Leonardo continues to benefit from rising European defense spending, supported by recent progress in the Global Combat Air Programme, or GCAP, a major UK helicopter award, and strong order momentum across its defense businesses.
With a record-high EUR 57 billion backlog and unprecedented order momentum, Leonardo is exceptionally well positioned for a period of maintained, structurally higher revenue growth.
The leadership transition following Roberto Cingolani’s departure in May 2026 represents a notable risk to industrial continuity, as the exit of the visionary team that built and contracted the current strategy could disrupt execution.
|
Metric
|
LDO
|
HO
|
RTX
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.48 | 22.28 | 27.85 |
Price/Book Value | 3.16 | 6.05 | 3.73 |
Price/Sales | 1.56 | 2.18 | 2.76 |
Price/Cash Flow | 16.08 | 18.59 | 19.73 |
|
Metric
|
LDO
|
HO
|
RTX
|
|---|---|---|---|
Quick Ratio | — | 0.61 | 0.65 |
Current Ratio | — | 0.84 | 1.02 |
Interest Coverage | 335.00 | 7.67 | 6.30 |
|
Metric
|
LDO
|
HO
|
RTX
|
|---|---|---|---|
Return on Assets (Normalized) | — | 5.10% | 5.32% |
Return on Equity (Normalized) | 18.87% | 26.59% | 14.01% |
Return on Invested Capital (Normalized) | 29.87% | 14.59% | 9.66% |
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1-Day Chart
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