Moog Inc. (MOG.B) vs Redwire Corporation (RDW)

Moog Inc. and Redwire Corporation are both Aerospace & Defense companies. Moog Inc. is the larger, with a market value of $3.7B against $3.0B — 1.2× the size. Redwire Corporation has negative trailing earnings, so its P/E is not meaningful; Moog Inc. trades at 33.0×. Redwire Corporation grew revenue faster over the last twelve months: 63.1% against 15.8%. Moog Inc. has the higher net margin (8.73% vs −60.7%) and the higher return on invested capital (10.5% vs −12.0%). Across the 19 metrics below, Moog Inc. leads on 13 and Redwire Corporation on 6.

Valuation

Metric MOG.B RDW Aerospace & Defense median
P/E 33.00 n/m 33.00
P/S 2.88 6.01 3.63
P/B 5.60 1.57 3.24
Price to free cash flow 35.21 n/m 34.01
EV/EBITDA 21.03 n/m 18.69
EV/Sales 3.08 4.82 3.94
Earnings yield 3.03% (12.56%) 1.31%
Free cash flow yield 2.84% (4.14%) 0.00%

Profitability

Metric MOG.B RDW Aerospace & Defense median
Gross margin 28.20% 20.10% 25.48%
Operating margin 11.93% (50.50%) 4.54%
Net margin 8.73% (60.67%) 2.22%
Free cash flow margin 8.18% (24.86%) 0.00%
Return on equity 18.11% (20.38%) 6.43%
Return on assets 8.23% (14.99%) 2.70%
Return on invested capital 10.52% (12.00%) 1.56%

Growth

Metric MOG.B RDW Aerospace & Defense median
Revenue growth (TTM) 15.81% 63.10% 18.43%
EPS growth (last fiscal year) 14.53% 2.98% —
Revenue growth, 5-year CAGR 6.00% 42.32% 9.62%
Net income growth, 5-year CAGR 91.17% 0.00% 0.00%

Health

Metric MOG.B RDW Aerospace & Defense median
Debt to equity 0.41 0.03 0.24
Current ratio 2.09 3.92 2.72
Net debt to EBITDA 1.75 0.04 1.12

Dividend

Metric MOG.B RDW Aerospace & Defense median
Dividend yield 0.93% — 1.04%
Payout ratio 0.21 0.00 0.00

Size

Metric MOG.B RDW Aerospace & Defense median
Market cap 3.66b 2.96b 2.52b

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