Aerospace & Defense
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HEI vs CW
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
HEI vs CW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $24.38B | $26.70B |
| Revenue (TTM) | $4.63B | $3.61B |
| Net Income (TTM) | $713M | $511M |
| Gross Margin | 30.4% | 37.2% |
| Operating Margin | 22.8% | 18.5% |
| Forward P/E | 51.6x | 48.0x |
| Total Debt | $2.19B | $1.31B |
| Cash & Equiv. | $218M | $371M |
HEI vs CW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| HEICO Corporation (HEI) | 100 | 287.4 | +187.4% |
| Curtiss-Wright Corp… (CW) | 100 | 721.2 | +621.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HEI vs CW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HEI is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 10 yrs, beta 1.04, yield 0.1%
- Rev growth 16.3%, EPS growth 33.5%, 3Y rev CAGR 26.6%
- 8.2% 10Y total return vs CW's 8.2%
CW carries the broadest edge in this set and is the clearest fit for valuation efficiency.
- PEG 2.20 vs HEI's 3.14
- Lower P/E (48.0x vs 51.6x), PEG 2.20 vs 3.14
- 0.1% yield, 10-year raise streak, vs HEI's 0.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.3% revenue growth vs CW's 12.1% | |
| Value | Lower P/E (48.0x vs 51.6x), PEG 2.20 vs 3.14 | |
| Quality / Margins | 15.4% margin vs CW's 14.2% | |
| Stability / Safety | Beta 1.04 vs CW's 1.23, lower leverage | |
| Dividends | 0.1% yield, 10-year raise streak, vs HEI's 0.1% | |
| Momentum (1Y) | +100.0% vs HEI's +8.1% | |
| Efficiency (ROA) | 9.8% ROA vs HEI's 7.9%, ROIC 14.1% vs 12.6% |
HEI vs CW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HEI vs CW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HEI leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HEI and CW operate at a comparable scale, with $4.6B and $3.6B in trailing revenue. Profitability is closely matched — net margins range from 15.4% (HEI) to 14.2% (CW).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $4.6B | $3.6B |
| EBITDAEarnings before interest/tax | $1.2B | $729M |
| Net IncomeAfter-tax profit | $713M | $511M |
| Free Cash FlowCash after capex | $841M | $591M |
| Gross MarginGross profit ÷ Revenue | +30.4% | +37.2% |
| Operating MarginEBIT ÷ Revenue | +22.8% | +18.5% |
| Net MarginNet income ÷ Revenue | +15.4% | +14.2% |
| FCF MarginFCF ÷ Revenue | +18.1% | +16.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.4% | +13.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +12.5% | +29.1% |
Valuation Metrics
HEI leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 56.2x trailing earnings, CW trades at a 5% valuation discount to HEI's 59.1x P/E. Adjusting for growth (PEG ratio), CW offers better value at 2.58x vs HEI's 3.60x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $24.4B | $26.7B |
| Enterprise ValueMkt cap + debt − cash | $26.4B | $27.6B |
| Trailing P/EPrice ÷ TTM EPS | 59.09x | 56.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 51.57x | 48.02x |
| PEG RatioP/E ÷ EPS growth rate | 3.60x | 2.58x |
| EV / EBITDAEnterprise value multiple | 21.69x | 43.32x |
| Price / SalesMarket cap ÷ Revenue | 5.44x | 7.63x |
| Price / BookPrice ÷ Book value/share | 9.31x | 10.74x |
| Price / FCFMarket cap ÷ FCF | 28.30x | 48.21x |
Profitability & Efficiency
CW leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
CW delivers a 19.6% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $13 for HEI. HEI carries lower financial leverage with a 0.50x debt-to-equity ratio, signaling a more conservative balance sheet compared to CW's 0.52x. On the Piotroski fundamental quality scale (0–9), CW scores 7/9 vs HEI's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +12.9% | +19.6% |
| ROA (TTM)Return on assets | +7.9% | +9.8% |
| ROICReturn on invested capital | +12.6% | +14.1% |
| ROCEReturn on capital employed | +14.0% | +16.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.50x | 0.52x |
| Net DebtTotal debt minus cash | $2.0B | $943M |
| Cash & Equiv.Liquid assets | $218M | $371M |
| Total DebtShort + long-term debt | $2.2B | $1.3B |
| Interest CoverageEBIT ÷ Interest expense | 8.32x | 15.90x |
Total Returns (Dividends Reinvested)
CW leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CW five years ago would be worth $54,902 today (with dividends reinvested), compared to $20,516 for HEI. Over the past 12 months, CW leads with a +100.0% total return vs HEI's +8.1%. The 3-year compound annual growth rate (CAGR) favors CW at 64.7% vs HEI's 19.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -12.0% | +26.4% |
| 1-Year ReturnPast 12 months | +8.1% | +100.0% |
| 3-Year ReturnCumulative with dividends | +71.7% | +347.1% |
| 5-Year ReturnCumulative with dividends | +105.2% | +449.0% |
| 10-Year ReturnCumulative with dividends | +823.0% | +815.8% |
| CAGR (3Y)Annualised 3-year return | +19.7% | +64.7% |
Risk & Volatility
Evenly matched — HEI and CW each lead in 1 of 2 comparable metrics.
Risk & Volatility
HEI is the less volatile stock with a 1.04 beta — it tends to amplify market swings less than CW's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CW currently trades 96.4% from its 52-week high vs HEI's 80.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.04x | 1.23x |
| 52-Week HighHighest price in past year | $361.69 | $750.00 |
| 52-Week LowLowest price in past year | $256.11 | $359.48 |
| % of 52W HighCurrent price vs 52-week peak | +80.1% | +96.4% |
| RSI (14)Momentum oscillator 0–100 | 60.7 | 59.8 |
| Avg Volume (50D)Average daily shares traded | 698K | 303K |
Analyst Outlook
CW leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates HEI as "Buy" and CW as "Buy". Consensus price targets imply 28.1% upside for HEI (target: $371) vs -2.0% for CW (target: $709). CW is the only dividend payer here at 0.13% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $371.00 | $708.50 |
| # AnalystsCovering analysts | 34 | 25 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +0.1% |
| Dividend StreakConsecutive years of raises | 10 | 10 |
| Dividend / ShareAnnual DPS | $0.23 | $0.92 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +1.7% |
CW leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). HEI leads in 2 (Income & Cash Flow, Valuation Metrics). 1 tied.
HEI vs CW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HEI or CW a better buy right now?
For growth investors, HEICO Corporation (HEI) is the stronger pick with 16.
3% revenue growth year-over-year, versus 12. 1% for Curtiss-Wright Corporation (CW). Curtiss-Wright Corporation (CW) offers the better valuation at 56. 2x trailing P/E (48. 0x forward), making it the more compelling value choice. Analysts rate HEICO Corporation (HEI) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HEI or CW?
On trailing P/E, Curtiss-Wright Corporation (CW) is the cheapest at 56.
2x versus HEICO Corporation at 59. 1x. On forward P/E, Curtiss-Wright Corporation is actually cheaper at 48. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Curtiss-Wright Corporation wins at 2. 20x versus HEICO Corporation's 3. 14x.
03Which is the better long-term investment — HEI or CW?
Over the past 5 years, Curtiss-Wright Corporation (CW) delivered a total return of +449.
0%, compared to +105. 2% for HEICO Corporation (HEI). Over 10 years, the gap is even starker: HEI returned +823. 0% versus CW's +815. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HEI or CW?
By beta (market sensitivity over 5 years), HEICO Corporation (HEI) is the lower-risk stock at 1.
04β versus Curtiss-Wright Corporation's 1. 23β — meaning CW is approximately 19% more volatile than HEI relative to the S&P 500. On balance sheet safety, HEICO Corporation (HEI) carries a lower debt/equity ratio of 50% versus 52% for Curtiss-Wright Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — HEI or CW?
By revenue growth (latest reported year), HEICO Corporation (HEI) is pulling ahead at 16.
3% versus 12. 1% for Curtiss-Wright Corporation (CW). On earnings-per-share growth, the picture is similar: HEICO Corporation grew EPS 33. 5% year-over-year, compared to 22. 0% for Curtiss-Wright Corporation. Over a 3-year CAGR, HEI leads at 26. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HEI or CW?
HEICO Corporation (HEI) is the more profitable company, earning 15.
4% net margin versus 13. 8% for Curtiss-Wright Corporation — meaning it keeps 15. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HEI leads at 22. 7% versus 18. 2% for CW. At the gross margin level — before operating expenses — HEI leads at 39. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HEI or CW more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Curtiss-Wright Corporation (CW) is the more undervalued stock at a PEG of 2. 20x versus HEICO Corporation's 3. 14x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Curtiss-Wright Corporation (CW) trades at 48. 0x forward P/E versus 51. 6x for HEICO Corporation — 3. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HEI: 28. 1% to $371. 00.
08Which pays a better dividend — HEI or CW?
In this comparison, CW (0.
1% yield) pays a dividend. HEI does not pay a meaningful dividend and should not be held primarily for income.
09Is HEI or CW better for a retirement portfolio?
For long-horizon retirement investors, HEICO Corporation (HEI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
04), +823. 0% 10Y return). Both have compounded well over 10 years (HEI: +823. 0%, CW: +815. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HEI and CW?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HEI is a mid-cap high-growth stock; CW is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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