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Howmet Aerospace Inc. (HWM) vs L3Harris Technologies Inc (LHX)

Howmet Aerospace Inc. and L3Harris Technologies Inc are both Aerospace & Defense companies. Howmet Aerospace Inc. is the larger, with a market value of $87.6B against $44.8B — 2.0× the size. L3Harris Technologies Inc trades at the lower P/E: 25.0× against 47.4×. Howmet Aerospace Inc. grew revenue faster over the last twelve months: 18.1% against 7.29%. Howmet Aerospace Inc. has the higher net margin (20.5% vs 8.11%) and the higher return on invested capital (16.9% vs 5.12%). Both pay a dividend; L3Harris Technologies Inc yields more (1.99% vs 0.23%). Across the 23 metrics below, Howmet Aerospace Inc. leads on 13 and L3Harris Technologies Inc on 10.

Valuation

Metric HWM LHX Aerospace & Defense median
P/E 47.42 24.95 31.81
P/S 9.69 2.02 3.55
P/B 15.42 2.33 2.59
Price to free cash flow 43.82 16.49 31.99
EV/EBITDA 32.83 15.15 18.08
EV/Sales 10.08 2.43 3.37
Earnings yield 2.11% 4.01% 1.38%
Free cash flow yield 2.28% 6.06% 0.21%

Profitability

Metric HWM LHX Aerospace & Defense median
Gross margin 36.03% 25.48% 25.48%
Operating margin 27.37% 10.49% 4.54%
Net margin 20.51% 8.11% 2.22%
Free cash flow margin 22.12% 12.24% 1.43%
Return on equity 34.89% 9.50% 6.43%
Return on assets 15.39% 4.42% 2.70%
Return on invested capital 16.91% 5.12% 1.56%

Growth

Metric HWM LHX Aerospace & Defense median
Revenue growth (TTM) 18.08% 7.29% 18.43%
EPS growth (last fiscal year) 32.03% 8.39% 24.27%
Revenue growth, 5-year CAGR 9.43% 3.74% 9.73%
Net income growth, 5-year CAGR 42.20% 7.49% 0.00%

Health

Metric HWM LHX Aerospace & Defense median
Debt to equity 0.71 0.55 0.24
Current ratio 1.82 1.18 2.72
Net debt to EBITDA 0.99 2.68 1.12

Dividend

Metric HWM LHX Aerospace & Defense median
Dividend yield 0.23% 1.99% 0.90%
Payout ratio 0.11 0.50 0.32

Size

Metric HWM LHX Aerospace & Defense median
Market cap 87.62b 44.78b 2.19b

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