THEME RANKINGS

Defense & Sovereign Tech Ranking - Theme-level quality and growth rankings refreshed by Datafin.
Official Theme RankingPublished

Defense & Sovereign Tech Ranking

Ranks companies inside the Defense & Sovereign Tech theme by quality, growth and cash-generation signals.

Open live tool
Theme universe
88
Visible candidates
15
Model type
Quality ranking
Generated: Jul 15, 2026, 04:31 AM
Data as of: 2026-07-14
Theme Rankings· 6 analyses

Theme-level quality and growth rankings refreshed by Datafin.

Theme Leader Matrix

Theme leaders are tracked by growth, profitability and cash generation.

Quality strength
Sales growth
Top 3:1KXS.TO2GE3HWM
Theme Leader Matrix
StockSales growthQuality strength
KXS.TO16.5%47.7%
GE21.9%40.3%
HWM14.2%29%
ASELS.IS20.6%16.6%
SAAB-B.ST26.3%15.1%
WWD19%19.2%
GRMN15.7%22.8%
HEI-A18.8%15.7%
BWXT21.4%21.3%
HEI18.8%15.7%
MOG-A13.7%14.1%
MTX.XETRA-1%32.4%

Datafin’s View

Geopolitics has turned defense into a structural growth theme; the ranking favors firms with durable backlogs and real cash generation, not just headlines.

Sovereign demand is sticky and multi-year, so this ranking leans toward the suppliers most able to convert it into durable earnings.

This analysis is for informational purposes only and is not investment advice; it is a repeatable research starting point using the same rules.

Cross-Theme Valuation

The median P/E of every theme we cover; a lower bar marks a more cheaply priced theme. This analysis’ theme is highlighted.

  • AI Software Layer
    18
  • Strategic Minerals
    19.5
  • Battery and Energy Storage
    20.2
  • AI Platforms and Models
    20.4
  • Pharmaceutical Manufacturers
    20.8
  • Financial Rails and Payments
    20.9
  • Food Security
    22.4
  • Water Scarcity and Infrastructure
    23.3
  • Agricultural Technology
    23.8
  • Next-Generation Healthcare
    27.2
  • Circular Economy and Waste
    28.3
  • Digital Commerce and Marketplaces
    28.7
  • Digital Infrastructure
    29.6
  • Clean Energy Equipment
    30.4
  • Robotics and Automation
    32.2
  • Cybersecurity
    33.3
  • Defense and Sovereign Technology
    36.9
  • Nuclear Fuel and Uranium
    37
  • Copper and Power Transmission
    37.1
  • AI Data Center Infrastructure
    37.6
  • Space and Satellite Economy
    44.1
  • Semiconductor Value Chain
    65
  • AI Chips and Accelerators
    73.1

The dark bar is this page’s theme. The lighter bars are the other themes we cover.

Results

Latest published or live-generated results from the official Datafin analysis.

1🇨🇦
KXS.TO
Kinaxis Inc
91
Sales Growth
16.54%
EPS Growth
768.05%
Return on Equity(ROE)
20.81%
Return on Invested Capital(ROIC)
74.63%
Free Cash Flow
$139.1M
PEG Ratio
0.05
2🇺🇸
GE.US
GE Aerospace
90
Sales Growth
21.85%
EPS Growth
27.23%
Return on Equity(ROE)
46.43%
Return on Invested Capital(ROIC)
34.08%
Free Cash Flow
$7.5B
PEG Ratio
1.57
3🇺🇸
HWM.US
Howmet Aerospace Inc
87
Sales Growth
14.24%
EPS Growth
40.37%
Return on Equity(ROE)
33.82%
Return on Invested Capital(ROIC)
24.13%
Free Cash Flow
$1.4B
PEG Ratio
1.59
4🇹🇷
ASELS.IS
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
86
Sales Growth
20.56%
EPS Growth
76.19%
Return on Equity(ROE)
15.08%
Return on Invested Capital(ROIC)
18.11%
Free Cash Flow
$86.5M
PEG Ratio
0.64
5🇸🇪
SAAB-B.ST
Saab AB (publ)
85
Sales Growth
26.26%
EPS Growth
38.46%
Return on Equity(ROE)
15.65%
Return on Invested Capital(ROIC)
14.57%
Free Cash Flow
$576.5M
PEG Ratio
1.14
6🇺🇸
WWD.US
Woodward Inc
85
Sales Growth
19.03%
EPS Growth
34.45%
Return on Equity(ROE)
21.13%
Return on Invested Capital(ROIC)
17.34%
Free Cash Flow
$388.6M
PEG Ratio
1.38
7🇺🇸
GRMN.US
Garmin Ltd
83
Sales Growth
15.71%
EPS Growth
18.34%
Return on Equity(ROE)
19.9%
Return on Invested Capital(ROIC)
25.77%
Free Cash Flow
$1.5B
PEG Ratio
1.47
8🇺🇸
HEI-A.US
HEICO Corporation
83
Sales Growth
18.8%
EPS Growth
30.96%
Return on Equity(ROE)
18.07%
Return on Invested Capital(ROIC)
13.34%
Free Cash Flow
$926M
PEG Ratio
1.44
9🇺🇸
BWXT.US
BWX Technologies Inc
83
Sales Growth
21.4%
EPS Growth
19.22%
Return on Equity(ROE)
28.96%
Return on Invested Capital(ROIC)
13.65%
Free Cash Flow
$328.1M
PEG Ratio
2.5
10🇺🇸
HEI.US
Heico Corporation
82
Sales Growth
18.8%
EPS Growth
30.96%
Return on Equity(ROE)
18.07%
Return on Invested Capital(ROIC)
13.34%
Free Cash Flow
$926M
PEG Ratio
1.99
11🇺🇸
MOG-A.US
Moog Inc
82
Sales Growth
13.72%
EPS Growth
36.52%
Return on Equity(ROE)
14.46%
Return on Invested Capital(ROIC)
13.74%
Free Cash Flow
$204M
PEG Ratio
1.21
12🇩🇪
MTX.XETRA
MTU Aero Engines AG
78
Sales Growth
-0.99%
EPS Growth
52.51%
Return on Equity(ROE)
38.82%
Return on Invested Capital(ROIC)
25.91%
Free Cash Flow
$592.4M
PEG Ratio
0.25
13🇪🇸
IDR.MC
Indra A
78
Sales Growth
-6%
EPS Growth
64.48%
Return on Equity(ROE)
28.46%
Return on Invested Capital(ROIC)
47.02%
Free Cash Flow
$2.3B
PEG Ratio
0.29
14🇫🇷
SAF.PA
Safran SA
77
Sales Growth
12.89%
EPS Growth
-
Return on Equity(ROE)
57.38%
Return on Invested Capital(ROIC)
21.98%
Free Cash Flow
$5.3B
PEG Ratio
0.02
15🇺🇸
FTAI.US
FTAI Aviation Ltd.
76
Sales Growth
47.56%
EPS Growth
643.12%
Return on Equity(ROE)
233.29%
Return on Invested Capital(ROIC)
21.33%
Free Cash Flow
-$1.4B
PEG Ratio
0.06

Methodology

Sales Growth> 12% · 18 pts
EPS Growth> 8% · 14 pts
Return on Equity (ROE)> 14% · 20 pts
Return on Invested Capital (ROIC)> 10% · 16 pts
Free Cash Flow> $0 · 20 pts
PEG Ratio< 2.5 · 12 pts

Last 5 Updates

Jul 15, 2026, 04:31 AM15 companies
Entered:BWXT.US, IDR.MC, FTAI.US
Exited:RR.LSE, CW.US, KOG.OL
Jun 30, 2026, 01:50 PM15 companies
Entered:KXS.TO, WWD.US, HEI-A.US, HEI.US, MOG-A.US, CW.US, KOG.OL
Exited:HO.PA, IDR.MC, NOC.US, TXN.US, BA.US, LDOS.US, AIR.XETRA
May 31, 2026, 08:33 AM15 companies
First run.

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