NEON vs ARLO vs EVLV Stock Comparison

Neonode, Arlo Technologies and Evolv Technologies Holdings Prices as of Oct 28, 2026 Peers: Industry group
NEON Neonode Inc.
$0.69 -22.5% 1M -78.5% 1Y
Market cap
$11.75M
P/E
1.4x
Revenue (TTM)
$2.04M
Div. yield
–
Computer Vision Technology
2 wins
ARLO Arlo Technologies, Inc.
$13.64 +8.3% 1M -29.2% 1Y
Market cap
$1.59B
P/E
52.1x
Revenue (TTM)
$587.15M
Div. yield
–
Computer Vision Technology
4 wins

Head to Head

8 decided of 12

Arlo Technologies leads on 4 of the 12 questions below (Arlo Technologies 4, Neonode 2, Evolv Technologies Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNEONARLOEVLVLeader
Larger companyMarket capitalisation $11.75M $1.59B $863.60M ARLO
Cheaper on earningsLower P/E, profitable companies only 1.4x 52.1x -165.4x NEON
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 15.3x — –
Faster revenue growthRevenue growth, trailing twelve months -21.7% +15.6% +41.7% EVLV
More profitableNet margin, trailing twelve months 398.1% 5.2% -3.0% NEON
Better return on capitalReturn on invested capital — — -23.8% –
Less leveragedLower net debt / EBITDA — — 4.1x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -78.5% -29.2% -41.6% ARLO
Better 5-year returnAnnualised price return, 5 years -40.1%/yr +14.6%/yr -3.5%/yr ARLO
Less volatileAnnualised volatility, 1 year 73.0% 52.9% 51.4% EVLV
Higher overall scoreMean of the five percentile scores vs peers 65/100 75/100 54/100 ARLO

Percentile Scorecard

NEONARLOEVLV

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNEONARLOEVLV
Valuation 76 #31 of 124 76 #30 of 124 53 #59 of 124
Growth 35 #74 of 113 90 #12 of 113 99 #2 of 113
Profitability 64 #40 of 109 72 #31 of 109 51 #54 of 109
Financial Health 87 #18 of 127 43 #73 of 127 33 #86 of 127
Shareholder Returns – 92 #6 of 63 36 #41 of 63
Overall 65 75 54
  • NEON ranked among 137 companies in Infrastructure Software
  • ARLO ranked among 137 companies in Infrastructure Software
  • EVLV ranked among 137 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNEONARLOEVLVSPY
1 month -22.5%+8.3%+2.4% +0.9%
3 months -8.0%-6.1%-14.2% +5.9%
6 months -56.1%-2.7%-32.3% +8.5%
Year to date -60.3%-2.5%-33.5% +13.3%
1 year -78.5%-29.2%-41.6% +12.4%
3 years -40.0%+67.4%+23.6% +88.1%
3 years, per year -15.7%+18.7%+7.3% +23.5%
5 years -92.2%+97.7%-16.3% +68.2%
5 years, per year -40.1%+14.6%-3.5% +11.0%
10 years -94.6%—— +263.4%
10 years, per year -25.3%—— +13.8%

Risk

MeasureNEONARLOEVLVSPY
Volatility, 1Y 73.0%52.9%51.4% 12.7%
Downside volatility, 1Y 81.5%54.4%54.9% 12.7%
Beta vs S&P 500, 1Y 2.401.401.33 1.00
Return / volatility, 1Y -1.08-0.55-0.81 0.98
Max drawdown, 5Y -97.6%-72.2%-77.9% -25.4%
From 52-week high -78.5%-29.5%-41.6% -0.9%
52-week high $3.21$19.34$8.15 $779.14
52-week low $0.69$11.23$4.05 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNEONARLOEVLV
P/E now vs peer median 1.4xmedian 37.9x 48.3xmedian 37.9x -164.2xmedian 37.9x
P/S now vs peer median 5.7xmedian 4.4x 2.5xmedian 4.4x 5.0xmedian 4.4x
EV/EBITDA now vs peer median -1.4xmedian 34.5x 60.8xmedian 34.5x -100.9xmedian 34.5x
P/FCF now vs peer median -1.0xmedian 26.6x 21.9xmedian 26.6x -2,418xmedian 26.6x
P/B now vs peer median 0.6xmedian 3.4x 9.3xmedian 3.4x 7.2xmedian 3.4x
PEG now vs peer median 0.03median 1.24 1.40median 1.24 -2.39median 1.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNEONARLOEVLV
Revenue $2.04M $587.15M $171.44M
Gross profit $2.02M $269.92M $85.49M
Operating income $7.05M $15.60M -$35.60M
Net income $8.13M $30.54M -$5.22M
Free cash flow -$11.28M $66.87M -$356.00K
R&D $3.64M $85.47M $22.69M
EPS (diluted) $0.48 $0.28 $-0.03
Cash & equivalents $21.32M $101.38M $52.70M
Total debt – – $28.74M
Shares (diluted) 16.78M 110.82M 180.10M
Enterprise value -$69.75M $1.10B $614.63M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNEONARLOEVLV
P/E 1.4x 48.3x -164.2x
P/FCF -1.0x 21.9x -2,418x
P/Operating cash flow -1.0x 18.8x 30.9x
P/S 5.7x 2.5x 5.0x
P/B 0.6x 9.3x 7.2x
P/Tangible book 0.6x 11.0x 7.2x
EV/EBITDA -1.4x 60.8x -100.9x
EV/EBIT -1.4x 87.5x -23.2x
EV/Revenue -4.8x 2.3x 4.8x
EV/FCF 0.9x 20.4x -2,323x
EV/Operating cash flow 0.9x 17.5x 29.7x
PEG (3Y EPS CAGR) 0.03 1.40 -2.39

Growth

14 metrics
MetricNEONARLOEVLV
Revenue growth (1Y) -21.7% 15.6% 41.7%
Revenue CAGR (3Y) -28.3% 7.5% 31.0%
Gross profit growth (1Y) -19.8% 32.3% 25.9%
Gross profit CAGR (3Y) -25.2% 22.8% 95.6%
Operating income growth (1Y) 200.7% 241.9% 49.1%
Operating income CAGR (3Y) 48.9% 31.3% 29.1%
Net income growth (1Y) 228.3% 535.6% 94.1%
Net income CAGR (3Y) 53.3% 36.2% 66.8%
EPS growth (1Y) 228.3% 524.8% 94.6%
EPS CAGR (3Y) 52.1% 34.6% 68.8%
Operating cash flow growth (1Y) -100.8% 20.8% 334.7%
Operating cash flow CAGR (3Y) -42.0% 131.3% 42.6%
Free cash flow growth (1Y) -101.8% 17.4% 98.1%
Free cash flow CAGR (3Y) -42.3% 187.5% 83.1%

Profitability

14 metrics
MetricNEONARLOEVLV
Gross margin 98.8% 46.0% 49.9%
EBITDA margin 348.6% 3.8% -4.8%
Operating margin 345.6% 2.7% -20.8%
Pretax margin 383.2% 5.4% -3.1%
Net margin 398.1% 5.2% -3.0%
FCF margin -552.8% 11.4% -0.2%
Operating cash flow margin -548.4% 13.3% 16.2%
Return on equity 37.2% 19.2% -4.4%
Return on assets 33.5% 8.3% -1.7%
Return on invested capital – – -23.8%
Return on capital employed 31.8% 9.0% -20.2%
Asset turnover 0.1x 1.6x 0.6x
Cash conversion (OCF / net income) -1.4x 2.6x -5.3x
Stock comp / revenue – 12.2% 13.5%

Financial Health

11 metrics
MetricNEONARLOEVLV
Debt / assets – – 9.5%
Debt / equity – – 0.2x
Net debt / EBITDA – – 4.1x
Debt / FCF – – -80.7x
Liabilities / assets 12.2% 57.7% 60.6%
Equity / assets 87.8% 42.3% 39.4%
Interest coverage – 28.2x -9.7x
Current ratio 10.9x 1.4x 1.2x
Quick ratio 10.6x 0.8x 0.8x
Cash ratio 10.3x 0.5x 0.5x
Altman Z-score -8.49 4.66 1.22

Shareholder Returns

7 metrics
MetricNEONARLOEVLV
Dividend yield – – –
Net buyback yield – 3.9% -0.6%
Shareholder yield – 3.9% -0.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNEONARLOEVLV
Forward P/E – 15.3xFY2026 –
EPS, next fiscal year $-0.37FY2026 $0.89FY2026 $-0.09FY2026
EPS growth, next FY -177.1%FY2026 +27.1%FY2026 –
EPS growth, the year after – +9.0% –
Revenue, next fiscal year $3.71MFY2026 $553.83MFY2026 $193.69MFY2026
Revenue growth, next FY +76.7%FY2026 +4.6%FY2026 +32.7%FY2026
Revenue growth, the year after +26.8% +8.0% +19.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNEONARLOEVLV
Held by institutions 11.6% 100.0% 67.2%
Institutions holding 51 261 257
Change in shares held, QoQ -35.0% +1.2% +2.2%
Institutions buying 25 146 133
Institutions selling 24 77 68
Buyers to sellers 1.04 1.90 1.96

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NEONARLOEVLV
NEON 1.00 0.15 0.25
ARLO 0.15 1.00 0.37
EVLV 0.25 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NEON, ARLO and EVLV?

Arlo Technologies (ARLO) is the largest by market capitalisation: Neonode (NEON) $11.75M, Arlo Technologies (ARLO) $1.59B, Evolv Technologies Holdings (EVLV) $863.60M.

Which stock is cheaper, NEON, ARLO and EVLV?

Neonode (NEON) trades on the lowest price-to-earnings ratio (Neonode (NEON) 1.4x, Arlo Technologies (ARLO) 52.1x, Evolv Technologies Holdings (EVLV) -165.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Evolv Technologies Holdings (EVLV) grew revenue fastest over the trailing twelve months: Neonode (NEON) -21.7%, Arlo Technologies (ARLO) +15.6%, Evolv Technologies Holdings (EVLV) +41.7%.

Which company is more profitable?

Neonode (NEON) has the highest net margin (Neonode (NEON) 398.1%, Arlo Technologies (ARLO) 5.2%, Evolv Technologies Holdings (EVLV) -3.0%).

Which stock has performed better?

Over the past year Arlo Technologies (ARLO) returned the most: Neonode (NEON) -78.5%, Arlo Technologies (ARLO) -29.2%, Evolv Technologies Holdings (EVLV) -41.6%. Over five years, Arlo Technologies (ARLO) compounded fastest (Neonode (NEON) -40.1%/yr, Arlo Technologies (ARLO) +14.6%/yr, Evolv Technologies Holdings (EVLV) -3.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Evolv Technologies Holdings (EVLV) has been the steadiest (Neonode (NEON) 73.0%, Arlo Technologies (ARLO) 52.9%, Evolv Technologies Holdings (EVLV) 51.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NEON, ARLO and EVLV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Arlo Technologies (ARLO) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.