Let’s dig into the relative performance of Redwire (NYSE: RDW) and its peers as we unravel the now-completed Q4 aerospace earnings season.

Aerospace companies often possess technical expertise and have made significant capital investments to produce complex products. It is an industry where innovation is important, and lately, emissions and automation are in focus, so companies that boast advances in these areas can take market share. On the other hand, demand for aerospace products can ebb and flow with economic cycles and geopolitical tensions, which can be particularly painful for companies with high fixed costs.

The 15 aerospace stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.8% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 3.2% on average since the latest earnings results.

Redwire (NYSE: RDW)

Based in Jacksonville, Florida, Redwire (NYSE: RDW) is a provider of systems and components used in space infrastructure.

Redwire reported revenues of $108.8 million, up 56.4% year on year. This print exceeded analysts’ expectations by 10.1%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ revenue estimates but a significant miss of analysts’ EBITDA estimates.

Redwire scored the highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 8.1% since reporting and currently trades at $9.32.

Read our full report on Redwire here, it’s free.

Best Q4: Boeing (NYSE: BA)

One of the companies that forms a duopoly in the commercial aircraft market, Boeing (NYSE: BA) develops, manufactures, and services commercial airplanes, defense products, and space systems.

Boeing reported revenues of $23.95 billion, up 57.1% year on year, outperforming analysts’ expectations by 6.9%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Boeing pulled off the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 12.1% since reporting. It currently trades at $218.31.

Is now the time to buy Boeing? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: AerSale (NASDAQ: ASLE)

Providing a one-stop shop that integrates multiple services and product offerings, AerSale (NASDAQ: ASLE) delivers full-service support to mid-life commercial aircraft.

AerSale reported revenues of $90.94 million, down 4% year on year, falling short of analysts’ expectations by 8.8%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

AerSale delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 12.1% since the results and currently trades at $6.44.

Read our full analysis of AerSale’s results here.

HEICO (NYSE: HEI)

Founded in 1957, HEICO (NYSE: HEI) manufactures and services aerospace and electronic components for commercial aviation, defense, space, and other industries.

HEICO reported revenues of $1.18 billion, up 14.4% year on year. This print topped analysts’ expectations by 1.1%. Aside from that, it was a mixed quarter as it also recorded a narrow beat of analysts’ revenue estimates but a slight miss of analysts’ adjusted operating income estimates.

The stock is down 11% since reporting and currently trades at $306.77.

Read our full, actionable report on HEICO here, it’s free.

TransDigm (NYSE: TDG)

Supplying parts for nearly all aircraft currently in service, TransDigm (NYSE: TDG) develops and manufactures components and systems for military and commercial aviation.

TransDigm reported revenues of $2.29 billion, up 13.9% year on year. This result beat analysts’ expectations by 1.2%. Taking a step back, it was a satisfactory quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates but a slight miss of analysts’ organic revenue estimates.

The stock is down 11.7% since reporting and currently trades at $1,268.

Read our full, actionable report on TransDigm here, it’s free.

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