +15 points |
| Q3 2024 | 25% | +7.8 points |
CODA's operating margin was 26% last quarter, up 10 points from the same quarter a year ago, near the top of its range since 2019.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
CODA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2M | -23% |
| Q2 2026 | $449.1K | -68% |
| Q1 2026 | $1.4M | +172% |
| Q4 2025 | $2.5M | +30% |
| Q3 2025 | $1.6M | +3.1% |
| Q2 2025 | $1.4M | +$2.5M |
| Q1 2025 | $513.4K | +$947K |
| Q4 2024 | $1.9M | +$2.5M |
CODA has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
CODA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +13.1K shares |
| 1 year | 0% | -5.6K shares |
| 3 years | +0.1% | +14.8K shares |
| 5 years | -0.4% | -43.7K shares |
| Available history | +5.8% | +619K shares |
CODA has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CODA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.8x | Net Cash |
| Q2 2026 | -4.8x | Net Cash |
| Q1 2026 | -5.3x | Net Cash |
| Q4 2025 | -5.3x | Net Cash |
| Q3 2025 | -6.2x | Net Cash |
| Q2 2025 | -5.8x | Net Cash |
| Q1 2025 | -5.1x | Net Cash |
| Q4 2024 | -5.2x | Net Cash |
CODA has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CODA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 11.4 | Oversold |
CODA's weekly RSI is 37 (neutral) and its Stochastic is 11 (oversold).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
CODA PE vs Industrials Sector
| Metric | CODA | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 20% below |
| PE % | 42 | 58 | 16 pts below |
CODA is trading at 19x earnings, a 20% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
CODA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.66 | 10% below |
| 20 week MA | $9.96 | 13% below |
| 50 week MA | $10.9 | 20% below |
| 100 week MA | $9.32 | 7.2% below |
| 200 week MA | $8.26 | 4.7% above |
CODA has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
CODA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.68 | $5.97 | -31% |
| 2021 | $5.97 | $7.96 | +33% |
| 2022 | $7.96 | $7.09 | -11% |
| 2023 | $7.09 | $6.02 | -15% |
| 2024 | $6.02 | $8.01 | +33% |
| 2025 | $8.01 | $9.36 | +17% |
| 2026 YTD | $9.36 | $8.65 | -7.6% |
CODA has finished lower in three of the last six years. It's down 7.6% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over CODA on returns for 2026, with the stronger performance.