Draganfly Inc. (DPRO) vs Merlin, Inc. (MRLN)

A side-by-side comparison of Draganfly Inc. and Merlin, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

DPRO

Draganfly Inc.

$180M

$4.94IndustrialsDelayed quote: Oct 6, 2026, 10:55 AM EDT

MRLN

Merlin, Inc.

$150M

$1.56IndustrialsDelayed quote: Oct 6, 2026, 10:55 AM EDT

Total return — DPRO vs MRLN

growth of $100 · dividends reinvested · last 1y

DPRO -33.3% (-33.3%/yr)MRLN -85.0% (-85.0%/yr)DPRO compounded faster over this window

DPRO MRLN

DPRO vs MRLN: by the numbers

•DPRO is the larger company ($180M vs $150M market cap).
•Both run net losses; DPRO's is the smaller (-358.71% vs -4617.12% net margin).

Metrics side by side

Valuation

Metric	DPRO	MRLN
P/S ratio	27.80	46.96
P/B ratio	1.72	N/A

Profitability

Metric	DPRO	MRLN
Gross margin	13.72%	0.00%
Operating margin	-268.92%	0.00%
Net margin	-358.71%	-4617.12%
ROE	-22.17%	-235.84%
ROIC	-24.39%	-33.08%

Growth (annualized)

Metric	DPRO	MRLN
Revenue CAGR (5Y)	4.99%	N/A
Total return CAGR (5Y)	-43.52%	N/A

Go deeper

Full DPRO analysis Full MRLN analysis Interactive comparison tool

Dig into the metrics

Draganfly ROE Merlin ROE Draganfly operating margin Merlin operating margin Draganfly revenue growth Merlin revenue growth Draganfly free cash flow Merlin free cash flow

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.