Astronics Corporation (ATRO) vs V2X, Inc. (VVX)

Astronics Corporation and V2X, Inc. are both Aerospace & Defense companies. Astronics Corporation is the larger, with a market value of $2.6B against $2.2B — 1.2× the size. V2X, Inc. trades at the lower P/E: 23.9× against 33.3×. Astronics Corporation grew revenue faster over the last twelve months: 14.5% against 13.0%. Astronics Corporation has the higher net margin (8.40% vs 1.88%) and the higher return on invested capital (15.8% vs 6.51%). Across the 22 metrics below, V2X, Inc. leads on 12 and Astronics Corporation on 10.

Valuation

Metric ATRO VVX Aerospace & Defense median
P/E 33.35 23.94 31.81
P/S 2.81 0.45 3.55
P/B 13.35 1.94 2.59
Price to free cash flow 43.61 15.68 31.99
EV/EBITDA 19.35 9.34 18.08
EV/Sales 3.13 0.62 3.37
Earnings yield 3.00% 4.18% 1.38%
Free cash flow yield 2.29% 6.38% 0.21%

Profitability

Metric ATRO VVX Aerospace & Defense median
Gross margin 32.54% 8.47% 25.48%
Operating margin 13.40% 4.19% 4.54%
Net margin 8.40% 1.88% 2.22%
Free cash flow margin 6.44% 2.86% 1.43%
Return on equity 33.68% 8.35% 6.43%
Return on assets 11.24% 2.90% 2.70%
Return on invested capital 15.79% 6.51% 1.56%

Growth

Metric ATRO VVX Aerospace & Defense median
Revenue growth (TTM) 14.49% 12.99% 18.43%
EPS growth (last fiscal year) 276.10% 126.85% 24.27%
Revenue growth, 5-year CAGR 11.40% 26.27% 9.73%
Net income growth, 5-year CAGR 0.00% 16.08% 0.00%

Health

Metric ATRO VVX Aerospace & Defense median
Debt to equity 1.57 0.92 0.24
Current ratio 2.97 1.32 2.72
Net debt to EBITDA 3.12 2.28 1.12

Dividend

Metric ATRO VVX Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric ATRO VVX Aerospace & Defense median
Market cap 2.63b 2.15b 2.19b

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