Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Aerospace & Defense Stocks

Aerospace & Defense: The Boeing Company owns the largest revenue base; AeroVironment, Inc. has the fastest current growth.

The industry itself · before any single company

How has Aerospace & Defense moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 84% ahead of S&P 500. Earnings across its companies grew 16% on average over the last four reported quarters.

BASING · +8 joinedPrice and the fundamentals both up24 of 59 companies ahead of S&P 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS — · 31/58 >200d (−9) · 24/59 lead (+8) · EPS 40/57↑

200500202620252024202320222021 554348 TRAILING 12-MONTH EPS · 100 AT THE START0100184Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 20 reportingJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 31 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 34 reportingDec 2022 · trailing 12-month earnings per share at 105, against 100 at the start · no comparable year yet · 37 reportingMar 2023 · trailing 12-month earnings per share at 109, against 100 at the start · up 8.7% on a year ago · 24 reportingJun 2023 · trailing 12-month earnings per share at 116, against 100 at the start · up 14.7% on a year ago · 31 reportingSep 2023 · trailing 12-month earnings per share at 106, against 100 at the start · up 10.1% on a year ago · 37 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 14.2% on a year ago · 34 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · up 15.8% on a year ago · 32 reportingJun 2024 · trailing 12-month earnings per share at 102, against 100 at the start · up 5.3% on a year ago · 32 reportingSep 2024 · trailing 12-month earnings per share at 112, against 100 at the start · up 5.3% on a year ago · 33 reportingDec 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 14.4% on a year ago · 32 reportingMar 2025 · trailing 12-month earnings per share at 113, against 100 at the start · up 17.6% on a year ago · 33 reportingJun 2025 · trailing 12-month earnings per share at 120, against 100 at the start · up 7.8% on a year ago · 34 reportingSep 2025 · trailing 12-month earnings per share at 130, against 100 at the start · up 14.5% on a year ago · 32 reportingDec 2025 · trailing 12-month earnings per share at 132, against 100 at the start · up 19.4% on a year ago · 31 reportingMar 2026 · trailing 12-month earnings per share at 184, against 100 at the start · up 20.3% on a year ago · 30 reportingNot reported yet — earnings trail price by a quarter or two184 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200500202620252024202320222021 554348 TRAILING 12-MONTH EPS · 100 AT THE START0100184Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 20 reportingJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 31 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 34 reportingDec 2022 · trailing 12-month earnings per share at 105, against 100 at the start · no comparable year yet · 37 reportingMar 2023 · trailing 12-month earnings per share at 109, against 100 at the start · up 8.7% on a year ago · 24 reportingJun 2023 · trailing 12-month earnings per share at 116, against 100 at the start · up 14.7% on a year ago · 31 reportingSep 2023 · trailing 12-month earnings per share at 106, against 100 at the start · up 10.1% on a year ago · 37 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 14.2% on a year ago · 34 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · up 15.8% on a year ago · 32 reportingJun 2024 · trailing 12-month earnings per share at 102, against 100 at the start · up 5.3% on a year ago · 32 reportingSep 2024 · trailing 12-month earnings per share at 112, against 100 at the start · up 5.3% on a year ago · 33 reportingDec 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 14.4% on a year ago · 32 reportingMar 2025 · trailing 12-month earnings per share at 113, against 100 at the start · up 17.6% on a year ago · 33 reportingJun 2025 · trailing 12-month earnings per share at 120, against 100 at the start · up 7.8% on a year ago · 34 reportingSep 2025 · trailing 12-month earnings per share at 130, against 100 at the start · up 14.5% on a year ago · 32 reportingDec 2025 · trailing 12-month earnings per share at 132, against 100 at the start · up 19.4% on a year ago · 31 reportingMar 2026 · trailing 12-month earnings per share at 184, against 100 at the start · up 20.3% on a year ago · 30 reportingNot reported yet — earnings trail price by a quarter or two184No earnings on file this far back — the price series reaches further than the filings do
Aerospace & Defense, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.
Together24 of 59 stocks moving
Fresh12 crossed in the last 4 weeks
Backed by scoresmovers score +8 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 8/12+4
Mid 10/21+4
Small 6/260

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 59 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Aerospace & Defense outperforming S&P 500?

Aerospace & Defense has outperformed S&P 500 by 10.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 1%. 13 of 27 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Hexcel Corporation is the strongest against the sector itself at +27.2%.

+1.0%Sector vs S&P 500 · 13 weeks
+10.2%Sector vs S&P 500 · 52 weeks
13/27Stocks leading S&P 500
13/27Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Aerospace & Defense has outperformed S&P 500 by 10.2% over 52 weeks and 1% over 13 weeks. 13 of 27 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 27 beat the sector itself. The Boeing Company leads with revenue of $92,184 million, based on 22 of 30 comparable companies through Mar 2026.

Is the Aerospace & Defense sector outperforming S&P 500?

Aerospace & Defense has outperformed S&P 500 by 10.2% over 52 weeks and 1% over 13 weeks. 13 of 27 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 27 beat the sector itself.

Which Aerospace & Defense company is largest by revenue?

The Boeing Company leads with revenue of $92,184 million, based on 22 of 30 comparable companies through Mar 2026.

Which Aerospace & Defense company is growing fastest?

AeroVironment, Inc. has the fastest current revenue growth at 100%, across 22 of 30 comparable companies.

Which Aerospace & Defense company has the strongest 4-Factor Sector Score?

Howmet Aerospace Inc. ranks first at 70.3/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Aerospace & Defense company reports the most CAPEX?

Space Exploration Technologies Corp. reports the largest latest CAPEX at $8,919 million, with 30 of 30 companies comparable.

Which Aerospace & Defense company has the least gross debt?

Rocket Lab Corporation has the lowest comparable gross debt at $139 million. The Boeing Company has the highest at $47,209 million.

Which Aerospace & Defense company has the lowest comparable PEG?

Embraer S.A. has the lowest comparable Guarded PEG at 0.51, among 14 of 30 companies that pass the metric’s comparability rules.

How much history does this Aerospace & Defense comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
30
complete canonical membership
Combined market value
$3.4T
Space Exploration Technologies Corp.
Revenue growing
22/22
positive TTM year-on-year growth
Beating S&P 500
13/27
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Howmet Aerospace Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Embraer S.A. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Hexcel Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Howmet Aerospace Inc. · HWM

70.3/100 · Favorable setup · 82% evidence

Exact sum: 25.6 + 15.3 + 10.9 + 18.5 = 70.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

25.6/35Growth & earnings

Revenue 14.2% · PAT 38.9% · OPM change 7.2 pp

83% evidence

15.3/25Capital efficiency

ROCE 7.5% · debt/equity 0.85×

80% evidence

10.9/20Valuation

P/E 53.5× · PEG 1.32

65% evidence

18.5/20Relative strength

RS sector 18.2% · RS bench 18.3% · 1Y 55.2%

100% evidence

2. HEICO Corporation · HEI

68.7/100 · Favorable setup · 86% evidence

Exact sum: 25.4 + 15.8 + 10.4 + 17.1 = 68.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

25.4/35Growth & earnings

Revenue 18.8% · PAT 30.2% · OPM change 2.9 pp

95% evidence

15.8/25Capital efficiency

ROCE 4.3% · debt/equity 0.48×

80% evidence

10.4/20Valuation

P/E 48.2× · PEG 1.56

65% evidence

17.1/20Relative strength

RS sector 5.6% · RS bench 6.5% · 1Y 11.8%

100% evidence

3. Woodward, Inc. · WWD

67.0/100 · Favorable setup · 82% evidence

Exact sum: 23.9 + 15.8 + 9.9 + 17.4 = 67

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

23.9/35Growth & earnings

Revenue 19% · PAT 34.9% · OPM change 1.2 pp

83% evidence

15.8/25Capital efficiency

ROCE 4.5% · debt/equity 0.45×

80% evidence

9.9/20Valuation

P/E 45.9× · PEG 1.67

65% evidence

17.4/20Relative strength

RS sector 17.1% · RS bench 16.9% · 1Y 58.3%

100% evidence

4. Leonardo DRS, Inc. · DRS

66.8/100 · Favorable setup · 82% evidence

Exact sum: 23.3 + 16.1 + 9.4 + 18 = 66.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

23.3/35Growth & earnings

Revenue 10.5% · PAT 74.4% · OPM change 1.7 pp

83% evidence

16.1/25Capital efficiency

ROCE 5% · debt/equity 0.06×

80% evidence

9.4/20Valuation

P/E 41.6× · PEG 1.81

65% evidence

18.0/20Relative strength

RS sector 9.8% · RS bench 10.4% · 1Y 18.1%

100% evidence

5. RTX Corporation · RTX

65.4/100 · Favorable setup · 82% evidence

Exact sum: 20.8 + 11.5 + 15.1 + 18 = 65.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.8/35Growth & earnings

Revenue 10.6% · PAT 55.3% · OPM change 1.6 pp

83% evidence

11.5/25Capital efficiency

ROCE 2.3% · debt/equity 0.57×

80% evidence

15.1/20Valuation

P/E 36.2× · PEG 0.64

65% evidence

18.0/20Relative strength

RS sector 11.3% · RS bench 11.5% · 1Y 39.4%

100% evidence

6. Elbit Systems Ltd. · ESLT

62.1/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.4 + 14.3 + 11.5 + 13.9 = 62.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.4/35Growth & earnings

Revenue 14.8% · PAT 66.9% · OPM change 1.5 pp

83% evidence

14.3/25Capital efficiency

ROCE 3.1% · debt/equity 0.21×

80% evidence

11.5/20Valuation

P/E 68.8× · PEG 1.21

65% evidence

13.9/20Relative strength

RS sector 15.4% · RS bench 14.5% · 1Y 76%

100% evidence

7. General Dynamics Corporation · GD

58.8/100 · Thin evidence · provisional · 59% evidence

Exact sum: 17.5 + 14.7 + 11.1 + 15.5 = 58.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.5/35Growth & earnings

Revenue — · PAT — · OPM change 0.5 pp

45% evidence

14.7/25Capital efficiency

ROCE 3.6% · debt/equity 0.31×

80% evidence

11.1/20Valuation

P/E 22× · PEG —

15% evidence

15.5/20Relative strength

RS sector 5.4% · RS bench 6% · 1Y 26.5%

100% evidence

8. Lockheed Martin Corporation · LMT

57.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20 + 11.9 + 11.3 + 13.8 = 57

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.0/35Growth & earnings

Revenue — · PAT — · OPM change -1.8 pp

45% evidence

11.9/25Capital efficiency

ROCE 6.8% · debt/equity 2.34×

80% evidence

11.3/20Valuation

P/E 18.7× · PEG —

15% evidence

13.8/20Relative strength

RS sector 2% · RS bench 1.8% · 1Y 38.1%

100% evidence

9. Hexcel Corporation · HXL

55.8/100 · Mixed-positive evidence · 82% evidence

Exact sum: 14.9 + 10.8 + 11.6 + 18.5 = 55.8

Decision use: Price leads the evidence: RS versus the benchmark is 27.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

14.9/35Growth & earnings

Revenue 2.7% · PAT -5.6% · OPM change 1.8 pp

83% evidence

10.8/25Capital efficiency

ROCE 2.4% · debt/equity 0.79×

80% evidence

11.6/20Valuation

P/E 53.2× · PEG 1.25

65% evidence

18.5/20Relative strength

RS sector 27.2% · RS bench 27.3% · 1Y 84.8%

100% evidence

10. GE Aerospace · GE

55.7/100 · Mixed-positive evidence · 86% evidence

Exact sum: 19.5 + 10.8 + 8.2 + 17.2 = 55.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.5/35Growth & earnings

Revenue 21.7% · PAT 18.8% · OPM change 0.3 pp

95% evidence

10.8/25Capital efficiency

ROCE 2.9% · debt/equity 1.07×

80% evidence

8.2/20Valuation

P/E 43.9× · PEG 2.09

65% evidence

17.2/20Relative strength

RS sector 9% · RS bench 9.6% · 1Y 35%

100% evidence

11. Curtiss-Wright Corporation · CW

55.0/100 · Mixed-positive evidence · 82% evidence

Exact sum: 20.2 + 15.6 + 6.6 + 12.6 = 55

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.2/35Growth & earnings

Revenue 12.2% · PAT 19.1% · OPM change 1.5 pp

83% evidence

15.6/25Capital efficiency

ROCE 4% · debt/equity 0.44×

80% evidence

6.6/20Valuation

P/E 49.9× · PEG 2.33

65% evidence

12.6/20Relative strength

RS sector 7.6% · RS bench 7.6% · 1Y 47.7%

100% evidence

12. StandardAero, Inc. · SARO

52.0/100 · Mixed-positive evidence · 72% evidence

Exact sum: 19.1 + 8.7 + 10.9 + 13.3 = 52

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.1/35Growth & earnings

Revenue 15% · PAT 100% · OPM change -0.2 pp

83% evidence

8.7/25Capital efficiency

ROCE 2.8% · debt/equity 0.91×

80% evidence

10.9/20Valuation

P/E 29.4× · PEG —

15% evidence

13.3/20Relative strength

RS sector 0.6% · RS bench 1.1% · 1Y 8.3%

100% evidence

13. Embraer S.A. · EMBJ

50.3/100 · Mixed-positive evidence · 82% evidence

Exact sum: 15.6 + 7.5 + 14.1 + 13.1 = 50.3

Decision use: Price leads the evidence: RS versus the benchmark is 2.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.6/35Growth & earnings

Revenue 20% · PAT -22.2% · OPM change 1 pp

83% evidence

7.5/25Capital efficiency

ROCE 1.1% · debt/equity 0.77×

80% evidence

14.1/20Valuation

P/E 54.9× · PEG 0.51

65% evidence

13.1/20Relative strength

RS sector 1.7% · RS bench 2.1% · 1Y 21.6%

100% evidence

14. Axon Enterprise, Inc. · AXON

46.5/100 · Mixed-negative evidence · 72% evidence

Exact sum: 20.5 + 8.6 + 8.6 + 8.8 = 46.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.5/35Growth & earnings

Revenue 34% · PAT -37.8% · OPM change 5.1 pp

83% evidence

8.6/25Capital efficiency

ROCE 0.6% · debt/equity 0.52×

80% evidence

8.6/20Valuation

P/E 170.6× · PEG —

15% evidence

8.8/20Relative strength

RS sector -11% · RS bench -9.3% · 1Y -26.2%

100% evidence

15. L3Harris Technologies, Inc. · LHX

46.4/100 · Thin evidence · provisional · 57% evidence

Exact sum: 18.8 + 11.6 + 10.7 + 5.3 = 46.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.8/35Growth & earnings

Revenue — · PAT — · OPM change 1.2 pp

39% evidence

11.6/25Capital efficiency

ROCE 2% · debt/equity 0.58×

80% evidence

10.7/20Valuation

P/E 33.5× · PEG —

15% evidence

5.3/20Relative strength

RS sector -8.3% · RS bench -8.2% · 1Y 9.7%

100% evidence

16. TransDigm Group Incorporated · TDG

46.1/100 · Mixed-negative evidence · 76% evidence

Exact sum: 15.9 + 15.6 + 5.5 + 9.1 = 46.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.9/35Growth & earnings

Revenue 13.3% · PAT 9.6% · OPM change 0.2 pp

83% evidence

15.6/25Capital efficiency

ROCE 5.5% · debt/equity —

57% evidence

5.5/20Valuation

P/E 35.6× · PEG 4.36

65% evidence

9.1/20Relative strength

RS sector -6.7% · RS bench -5.9% · 1Y -17.5%

100% evidence

17. Rocket Lab Corporation · RKLB

44.6/100 · Mixed-negative evidence · 62% evidence

Exact sum: 25 + 8.4 + 10 + 1.2 = 44.6

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -16.5% and the one-year return is 42.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

25.0/35Growth & earnings

Revenue 45.7% · PAT — · OPM change 20.4 pp

62% evidence

8.4/25Capital efficiency

ROCE -3.4% · debt/equity 0.06×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

1.2/20Relative strength

RS sector -16.5% · RS bench -16.9% · 1Y 42.6%

100% evidence

18. FTAI Aviation Ltd. · FTAI

44.0/100 · Mixed-negative evidence · 72% evidence

Exact sum: 19.6 + 10.7 + 9.7 + 4 = 44

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.6/35Growth & earnings

Revenue 48.4% · PAT 100% · OPM change -9.6 pp

83% evidence

10.7/25Capital efficiency

ROCE 4.4% · debt/equity 7.99×

80% evidence

9.7/20Valuation

P/E 48.6× · PEG —

15% evidence

4.0/20Relative strength

RS sector -7.2% · RS bench -7.9% · 1Y 54.7%

100% evidence

19. Northrop Grumman Corporation · NOC

44.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 17.4 + 10.7 + 11.5 + 4.4 = 44

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.4/35Growth & earnings

Revenue — · PAT — · OPM change 3.9 pp

45% evidence

10.7/25Capital efficiency

ROCE 3% · debt/equity 0.91×

80% evidence

11.5/20Valuation

P/E 16.2× · PEG —

15% evidence

4.4/20Relative strength

RS sector -15.8% · RS bench -15.6% · 1Y -6.3%

100% evidence

20. Textron Inc. · TXT

43.9/100 · Thin evidence · provisional · 59% evidence

Exact sum: 15.1 + 11.2 + 11.4 + 6.2 = 43.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.1/35Growth & earnings

Revenue — · PAT — · OPM change -0.8 pp

45% evidence

11.2/25Capital efficiency

ROCE 1.8% · debt/equity 0.48×

80% evidence

11.4/20Valuation

P/E 16.8× · PEG —

15% evidence

6.2/20Relative strength

RS sector -5.4% · RS bench -5.1% · 1Y 16.5%

100% evidence

21. CAE Inc. · CAE

39.0/100 · Mixed-negative evidence · 82% evidence

Exact sum: 6.5 + 11.1 + 14.7 + 6.7 = 39

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

6.5/35Growth & earnings

Revenue 4.4% · PAT -22.4% · OPM change -7.6 pp

83% evidence

11.1/25Capital efficiency

ROCE 2% · debt/equity 0.6×

80% evidence

14.7/20Valuation

P/E 37.3× · PEG 0.68

65% evidence

6.7/20Relative strength

RS sector -12.1% · RS bench -11.6% · 1Y -7%

100% evidence

22. AeroVironment, Inc. · AVAV

37.9/100 · Mixed-negative evidence · 76% evidence

Exact sum: 17.6 + 10.3 + 8.7 + 1.3 = 37.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.6/35Growth & earnings

Revenue 100% · PAT -702.3% · OPM change 3.9 pp

95% evidence

10.3/25Capital efficiency

ROCE 1.8% · debt/equity 0.19×

80% evidence

8.7/20Valuation

P/E 97.8× · PEG —

15% evidence

1.3/20Relative strength

RS sector -41.1% · RS bench -40.4% · 1Y -39.9%

100% evidence

23. Kratos Defense & Security Solutions, Inc. · KTOS

36.5/100 · Mixed-negative evidence · 72% evidence

Exact sum: 17.7 + 9.2 + 8.5 + 1.1 = 36.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.7/35Growth & earnings

Revenue 21.9% · PAT 50% · OPM change -0.9 pp

83% evidence

9.2/25Capital efficiency

ROCE 0.2% · debt/equity 0.05×

80% evidence

8.5/20Valuation

P/E 423.2× · PEG —

15% evidence

1.1/20Relative strength

RS sector -39.7% · RS bench -39.7% · 1Y -14.2%

100% evidence

24. The Boeing Company · BA

36.0/100 · Mixed-negative evidence · 65% evidence

Exact sum: 15.8 + 4 + 8.9 + 7.3 = 36

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.8/35Growth & earnings

Revenue 32.8% · PAT — · OPM change -0.4 pp

62% evidence

4.0/25Capital efficiency

ROCE 0.8% · debt/equity 7.88×

80% evidence

8.9/20Valuation

P/E 96.6× · PEG —

15% evidence

7.3/20Relative strength

RS sector -6.7% · RS bench -6.1% · 1Y -0.2%

100% evidence

25. Huntington Ingalls Industries, Inc. · HII

33.6/100 · Adverse evidence · 82% evidence

Exact sum: 13.1 + 10.1 + 8.4 + 2 = 33.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

13.1/35Growth & earnings

Revenue 12.1% · PAT 10.8% · OPM change -0.9 pp

83% evidence

10.1/25Capital efficiency

ROCE 1.6% · debt/equity 0.57×

80% evidence

8.4/20Valuation

P/E 24.7× · PEG 2.3

65% evidence

2.0/20Relative strength

RS sector -15.9% · RS bench -16.2% · 1Y 11.1%

100% evidence

26. BWX Technologies, Inc. · BWXT

30.8/100 · Adverse evidence · 82% evidence

Exact sum: 15.4 + 9.6 + 4.8 + 1 = 30.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.4/35Growth & earnings

Revenue 21.4% · PAT 19% · OPM change -1.8 pp

83% evidence

9.6/25Capital efficiency

ROCE 2.7% · debt/equity 1.58×

80% evidence

4.8/20Valuation

P/E 54.7× · PEG 2.86

65% evidence

1.0/20Relative strength

RS sector -18.1% · RS bench -17.9% · 1Y 13.5%

100% evidence

27. Planet Labs PBC · PL

29.6/100 · Adverse evidence · 65% evidence

Exact sum: 13.2 + 4.3 + 10 + 2.1 = 29.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

13.2/35Growth & earnings

Revenue 34% · PAT — · OPM change -2.7 pp

71% evidence

4.3/25Capital efficiency

ROCE -4.8% · debt/equity 1.1×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

2.1/20Relative strength

RS sector -13.6% · RS bench -15.2% · 1Y 230.4%

100% evidence

28. Honeywell Aerospace Inc. · HONA

57.9/100 · Thin evidence · provisional · 25% evidence

Exact sum: 17.8 + 20.1 + 10 + 10 = 57.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.8/35Growth & earnings

Revenue — · PAT — · OPM change -4.3 pp

13% evidence

20.1/25Capital efficiency

ROCE 14.4% · debt/equity 0.03×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

29. Moog Inc. · MOG-B

53.7/100 · Thin evidence · provisional · 37% evidence

Exact sum: 19.2 + 13.7 + 10.8 + 10 = 53.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.2/35Growth & earnings

Revenue — · PAT — · OPM change 1 pp

39% evidence

13.7/25Capital efficiency

ROCE 3.5% · debt/equity 0.51×

80% evidence

10.8/20Valuation

P/E 31× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y 111.9%

0% evidence

30. Space Exploration Technologies Corp. · SPCX

41.3/100 · Thin evidence · provisional · 25% evidence

Exact sum: 16 + 5.3 + 10 + 10 = 41.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.0/35Growth & earnings

Revenue — · PAT — · OPM change -42.1 pp

13% evidence

5.3/25Capital efficiency

ROCE -5% · debt/equity 0.73×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

The Boeing Company has the highest Revenue among the 30 Aerospace & Defense companies compared here, at $92,184 million. RTX Corporation is next at $90,373 million. AeroVironment, Inc. has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies. Its Revenue series carries 19 reported observations across the 20-quarter window.

What the numbers say: The Boeing Company is the scale leader at $92,184 million, 2% ahead of RTX Corporation. AeroVironment, Inc.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 141.2% from a $1,978 million base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderThe Boeing Company · $92,184 million
Gap2% versus #2 · RTX Corporation
Persistence5/8 recent comparable periods
Coverage22/30 companies · 524 observations

Investor read: The Boeing Company is the scale benchmark; AeroVironment, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: The Boeing Company's growth falls below AeroVironment, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1The Boeing Company BA$92.2B
2RTX Corporation RTX$90.4B
3GE Aerospace GE$50.6B
4Huntington Ingalls Industries, Inc. HII$12.8B
5TransDigm Group Incorporated TDG$9.5B
Revenue growthfastest growers
1AeroVironment, Inc. AVAV100%
2FTAI Aviation Ltd. FTAI48%
3Rocket Lab Corporation RKLB46%
4Axon Enterprise, Inc. AXON34%
5Planet Labs PBC PL34%
Revenue · company comparison
22/30 level · 22/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
The Boeing Company BA$22.2B14%Mar 2026
RTX Corporation RTX$22.1B8.7%Mar 2026
Lockheed Martin Corporation LMT$18.0B0.3%Jun 2026
General Dynamics Corporation GD$13.5B3.4%Jun 2026
GE Aerospace GE$13.3B21%Jun 2026
Northrop Grumman Corporation NOC$9.9B4.4%Jun 2026
L3Harris Technologies, Inc. LHX$5.7B12%Jun 2026
Space Exploration Technologies Corp. SPCX$4.7B15%Mar 2026
Honeywell Aerospace Inc. HONA$4.4B6.8%Mar 2026
Textron Inc. TXT$3.7B-0.6%Jun 2026
Huntington Ingalls Industries, Inc. HII$3.1B13%Mar 2026
TransDigm Group Incorporated TDG$2.5B18%Mar 2026
Howmet Aerospace Inc. HWM$2.3B19%Mar 2026
Elbit Systems Ltd. ESLT$2.2B15%Mar 2026
StandardAero, Inc. SARO$1.6B13%Mar 2026
Embraer S.A. EMBJ$1.4B31%Mar 2026
HEICO Corporation HEI$1.4B25%Jun 2026
CAE Inc. CAE$1.3B4.1%Mar 2026
Moog Inc. MOG-B$1.1B18%Mar 2026
Woodward, Inc. WWD$1.1B23%Mar 2026
Curtiss-Wright Corporation CW$914M13%Mar 2026
BWX Technologies, Inc. BWXT$860M26%Mar 2026
Leonardo DRS, Inc. DRS$846M5.9%Mar 2026
FTAI Aviation Ltd. FTAI$831M66%Mar 2026
Axon Enterprise, Inc. AXON$807M34%Mar 2026
AeroVironment, Inc. AVAV$642M133%Jun 2026
Hexcel Corporation HXL$502M9.9%Mar 2026
Kratos Defense & Security Solutions, Inc. KTOS$371M22%Mar 2026
Rocket Lab Corporation RKLB$200M63%Mar 2026
Planet Labs PBC PL$94M42%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$18.6B
$20.3B
$12.7B
$14.1B
$14.5B
$16.8B
$14.5B
$8.8B
$9.3B
$9.5B
$9.0B
$9.1B
$9.8B
$10.8B
$9.9B
$11.0B
$12.2B
$12.7B
$12.4B
$13.3B

General Dynamics Corporation · GD

$9.2B
$9.6B
$9.4B
$9.2B
$10.0B
$9.9B
$10.2B
$10.6B
$10.7B
$12.0B
$11.7B
$13.3B
$12.2B
$13.0B
$12.9B
$14.4B
$13.5B

HEICO Corporation · HEI

$472M
$509M
$490M
$539M
$570M
$610M
$621M
$688M
$723M
$936M
$896M
$955M
$992M
$1.0B
$1.0B
$1.1B
$1.1B
$1.2B
$1.2B
$1.4B

Honeywell Aerospace Inc. · HONA

$4.1B
$4.4B

Howmet Aerospace Inc. · HWM

$1.3B
$1.3B
$1.3B
$1.4B
$1.4B
$1.5B
$1.6B
$1.6B
$1.7B
$1.7B
$1.8B
$1.9B
$1.8B
$1.9B
$1.9B
$2.1B
$2.1B
$2.2B
$2.3B

L3Harris Technologies, Inc. · LHX

$4.7B
$4.2B
$4.1B
$4.1B
$4.6B
$4.5B
$4.7B
$4.9B
$5.3B
$5.2B
$5.3B
$5.3B
$5.5B
$5.1B
$5.7B
$5.6B
$5.7B

Lockheed Martin Corporation · LMT

$16.0B
$17.7B
$15.0B
$15.4B
$16.6B
$19.0B
$15.1B
$16.7B
$16.9B
$18.9B
$17.2B
$18.1B
$17.1B
$18.6B
$18.0B
$18.2B
$18.6B
$20.3B
$18.0B

Northrop Grumman Corporation · NOC

$8.7B
$8.6B
$8.8B
$8.8B
$9.0B
$10.0B
$9.3B
$9.6B
$9.8B
$10.6B
$10.1B
$10.2B
$10.0B
$10.7B
$9.5B
$10.4B
$10.4B
$11.7B
$9.9B

RTX Corporation · RTX

$16.2B
$17.0B
$15.7B
$16.3B
$17.0B
$18.1B
$17.2B
$18.3B
$13.5B
$19.9B
$19.3B
$19.7B
$20.1B
$21.6B
$20.3B
$21.6B
$22.5B
$24.2B
$22.1B

Space Exploration Technologies Corp. · SPCX

$4.1B
$4.7B

The Boeing Company · BA

$15.3B
$14.8B
$14.0B
$16.7B
$16.0B
$20.0B
$17.9B
$19.8B
$18.1B
$22.0B
$16.6B
$16.9B
$17.8B
$15.2B
$19.5B
$22.7B
$23.3B
$23.9B
$22.2B

TransDigm Group Incorporated · TDG

$1.2B
$1.2B
$1.3B
$1.4B
$1.4B
$1.6B
$1.7B
$1.8B
$1.9B
$2.0B
$2.2B
$2.0B
$2.2B
$2.2B
$2.4B
$2.3B
$2.5B

Revenue growth · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

-23%
-22%
-17%
14%
-38%
-36%
-44%
-38%
3.9%
5.8%
14%
11%
21%
24%
18%
25%
21%

General Dynamics Corporation · GD

-0.3%
4.3%
5.2%
10%
6.0%
21%
15%
26%
14%
8.9%
11%
7.8%
3.4%

HEICO Corporation · HEI

21%
20%
27%
28%
27%
53%
44%
39%
37%
8.3%
15%
15%
16%
19%
14%
25%

Honeywell Aerospace Inc. · HONA

6.8%

Howmet Aerospace Inc. · HWM

17%
12%
18%
21%
18%
16%
14%
14%
14%
11%
9.2%
6.5%
9.2%
14%
15%
19%

L3Harris Technologies, Inc. · LHX

-11%
8.3%
14%
19%
17%
17%
13%
7.7%
6.0%
-3.2%
2.3%
12%

Lockheed Martin Corporation · LMT

-9.3%
3.5%
7.1%
1.1%
8.1%
1.8%
-0.6%
14%
8.6%
1.3%
-1.3%
4.5%
0.2%
8.8%
9.1%
0.3%

Northrop Grumman Corporation · NOC

-3.8%
2.9%
16%
5.7%
8.8%
9.0%
6.0%
9.0%
6.7%
2.3%
0.5%
-6.6%
1.3%
4.3%
9.6%
4.4%

RTX Corporation · RTX

2.7%
4.6%
6.2%
9.5%
12%
-21%
10%
12%
7.7%
49%
8.5%
5.2%
9.4%
12%
12%
8.7%

Space Exploration Technologies Corp. · SPCX

15%

The Boeing Company · BA

-1.9%
4.4%
35%
28%
18%
13%
10%
-7.5%
-15%
-1.5%
-31%
18%
35%
30%
57%
14%

TransDigm Group Incorporated · TDG

15%
20%
25%
28%
29%
25%
12%
12%
9.3%
11%
14%
18%
02 · compare level, then change

Operating Economics & Margin Trend

TransDigm Group Incorporated has the highest OPM among the 30 Aerospace & Defense companies compared here, at 46.3%. Howmet Aerospace Inc. is next at 32.6%. Rocket Lab Corporation has the highest Margin change at +20.4 percentage points, so level and change sit with different companies. 30 of 30 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: TransDigm Group Incorporated leads opm at 46.3%; Rocket Lab Corporation leads margin change at +20.4 percentage points.

LeaderTransDigm Group Incorporated · 46.3%
Gap42% versus #2 · Howmet Aerospace Inc.
Persistence6/8 recent comparable periods
Coverage30/30 companies · 524 observations

Investor read: TransDigm Group Incorporated sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1TransDigm Group Incorporated TDG46%
2Howmet Aerospace Inc. HWM33%
3HEICO Corporation HEI26%
4FTAI Aviation Ltd. FTAI21%
5Honeywell Aerospace Inc. HONA20%
Margin changefastest expanders
1Rocket Lab Corporation RKLB+20.4 pp
2Howmet Aerospace Inc. HWM+7.2 pp
3Axon Enterprise, Inc. AXON+5.1 pp
4AeroVironment, Inc. AVAV+3.9 pp
5Northrop Grumman Corporation NOC+3.9 pp
Operating margin · company comparison
30/30 level · 30/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
TransDigm Group Incorporated TDG46%+0.2 ppMar 2026
Howmet Aerospace Inc. HWM33%+7.2 ppMar 2026
HEICO Corporation HEI26%+2.9 ppJun 2026
FTAI Aviation Ltd. FTAI21%−9.6 ppMar 2026
Honeywell Aerospace Inc. HONA20%−4.3 ppMar 2026
GE Aerospace GE19%+0.3 ppJun 2026
Curtiss-Wright Corporation CW18%+1.5 ppMar 2026
Woodward, Inc. WWD15%+1.2 ppMar 2026
CAE Inc. CAE13%−7.6 ppMar 2026
RTX Corporation RTX12%+1.6 ppMar 2026
Hexcel Corporation HXL12%+1.8 ppMar 2026
Lockheed Martin Corporation LMT11%−1.8 ppJun 2026
L3Harris Technologies, Inc. LHX11%+1.2 ppJun 2026
Moog Inc. MOG-B11%+1.0 ppMar 2026
General Dynamics Corporation GD11%+0.5 ppJun 2026
Northrop Grumman Corporation NOC10%+3.9 ppJun 2026
BWX Technologies, Inc. BWXT9.9%−1.8 ppMar 2026
Elbit Systems Ltd. ESLT9.4%+1.5 ppMar 2026
Leonardo DRS, Inc. DRS9.1%+1.7 ppMar 2026
AeroVironment, Inc. AVAV8.9%+3.9 ppJun 2026
StandardAero, Inc. SARO8.8%−0.2 ppMar 2026
Textron Inc. TXT6.3%−0.8 ppJun 2026
Embraer S.A. EMBJ5.6%+1.0 ppMar 2026
Huntington Ingalls Industries, Inc. HII5.0%−0.9 ppMar 2026
Axon Enterprise, Inc. AXON3.6%+5.1 ppMar 2026
The Boeing Company BA2.0%−0.4 ppMar 2026
Kratos Defense & Security Solutions, Inc. KTOS1.3%−0.9 ppMar 2026
Rocket Lab Corporation RKLB-28%+20.4 ppMar 2026
Planet Labs PBC PL-37%−2.7 ppJun 2026
Space Exploration Technologies Corp. SPCX-41%−42.1 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

6.0%
6.9%
-7.5%
3.7%
-0.9%
0.7%
2.0%
12%
13%
7.7%
12%
17%
9.3%
19%
20%
19%
19%
18%
18%
19%

General Dynamics Corporation · GD

10%
11%
9.7%
11%
11%
9.5%
9.5%
10%
9.7%
9.7%
10%
11%
10%
10%
10%
10%
11%

HEICO Corporation · HEI

21%
23%
20%
23%
23%
24%
21%
23%
21%
20%
20%
22%
22%
22%
22%
23%
23%
23%
22%
26%

Honeywell Aerospace Inc. · HONA

25%
20%

Howmet Aerospace Inc. · HWM

16%
11%
17%
17%
16%
15%
18%
17%
19%
19%
20%
21%
23%
24%
25%
25%
26%
23%
33%

L3Harris Technologies, Inc. · LHX

12%
13%
12%
12%
11%
8.8%
8.5%
9.7%
9.9%
7.3%
9.0%
9.4%
11%
10%
11%
8.5%
11%

Lockheed Martin Corporation · LMT

14%
14%
13%
13%
13%
12%
14%
13%
12%
12%
12%
12%
13%
3.7%
13%
4.1%
12%
12%
11%

Northrop Grumman Corporation · NOC

12%
8.6%
10%
11%
9.4%
9.0%
10%
10%
10%
-3.7%
11%
11%
11%
10%
6.1%
14%
12%
11%
10%

RTX Corporation · RTX

8.3%
7.7%
6.9%
8.3%
9.0%
8.2%
9.8%
8.2%
-10%
8.9%
9.7%
2.7%
10%
9.8%
10%
9.9%
11%
11%
12%

Space Exploration Technologies Corp. · SPCX

0.7%
-41%

The Boeing Company · BA

2.2%
-28%
-8.3%
4.7%
-18%
-1.7%
-0.8%
-0.5%
-4.5%
1.3%
-0.5%
-6.5%
-32%
-25%
2.4%
-0.8%
-21%
37%
2.0%

TransDigm Group Incorporated · TDG

37%
38%
39%
43%
42%
44%
45%
44%
45%
46%
43%
49%
46%
46%
48%
46%
46%

Margin change · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

+0.1 pp
−6.9 pp
−6.2 pp
+9.5 pp
+7.9 pp
+13.9 pp
+7.0 pp
+9.5 pp
+5.5 pp
−3.7 pp
+10.8 pp
+8.2 pp
+1.5 pp
+9.2 pp
−0.4 pp
−1.4 pp
+0.3 pp

General Dynamics Corporation · GD

+0.2 pp
−0.3 pp
−0.2 pp
−1.1 pp
−1.0 pp
+0.2 pp
+0.6 pp
+0.7 pp
+0.7 pp
+0.3 pp
+0.2 pp
−0.6 pp
+0.5 pp

HEICO Corporation · HEI

+1.2 pp
+1.4 pp
+0.6 pp
0.0 pp
−1.9 pp
−3.8 pp
−0.7 pp
−0.9 pp
+1.1 pp
+1.4 pp
+1.9 pp
+0.7 pp
+1.3 pp
+1.5 pp
+0.1 pp
+2.9 pp

Honeywell Aerospace Inc. · HONA

−4.3 pp

Howmet Aerospace Inc. · HWM

0.0 pp
−0.1 pp
+3.1 pp
+0.4 pp
0.0 pp
+2.6 pp
+4.3 pp
+2.4 pp
+3.9 pp
+4.4 pp
+4.7 pp
+5.2 pp
+4.2 pp
+3.0 pp
−0.9 pp
+7.2 pp

L3Harris Technologies, Inc. · LHX

−0.3 pp
−1.8 pp
−3.6 pp
−2.0 pp
−1.1 pp
−1.5 pp
+0.5 pp
−0.3 pp
+3.7 pp
+1.2 pp
−2.5 pp
+1.2 pp

Lockheed Martin Corporation · LMT

−0.2 pp
−1.3 pp
−1.7 pp
+0.6 pp
+0.1 pp
−0.9 pp
0.0 pp
−1.7 pp
−0.9 pp
+0.4 pp
−8.4 pp
+1.4 pp
−7.8 pp
−0.2 pp
+7.8 pp
−1.8 pp

Northrop Grumman Corporation · NOC

−0.6 pp
−2.6 pp
+0.4 pp
0.0 pp
−0.7 pp
+1.0 pp
−12.7 pp
+0.4 pp
+0.6 pp
+0.8 pp
+13.9 pp
−4.5 pp
+3.1 pp
+0.7 pp
+0.7 pp
+3.9 pp

RTX Corporation · RTX

+0.2 pp
+0.7 pp
+0.5 pp
+2.9 pp
−0.1 pp
−19.4 pp
+0.7 pp
−0.1 pp
−5.5 pp
+20.5 pp
+0.9 pp
+0.3 pp
+7.2 pp
+1.1 pp
+0.9 pp
+1.6 pp

Space Exploration Technologies Corp. · SPCX

−42.1 pp

The Boeing Company · BA

−1.3 pp
−19.7 pp
+26.3 pp
+7.5 pp
−5.2 pp
+13.0 pp
+3.0 pp
+0.3 pp
−6.0 pp
−27.8 pp
−26.0 pp
+2.9 pp
+5.7 pp
+11.8 pp
+61.4 pp
−0.4 pp

TransDigm Group Incorporated · TDG

+6.1 pp
+4.5 pp
+2.1 pp
+1.8 pp
+1.9 pp
−1.8 pp
+4.6 pp
+0.9 pp
+0.8 pp
+4.5 pp
−3.0 pp
+0.2 pp
03 · compare level, then change

Profit Scale & Acceleration

GE Aerospace has the highest Net profit among the 30 Aerospace & Defense companies compared here, at $8,974 million. RTX Corporation is next at $7,601 million. FTAI Aviation Ltd. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: GE Aerospace leads with $8,974 million of TTM profit, 18.1% above RTX Corporation. FTAI Aviation Ltd. shows ≥100% on the scoring scale (667.1% uncapped) growth from a $537 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGE Aerospace · $8,974 million
Gap18.1% versus #2 · RTX Corporation
Persistence7/8 recent comparable periods
Coverage22/30 companies · 524 observations

Investor read: GE Aerospace sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1GE Aerospace GE$9.0B
2RTX Corporation RTX$7.6B
3The Boeing Company BA$2.3B
4TransDigm Group Incorporated TDG$2.1B
5Howmet Aerospace Inc. HWM$1.7B
Profit growthfastest growers
1FTAI Aviation Ltd. FTAI100%
2StandardAero, Inc. SARO100%
3Leonardo DRS, Inc. DRS74%
4Elbit Systems Ltd. ESLT67%
5RTX Corporation RTX55%
Net profit · company comparison
22/30 level · 19/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
GE Aerospace GE$2.4B20%Jun 2026
RTX Corporation RTX$2.2B33%Mar 2026
Lockheed Martin Corporation LMT$1.5B-13%Jun 2026
General Dynamics Corporation GD$1.1B11%Jun 2026
Northrop Grumman Corporation NOC$875M82%Jun 2026
Honeywell Aerospace Inc. HONA$634M-18%Mar 2026
Howmet Aerospace Inc. HWM$580M69%Mar 2026
TransDigm Group Incorporated TDG$536M12%Mar 2026
L3Harris Technologies, Inc. LHX$512M33%Jun 2026
HEICO Corporation HEI$250M46%Jun 2026
Textron Inc. TXT$220M-10%Jun 2026
Axon Enterprise, Inc. AXON$169M92%Mar 2026
Elbit Systems Ltd. ESLT$152M52%Mar 2026
Huntington Ingalls Industries, Inc. HII$149M0.0%Mar 2026
FTAI Aviation Ltd. FTAI$138M35%Mar 2026
Woodward, Inc. WWD$134M23%Mar 2026
Curtiss-Wright Corporation CW$128M27%Mar 2026
Leonardo DRS, Inc. DRS$92M39%Mar 2026
BWX Technologies, Inc. BWXT$91M20%Mar 2026
StandardAero, Inc. SARO$80M27%Mar 2026
Moog Inc. MOG-B$79M44%Mar 2026
CAE Inc. CAE$74M-46%Mar 2026
AeroVironment, Inc. AVAV$63M271%Jun 2026
Embraer S.A. EMBJ$37M-54%Mar 2026
Hexcel Corporation HXL$37M28%Mar 2026
Kratos Defense & Security Solutions, Inc. KTOS$12M140%Mar 2026
The Boeing Company BA$-7M-193%Mar 2026
Rocket Lab Corporation RKLB$-45M-1,333%Mar 2026
Planet Labs PBC PL$-139MJun 2026
Space Exploration Technologies Corp. SPCX$-4.3BMar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$582M
$-3.5B
$-1.2B
$-1.1B
$-245M
$1.8B
$6.2B
$1.3B
$307M
$1.2B
$1.7B
$1.3B
$1.7B
$1.9B
$2.0B
$2.0B
$2.2B
$2.5B
$1.9B
$2.4B

General Dynamics Corporation · GD

$737M
$860M
$730M
$766M
$902M
$730M
$744M
$836M
$799M
$905M
$930M
$1.1B
$994M
$1.0B
$1.1B
$1.1B
$1.1B

HEICO Corporation · HEI

$84M
$93M
$94M
$93M
$93M
$110M
$103M
$115M
$113M
$114M
$125M
$135M
$148M
$151M
$182M
$171M
$191M
$203M
$205M
$250M

Honeywell Aerospace Inc. · HONA

$777M
$634M

Howmet Aerospace Inc. · HWM

$27M
$77M
$131M
$147M
$80M
$111M
$148M
$193M
$188M
$236M
$243M
$266M
$332M
$314M
$344M
$407M
$385M
$372M
$580M

L3Harris Technologies, Inc. · LHX

$413M
$479M
$475M
$470M
$417M
$339M
$351M
$382M
$126M
$285M
$367M
$404M
$456M
$386M
$462M
$300M
$512M

Lockheed Martin Corporation · LMT

$614M
$2.0B
$1.7B
$309M
$1.8B
$1.9B
$1.7B
$1.7B
$1.7B
$1.9B
$1.5B
$1.6B
$1.6B
$527M
$1.7B
$342M
$1.6B
$1.3B
$1.5B

Northrop Grumman Corporation · NOC

$1.1B
$2.7B
$955M
$946M
$915M
$2.1B
$842M
$812M
$937M
$-535M
$944M
$940M
$1.0B
$1.3B
$481M
$1.2B
$1.1B
$1.4B
$875M

RTX Corporation · RTX

$1.5B
$771M
$1.1B
$1.3B
$1.4B
$1.5B
$1.5B
$1.4B
$-933M
$1.5B
$1.7B
$175M
$1.5B
$1.6B
$1.6B
$1.7B
$2.0B
$1.7B
$2.2B

Space Exploration Technologies Corp. · SPCX

$-528M
$-4.3B

The Boeing Company · BA

$-132M
$-4.2B
$-1.2B
$160M
$-3.3B
$-663M
$-425M
$-149M
$-1.6B
$-30M
$-355M
$-1.4B
$-6.2B
$-3.9B
$-31M
$-612M
$-5.3B
$8.2B
$-7M

TransDigm Group Incorporated · TDG

$317M
$163M
$199M
$239M
$229M
$304M
$352M
$382M
$404M
$461M
$467M
$493M
$479M
$493M
$609M
$445M
$536M

Profit growth · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Axon Enterprise, Inc. · AXON

-76%
-18%
-76%
408%
97%
196%
242%
9.8%
137%
-34%
-12%
-103%
-98%
92%

GE Aerospace · GE

-142%
-34%
-72%
5.3%
452%
61%
13%
51%
28%
30%
-0.8%
20%

General Dynamics Corporation · GD

3.9%
4.9%
0.0%
-2.9%
-7.3%
24%
25%
37%
24%
12%
14%
-0.4%
11%

HEICO Corporation · HEI

11%
18%
9.6%
24%
22%
3.6%
21%
17%
31%
32%
46%
27%
29%
34%
13%
46%

Honeywell Aerospace Inc. · HONA

-18%

Howmet Aerospace Inc. · HWM

99%
196%
44%
13%
31%
135%
113%
64%
38%
77%
33%
42%
53%
16%
18%
69%

L3Harris Technologies, Inc. · LHX

14%
-13%
-26%
-19%
-70%
-16%
4.6%
5.8%
60%
5.2%
-34%
33%

Lockheed Martin Corporation · LMT

-83%
190%
-6.7%
-2.5%
444%
-5.3%
-2.4%
-8.5%
-2.4%
-3.6%
-72%
11%
-79%
-0.3%
155%
-13%

Northrop Grumman Corporation · NOC

-8.8%
-14%
-23%
-12%
-14%
2.4%
-126%
12%
16%
9.5%
-49%
25%
7.2%
13%
82%

RTX Corporation · RTX

23%
-5.3%
90%
32%
1.6%
-167%
0.3%
18%
-87%
5.9%
-6.8%
886%
31%
9.8%
33%

The Boeing Company · BA

-72%
-193%

TransDigm Group Incorporated · TDG

-25%
53%
47%
67%
52%
33%
29%
19%
6.9%
30%
-9.7%
12%
04 · compare level, then change

Capacity Spending & Returns On It

Space Exploration Technologies Corp. has the highest CAPEX among the 30 Aerospace & Defense companies compared here, at $8,919 million. The Boeing Company is next at $1,275 million. The same company also holds the highest CAPEX intensity, at 190%. 30 of 30 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Space Exploration Technologies Corp. reports $8,919 million of CAPEX; Space Exploration Technologies Corp. has the highest covered intensity at 190%. Coverage is only 30 of 30 companies and 524 reported observations, so this is partial evidence—not a complete sector rank.

LeaderSpace Exploration Technologies Corp. · $8,919 million
Gap599.5% versus #2 · The Boeing Company
Persistence2/2 recent comparable periods
Coverage30/30 companies · 524 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Space Exploration Technologies Corp. SPCX$8.9B
2The Boeing Company BA$1.3B
3RTX Corporation RTX$546M
4GE Aerospace GE$335M
5Lockheed Martin Corporation LMT$318M
CAPEX intensityhighest reinvestment intensity
1Space Exploration Technologies Corp. SPCX190%
2Planet Labs PBC PL18%
3Rocket Lab Corporation RKLB14%
4The Boeing Company BA5.7%
5Kratos Defense & Security Solutions, Inc. KTOS5.4%
Capital expenditure · company comparison
30/30 level · 30/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Space Exploration Technologies Corp. SPCX$8.9B190%Mar 2026
The Boeing Company BA$1.3B5.7%Mar 2026
RTX Corporation RTX$546M2.5%Mar 2026
GE Aerospace GE$335M2.5%Jun 2026
Lockheed Martin Corporation LMT$318M2.8%Jun 2026
Northrop Grumman Corporation NOC$302M1.7%Jun 2026
General Dynamics Corporation GD$203M1.5%Jun 2026
Honeywell Aerospace Inc. HONA$137M3.1%Mar 2026
Textron Inc. TXT$133M3.6%Jun 2026
L3Harris Technologies, Inc. LHX$99M1.7%Jun 2026
Howmet Aerospace Inc. HWM$94M4.1%Mar 2026
Embraer S.A. EMBJ$76M5.3%Mar 2026
Huntington Ingalls Industries, Inc. HII$74M2.4%Mar 2026
TransDigm Group Incorporated TDG$71M2.8%Mar 2026
Elbit Systems Ltd. ESLT$71M3.2%Mar 2026
Woodward, Inc. WWD$53M4.9%Mar 2026
BWX Technologies, Inc. BWXT$43M5.0%Mar 2026
CAE Inc. CAE$43M3.2%Mar 2026
Moog Inc. MOG-B$34M3.1%Mar 2026
Leonardo DRS, Inc. DRS$30M3.5%Mar 2026
Rocket Lab Corporation RKLB$27M14%Mar 2026
Hexcel Corporation HXL$25M5.0%Mar 2026
Axon Enterprise, Inc. AXON$23M2.9%Mar 2026
Kratos Defense & Security Solutions, Inc. KTOS$20M5.4%Mar 2026
HEICO Corporation HEI$18M1.3%Jun 2026
Planet Labs PBC PL$17M18%Jun 2026
StandardAero, Inc. SARO$16M1.0%Mar 2026
AeroVironment, Inc. AVAV$16M2.5%Jun 2026
Curtiss-Wright Corporation CW$12M1.3%Mar 2026
FTAI Aviation Ltd. FTAI$7M0.8%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$296M
$355M
$239M
$310M
$252M
$139M
$298M
$92M
$222M
$250M
$204M
$295M
$266M
$267M
$208M
$327M
$307M
$431M
$331M
$335M

General Dynamics Corporation · GD

$172M
$196M
$141M
$224M
$255M
$161M
$212M
$227M
$159M
$201M
$201M
$355M
$142M
$198M
$212M
$609M
$203M

HEICO Corporation · HEI

$8M
$6M
$9M
$8M
$8M
$8M
$11M
$11M
$12M
$15M
$13M
$13M
$16M
$16M
$17M
$16M
$13M
$27M
$13M
$18M

Honeywell Aerospace Inc. · HONA

$101M
$137M

Howmet Aerospace Inc. · HWM

$47M
$61M
$62M
$44M
$42M
$45M
$64M
$41M
$59M
$55M
$82M
$55M
$82M
$102M
$119M
$102M
$108M
$124M
$94M

L3Harris Technologies, Inc. · LHX

$61M
$79M
$55M
$62M
$71M
$71M
$93M
$148M
$137M
$115M
$97M
$78M
$118M
$59M
$119M
$158M
$99M

Lockheed Martin Corporation · LMT

$316M
$607M
$268M
$304M
$405M
$693M
$294M
$329M
$364M
$704M
$378M
$370M
$355M
$582M
$454M
$351M
$381M
$463M
$511M
$318M

Northrop Grumman Corporation · NOC

$247M
$733M
$244M
$263M
$296M
$632M
$309M
$304M
$359M
$803M
$270M
$320M
$361M
$816M
$256M
$231M
$301M
$662M
$167M
$302M

RTX Corporation · RTX

$433M
$954M
$439M
$479M
$515M
$855M
$520M
$526M
$564M
$805M
$467M
$537M
$552M
$1.1B
$513M
$530M
$614M
$970M
$546M

Space Exploration Technologies Corp. · SPCX

$4.1B
$8.9B

The Boeing Company · BA

$245M
$222M
$349M
$263M
$284M
$326M
$468M
$296M
$332M
$431M
$567M
$404M
$611M
$648M
$674M
$427M
$885M
$956M
$1.3B

TransDigm Group Incorporated · TDG

$20M
$25M
$32M
$29M
$31M
$35M
$36M
$36M
$48M
$40M
$41M
$42M
$56M
$58M
$66M
$60M
$71M

CAPEX intensity · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

1.6%
1.7%
1.9%
2.2%
1.7%
0.8%
2.1%
1.1%
2.4%
2.6%
2.3%
3.2%
2.7%
2.5%
2.1%
3.0%
2.5%
3.4%
2.7%
2.5%

General Dynamics Corporation · GD

1.9%
2.0%
1.5%
2.4%
2.6%
1.6%
2.1%
2.1%
1.5%
1.7%
1.7%
2.7%
1.2%
1.5%
1.6%
4.2%
1.5%

HEICO Corporation · HEI

1.7%
1.2%
1.8%
1.5%
1.4%
1.3%
1.8%
1.6%
1.7%
1.6%
1.5%
1.4%
1.6%
1.6%
1.7%
1.5%
1.1%
2.2%
1.1%
1.3%

Honeywell Aerospace Inc. · HONA

2.5%
3.1%

Howmet Aerospace Inc. · HWM

3.7%
4.7%
4.7%
3.2%
2.9%
3.0%
4.0%
2.5%
3.6%
3.2%
4.5%
2.9%
4.5%
5.4%
6.1%
5.0%
5.2%
5.7%
4.1%

L3Harris Technologies, Inc. · LHX

1.3%
1.9%
1.3%
1.5%
1.6%
1.6%
2.0%
3.0%
2.6%
2.2%
1.8%
1.5%
2.1%
1.1%
2.1%
2.8%
1.7%

Lockheed Martin Corporation · LMT

2.0%
3.4%
1.8%
2.0%
2.4%
3.6%
1.9%
2.0%
2.2%
3.7%
2.2%
2.0%
2.1%
3.1%
2.5%
1.9%
2.0%
2.3%
2.8%

Northrop Grumman Corporation · NOC

2.8%
8.5%
2.8%
3.0%
3.3%
6.3%
3.3%
3.2%
3.7%
7.5%
2.7%
3.1%
3.6%
7.6%
2.7%
2.2%
2.9%
5.7%
1.7%

RTX Corporation · RTX

2.7%
5.6%
2.8%
2.9%
3.0%
4.7%
3.0%
2.9%
4.2%
4.0%
2.4%
2.7%
2.7%
4.9%
2.5%
2.5%
2.7%
4.0%
2.5%

Space Exploration Technologies Corp. · SPCX

102%
190%

The Boeing Company · BA

1.6%
1.5%
2.5%
1.6%
1.8%
1.6%
2.6%
1.5%
1.8%
2.0%
3.4%
2.4%
3.4%
4.3%
3.5%
1.9%
3.8%
4.0%
5.7%

TransDigm Group Incorporated · TDG

1.6%
2.1%
2.4%
2.1%
2.2%
2.2%
2.1%
2.0%
2.5%
2.0%
1.9%
2.1%
2.6%
2.6%
2.7%
2.6%
2.8%
Annual capital allocation · 6-year view
30/30 capacity base · 30/30 OCF · 30/30 CAPEX · 30/30 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$15.6B
$12.2B
$7.2B
$7.3B
$8.0B

HEICO Corporation · HEI

$194M
$226M
$322M
$339M
$432M

RTX Corporation · RTX

$16.9B
$17.0B
$17.4B
$18.0B
$18.8B

The Boeing Company · BA

$10.9B
$10.6B
$10.7B
$11.4B
$15.4B

Operating cash flow · fiscal-year history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$3.5B
$5.9B
$5.2B
$4.7B
$8.5B

HEICO Corporation · HEI

$444M
$468M
$449M
$672M
$934M

RTX Corporation · RTX

$7.1B
$7.2B
$7.9B
$7.2B
$10.6B

The Boeing Company · BA

$-3.4B
$3.5B
$6.0B
$-12.1B
$1.1B

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$1.1B
$662M
$862M
$1.0B
$1.3B

HEICO Corporation · HEI

$36M
$32M
$49M
$58M
$73M

RTX Corporation · RTX

$2.1B
$2.3B
$2.4B
$2.6B
$2.6B

The Boeing Company · BA

$980M
$1.2B
$1.5B
$2.2B
$2.9B

Free cash flow · fiscal-year history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$2.4B
$5.3B
$4.3B
$3.7B
$7.3B

HEICO Corporation · HEI

$408M
$436M
$399M
$614M
$861M

RTX Corporation · RTX

$5.0B
$4.9B
$5.5B
$4.5B
$7.9B

The Boeing Company · BA

$-4.4B
$2.3B
$4.4B
$-14.3B
$-1.9B
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Rocket Lab Corporation has the lowest Gross debt among the 30 Aerospace & Defense companies compared here, at $139 million. Leonardo DRS, Inc. is next at $151 million. Kratos Defense & Security Solutions, Inc. has the lowest Net debt at $1,279 million net cash, so level and change sit with different companies.

What the numbers say: Kratos Defense & Security Solutions, Inc. has the clearest covered balance-sheet capacity with $1,279 million net cash and gross debt of $185 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderRocket Lab Corporation · $139 million
Gap7.9% versus #2 · Leonardo DRS, Inc.
Persistence5/8 recent comparable periods
Coverage30/30 companies · 529 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Rocket Lab Corporation RKLB$139M
2Leonardo DRS, Inc. DRS$151M
3Kratos Defense & Security Solutions, Inc. KTOS$185M
4Planet Labs PBC PL$488M
5AeroVironment, Inc. AVAV$835M
Net debtlowest net debt
1Kratos Defense & Security Solutions, Inc. KTOS$-1.3B
2Rocket Lab Corporation RKLB$-1.2B
3Planet Labs PBC PL$-243M
4Leonardo DRS, Inc. DRS$-177M
5Elbit Systems Ltd. ESLT$-30M
Debt and balance-sheet capacity · company comparison
30/30 level · 30/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
The Boeing Company BA$47.2B$26.3BMar 2026
RTX Corporation RTX$38.9B$32.1BMar 2026
TransDigm Group Incorporated TDG$32.0B$28.1BMar 2026
Space Exploration Technologies Corp. SPCX$30.3B$6.6BMar 2026
Lockheed Martin Corporation LMT$20.5B$16.7BJun 2026
GE Aerospace GE$19.2B$9.8BJun 2026
Northrop Grumman Corporation NOC$16.3B$14.0BJun 2026
Honeywell Aerospace Inc. HONA$16.1B$15.2BMar 2026
L3Harris Technologies, Inc. LHX$11.4B$10.8BJun 2026
General Dynamics Corporation GD$8.0B$4.4BJun 2026
Howmet Aerospace Inc. HWM$4.7B$2.3BMar 2026
Textron Inc. TXT$3.8B$2.2BJun 2026
FTAI Aviation Ltd. FTAI$3.5B$3.0BMar 2026
CAE Inc. CAE$3.2B$2.7BMar 2026
Huntington Ingalls Industries, Inc. HII$2.9B$2.7BMar 2026
Embraer S.A. EMBJ$2.8B$693MMar 2026
HEICO Corporation HEI$2.6B$2.4BJun 2026
StandardAero, Inc. SARO$2.5B$2.4BMar 2026
BWX Technologies, Inc. BWXT$2.0B$1.5BMar 2026
Axon Enterprise, Inc. AXON$1.8B$1.1BMar 2026
Curtiss-Wright Corporation CW$1.1B$805MMar 2026
Woodward, Inc. WWD$1.1B$622MMar 2026
Moog Inc. MOG-B$1.1B$984MMar 2026
Hexcel Corporation HXL$998M$944MMar 2026
Elbit Systems Ltd. ESLT$895M$-30MMar 2026
AeroVironment, Inc. AVAV$835M$203MJun 2026
Planet Labs PBC PL$488M$-243MJun 2026
Kratos Defense & Security Solutions, Inc. KTOS$185M$-1.3BMar 2026
Leonardo DRS, Inc. DRS$151M$-177MMar 2026
Rocket Lab Corporation RKLB$139M$-1.2BMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$62.9B
$35.2B
$33.6B
$32.5B
$30.4B
$24.1B
$22.4B
$21.8B
$20.8B
$20.5B
$20.5B
$19.7B
$19.9B
$19.3B
$19.6B
$18.9B
$20.8B
$20.5B
$20.3B
$19.2B

General Dynamics Corporation · GD

$14.3B
$13.7B
$11.5B
$11.5B
$11.5B
$10.5B
$9.8B
$9.3B
$9.3B
$9.3B
$9.3B
$8.8B
$9.6B
$8.7B
$8.0B
$8.0B
$8.0B

HEICO Corporation · HEI

$387M
$236M
$237M
$266M
$246M
$290M
$783M
$755M
$1.2B
$2.5B
$2.5B
$2.4B
$2.3B
$2.2B
$2.4B
$2.3B
$2.4B
$2.2B
$2.5B
$2.6B

Honeywell Aerospace Inc. · HONA

$237M
$16.1B

Howmet Aerospace Inc. · HWM

$4.3B
$4.2B
$4.2B
$4.2B
$4.2B
$4.2B
$4.0B
$4.0B
$3.8B
$3.7B
$3.7B
$3.7B
$3.4B
$3.3B
$3.3B
$3.3B
$3.2B
$3.1B
$4.7B

L3Harris Technologies, Inc. · LHX

$7.7B
$7.9B
$7.8B
$7.8B
$7.0B
$9.8B
$9.5B
$14.3B
$13.1B
$13.7B
$13.3B
$12.9B
$11.6B
$12.3B
$11.7B
$10.4B
$11.4B

Lockheed Martin Corporation · LMT

$11.7B
$11.7B
$11.6B
$11.6B
$11.5B
$15.5B
$15.6B
$17.5B
$17.4B
$17.5B
$19.4B
$19.3B
$19.3B
$20.3B
$20.3B
$21.6B
$22.2B
$21.7B
$20.7B
$20.5B

Northrop Grumman Corporation · NOC

$14.1B
$14.4B
$14.5B
$14.5B
$13.5B
$13.6B
$15.6B
$15.6B
$15.5B
$15.7B
$16.6B
$16.6B
$16.5B
$16.5B
$16.0B
$17.0B
$17.0B
$17.0B
$16.3B
$16.3B

RTX Corporation · RTX

$32.8B
$33.1B
$33.1B
$33.0B
$35.0B
$33.5B
$36.1B
$36.9B
$36.8B
$45.2B
$44.3B
$43.6B
$43.7B
$42.9B
$42.9B
$43.6B
$40.7B
$39.5B
$38.9B

Space Exploration Technologies Corp. · SPCX

$13.8B
$13.8B
$22.9B
$22.9B
$30.3B

The Boeing Company · BA

$62.4B
$58.1B
$57.7B
$57.2B
$57.2B
$57.0B
$55.4B
$52.3B
$52.3B
$52.3B
$47.9B
$57.9B
$57.7B
$53.9B
$53.6B
$53.3B
$53.4B
$54.1B
$47.2B

TransDigm Group Incorporated · TDG

$20.0B
$19.8B
$19.8B
$19.8B
$19.8B
$20.9B
$19.8B
$21.9B
$22.4B
$21.9B
$24.9B
$25.0B
$25.0B
$25.0B
$30.0B
$30.0B
$32.0B

Net debt · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

$37.9B
$7.1B
$20.8B
$12.6B
$11.5B
$640M
$10.4B
$-1.9B
$641M
$-385M
$-1.7B
$4.2B
$4.0B
$5.7B
$6.2B
$7.0B
$8.3B
$8.1B
$9.3B
$9.8B

General Dynamics Corporation · GD

$11.4B
$10.5B
$8.6B
$9.3B
$9.0B
$8.5B
$8.6B
$7.9B
$8.2B
$7.9B
$7.2B
$7.1B
$8.4B
$7.2B
$5.5B
$5.7B
$4.4B

HEICO Corporation · HEI

$117M
$128M
$112M
$149M
$112M
$150M
$640M
$628M
$521M
$2.3B
$2.3B
$2.2B
$2.1B
$2.1B
$2.2B
$2.0B
$2.2B
$2.0B
$2.2B
$2.4B

Honeywell Aerospace Inc. · HONA

$-7M
$15.2B

Howmet Aerospace Inc. · HWM

$3.6B
$3.5B
$3.7B
$3.6B
$3.7B
$3.4B
$3.5B
$3.5B
$3.4B
$3.1B
$3.2B
$2.9B
$2.9B
$2.8B
$2.8B
$2.7B
$2.5B
$2.3B
$2.3B

L3Harris Technologies, Inc. · LHX

$5.7B
$6.7B
$7.4B
$7.4B
$6.2B
$9.2B
$9.2B
$13.8B
$12.6B
$13.2B
$12.7B
$12.4B
$11.0B
$11.7B
$11.4B
$9.4B
$10.8B

Lockheed Martin Corporation · LMT

$8.9B
$8.1B
$9.8B
$9.9B
$9.1B
$13.0B
$13.2B
$13.9B
$13.8B
$16.0B
$16.6B
$16.7B
$16.2B
$17.8B
$18.5B
$20.3B
$18.7B
$17.6B
$18.8B
$16.7B

Northrop Grumman Corporation · NOC

$10.1B
$10.8B
$12.3B
$13.3B
$11.8B
$11.1B
$13.1B
$12.2B
$13.4B
$12.6B
$13.5B
$13.3B
$13.2B
$12.1B
$14.3B
$15.1B
$15.0B
$12.6B
$14.2B
$14.0B

RTX Corporation · RTX

$25.3B
$25.3B
$27.1B
$28.2B
$29.6B
$27.3B
$30.2B
$31.5B
$31.3B
$38.7B
$38.6B
$37.6B
$37.1B
$37.3B
$37.8B
$38.8B
$34.7B
$32.1B
$32.1B

Space Exploration Technologies Corp. · SPCX

$1.6B
$1.6B
$-1.9B
$-1.9B
$6.6B

The Boeing Company · BA

$42.4B
$41.9B
$45.5B
$45.8B
$43.0B
$39.8B
$40.6B
$38.5B
$38.9B
$36.3B
$40.4B
$45.3B
$47.2B
$27.6B
$29.9B
$30.4B
$30.4B
$24.7B
$26.3B

TransDigm Group Incorporated · TDG

$15.5B
$15.0B
$15.6B
$16.0B
$16.5B
$17.4B
$16.7B
$17.7B
$18.1B
$18.5B
$18.6B
$22.6B
$22.6B
$22.2B
$27.2B
$27.5B
$28.1B
06 · compare level, then change

Return On Capital Employed

Honeywell Aerospace Inc. has the highest ROCE among the 30 Aerospace & Defense companies compared here, at 14.4%. Howmet Aerospace Inc. is next at 7.5%. Lockheed Martin Corporation has the highest ROCE change at +4.7 percentage points, so level and change sit with different companies. 30 of 30 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Honeywell Aerospace Inc. leads ROCE at 14.4%, 6.9 percentage points above Howmet Aerospace Inc.. Lockheed Martin Corporation has the strongest latest improvement at +4.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderHoneywell Aerospace Inc. · 14.4%
Gap92% versus #2 · Howmet Aerospace Inc.
PersistenceNot enough history
Coverage30/30 companies · 521 observations

Investor read: Honeywell Aerospace Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Honeywell Aerospace Inc. HONA14%
2Howmet Aerospace Inc. HWM7.5%
3Lockheed Martin Corporation LMT6.8%
4TransDigm Group Incorporated TDG5.5%
5Leonardo DRS, Inc. DRS5.0%
ROCE changefastest improvers
1Lockheed Martin Corporation LMT+4.7 pp
2Rocket Lab Corporation RKLB+3.0 pp
3Honeywell Aerospace Inc. HONA+2.1 pp
4Howmet Aerospace Inc. HWM+2.0 pp
5Woodward, Inc. WWD+1.2 pp
Return on capital · company comparison
30/30 level · 30/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Honeywell Aerospace Inc. HONA14%Mar 2026
Howmet Aerospace Inc. HWM7.5%+2.0 ppMar 2026
Lockheed Martin Corporation LMT6.8%+4.7 ppJun 2026
TransDigm Group Incorporated TDG5.5%+0.4 ppMar 2026
Leonardo DRS, Inc. DRS5.0%+0.9 ppMar 2026
Woodward, Inc. WWD4.5%+1.2 ppMar 2026
FTAI Aviation Ltd. FTAI4.4%0.0 ppMar 2026
HEICO Corporation HEI4.3%+0.8 ppJun 2026
Curtiss-Wright Corporation CW4.0%+0.7 ppMar 2026
General Dynamics Corporation GD3.6%+0.2 ppJun 2026
Moog Inc. MOG-B3.5%+0.6 ppMar 2026
Elbit Systems Ltd. ESLT3.1%+0.4 ppMar 2026
Northrop Grumman Corporation NOC3.0%−1.0 ppJun 2026
GE Aerospace GE2.9%+0.6 ppJun 2026
StandardAero, Inc. SARO2.8%+0.2 ppMar 2026
BWX Technologies, Inc. BWXT2.7%−0.5 ppMar 2026
Hexcel Corporation HXL2.4%+0.6 ppMar 2026
RTX Corporation RTX2.3%+0.5 ppMar 2026
L3Harris Technologies, Inc. LHX2.0%+0.4 ppJun 2026
CAE Inc. CAE2.0%−1.3 ppMar 2026
Textron Inc. TXT1.8%−0.3 ppJun 2026
AeroVironment, Inc. AVAV1.8%+0.3 ppJun 2026
Huntington Ingalls Industries, Inc. HII1.6%−0.2 ppMar 2026
Embraer S.A. EMBJ1.1%+0.4 ppMar 2026
The Boeing Company BA0.8%−0.2 ppMar 2026
Axon Enterprise, Inc. AXON0.6%+0.8 ppMar 2026
Kratos Defense & Security Solutions, Inc. KTOS0.2%−0.2 ppMar 2026
Rocket Lab Corporation RKLB-3.4%+3.0 ppMar 2026
Planet Labs PBC PL-4.8%−0.5 ppJun 2026
Space Exploration Technologies Corp. SPCX-5.0%0.0 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

GE Aerospace · GE

0.6%
0.8%
-0.6%
0.3%
-0.1%
0.1%
0.2%
0.8%
1.0%
0.5%
0.9%
1.5%
0.9%
1.7%
1.9%
2.3%
2.5%
2.6%
2.6%
2.9%

General Dynamics Corporation · GD

3.0%
2.5%
2.7%
3.0%
2.6%
2.6%
2.9%
2.8%
3.1%
3.1%
3.7%
3.3%
3.4%
3.5%
3.7%
3.6%

HEICO Corporation · HEI

3.5%
3.0%
3.7%
3.9%
4.3%
3.4%
4.0%
3.5%
3.7%
3.3%
3.7%
3.7%
3.2%
3.2%
3.5%
3.6%
3.8%
3.4%
4.3%

Honeywell Aerospace Inc. · HONA

14%

Howmet Aerospace Inc. · HWM

2.2%
1.6%
2.5%
2.7%
2.6%
2.5%
3.2%
3.2%
3.6%
3.7%
4.2%
4.6%
4.7%
5.1%
5.5%
5.9%
5.8%
5.3%
7.5%

L3Harris Technologies, Inc. · LHX

1.7%
1.6%
1.6%
1.7%
1.3%
1.4%
1.6%
1.7%
1.2%
1.5%
1.5%
1.8%
1.6%
1.8%
1.4%
2.0%

Lockheed Martin Corporation · LMT

6.3%
6.7%
5.4%
5.4%
6.0%
6.2%
5.6%
5.7%
5.4%
6.3%
5.4%
5.7%
5.5%
1.9%
6.5%
2.1%
6.1%
6.4%
5.7%
6.8%

Northrop Grumman Corporation · NOC

3.1%
2.2%
2.7%
2.9%
2.6%
2.8%
2.8%
2.9%
3.1%
-1.2%
3.1%
3.2%
3.2%
3.1%
1.7%
4.0%
3.5%
3.5%
2.8%
3.0%

RTX Corporation · RTX

1.1%
1.0%
0.9%
1.1%
1.2%
1.2%
1.4%
1.2%
-1.2%
1.5%
1.6%
0.5%
1.8%
1.9%
1.8%
1.9%
2.2%
2.3%
2.3%

Space Exploration Technologies Corp. · SPCX

0.0%
0.0%
0.0%
0.0%
-5.0%

The Boeing Company · BA

0.5%
-6.8%
-2.0%
1.4%
-5.1%
-0.7%
-0.3%
-0.2%
-1.8%
0.6%
-0.2%
-2.5%
-14%
-7.5%
1.0%
-0.4%
-11%
15%
0.8%

TransDigm Group Incorporated · TDG

3.1%
2.6%
3.0%
3.4%
3.4%
4.0%
4.4%
4.4%
4.7%
4.9%
5.0%
5.1%
5.1%
5.1%
5.8%
5.2%
5.5%

ROCE change · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Axon Enterprise, Inc. · AXON

+2.0 pp
+3.6 pp
−0.5 pp
+0.4 pp
+0.5 pp
+0.4 pp
−0.3 pp
−0.8 pp
−2.0 pp
−2.3 pp
−0.8 pp
−1.2 pp
−0.9 pp
−0.6 pp
+0.8 pp

GE Aerospace · GE

−0.7 pp
−0.7 pp
+0.8 pp
+0.5 pp
+1.1 pp
+0.4 pp
+0.7 pp
+0.7 pp
−0.1 pp
+1.2 pp
+1.0 pp
+0.8 pp
+1.6 pp
+0.9 pp
+0.7 pp
+0.6 pp

General Dynamics Corporation · GD

0.0 pp
+0.1 pp
−0.1 pp
−0.1 pp
+0.5 pp
+0.5 pp
+0.8 pp
+0.5 pp
+0.3 pp
+0.4 pp
0.0 pp
+0.2 pp

HEICO Corporation · HEI

+0.8 pp
+0.4 pp
+0.3 pp
−0.4 pp
−0.6 pp
−0.1 pp
−0.3 pp
+0.2 pp
−0.5 pp
−0.1 pp
−0.2 pp
−0.1 pp
+0.6 pp
+0.2 pp
+0.8 pp

Howmet Aerospace Inc. · HWM

+0.4 pp
+0.9 pp
+0.7 pp
+0.5 pp
+1.0 pp
+1.2 pp
+1.0 pp
+1.4 pp
+1.1 pp
+1.4 pp
+1.3 pp
+1.3 pp
+1.1 pp
+0.2 pp
+2.0 pp

L3Harris Technologies, Inc. · LHX

0.0 pp
−0.2 pp
0.0 pp
0.0 pp
−0.1 pp
+0.1 pp
−0.1 pp
+0.6 pp
+0.1 pp
−0.4 pp
+0.4 pp

Lockheed Martin Corporation · LMT

−0.3 pp
−0.5 pp
+0.2 pp
+0.3 pp
−0.6 pp
+0.1 pp
−0.2 pp
0.0 pp
+0.1 pp
−4.4 pp
+1.1 pp
−3.6 pp
+0.6 pp
+4.5 pp
−0.8 pp
+4.7 pp

Northrop Grumman Corporation · NOC

−0.5 pp
+0.6 pp
+0.1 pp
0.0 pp
+0.5 pp
−4.0 pp
+0.3 pp
+0.3 pp
+0.1 pp
+4.3 pp
−1.4 pp
+0.8 pp
+0.3 pp
+0.4 pp
+1.1 pp
−1.0 pp

RTX Corporation · RTX

+0.1 pp
+0.2 pp
+0.5 pp
+0.1 pp
−2.4 pp
+0.3 pp
+0.2 pp
−0.7 pp
+3.0 pp
+0.4 pp
+0.2 pp
+1.4 pp
+0.4 pp
+0.4 pp
+0.5 pp

Space Exploration Technologies Corp. · SPCX

0.0 pp
0.0 pp

The Boeing Company · BA

−5.6 pp
+6.1 pp
+1.7 pp
−1.6 pp
+3.3 pp
+1.3 pp
+0.1 pp
−2.3 pp
−12.3 pp
−8.1 pp
+1.2 pp
+2.1 pp
+3.1 pp
+22.2 pp
−0.2 pp

TransDigm Group Incorporated · TDG

+0.3 pp
+1.0 pp
+1.0 pp
+1.0 pp
+0.9 pp
+0.6 pp
+0.7 pp
+0.4 pp
+0.2 pp
+0.8 pp
+0.1 pp
+0.4 pp
07 · compare level, then change

Valuation Against Growth & Quality

Embraer S.A. has the lowest Guarded PEG among the 30 Aerospace & Defense companies compared here, at 0.51×. RTX Corporation is next at 0.64×. Northrop Grumman Corporation has the lowest P/E at 16.2×, so level and change sit with different companies. 14 of 30 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Embraer S.A. has the lowest comparable Guarded PEG at 0.51×, 20.3% below RTX Corporation. Only 14 of 30 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderEmbraer S.A. · 0.51×
Gap20.3% versus #2 · RTX Corporation
Persistence0/8 recent comparable periods
Coverage14/30 companies · 109 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Embraer S.A. EMBJ0.5
2RTX Corporation RTX0.6
3CAE Inc. CAE0.7
4Elbit Systems Ltd. ESLT1.2
5Hexcel Corporation HXL1.3
P/Elowest P/E
1Northrop Grumman Corporation NOC16.2
2Textron Inc. TXT16.8
3Lockheed Martin Corporation LMT18.7
4General Dynamics Corporation GD22.0
5Huntington Ingalls Industries, Inc. HII24.7
Valuation · company comparison
14/30 level · 26/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Axon Enterprise, Inc. AXON34.0170.6Mar 2026
Kratos Defense & Security Solutions, Inc. KTOS13.8423.2Mar 2026
TransDigm Group Incorporated TDG4.435.6Mar 2026
BWX Technologies, Inc. BWXT2.954.7Mar 2026
Curtiss-Wright Corporation CW2.349.9Mar 2026
Huntington Ingalls Industries, Inc. HII2.324.7Mar 2026
GE Aerospace GE2.143.9Jun 2026
Moog Inc. MOG-B1.831.0Mar 2026
Leonardo DRS, Inc. DRS1.841.6Mar 2026
Woodward, Inc. WWD1.746.0Mar 2026
General Dynamics Corporation GD1.622.0Jun 2026
HEICO Corporation HEI1.648.2Jun 2026
Howmet Aerospace Inc. HWM1.353.5Mar 2026
Hexcel Corporation HXL1.353.2Mar 2026
Elbit Systems Ltd. ESLT1.268.8Mar 2026
Northrop Grumman Corporation NOC0.816.2Jun 2026
CAE Inc. CAE0.737.3Mar 2026
Lockheed Martin Corporation LMT0.718.7Jun 2026
RTX Corporation RTX0.636.2Mar 2026
Embraer S.A. EMBJ0.554.9Mar 2026
The Boeing Company BA96.6Mar 2026
L3Harris Technologies, Inc. LHX33.5Jun 2026
FTAI Aviation Ltd. FTAI48.6Mar 2026
Textron Inc. TXT16.8Jun 2026
StandardAero, Inc. SARO29.4Mar 2026
AeroVironment, Inc. AVAV97.8Jun 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Axon Enterprise, Inc. · AXON

2.8
7.8
6.4
34.0

Curtiss-Wright Corporation · CW

0.7
0.8
0.7
1.2
1.3
1.2
1.7
2.3
1.8
2.5
2.8
2.0
2.3

Elbit Systems Ltd. · ESLT

2.4
2.6
0.9
0.7
0.9
0.9
1.2

GE Aerospace · GE

0.6
1.3
1.1
1.2
2.1

General Dynamics Corporation · GD

0.7
0.8
0.9
1.6

HEICO Corporation · HEI

5.0
3.8
3.9
3.2
4.0
3.8
2.6
1.9
1.7
2.1
1.9
2.6
1.6

Howmet Aerospace Inc. · HWM

0.6
1.0
0.6
0.7
0.9
1.1
1.5
1.8
1.3

Lockheed Martin Corporation · LMT

0.3
0.6
0.6
0.7

Northrop Grumman Corporation · NOC

0.8

RTX Corporation · RTX

0.8
1.0
0.6
1.2
0.9
0.9
0.6

TransDigm Group Incorporated · TDG

1.7
3.1
1.6
4.4
4.4

Woodward, Inc. · WWD

1.3
0.9
0.5
1.2
4.4
3.0
1.6
1.7

P/E · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Axon Enterprise, Inc. · AXON

264.9
47.8
79.8
81.7
119.0
145.6
100.5
110.9
90.7
77.0
103.3
123.8
127.0
204.4
227.1
376.1
170.6

Elbit Systems Ltd. · ESLT

19.2
28.1
38.3
43.5
42.7
26.5
26.6
35.0
32.6
44.2
41.4
32.5
34.2
35.9
48.7
51.0
51.8
50.7
68.8

GE Aerospace · GE

53.8
10.0
10.1
10.0
12.2
43.8
36.0
32.6
27.8
31.6
36.6
40.1
37.8
34.9
43.9

General Dynamics Corporation · GD

17.0
20.8
18.9
17.7
18.7
17.7
18.5
23.0
22.6
22.9
19.3
18.7
19.5
21.4
21.8
22.0

HEICO Corporation · HEI

63.1
58.8
58.1
63.9
63.8
66.0
61.8
61.3
54.4
58.7
65.2
70.8
66.7
59.1
58.6
71.5
64.9
65.4
48.2

Howmet Aerospace Inc. · HWM

48.0
54.0
49.9
34.9
30.0
35.5
36.8
39.3
30.4
29.6
33.1
34.4
38.3
38.9
42.3
54.4
55.1
55.3
53.5

L3Harris Technologies, Inc. · LHX

29.0
27.2
25.1
37.9
41.0
46.6
22.4
32.7
34.6
35.9
37.1
26.7
21.7
32.0
30.6
33.5

Lockheed Martin Corporation · LMT

16.1
15.6
20.0
24.3
19.0
22.5
21.7
16.8
15.1
16.5
16.6
17.0
21.1
21.8
19.1
25.8
27.2
22.5
29.8
18.7

Northrop Grumman Corporation · NOC

12.7
8.9
12.3
13.3
13.4
17.3
14.9
15.1
14.4
34.6
33.5
28.5
32.7
16.6
20.2
18.4
21.9
19.6
21.4
16.2

RTX Corporation · RTX

38.9
33.6
35.5
32.1
27.3
28.8
26.1
26.0
33.5
37.7
38.3
58.0
34.6
32.6
38.8
32.1
34.4
37.0
36.2

The Boeing Company · BA

87.6
96.6

TransDigm Group Incorporated · TDG

60.0
49.8
46.4
41.5
42.6
44.1
47.6
42.9
48.9
47.3
55.7
45.5
46.5
49.8
41.1
42.1
35.6
08 · compare level, then change

Enterprise Value & Book Value

Textron Inc. has the lowest EV/EBITDA among the 30 Aerospace & Defense companies compared here, at 12.2×. Lockheed Martin Corporation is next at 12.3×. The same company also holds the lowest P/BV, at 1.91×. 26 of 30 companies report a comparable reading, the latest through Jun 2026. Its EV/EBITDA series carries 17 reported observations across the 20-quarter window.

What the numbers say: Textron Inc. leads both ev/ebitda at 12.2× and p/bv at 1.91×.

LeaderTextron Inc. · 12.2×
Gap0.8% versus #2 · Lockheed Martin Corporation
Persistence0/8 recent comparable periods
Coverage26/30 companies · 443 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Textron Inc. TXT12.2
2Lockheed Martin Corporation LMT12.3
3Northrop Grumman Corporation NOC14.1
4StandardAero, Inc. SARO14.5
5CAE Inc. CAE14.8
P/BVlowest P/BV
1Textron Inc. TXT1.9
2CAE Inc. CAE2.2
3AeroVironment, Inc. AVAV2.2
4Huntington Ingalls Industries, Inc. HII2.9
5StandardAero, Inc. SARO3.2
Enterprise and book valuation · company comparison
26/30 level · 27/30 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Axon Enterprise, Inc. AXON504.29.7Mar 2026
AeroVironment, Inc. AVAV226.22.2Jun 2026
Kratos Defense & Security Solutions, Inc. KTOS135.94.0Mar 2026
BWX Technologies, Inc. BWXT45.114.6Mar 2026
Elbit Systems Ltd. ESLT43.79.3Mar 2026
GE Aerospace GE37.622.0Jun 2026
Howmet Aerospace Inc. HWM36.516.7Mar 2026
Curtiss-Wright Corporation CW33.09.6Mar 2026
Leonardo DRS, Inc. DRS31.94.3Mar 2026
Woodward, Inc. WWD31.08.4Mar 2026
HEICO Corporation HEI29.97.9Jun 2026
The Boeing Company BA28.926.2Mar 2026
FTAI Aviation Ltd. FTAI28.858.2Mar 2026
Hexcel Corporation HXL22.94.8Mar 2026
L3Harris Technologies, Inc. LHX21.93.4Jun 2026
Embraer S.A. EMBJ21.53.3Mar 2026
RTX Corporation RTX20.73.9Mar 2026
TransDigm Group Incorporated TDG19.1-6.8Mar 2026
Huntington Ingalls Industries, Inc. HII18.12.9Mar 2026
Moog Inc. MOG-B16.93.8Mar 2026
General Dynamics Corporation GD15.33.6Jun 2026
CAE Inc. CAE14.82.2Mar 2026
StandardAero, Inc. SARO14.53.2Mar 2026
Northrop Grumman Corporation NOC14.14.1Jun 2026
Lockheed Martin Corporation LMT12.313.3Jun 2026
Textron Inc. TXT12.21.9Jun 2026
Rocket Lab Corporation RKLB17.6Mar 2026
Planet Labs PBC PL29.7Jun 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Axon Enterprise, Inc. · AXON

171.6
117.4
99.9
137.6
102.8
87.3
107.0
121.9
115.3
186.0
423.2
421.3
985.2
1,218.4
2,168.9
504.2

Elbit Systems Ltd. · ESLT

13.5
15.6
19.9
20.6
18.6
15.8
15.4
19.5
17.5
20.1
19.8
16.7
18.1
19.5
26.0
27.6
29.2
32.0
43.7

GE Aerospace · GE

2.2
21.4
14.3
10.1
12.6
16.1
80.9
57.4
35.0
22.5
28.4
31.1
36.7
27.7
27.9
33.4
34.4
33.9
30.2
37.6

General Dynamics Corporation · GD

12.8
15.1
14.1
13.3
13.8
13.2
13.5
16.5
16.2
16.2
13.8
13.6
14.0
15.2
15.4
15.3

HEICO Corporation · HEI

39.7
37.5
37.1
39.1
38.3
38.9
36.1
36.0
32.6
33.5
35.3
37.0
36.5
34.2
34.2
42.0
38.5
39.1
29.9

Howmet Aerospace Inc. · HWM

15.5
16.7
17.8
15.4
14.9
16.6
16.9
18.6
16.4
17.2
20.0
20.7
24.5
24.7
27.1
36.1
35.8
36.4
36.5

L3Harris Technologies, Inc. · LHX

18.1
18.9
18.4
22.3
25.4
26.5
26.4
20.3
30.1
17.5
17.9
15.9
14.7
18.8
19.9
21.9

Lockheed Martin Corporation · LMT

10.2
10.0
12.7
12.0
11.9
14.0
13.6
12.9
11.7
12.7
12.6
12.8
15.2
15.3
13.5
16.8
16.8
13.6
17.6
12.3

Northrop Grumman Corporation · NOC

9.2
10.4
16.5
17.8
17.8
19.1
16.7
16.3
15.5
21.4
21.1
18.7
21.3
14.0
16.7
15.4
17.6
15.6
17.3
14.1

RTX Corporation · RTX

18.7
16.0
18.6
18.3
16.0
18.4
17.2
17.0
18.3
19.6
21.3
24.5
19.1
17.7
19.6
18.6
19.8
20.5
20.7

The Boeing Company · BA

321.8
179.4
139.8
1,210.3
31.3
28.9

TransDigm Group Incorporated · TDG

25.6
24.0
23.5
19.2
19.5
20.8
22.2
21.8
24.3
24.2
25.7
23.5
23.9
24.7
22.4
22.0
19.1

P/BV · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Axon Enterprise, Inc. · AXON

10.6
10.6
8.7
5.6
6.7
9.4
11.8
10.1
9.8
12.0
13.0
11.5
14.5
19.6
16.0
23.8
18.7
14.1
9.7

Elbit Systems Ltd. · ESLT

2.5
3.0
3.8
4.0
3.2
2.6
2.7
3.3
3.1
3.2
3.1
2.6
2.9
3.5
5.2
5.1
5.7
6.5
9.3

GE Aerospace · GE

1.9
1.6
1.6
1.3
1.3
1.7
2.6
3.1
3.4
4.0
5.1
9.3
10.8
9.3
11.1
14.3
16.9
17.3
16.4
22.0

General Dynamics Corporation · GD

3.5
3.7
3.5
3.3
3.3
3.0
3.0
3.6
3.6
3.6
3.2
3.3
3.3
3.7
3.6
3.6

HEICO Corporation · HEI

8.4
8.0
8.1
8.8
8.5
8.7
8.2
8.3
7.0
7.6
8.5
9.5
9.4
8.9
8.8
11.0
10.3
10.3
7.9

Howmet Aerospace Inc. · HWM

3.7
3.8
4.4
3.8
3.9
4.5
4.6
5.4
4.9
5.5
6.8
7.4
9.1
9.7
10.9
14.9
15.4
15.4
16.7

L3Harris Technologies, Inc. · LHX

2.2
2.5
2.4
2.1
2.0
2.0
1.8
2.1
2.2
2.3
2.3
2.0
2.0
2.9
2.9
3.4

Lockheed Martin Corporation · LMT

9.9
8.8
12.0
9.7
9.0
13.3
12.5
12.5
11.0
16.1
16.4
17.9
19.1
18.0
15.4
20.1
18.1
16.5
18.9
13.3

Northrop Grumman Corporation · NOC

5.0
4.7
2.6
5.4
5.2
5.5
4.6
4.5
4.2
4.8
5.0
4.5
5.2
4.5
4.9
4.6
5.4
4.9
5.7
4.1

RTX Corporation · RTX

1.8
1.8
2.0
2.0
1.7
2.0
2.0
2.0
1.5
1.9
2.1
2.3
2.6
2.6
2.9
3.1
3.5
3.8
3.9

The Boeing Company · BA

-9.0
-7.9
-7.4
-5.5
-4.1
-7.2
-8.2
-8.2
-6.9
-9.2
-7.0
-6.2
-4.0
-33.9
-38.6
-48.1
-19.9
31.2
26.2

TransDigm Group Incorporated · TDG

-11.8
-13.4
-12.6
-9.9
-10.3
-13.9
-20.6
-16.0
-22.7
-28.5
-12.8
-11.6
-13.7
-16.9
-7.5
-8.0
-6.8
09 · let price answer last

Market action

Planet Labs PBC has the strongest one-year price move in Aerospace & Defense at +230.4%. Hexcel Corporation leads on Mansfield relative strength against the S&P 500 at +27.3%. 13 of 27 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Aerospace & Defense comparison names 4 specific ways its own evidence can mislead, all listed below. All 30 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 30 companies in the canonical Aerospace & Defense membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Space Exploration Technologies Corp. SPCX$1.5T$1162026-07-28Mar 2026
GE Aerospace GEAHEAD$377.2B$3642026-07-28Jun 2026
RTX Corporation RTXAHEAD$294.6B$2192026-07-28Mar 2026
The Boeing Company BA$174.7B$2222026-07-28Mar 2026
Lockheed Martin Corporation LMTAHEAD$134.2B$5812026-07-28Jun 2026
Howmet Aerospace Inc. HWMAHEAD20/26 WEEKS$114.4B$2862026-07-28Mar 2026
General Dynamics Corporation GDAHEAD$106.2B$3932026-07-28Jun 2026
Northrop Grumman Corporation NOCLAGGING, FUNDAMENTALS UP$78.0B$5492026-07-28Jun 2026
TransDigm Group Incorporated TDGAHEAD$73.2B$1,3082026-07-28Mar 2026
Honeywell Aerospace Inc. HONA$68.4B$2162026-07-28Mar 2026
L3Harris Technologies, Inc. LHX$56.9B$3052026-07-28Jun 2026
HEICO Corporation HEIAHEAD$50.8B$3632026-07-28Jun 2026
Axon Enterprise, Inc. AXONAHEAD$44.1B$5482026-07-28Mar 2026
Elbit Systems Ltd. ESLT$38.6B$8192026-07-28Mar 2026
Rocket Lab Corporation RKLB$38.2B$63.92026-07-28Mar 2026
Curtiss-Wright Corporation CW$26.9B$7292026-07-28Mar 2026
Woodward, Inc. WWDAHEAD$24.5B$4112026-07-28Mar 2026
FTAI Aviation Ltd. FTAI$21.8B$2122026-07-28Mar 2026
Textron Inc. TXT$15.6B$90.02026-07-28Jun 2026
BWX Technologies, Inc. BWXT$15.5B$1702026-07-28Mar 2026
Moog Inc. MOG-BAHEAD20/26 WEEKS$13.3B$4282026-07-28Mar 2026
Leonardo DRS, Inc. DRSAHEAD$13.1B$49.22026-07-28Mar 2026
Embraer S.A. EMBJAHEAD$12.1B$69.12026-07-28Mar 2026
Huntington Ingalls Industries, Inc. HII$11.8B$3002026-07-28Mar 2026
StandardAero, Inc. SAROAHEAD$10.0B$30.22026-07-28Mar 2026
Kratos Defense & Security Solutions, Inc. KTOSLAGGING, FUNDAMENTALS UP$9.1B$48.62026-07-28Mar 2026
CAE Inc. CAE$8.5B$26.42026-07-28Mar 2026
Hexcel Corporation HXLAHEAD22/26 WEEKS$8.3B$1102026-07-28Mar 2026
AeroVironment, Inc. AVAV$7.9B$1562026-07-28Jun 2026
Planet Labs PBC PL19/26 WEEKS$7.3B$20.42026-07-28Jun 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 30 Aerospace & Defense companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Aerospace & Defense company comparison FAQs

These 18 answers restate the Aerospace & Defense comparison above in question form. Every one is computed from the same 30 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Aerospace & Defense company is the biggest?

The Boeing Company is the largest, with trailing-twelve-month revenue of $92,184 million, ahead of RTX Corporation at $90,373 million. That covers 22 of 30 companies with comparable reporting through Mar 2026.

Which Aerospace & Defense company is growing fastest?

AeroVironment, Inc. has the fastest revenue growth at 100% year on year, across 22 of 30 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Aerospace & Defense company has the best profit margins?

TransDigm Group Incorporated has the highest operating margin at 46.3%, from 30 of 30 comparable companies. Rocket Lab Corporation shows the biggest recent improvement, at +20.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Aerospace & Defense company makes the most profit?

GE Aerospace earns the most, at $8,974 million of trailing-twelve-month net profit, from 22 of 30 comparable companies. FTAI Aviation Ltd. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Aerospace & Defense company earns the highest return on capital?

Honeywell Aerospace Inc. leads on return on capital employed at 14.4%, across 30 of 30 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Aerospace & Defense stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Embraer S.A. screens cheapest at 0.51×. Only 14 of 30 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Aerospace & Defense company has the strongest balance sheet?

Rocket Lab Corporation carries the lowest comparable gross debt at $139 million, from 30 of 30 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Aerospace & Defense company is investing most in new capacity?

Space Exploration Technologies Corp. reports the largest capital spending at $8,919 million, across 30 of 30 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Aerospace & Defense sector beating the market?

Aerospace & Defense has outperformed S&P 500 by 10.2% over the last 52 weeks and 1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 13 of 27 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Aerospace & Defense stock has the strongest price momentum?

Hexcel Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Aerospace & Defense company scores highest for research priority?

Howmet Aerospace Inc. scores 70.3 out of 100 with 82% evidence confidence, from 25.6 points on growth and earnings, 15.3 on capital efficiency, 10.9 on valuation and 18.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Aerospace & Defense companies does this comparison cover, and over what period?

It compares 30 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Aerospace & Defense sector?

The 30 Aerospace & Defense companies on this page carry $3,389,884 million of combined market value. Space Exploration Technologies Corp. is the largest at $1,534,656 million, about 45% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Aerospace & Defense sector's P/E ratio?

The median price-to-earnings ratio across the 30 Aerospace & Defense companies on this page is 45.9×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Aerospace & Defense sector performing?

13 of the 27 covered Aerospace & Defense companies are beating S&P 500 on Mansfield relative strength. The sector itself is 10.2% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Aerospace & Defense stocks are listed in the US?

This comparison covers 30 listed Aerospace & Defense companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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