Howmet Aerospace Inc. (HWM) vs Space Exploration Technologies Corp. (SPCX)

Howmet Aerospace Inc. and Space Exploration Technologies Corp. are both Aerospace & Defense companies. Space Exploration Technologies Corp. is the larger, with a market value of $1.68T against $79.9B — 21.0× the size. Space Exploration Technologies Corp. has negative trailing earnings, so its P/E is not meaningful; Howmet Aerospace Inc. trades at 39.3×. Howmet Aerospace Inc. has the higher net margin (21.1% vs −10.7%) and the higher return on invested capital (18.3% vs −0.33%). Both pay a dividend; Space Exploration Technologies Corp. yields more (2.87% vs 0.32%). Across the 18 metrics below, Howmet Aerospace Inc. leads on 12 and Space Exploration Technologies Corp. on 6.

Valuation

Metric HWM SPCX Aerospace & Defense median
P/E 39.32 n/m 28.48
P/S 8.24 46.62 2.95
P/B 13.92 8.45 2.68
Price to free cash flow 37.19 n/m 31.70
EV/EBITDA 27.42 140.42 16.85
EV/Sales 8.61 45.03 2.74
Earnings yield 2.54% (1.43%) 0.89%
Free cash flow yield 2.69% (2.63%) 0.00%

Profitability

Metric HWM SPCX Aerospace & Defense median
Gross margin 36.63% 56.74% 26.41%
Operating margin 28.05% (2.08%) 3.69%
Net margin 21.10% (10.71%) 2.74%
Free cash flow margin 22.16% (122.62%) 0.00%
Return on equity 37.84% (3.78%) 4.44%
Return on assets 16.79% (2.21%) 1.90%
Return on invested capital 18.33% (0.33%) 0.26%

Growth

Metric HWM SPCX Aerospace & Defense median
Revenue growth (TTM) 22.02% — 18.03%
EPS growth (last fiscal year) 32.03% (93,838.89%) 24.80%
Revenue growth, 5-year CAGR 9.43% — 9.73%
Net income growth, 5-year CAGR 42.20% — 0.00%

Health

Metric HWM SPCX Aerospace & Defense median
Debt to equity 0.70 0.22 0.20
Current ratio 1.86 3.08 2.85
Net debt to EBITDA 0.99 (0.44) 1.29

Dividend

Metric HWM SPCX Aerospace & Defense median
Dividend yield 0.32% 2.87% 0.91%
Payout ratio 0.13 — 0.30

Size

Metric HWM SPCX Aerospace & Defense median
Market cap 79.89b 1.68t 1.78b

Compare with another peer

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