Leonardo DRS, Inc. (DRS) vs Moog Inc. (MOG.A)

Leonardo DRS, Inc. and Moog Inc. are both Aerospace & Defense companies. Moog Inc. is the larger, with a market value of $12.2B against $10.0B — 1.2× the size. Leonardo DRS, Inc. trades at the lower P/E: 30.4× against 32.6×. Moog Inc. grew revenue faster over the last twelve months: 15.8% against 10.5%. Moog Inc. has the higher net margin (8.73% vs 8.52%) and the higher return on invested capital (10.5% vs 9.27%). Across the 22 metrics below, Leonardo DRS, Inc. leads on 14 and Moog Inc. on 8.

Valuation

Metric DRS MOG.A Aerospace & Defense median
P/E 30.43 32.59 33.00
P/S 2.62 2.84 3.63
P/B 3.53 5.53 3.24
Price to free cash flow 27.21 34.77 34.01
EV/EBITDA 19.76 20.78 18.69
EV/Sales 2.59 3.04 3.94
Earnings yield 3.29% 3.07% 1.31%
Free cash flow yield 3.68% 2.88% 0.00%

Profitability

Metric DRS MOG.A Aerospace & Defense median
Gross margin 24.87% 28.20% 25.48%
Operating margin 10.53% 11.93% 4.54%
Net margin 8.52% 8.73% 2.22%
Free cash flow margin 9.63% 8.18% 0.00%
Return on equity 11.92% 18.11% 6.43%
Return on assets 7.78% 8.23% 2.70%
Return on invested capital 9.27% 10.52% 1.56%

Growth

Metric DRS MOG.A Aerospace & Defense median
Revenue growth (TTM) 10.46% 15.81% 18.43%
EPS growth (last fiscal year) 28.75% 14.53% —
Revenue growth, 5-year CAGR 116.77% 6.00% 9.62%
Net income growth, 5-year CAGR 118.05% 91.17% 0.00%

Health

Metric DRS MOG.A Aerospace & Defense median
Debt to equity 0.05 0.41 0.24
Current ratio 1.92 2.09 2.72
Net debt to EBITDA (0.68) 1.75 1.12

Dividend

Metric DRS MOG.A Aerospace & Defense median
Dividend yield — 0.77% 1.04%
Payout ratio 0.00 0.21 0.00

Size

Metric DRS MOG.A Aerospace & Defense median
Market cap 10.03b 12.15b 2.52b

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