Space Exploration Technologies Corp. (SPCX) vs Transdigm Group Incorporated (TDG)

Space Exploration Technologies Corp. and Transdigm Group Incorporated are both Aerospace & Defense companies. Space Exploration Technologies Corp. is the larger, with a market value of $1.68T against $65.7B — 25.5× the size. Space Exploration Technologies Corp. has negative trailing earnings, so its P/E is not meaningful; Transdigm Group Incorporated trades at 36.1×. Transdigm Group Incorporated has the higher net margin (19.1% vs −10.7%) and the higher return on invested capital (14.3% vs −0.33%). Only Space Exploration Technologies Corp. pays a dividend (2.87%). Across the 17 metrics below, Transdigm Group Incorporated leads on 13 and Space Exploration Technologies Corp. on 4.

Valuation

Metric SPCX TDG Aerospace & Defense median
P/E n/m 36.15 28.48
P/S 46.62 6.83 2.95
P/B 8.45 n/m 2.68
Price to free cash flow n/m 35.49 31.70
EV/EBITDA 140.42 19.55 16.85
EV/Sales 45.03 9.83 2.74
Earnings yield (1.43%) 2.77% 0.89%
Free cash flow yield (2.63%) 2.82% 0.00%

Profitability

Metric SPCX TDG Aerospace & Defense median
Gross margin 56.74% 59.56% 26.41%
Operating margin (2.08%) 46.04% 3.69%
Net margin (10.71%) 19.09% 2.74%
Free cash flow margin (122.62%) 19.25% 0.00%
Return on equity (3.78%) (25.83%) 4.44%
Return on assets (2.21%) 7.73% 1.90%
Return on invested capital (0.33%) 14.27% 0.26%

Growth

Metric SPCX TDG Aerospace & Defense median
Revenue growth (TTM) — 16.66% 18.03%
EPS growth (last fiscal year) (93,838.89%) 25.21% 24.80%
Revenue growth, 5-year CAGR — 11.59% 9.73%
Net income growth, 5-year CAGR — 29.42% 0.00%

Health

Metric SPCX TDG Aerospace & Defense median
Debt to equity 0.22 (3.34) 0.20
Current ratio 3.08 3.02 2.85
Net debt to EBITDA (0.44) 5.85 1.29

Dividend

Metric SPCX TDG Aerospace & Defense median
Dividend yield 2.87% 0.00% 0.91%
Payout ratio — 0.00 0.30

Size

Metric SPCX TDG Aerospace & Defense median
Market cap 1.68t 65.73b 1.78b

Compare with another peer

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