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Northrop Grumman vs Rheinmetall: Which Stock Looks Stronger in 2026?

Northrop Grumman holds the cleaner structural position, with the lead spread across valuation and growth. Rheinmetall does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (NOC: S&P 500, RHM.DE: HDAX).

Updated 2026-07-05

The clearest separation starts in valuation, but growth adds another real layer to the result. Northrop Grumman Corporation leads by 27 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Aerospace & Defense

This comparison is based on industry proximity, not on functional trajectory similarity. NOC and RHM.DE share the same industry classification.

For a similarity-based comparison, see how Northrop Grumman and Rheinmetall each position within their functional peer groups in AssetNext.

Peer-Relative Score
NOC
Northrop Grumman Corporation
72
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
RHM.DE
Rheinmetall AG
45
Peer-Score
Signal qualitylow
Peer basis: HDAX

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing and operating quality both support the lead here.

Dimension spread: NOC vs RHM.DE Profitability 57 58 Stability 72 54 Valuation 88 31 Growth 71 35 NOC RHM.DE
Gap Ranking
#1 Valuation +57
#2 Growth +36
#3 Stability +18
#4 Profitability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NOC and RHM.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NOCRHM.DE Relative valuation Structural strength

Northrop Grumman Corporation looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NOC and RHM.DE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NOC Elevated · near norm 0th 50th 100th 9 pct gap RHM.DE Elevated · near norm 0th 50th 100th 83rd 74th
NOC (83rd percentile) and RHM.DE (74th percentile) sit at comparable positions within their own 5-year histories. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Northrop Grumman Corporation ranks near the top of the group on valuation; Rheinmetall AG sits in the weaker half.
Growth
The same broad pattern appears on growth: Northrop Grumman Corporation ranks near the top of the group, while Rheinmetall AG stays in the weaker half.
Valuation — Dominant Gap
NOC
88
RHM.DE
31
Gap+57in favour of NOC

The multiple-based pricing edge comes from a trailing P/E that is 32 turns lower.

What else supports the lead

Earnings growth is one contributing factor within the growth lead.

What this means for the comparison

The lead is built on both valuation and growth, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the NOC vs RHM.DE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-growth comparisons

Explore how NOC and RHM.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.