Heico Corporation (HEI) vs Rocket Lab Corporation (RKLB)

Heico Corporation and Rocket Lab Corporation are both Aerospace & Defense companies. Heico Corporation is the larger, with a market value of $36.7B against $33.1B — 1.1× the size. Rocket Lab Corporation has negative trailing earnings, so its P/E is not meaningful; Heico Corporation trades at 51.0×. Rocket Lab Corporation grew revenue faster over the last twelve months: 52.5% against 20.7%. Heico Corporation has the higher net margin (16.4% vs −21.5%) and the higher return on invested capital (10.6% vs −11.5%). Across the 19 metrics below, Heico Corporation leads on 15 and Rocket Lab Corporation on 4.

Valuation

Metric HEI RKLB Aerospace & Defense median
P/E 50.97 n/m 31.81
P/S 8.36 41.62 3.55
P/B 8.61 9.17 2.59
Price to free cash flow 42.02 n/m 31.99
EV/EBITDA 31.18 n/m 18.08
EV/Sales 8.81 38.69 3.37
Earnings yield 1.96% (0.53%) 1.38%
Free cash flow yield 2.38% (1.16%) 0.21%

Profitability

Metric HEI RKLB Aerospace & Defense median
Gross margin 40.40% 37.26% 25.48%
Operating margin 24.04% (29.06%) 4.54%
Net margin 16.38% (21.51%) 2.22%
Free cash flow margin 19.90% (48.13%) 1.43%
Return on equity 18.35% (7.92%) 6.43%
Return on assets 9.18% (5.76%) 2.70%
Return on invested capital 10.62% (11.46%) 1.56%

Growth

Metric HEI RKLB Aerospace & Defense median
Revenue growth (TTM) 20.69% 52.53% 18.43%
EPS growth (last fiscal year) 33.51% 2.63% 24.27%
Revenue growth, 5-year CAGR 20.21% 76.47% 9.73%
Net income growth, 5-year CAGR 17.07% 0.00% 0.00%

Health

Metric HEI RKLB Aerospace & Defense median
Debt to equity 0.51 0.01 0.24
Current ratio 2.72 5.48 2.72
Net debt to EBITDA 1.61 4.66 1.12

Dividend

Metric HEI RKLB Aerospace & Defense median
Dividend yield 0.08% — 0.90%
Payout ratio 0.04 — 0.32

Size

Metric HEI RKLB Aerospace & Defense median
Market cap 36.66b 33.06b 2.19b

Compare with another peer

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