Home Compare HO.PA vs RTX
Stock Comparison · Industry comparison · Aerospace & Defense

Thales vs RTX: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Thales carrying a narrow edge on profitability. RTX still has the edge on valuation, which keeps the comparison from looking entirely one-sided. 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 (HO.PA: STOXX 600, RTX: Russell 1000).

Updated 2026-05-17

Most of the separation is still concentrated in profitability.

INDUSTRY COMPARISON

Both operate in: Aerospace & Defense

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

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

Peer-Relative Score
HO.PA
Thales S.A.
67
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
RTX
RTX Corporation
62
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

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

The clearest separation appears in profitability.

Dimension spread: HO.PA vs RTX Profitability 83 59 Stability 70 62 Valuation 51 61 Growth 66 68 HO.PA RTX
Gap Ranking
#1 Profitability +24
#2 Valuation +10
#3 Stability +8
#4 Growth +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HO.PA and RTX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HO.PARTX Relative valuation Structural strength

Thales S.A. still looks stronger overall, though current pricing looks more supportive for RTX Corporation.

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

Entry today — historical context

Where HO.PA and RTX each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY HO.PA Elevated · near norm 0th 50th 100th 14 pct gap RTX Elevated · below norm 0th 50th 100th 76th 90th
HO.PA (76th percentile) and RTX (90th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

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

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but Thales S.A. leads clearly.
Valuation
Thales S.A. holds the stronger peer position on valuation.
Profitability — Dominant Gap
HO.PA
83
RTX
59
Gap+24in favour of HO.PA

Capital efficiency adds support, with a 10.7-point ROIC advantage.

What keeps the gap from being one-sided

Valuation still leans toward RTX Corporation, so the lead is real without reading as one-way.

What this means for the comparison

Profitability is the clearest driver of the lead, with valuation adding further support — though valuation still provides a real counterweight.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar profitability-and-valuation comparisons

Explore how HO.PA and RTX 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.