Heico Corporation (HEI) vs Woodward, Inc. (WWD)

Heico Corporation and Woodward, Inc. are both Aerospace & Defense companies. Heico Corporation is the larger, with a market value of $35.2B against $19.6B — 1.8× the size. Woodward, Inc. trades at the lower P/E: 35.9× against 48.8×. Woodward, Inc. grew revenue faster over the last twelve months: 22.4% against 20.7%. Heico Corporation has the higher net margin (16.4% vs 13.2%) and the lower return on invested capital (10.6% vs 12.3%). Both pay a dividend; Woodward, Inc. yields more (0.37% vs 0.08%). Across the 23 metrics below, Woodward, Inc. leads on 12 and Heico Corporation on 11.

Valuation

Metric HEI WWD Aerospace & Defense median
P/E 48.80 35.93 31.91
P/S 8.01 4.71 3.62
P/B 8.25 7.99 2.59
Price to free cash flow 40.24 52.48 31.60
EV/EBITDA 29.92 26.58 17.80
EV/Sales 8.45 4.92 3.56
Earnings yield 2.05% 2.78% 1.33%
Free cash flow yield 2.49% 1.91% 0.18%

Profitability

Metric HEI WWD Aerospace & Defense median
Gross margin 40.40% 29.47% 25.48%
Operating margin 24.04% 15.64% 4.54%
Net margin 16.38% 13.17% 2.22%
Free cash flow margin 19.90% 8.98% 0.00%
Return on equity 18.35% 22.34% 6.03%
Return on assets 9.18% 11.14% 2.70%
Return on invested capital 10.62% 12.27% 1.56%

Growth

Metric HEI WWD Aerospace & Defense median
Revenue growth (TTM) 20.69% 22.35% 18.43%
EPS growth (last fiscal year) 33.51% 19.63% 24.27%
Revenue growth, 5-year CAGR 20.21% 7.41% 9.73%
Net income growth, 5-year CAGR 17.07% 12.96% 0.00%

Health

Metric HEI WWD Aerospace & Defense median
Debt to equity 0.51 0.54 0.24
Current ratio 2.72 1.65 2.72
Net debt to EBITDA 1.61 0.63 1.12

Dividend

Metric HEI WWD Aerospace & Defense median
Dividend yield 0.08% 0.37% 0.92%
Payout ratio 0.04 0.14 0.33

Size

Metric HEI WWD Aerospace & Defense median
Market cap 35.19b 19.64b 2.23b

Compare with another peer

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