The Boeing Company (BA) vs L3Harris Technologies Inc (LHX)

The Boeing Company and L3Harris Technologies Inc are both Aerospace & Defense companies. The Boeing Company is the larger, with a market value of $148.4B against $44.1B — 3.4× the size. L3Harris Technologies Inc trades at the lower P/E: 23.8× against 71.3×. The Boeing Company grew revenue faster over the last twelve months: 24.8% against 7.29%. L3Harris Technologies Inc has the higher net margin (8.11% vs 2.22%) and the lower return on invested capital (5.12% vs 8.99%). Across the 21 metrics below, L3Harris Technologies Inc leads on 14 and The Boeing Company on 7.

Valuation

Metric BA LHX Aerospace & Defense median
P/E 71.30 23.79 32.34
P/S 1.60 1.92 3.59
P/B 24.64 2.22 2.83
Price to free cash flow n/m 15.72 31.13
EV/EBITDA 25.95 14.57 18.50
EV/Sales 1.88 2.34 3.61
Earnings yield 1.40% 4.20% 1.35%
Free cash flow yield (0.09%) 6.36% 0.00%

Profitability

Metric BA LHX Aerospace & Defense median
Gross margin 4.68% 25.48% 25.48%
Operating margin 4.89% 10.49% 4.54%
Net margin 2.22% 8.11% 2.22%
Free cash flow margin (0.14%) 12.24% 0.00%
Return on equity 148.84% 9.50% 6.43%
Return on assets 1.30% 4.42% 2.70%
Return on invested capital 8.99% 5.12% 1.56%

Growth

Metric BA LHX Aerospace & Defense median
Revenue growth (TTM) 24.78% 7.29% 18.43%
EPS growth (last fiscal year) 113.51% 8.39% 24.27%
Revenue growth, 5-year CAGR 9.00% 3.74% 9.73%
Net income growth, 5-year CAGR 0.00% 7.49% 0.00%

Health

Metric BA LHX Aerospace & Defense median
Debt to equity 7.51 0.55 0.24
Current ratio 1.14 1.18 2.72
Net debt to EBITDA 3.96 2.68 1.12

Dividend

Metric BA LHX Aerospace & Defense median
Dividend yield — 2.09% 0.92%
Payout ratio — 0.50 0.33

Size

Metric BA LHX Aerospace & Defense median
Market cap 148.39b 44.12b 2.33b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack