Spartronics provides electronic contract manufacturing services and assembly across various vertical markets, including commercial aerospace, defense, medical devices, life sciences, instrumentation and control, and space.

Spartronics

Hanza AB (publ) provides manufacturing solutions. The company also offers cutting, bending, stamping, welding, and powder coating services for sheet and heavy mechanics; machining services, such as milling, turning, grinding, EMD, and surface treatment; and PCB assembly services. In addition, it provides cable harnesses solutions, including cutting, crimping, and marking, as well as assembly of harnesses based on customer requirements; and system integration and box build assembly services, which include final assembly of systems, testing, delivery to customer stock, and drop shipments to end customers. Further, the company offers gas turbines and offshore applications, as well as provides business advisory services; and 3D CAD modeling, mechanical design, electronic design, and prototyping services. It operates in Sweden, Finland, Estonia, Germany, Poland, the Czech Republic, China, and internationally. The company was formerly known as Hanza Holding AB (publ) and changed its name to Hanza AB (publ) in May 2022. Hanza AB (publ) was incorporated in 2008 and is headquartered in Kista, Sweden.

Hanza AB (publ)

Marmen offers machining, fabrication, and assembly services, specifically targeting OEMs and serving various markets including wind power and nuclear power. It is self-described as a major manufacturer of wind towers in North America.

Marmen

Maysteel is dedicated to providing metal fabrication solutions including custom enclosures for energy storage, servers, and utilities. The company also offers tailored manufacturing services with in-house engineering and supply chain expertise.

Metric
Company Name	Spartronics	Hanza AB (publ)	Marmen	Maysteel
Symbol		HANZA
MSH ID	COM:SPARTRONICS	COM:HANZA	COM:MARMENINC	COM:MAYSTEEL
Market	PRIVATE	STOCKS	PRIVATE	PRIVATE
Sector	Capital Goods & Industrials	Technology	Capital Goods & Industrials	Capital Goods & Industrials
Industry	Manufacturing	Hardware, Equipment & Parts	Manufacturing	Manufacturing
Country	US	SE	CA	US
Stage
Employee Count		2.68K		251
Website	spartronics.com	hanza.com	marmeninc.com	maysteel.com
LinkedIn
Founders

Metric
Market Cap		260.55M
Enterprise Value
Monthly Web Traffic	1.74K	9.48K	2.88K
Web Traffic Growth	-0.29	1.43	-0.62
Valuation
Raised Capital

Metric
Revenue		379.06M
Revenue (LTM)
Revenue (NTM)
Gross Profit		29.00M
EBITDA		41.54M
Operating Income		29.00M
Net Income		19.58M
EPS		0.49
Diluted EPS		0.49
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin		0.35
Operating Profit Margin		0.08
EBITDA Margin		0.11
Net Profit Margin		0.05
Return on Equity		0.19
Return on Assets		0.07
Return on Capital Employed		0.17

COM:SPARTRONICS

Spartronics

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio		14.99
P/B Ratio		2.89
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio		0.68
EV Multiple		5.13

Metric
Days Sales Outstanding
Days Payables Outstanding		79.49
Days Inventory Outstanding		170.58
Operating Cycle		201.00
Cash Conversion Cycle		127.17
Asset Turnover		1.41

Metric
Operating Cash Flow		25.34M
Free Cash Flow		-1.92M
Cash Flow to Debt		0.48
Operating Cash Flow/Sales		0.07
Free Cash Flow Yield		-0.03

Metric
Cash & Equivalents		31.11M
Accounts Receivable
Inventory		85.64M
Goodwill		35.41M
Debt to Capitalization		0.43
Debt to Assets		0.26
Current Ratio		1.16
Quick Ratio		0.62

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue		0.03