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AADX · NYSE

Applied Aerospace & Defense, Inc.

Aerospace & Defense · United States

USD 12.43-1.7% daily changeQuote 2026-09-28 · USD
Market cap (USD)
US$2.14B
Trailing P/E
—
Forward P/E
31.07x
Quarterly revenue growth
47.4%
Trailing net margin
-30.2%
Indicated dividend yield
—

Snapshot 2026-09-28 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-11 (provider estimate, not issuer-confirmed).

Company background

Applied Aerospace & Defense, Inc. designs, engineers, and manufactures integrated aerospace and defense subsystems for space and defense applications. The company provides Space and launch Systems, which include propellant tanks and engine nozzles; nose cones, fairings, and payload adapters; solar arrays and deployable systems; satellite bus and payload assemblies; Spinnaker® de-orbit systems; antennas and precision platforms; and landing legs, tubes, and booms; Defense Aviation and Airborne Systems, which support airborne mission platforms for air dominance, ground attack, electronic warfare, air-to-air refueling, transport, and autonomous collaborative combat, and include wings and control surfaces, landing gear and arresters, engine shafts, gears, and transmissions; fuel tanks and refueling booms; and fuselage structures; C5ISR and Precision Strike Systems, which support land and maritime based integrated defense systems for intelligence, surveillance, reconnaissance, forward presence, and stand-off missions, and include radar and communications antennas; missile bodies and launchers; directed energy systems; and electronic enclosures; detection and tracking platforms; and maritime sensors and propulsion. It also provides design, prototyping and manufacturing of hardware and assemblies using composite, metallic, and polymer manufacturing. The company uses IP-enabled processes and production supported by specialized equipment and experience. It offers in-house testing and inspection along with materials and testing services to support performance and verification requirements. The company also provides Spinnaker® Deorbit Systems with configurations for satellites and launch vehicle components to support de-orbit applications. The company was formerly known as GB Eagle Topco, Inc. and changed its name to Applied Aerospace & Defense, Inc. in November 2025. Applied Aerospace & Defense, Inc. was incorporated in 2022 and is headquartered in Huntsville, Alabama. Applied Aerospace & Defense, Inc. is a subsidiary of AA&D Holdings, LP.

Company website

Q2 2026

Go beyond the headline.

Applied Aerospace & Defense (AADX) Q2 2026 Earnings: Record EBITDA, Minus $103.7M Cash

Published 2026-08-12

Comparable businesses

AADX peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricAADXApplied Aerospace & Defense, Inc.Snapshot 2026-09-28Financial period: 2026-06-30
Market capMarket value, converted to USDUS$2.14B
Forward P/EProvider forward earnings estimate31.07x
EV / EBITDAEnterprise value / trailing EBITDA—
Revenue growthLatest quarter vs prior-year quarter47.4%
Operating marginLatest reported quarter-57.5%
Free cash flow yieldTrailing cash flow / market cap—
Net debt / EBITDANet debt / trailing EBITDA—
Debt / equityTotal debt / positive book equity0.52x
Trailing P/ETrailing twelve-month earnings—
Price / bookPrice / positive book equity per share2.59x
EV / salesEnterprise value / trailing revenue4.50x
Earnings growthLatest quarter vs prior-year quarter—
Gross marginTrailing twelve months25.6%
Net marginTrailing twelve months-30.2%
Return on equityProvider trailing return; positive equity only—
Free cash flow marginTrailing free cash flow / revenue—
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities2.51x
BetaProvider historical market sensitivity—

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-28. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for AADX

All available reporting periods
Q2 20262026-08-12

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.