Aerospace & Defense
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CW vs LHX
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
CW vs LHX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $26.70B | $56.26B |
| Revenue (TTM) | $3.61B | $22.48B |
| Net Income (TTM) | $511M | $1.73B |
| Gross Margin | 37.2% | 24.5% |
| Operating Margin | 18.5% | 10.0% |
| Forward P/E | 48.0x | 26.0x |
| Total Debt | $1.31B | $10.44B |
| Cash & Equiv. | $371M | $1.07B |
CW vs LHX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Curtiss-Wright Corp… (CW) | 100 | 721.2 | +621.2% |
| L3Harris Technologi… (LHX) | 100 | 151.0 | +51.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CW vs LHX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CW carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 12.1%, EPS growth 22.0%, 3Y rev CAGR 11.0%
- 8.2% 10Y total return vs LHX's 346.1%
- Lower volatility, beta 1.23, Low D/E 51.9%, current ratio 1.44x
LHX is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 6 yrs, beta 0.39, yield 1.6%
- Beta 0.39, yield 1.6%, current ratio 1.19x
- Lower P/E (26.0x vs 48.0x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.1% revenue growth vs LHX's 2.5% | |
| Value | Lower P/E (26.0x vs 48.0x) | |
| Quality / Margins | 14.2% margin vs LHX's 7.7% | |
| Stability / Safety | Beta 0.39 vs CW's 1.23 | |
| Dividends | 1.6% yield, 6-year raise streak, vs CW's 0.1% | |
| Momentum (1Y) | +100.0% vs LHX's +40.4% | |
| Efficiency (ROA) | 9.8% ROA vs LHX's 4.2%, ROIC 14.1% vs 5.4% |
CW vs LHX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CW vs LHX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CW leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LHX is the larger business by revenue, generating $22.5B annually — 6.2x CW's $3.6B. CW is the more profitable business, keeping 14.2% of every revenue dollar as net income compared to LHX's 7.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.6B | $22.5B |
| EBITDAEarnings before interest/tax | $729M | $3.3B |
| Net IncomeAfter-tax profit | $511M | $1.7B |
| Free Cash FlowCash after capex | $591M | $2.6B |
| Gross MarginGross profit ÷ Revenue | +37.2% | +24.5% |
| Operating MarginEBIT ÷ Revenue | +18.5% | +10.0% |
| Net MarginNet income ÷ Revenue | +14.2% | +7.7% |
| FCF MarginFCF ÷ Revenue | +16.4% | +11.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.4% | +11.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +29.1% | +33.3% |
Valuation Metrics
LHX leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 35.3x trailing earnings, LHX trades at a 37% valuation discount to CW's 56.2x P/E. Adjusting for growth (PEG ratio), CW offers better value at 2.58x vs LHX's 3.37x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $26.7B | $56.3B |
| Enterprise ValueMkt cap + debt − cash | $27.6B | $65.6B |
| Trailing P/EPrice ÷ TTM EPS | 56.20x | 35.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 48.02x | 26.00x |
| PEG RatioP/E ÷ EPS growth rate | 2.58x | 3.37x |
| EV / EBITDAEnterprise value multiple | 43.32x | 19.20x |
| Price / SalesMarket cap ÷ Revenue | 7.63x | 2.57x |
| Price / BookPrice ÷ Book value/share | 10.74x | 2.89x |
| Price / FCFMarket cap ÷ FCF | 48.21x | 20.98x |
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 $9 for LHX. CW carries lower financial leverage with a 0.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to LHX's 0.53x. On the Piotroski fundamental quality scale (0–9), LHX scores 9/9 vs CW's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +19.6% | +8.9% |
| ROA (TTM)Return on assets | +9.8% | +4.2% |
| ROICReturn on invested capital | +14.1% | +5.4% |
| ROCEReturn on capital employed | +16.6% | +6.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 9 |
| Debt / EquityFinancial leverage | 0.52x | 0.53x |
| Net DebtTotal debt minus cash | $943M | $9.4B |
| Cash & Equiv.Liquid assets | $371M | $1.1B |
| Total DebtShort + long-term debt | $1.3B | $10.4B |
| Interest CoverageEBIT ÷ Interest expense | 15.90x | 4.41x |
Total Returns (Dividends Reinvested)
CW leads this category, winning 6 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 $14,776 for LHX. Over the past 12 months, CW leads with a +100.0% total return vs LHX's +40.4%. The 3-year compound annual growth rate (CAGR) favors CW at 64.7% vs LHX's 19.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +26.4% | -0.7% |
| 1-Year ReturnPast 12 months | +100.0% | +40.4% |
| 3-Year ReturnCumulative with dividends | +347.1% | +68.4% |
| 5-Year ReturnCumulative with dividends | +449.0% | +47.8% |
| 10-Year ReturnCumulative with dividends | +815.8% | +346.1% |
| CAGR (3Y)Annualised 3-year return | +64.7% | +19.0% |
Risk & Volatility
Evenly matched — CW and LHX each lead in 1 of 2 comparable metrics.
Risk & Volatility
LHX is the less volatile stock with a 0.39 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 LHX's 79.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.23x | 0.39x |
| 52-Week HighHighest price in past year | $750.00 | $379.23 |
| 52-Week LowLowest price in past year | $359.48 | $214.10 |
| % of 52W HighCurrent price vs 52-week peak | +96.4% | +79.4% |
| RSI (14)Momentum oscillator 0–100 | 59.8 | 24.2 |
| Avg Volume (50D)Average daily shares traded | 303K | 1.4M |
Analyst Outlook
Evenly matched — CW and LHX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CW as "Buy" and LHX as "Buy". Consensus price targets imply 17.0% upside for LHX (target: $352) vs -2.0% for CW (target: $709). For income investors, LHX offers the higher dividend yield at 1.59% vs CW's 0.13%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $708.50 | $352.25 |
| # AnalystsCovering analysts | 25 | 32 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +1.6% |
| Dividend StreakConsecutive years of raises | 10 | 6 |
| Dividend / ShareAnnual DPS | $0.92 | $4.79 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.7% | +2.1% |
CW leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). LHX leads in 1 (Valuation Metrics). 2 tied.
CW vs LHX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CW or LHX a better buy right now?
For growth investors, Curtiss-Wright Corporation (CW) is the stronger pick with 12.
1% revenue growth year-over-year, versus 2. 5% for L3Harris Technologies, Inc. (LHX). L3Harris Technologies, Inc. (LHX) offers the better valuation at 35. 3x trailing P/E (26. 0x forward), making it the more compelling value choice. Analysts rate Curtiss-Wright Corporation (CW) a "Buy" — based on 25 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 — CW or LHX?
On trailing P/E, L3Harris Technologies, Inc.
(LHX) is the cheapest at 35. 3x versus Curtiss-Wright Corporation at 56. 2x. On forward P/E, L3Harris Technologies, Inc. is actually cheaper at 26. 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 L3Harris Technologies, Inc. 's 2. 48x.
03Which is the better long-term investment — CW or LHX?
Over the past 5 years, Curtiss-Wright Corporation (CW) delivered a total return of +449.
0%, compared to +47. 8% for L3Harris Technologies, Inc. (LHX). Over 10 years, the gap is even starker: CW returned +815. 8% versus LHX's +346. 1%. 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 — CW or LHX?
By beta (market sensitivity over 5 years), L3Harris Technologies, Inc.
(LHX) is the lower-risk stock at 0. 39β versus Curtiss-Wright Corporation's 1. 23β — meaning CW is approximately 217% more volatile than LHX relative to the S&P 500. On balance sheet safety, Curtiss-Wright Corporation (CW) carries a lower debt/equity ratio of 52% versus 53% for L3Harris Technologies, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CW or LHX?
By revenue growth (latest reported year), Curtiss-Wright Corporation (CW) is pulling ahead at 12.
1% versus 2. 5% for L3Harris Technologies, Inc. (LHX). On earnings-per-share growth, the picture is similar: Curtiss-Wright Corporation grew EPS 22. 0% year-over-year, compared to 8. 4% for L3Harris Technologies, Inc.. Over a 3-year CAGR, CW leads at 11. 0% 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 — CW or LHX?
Curtiss-Wright Corporation (CW) is the more profitable company, earning 13.
8% net margin versus 7. 3% for L3Harris Technologies, Inc. — meaning it keeps 13. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CW leads at 18. 2% versus 10. 0% for LHX. At the gross margin level — before operating expenses — CW leads at 37. 2%, 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 CW or LHX 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 L3Harris Technologies, Inc. 's 2. 48x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, L3Harris Technologies, Inc. (LHX) trades at 26. 0x forward P/E versus 48. 0x for Curtiss-Wright Corporation — 22. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LHX: 17. 0% to $352. 25.
08Which pays a better dividend — CW or LHX?
All stocks in this comparison pay dividends.
L3Harris Technologies, Inc. (LHX) offers the highest yield at 1. 6%, versus 0. 1% for Curtiss-Wright Corporation (CW).
09Is CW or LHX better for a retirement portfolio?
For long-horizon retirement investors, L3Harris Technologies, Inc.
(LHX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 39), 1. 6% yield, +346. 1% 10Y return). Both have compounded well over 10 years (LHX: +346. 1%, 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 CW and LHX?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
LHX pays a dividend while CW does not, making them suitable for different income and tax situations. 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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