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Stock Comparison · Industry comparison · Aerospace & Defense

Thales vs QinetiQ Group: Which Stock Looks Stronger in 2026?

QinetiQ leads structurally, with growth as the clearest single gap between the two profiles. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-08-16

Growth still does most of the heavy lifting in this comparison. The overall score gap is 14 points in favour of QinetiQ Group plc.

INDUSTRY COMPARISON

Both operate in: Aerospace & Defense

This comparison is based on industry proximity, not on functional trajectory similarity. HO.PA and QQ.L share the same industry classification.

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

Peer-Relative Score
HO.PA
Thales S.A.
53
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
QQ.L
QinetiQ Group plc
67
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

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

The largest gaps do not all point in the same direction.

Dimension spread: HO.PA vs QQ.L Profitability 87 83 Stability 71 71 Valuation 35 43 Growth 13 74 HO.PA QQ.L
Gap Ranking
#1 Growth +61
#2 Valuation +8
#3 Profitability +4
#4 Stability —
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HO.PA and QQ.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HO.PAQQ.L Relative valuation Structural strength

QinetiQ Group plc looks stronger on relative valuation, while the broader price setup remains mixed.

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

Relative Position vs Comparable Companies
Growth
QinetiQ Group plc ranks near the top of the group on growth; Thales S.A. sits in the weaker half.
Valuation
QinetiQ Group plc holds the stronger peer position on valuation.
Growth — Dominant Gap
HO.PA
13
QQ.L
74
Gap+61in favour of QQ.L

The clearest distance comes from a stronger growth profile.

What keeps the gap from being one-sided

Stability is the one area where Thales S.A. still pushes back materially — it is the steadier name on this dimension, which keeps the result from reading as one-way.

What this means for the comparison

The main edge on growth is clear, but the broader result still comes with a real counterweight.

Explore full peer positioning in AssetNext

Break down the HO.PA vs QQ.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-driven comparisons

Explore how HO.PA and QQ.L 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.