RDW vs NOC vs FLY Stock Comparison

Redwire, Northrop Grumman and Firefly Aerospace Prices as of Oct 27, 2026 Peers: Industry group
RDW Redwire Corp
$8.90 -23.3% 1M +8.0% 1Y
Market cap
$1.94B
P/E
–
Revenue (TTM)
$426.27M
Div. yield
–
Space Industrials
1 win

Head to Head

9 decided of 12

Northrop Grumman leads on 7 of the 12 questions below (Northrop Grumman 7, Firefly Aerospace 1, Redwire 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRDWNOCFLYLeader
Larger companyMarket capitalisation $1.94B $78.54B $3.20B NOC
Cheaper on earningsLower P/E, profitable companies only -7.5x 17.4x -8.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 17.9x — –
Faster revenue growthRevenue growth, trailing twelve months +63.1% +6.5% +179.2% FLY
More profitableNet margin, trailing twelve months -60.7% 10.4% -129.1% NOC
Better return on capitalReturn on invested capital -15.1% 12.2% -25.8% NOC
Less leveragedLower net debt / EBITDA 3.1x 1.7x 2.1x NOC
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +8.0% -7.5% -27.6% RDW
Better 5-year returnAnnualised price return, 5 years -6.5%/yr +9.0%/yr — NOC
Less volatileAnnualised volatility, 1 year 112.2% 28.7% 107.1% NOC
Higher overall scoreMean of the five percentile scores vs peers 39/100 58/100 35/100 NOC

Percentile Scorecard

RDWNOCFLY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisRDWNOCFLY
Valuation 33 #67 of 100 78 #23 of 100 15 #85 of 100
Growth 42 #57 of 97 38 #61 of 97 59 #40 of 97
Profitability 25 #72 of 96 78 #22 of 96 22 #75 of 96
Financial Health 83 #19 of 105 40 #63 of 105 69 #33 of 105
Shareholder Returns 13 #57 of 65 58 #28 of 65 11 #58 of 65
Overall 39 58 35
  • RDW ranked among 107 companies in Aerospace and Defense
  • NOC ranked among 107 companies in Aerospace and Defense
  • FLY ranked among 107 companies in Aerospace and Defense

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodRDWNOCFLYSPY
1 month -23.3%+8.0%-18.3% -0.2%
3 months +4.0%+0.4%+3.0% +3.9%
6 months -1.5%-4.6%-41.8% +8.2%
Year to date +17.1%-3.3%-11.0% +12.9%
1 year +8.0%-7.5%-27.6% +12.3%
3 years +239.7%+16.5%— +87.4%
3 years, per year +50.4%+5.2%— +23.3%
5 years -28.5%+53.7%— +67.9%
5 years, per year -6.5%+9.0%— +10.9%
10 years —+144.6%— +261.1%
10 years, per year —+9.4%— +13.7%

Risk

MeasureRDWNOCFLYSPY
Volatility, 1Y 112.2%28.7%107.1% 12.7%
Downside volatility, 1Y 102.3%28.4%99.1% 12.7%
Beta vs S&P 500, 1Y 4.05-0.013.45 1.00
Return / volatility, 1Y 0.07-0.26-0.26 0.97
Max drawdown, 5Y -87.1%-38.4%-73.0% -25.4%
From 52-week high -65.6%-28.2%-66.2% -1.2%
52-week high $25.90$768.02$58.81 $779.14
52-week low $5.06$473.40$16.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleRDWNOCFLY
P/E now vs peer median -7.6xmedian 26.5x 17.3xmedian 26.5x -8.7xmedian 26.5x
P/S now vs peer median 5.2xmedian 3.0x 1.8xmedian 3.0x 11.5xmedian 3.0x
EV/EBITDA now vs peer median -10.3xmedian 14.6x 14.5xmedian 14.6x -9.2xmedian 14.6x
P/FCF now vs peer median -22.6xmedian 26.4x 20.5xmedian 26.4x -10.1xmedian 26.4x
P/B now vs peer median 1.4xmedian 2.5x 4.2xmedian 2.5x 2.7xmedian 2.5x
PEG now vs peer median 0.95median 0.90 17.01median 0.90 —median 0.90

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsRDWNOCFLY
Revenue $426.27M $43.59B $287.01M
Gross profit $85.66M $8.73B $65.79M
Operating income -$215.26M $4.63B -$338.66M
Net income -$244.10M $4.52B -$363.46M
Free cash flow -$98.20M $3.83B -$326.49M
R&D $42.36M – $245.37M
EPS (diluted) $-1.17 $31.74 $-2.29
Cash & equivalents $557.72M $3.74B $459.82M
Total debt $48.06M $58.43B $27.00M
Shares (diluted) 220.47M 142.40M 161.78M
Enterprise value $1.09B $66.00B $120.55M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricRDWNOCFLY
P/E -7.6x 17.3x -8.7x
P/FCF -22.6x 20.5x -10.1x
P/Operating cash flow -29.1x 14.9x -12.5x
P/S 5.2x 1.8x 11.5x
P/B 1.4x 4.2x 2.7x
P/Tangible book 1.7x 4.2x 3.1x
EV/EBITDA -10.3x 14.5x -9.2x
EV/EBIT -7.9x 19.2x -8.0x
EV/Revenue 4.0x 2.0x 9.4x
EV/FCF -17.4x 23.2x -8.3x
EV/Operating cash flow -22.4x 16.9x -10.2x
PEG (3Y EPS CAGR) 0.95 17.01 –

Growth

14 metrics
MetricRDWNOCFLY
Revenue growth (1Y) 63.1% 6.5% 179.2%
Revenue CAGR (3Y) 26.9% 4.1% –
Gross profit growth (1Y) 1,193% 9.8% 1,165%
Gross profit CAGR (3Y) 22.4% 3.4% –
Operating income growth (1Y) -56.3% 6.8% -51.0%
Operating income CAGR (3Y) -72.2% 6.4% –
Net income growth (1Y) -29.8% 12.5% -46.1%
Net income CAGR (3Y) -70.8% -1.1% –
EPS growth (1Y) 57.9% 13.3% 89.5%
EPS CAGR (3Y) -8.0% 1.0% –
Operating cash flow growth (1Y) 46.9% 53.2% -63.7%
Operating cash flow CAGR (3Y) -40.8% 12.5% –
Free cash flow growth (1Y) 35.4% 108.8% -77.2%
Free cash flow CAGR (3Y) -46.5% 22.3% –

Profitability

14 metrics
MetricRDWNOCFLY
Gross margin 20.1% 20.0% 22.9%
EBITDA margin -38.9% 14.1% -102.3%
Operating margin -50.5% 10.6% -118.0%
Pretax margin -54.9% 12.0% -139.6%
Net margin -60.7% 10.4% -129.1%
FCF margin -23.0% 8.8% -113.8%
Operating cash flow margin -17.9% 12.1% -92.1%
Return on equity -18.0% 24.7% -31.2%
Return on assets -14.1% 8.8% -23.2%
Return on invested capital -15.1% 12.2% -25.8%
Return on capital employed -14.0% 12.2% -26.6%
Asset turnover 0.2x 0.8x 0.2x
Cash conversion (OCF / net income) 0.3x 1.2x 0.7x
Stock comp / revenue 17.4% 0.3% 16.1%

Financial Health

11 metrics
MetricRDWNOCFLY
Debt / assets 2.5% 27.5% 1.6%
Debt / equity 0.0x 0.8x 0.0x
Net debt / EBITDA 3.1x 1.7x 2.1x
Debt / FCF -0.5x 3.8x -0.1x
Liabilities / assets 16.1% 64.4% 25.4%
Equity / assets 83.9% 35.6% 74.6%
Interest coverage – 7.1x -18.2x
Current ratio 3.9x 1.2x 2.7x
Quick ratio 3.4x 1.0x 2.4x
Cash ratio 2.9x 0.3x 2.2x
Altman Z-score 3.92 3.08 3.60

Shareholder Returns

7 metrics
MetricRDWNOCFLY
Dividend yield – 1.7% –
Net buyback yield -34.2% 0.7% -36.0%
Shareholder yield -34.2% 2.4% -36.0%
Payout ratio (earnings) – 30.2% –
Payout ratio (FCF) – 35.6% –
Dividend growth (1Y) – 8.0% –
Dividend CAGR (3Y) – 7.4% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusRDWNOCFLY
Forward P/E – 17.9xFY2026 –
EPS, next fiscal year $-0.77FY2026 $30.81FY2026 $-1.90FY2026
EPS growth, next FY – +17.0%FY2026 –
EPS growth, the year after – +3.7% –
Revenue, next fiscal year $463.08MFY2026 $42.95BFY2026 $464.32MFY2026
Revenue growth, next FY +38.1%FY2026 +2.4%FY2026 +190.5%FY2026
Revenue growth, the year after +25.7% +3.7% +41.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRDWNOCFLY
Held by institutions 64.7% 83.4% 57.0%
Institutions holding 324 1,809 267
Change in shares held, QoQ +15.8% +0.3% +46.3%
Institutions buying 253 840 211
Institutions selling 57 639 34
Buyers to sellers 4.44 1.31 6.21

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

RDWNOCFLY
RDW 1.00 0.20 0.71
NOC 0.20 1.00 0.20
FLY 0.71 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RDW, NOC and FLY?

Northrop Grumman (NOC) is the largest by market capitalisation: Redwire (RDW) $1.94B, Northrop Grumman (NOC) $78.54B, Firefly Aerospace (FLY) $3.20B.

Which company is growing faster?

Firefly Aerospace (FLY) grew revenue fastest over the trailing twelve months: Redwire (RDW) +63.1%, Northrop Grumman (NOC) +6.5%, Firefly Aerospace (FLY) +179.2%.

Which company is more profitable?

Northrop Grumman (NOC) has the highest net margin (Redwire (RDW) -60.7%, Northrop Grumman (NOC) 10.4%, Firefly Aerospace (FLY) -129.1%). On return on invested capital, Northrop Grumman (NOC) leads (Redwire (RDW) -15.1%, Northrop Grumman (NOC) 12.2%, Firefly Aerospace (FLY) -25.8%).

Which stock has performed better?

Over the past year Redwire (RDW) returned the most: Redwire (RDW) +8.0%, Northrop Grumman (NOC) -7.5%, Firefly Aerospace (FLY) -27.6%. Over five years, Northrop Grumman (NOC) compounded fastest (Redwire (RDW) -6.5%/yr, Northrop Grumman (NOC) +9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Redwire (RDW) 0.00%, Northrop Grumman (NOC) 0.02%, Firefly Aerospace (FLY) 0.00%. Redwire (RDW) and Firefly Aerospace (FLY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Northrop Grumman (NOC) has been the steadiest (Redwire (RDW) 112.2%, Northrop Grumman (NOC) 28.7%, Firefly Aerospace (FLY) 107.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RDW, NOC and FLY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Northrop Grumman (NOC) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.