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U.S. Aerospace & Defense Industry Analysis

UpdatedSep 03, 2025
DataAggregated Company Financials
Companies82
  • 7D-0.8%
  • 3M9.2%
  • 1Y33.7%
  • YTD33.2%

Over the last 7 days, the Aerospace & Defense industry has remained flat, although notably TransDigm Group declined by 8.4%. The past year has been better, since the industry has gained 34% in that time. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.S. Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Sep 2025US$1.2tUS$395.4bUS$31.1b34.4x39.1x3.1x
Sat, 02 Aug 2025US$1.2tUS$393.1bUS$31.4b36.1x38x3x
Mon, 30 Jun 2025US$1.1tUS$387.1bUS$29.9b36.5x38.3x3x
Wed, 28 May 2025US$1.0tUS$386.7bUS$29.9b34.1x34.8x2.7x
Fri, 25 Apr 2025US$913.8bUS$381.0bUS$28.7b31x31.8x2.4x
Sun, 23 Mar 2025US$937.1bUS$377.0bUS$29.1b32.2x32.2x2.5x
Tue, 18 Feb 2025US$920.6bUS$376.1bUS$30.0b33.9x30.7x2.4x
Thu, 16 Jan 2025US$903.0bUS$403.9bUS$27.9b33.8x32.3x2.2x
Sat, 14 Dec 2024US$893.1bUS$403.7bUS$27.9b34.4x32x2.2x
Mon, 11 Nov 2024US$966.7bUS$403.3bUS$27.9b36x34.6x2.4x
Wed, 09 Oct 2024US$949.4bUS$393.7bUS$23.6b34.5x40.2x2.4x
Fri, 06 Sep 2024US$885.9bUS$388.8bUS$23.3b33.3x38.1x2.3x
Sun, 04 Aug 2024US$844.9bUS$387.9bUS$23.1b32.9x36.6x2.2x
Tue, 02 Jul 2024US$790.1bUS$381.1bUS$24.0b32.1x32.9x2.1x
Thu, 30 May 2024US$812.9bUS$381.1bUS$23.9b31x34.1x2.1x
Sat, 27 Apr 2024US$790.0bUS$379.7bUS$23.5b31.2x33.7x2.1x
Mon, 25 Mar 2024US$597.9bUS$303.9bUS$18.8b31.7x31.7x2x
Wed, 21 Feb 2024US$569.3bUS$303.1bUS$18.5b29.4x30.7x1.9x
Fri, 19 Jan 2024US$577.9bUS$302.1bUS$20.9b28.9x27.6x1.9x
Sun, 17 Dec 2023US$566.6bUS$301.7bUS$20.9b27.7x27.1x1.9x
Tue, 14 Nov 2023US$553.9bUS$301.4bUS$20.7b30.1x26.8x1.8x
Thu, 12 Oct 2023US$538.1bUS$301.2bUS$22.4b26.4x24x1.8x
Sat, 09 Sep 2023US$543.1bUS$305.9bUS$22.9b24.5x23.8x1.8x
Mon, 07 Aug 2023US$554.9bUS$305.2bUS$22.8b26.6x24.3x1.8x
Wed, 05 Jul 2023US$579.8bUS$297.4bUS$21.7b25.3x26.7x1.9x
Fri, 02 Jun 2023US$547.9bUS$300.3bUS$21.9b23.5x25.1x1.8x
Sun, 30 Apr 2023US$572.8bUS$297.4bUS$22.0b22.1x26x1.9x
Tue, 28 Mar 2023US$569.7bUS$294.7bUS$21.6b23.6x26.3x1.9x
Thu, 23 Feb 2023US$591.1bUS$292.7bUS$22.1b24.8x26.7x2x
Sat, 21 Jan 2023US$561.8bUS$287.0bUS$22.2b25.4x25.3x2x
Mon, 19 Dec 2022US$592.2bUS$286.9bUS$22.4b26.1x26.4x2.1x
Wed, 16 Nov 2022US$582.5bUS$284.1bUS$22.0b29.6x26.5x2.1x
Fri, 14 Oct 2022US$535.0bUS$280.7bUS$21.7b26.3x24.7x1.9x
Sun, 11 Sep 2022US$553.5bUS$280.6bUS$21.7b27.9x25.6x2x
Price to Earnings Ratio

25.6x


Total Market Cap: US$553.5bTotal Earnings: US$21.7bTotal Revenue: US$280.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 30.4x202320242025
Current Industry PE
  • Investors are optimistic on the American Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.1x which is higher than its 3-year average PE of 30.3x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-0.67%
Industrials-1.82%
Aerospace & Defense-0.80%
Aerospace and Defense-0.80%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GE General ElectricUS$275.930.9%
+US$2.7b		65.9%PE38.6x
HEI HEICOUS$318.840.7%
+US$317.4m		26.2%PE69.2x
LOAR Loar HoldingsUS$73.700.4%
+US$26.2m		3.9%PE155.5x
HXL HexcelUS$63.880.4%
+US$21.5m		3.9%PE57.8x
ATRO AstronicsUS$36.800.7%
+US$9.6m		76.7%PS1.6x

Latest News

HXL
US$63.88
Hexcel
7D
0.4%
1Y
3.9%

Hexcel (NYSE:HXL) Has Some Way To Go To Become A Multi-Bagger

Sep 03
Hexcel (NYSE:HXL) Has Some Way To Go To Become A Multi-Bagger
AXON
US$725.29
Axon Enterprise
7D
-5.8%
1Y
104.1%

Next-generation AI And Drones Will Transform Public Safety

Despite continued bullish sentiment around Axon's management strength, robust earnings outlook, and sector tailwinds in security and defense, analysts view much of this optimism as already priced in, resulting in a slight consensus price target reduction from $868.94 to $860.01. Analyst Commentary Bullish analysts highlight Axon's strong management team and robust earnings outlook, with ongoing high demand for its products and solutions.
RKLB
US$43.53
Rocket Lab
7D
-5.9%
1Y
586.6%

Integrated Space Capabilities Will Capture National Security Contracts

Rocket Lab’s price target was raised to $46.40 as analysts express increased confidence in Neutron rocket milestones, robust sector momentum, and operational advantages, moderated by ongoing unprofitability and limited visibility into profitability. Analyst Commentary Bullish analysts cite increased confidence in Rocket Lab’s Neutron rocket progress, with launch pad infrastructure fully in place and readiness for initial launches.
RTX
US$158.11
RTX
7D
-1.1%
1Y
30.6%
HEI
US$318.84
HEICO
7D
0.7%
1Y
26.2%

Future Acquisitions Will Expand Presence In Defense, Space, And Commercial Aviation

Despite a slight downgrade in revenue growth expectations, HEICO’s valuation was supported by a modest improvement in net profit margin, resulting in a marginally higher consensus price target of $329.76. What's in the News HEICO Corporation (NYSE:HEI) and HEICO Corporation (NYSE:HEI.A) were dropped from the Russell 1000 Dynamic Index.
TDG
US$1,278.48
TransDigm Group
7D
-8.4%
1Y
-5.3%
LMT
US$449.06
Lockheed Martin
7D
-1.2%
1Y
-21.9%
NOC
US$581.01
Northrop Grumman
7D
-1.0%
1Y
10.9%
BA
US$232.38
Boeing
7D
-1.4%
1Y
42.4%
LOAR
US$73.70
Loar Holdings
7D
0.4%
1Y
3.9%
GD
US$322.81
General Dynamics
7D
-0.8%
1Y
9.7%
BYRN
US$20.31
Byrna Technologies
7D
0.1%
1Y
36.8%

Byrna Technologies: Aiming To Capture A Vast Market, But Success Isn't A Given

Aug 19
SIF
US$6.85
SIFCO Industries
7D
1.8%
1Y
25.0%
OPXS
US$11.74
Optex Systems Holdings
7D
9.7%
1Y
52.7%
ATRO
US$36.80
Astronics
7D
0.7%
1Y
76.7%
GE
US$275.93
General Electric
7D
0.9%
1Y
65.9%