Honeywell Aerospace inc. (HONA) vs Rocket Lab Corporation (RKLB)

Honeywell Aerospace inc. and Rocket Lab Corporation are both Aerospace & Defense companies. Honeywell Aerospace inc. is the larger, with a market value of $49.9B against $32.6B — 1.5× the size. Honeywell Aerospace inc. has the higher net margin (13.7% vs −21.5%) and the higher return on invested capital (19.8% vs −11.5%). Across the 12 metrics below, Honeywell Aerospace inc. leads on 10 and Rocket Lab Corporation on 2.

Valuation

Metric HONA RKLB Aerospace & Defense median
P/E — n/m 31.60
P/S 2.76 44.18 3.36
P/B n/m 9.73 2.99
Price to free cash flow n/m n/m 33.23
EV/EBITDA 16.15 n/m 19.00
EV/Sales 3.56 41.24 3.37
Earnings yield — (0.50%) 0.90%
Free cash flow yield 0.00% (1.09%) 0.00%

Profitability

Metric HONA RKLB Aerospace & Defense median
Gross margin 36.23% 37.26% 25.95%
Operating margin 20.84% (29.06%) 1.21%
Net margin 13.68% (21.51%) 2.11%
Free cash flow margin 0.00% (48.13%) 0.00%
Return on equity 0.00% (7.92%) 2.67%
Return on assets 0.00% (5.76%) 1.90%
Return on invested capital 19.84% (11.46%) 0.25%

Growth

Metric HONA RKLB Aerospace & Defense median
Revenue growth (TTM) — 52.53% 18.25%
EPS growth (last fiscal year) — 2.63% 24.80%
Revenue growth, 5-year CAGR — 76.47% 9.73%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric HONA RKLB Aerospace & Defense median
Debt to equity (6.37) 0.01 0.18
Current ratio 1.64 5.48 2.85
Net debt to EBITDA — 4.66 1.29

Dividend

Metric HONA RKLB Aerospace & Defense median
Dividend yield 0.26% — 0.87%
Payout ratio — — 0.30

Size

Metric HONA RKLB Aerospace & Defense median
Market cap 49.93b 32.57b 1.94b

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