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Heico Corporation (HEI) vs L3Harris Technologies Inc (LHX)

Heico Corporation and L3Harris Technologies Inc are both Aerospace & Defense companies. L3Harris Technologies Inc is the larger, with a market value of $48.1B against $38.5B — 1.2× the size. L3Harris Technologies Inc trades at the lower P/E: 23.8× against 53.7×. Heico Corporation grew revenue faster over the last twelve months: 20.7% against 7.33%. Heico Corporation has the higher net margin (16.4% vs 8.62%) and the higher return on invested capital (10.6% vs 5.69%). Both pay a dividend; L3Harris Technologies Inc yields more (1.91% vs 0.08%). Across the 23 metrics below, Heico Corporation leads on 14 and L3Harris Technologies Inc on 9.

Valuation

Metric HEI LHX Aerospace & Defense median
P/E 53.72 23.79 28.48
P/S 8.81 2.07 2.95
P/B 9.08 2.38 2.68
Price to free cash flow 44.29 13.20 31.70
EV/EBITDA 32.78 14.77 16.85
EV/Sales 9.26 2.41 2.74
Earnings yield 1.86% 4.20% 0.89%
Free cash flow yield 2.26% 7.58% 0.00%

Profitability

Metric HEI LHX Aerospace & Defense median
Gross margin 40.40% 25.55% 26.41%
Operating margin 24.04% 11.01% 3.69%
Net margin 16.38% 8.62% 2.74%
Free cash flow margin 19.90% 15.65% 0.00%
Return on equity 18.35% 10.11% 4.44%
Return on assets 9.18% 4.74% 1.90%
Return on invested capital 10.62% 5.69% 0.26%

Growth

Metric HEI LHX Aerospace & Defense median
Revenue growth (TTM) 20.69% 7.33% 18.03%
EPS growth (last fiscal year) 33.51% 8.39% 24.80%
Revenue growth, 5-year CAGR 20.21% 3.74% 9.73%
Net income growth, 5-year CAGR 17.07% 7.49% 0.00%

Health

Metric HEI LHX Aerospace & Defense median
Debt to equity 0.51 0.54 0.20
Current ratio 2.72 1.20 2.85
Net debt to EBITDA 1.61 2.68 1.29

Dividend

Metric HEI LHX Aerospace & Defense median
Dividend yield 0.08% 1.91% 0.91%
Payout ratio 0.04 0.46 0.30

Size

Metric HEI LHX Aerospace & Defense median
Market cap 38.54b 48.06b 1.78b

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