Defense Stocks — Analysis & Key Financial Data
Defense Stocks focus on companies that operate in a specific niche or sub‑industry, where business models, risk drivers, and valuation frameworks tend to rhyme more closely with each other than with the broader market. Grouping stocks by theme makes it easier to understand how fundamentals and pricing compare inside the same opportunity set. On this page you can review defense stocks with Investment Scores, base valuations, and key financial metrics on Invest Viable. The tag is a transparent grouping tool — a way to organise research around a theme — rather than a recommendation list, so you can still apply your own judgement and valuation work.
- Stocks matching
- 3,190
- Latest data
- 2026-06-28
Highest Investment Scores in Defense Stocks
Top-rated stocks by Investment Score
- Price
- $91.19
- Fair Value
- $355.29
- Market Cap
- $21.2B
- Margin
- +289.6%
- Price
- $175.25
- Fair Value
- $263.72
- Market Cap
- $2.3B
- Margin
- +50.5%
- Price
- $41.36
- Fair Value
- $55.84
- Market Cap
- $1.1B
- Margin
- +35.0%
- Price
- $72.34
- Fair Value
- $69.18
- Market Cap
- $5.1B
- Margin
- -4.4%
Defense Stock List
| Company | Price | Fair Value | Score | Market Cap | P/E | EPS | Yield |
|---|---|---|---|---|---|---|---|
Adicet Bio, Inc. ACET | $8.56 | — | 26 | $78M | -0.6 | $-10.13 | 0.00% |
Z Squared Inc. ZSQR | $11.67 | — | 19 | $78M | -5.1 | $-1.95 | 0.00% |
Total Return Securities Fund SWZ | $5.94 | — | 77 | $77M | 4.3 | $1.13 | 0.00% |
Elicio Therapeutics, Inc. ELTX | $4.00 | — | 16 | $76M | -1.7 | $-2.21 | 0.00% |
DLH Holdings Corp. DLHC | $5.30 | $11.63 | 42 | $76M | -16.6 | $-0.31 | 0.00% |
Happy City Holdings Limited Class A Ordinary shares HCHL | $3.96 | — | 3 | $76M | -31.0 | $-0.13 | 0.00% |
Quantum X Labs Inc. QXL | $5.59 | — | 3 | $76M | -2.9 | $-1.41 | 0.00% |
Nano-X Imaging Ltd. NNOX | $1.21 | — | 29 | $76M | -1.0 | $-1.09 | 0.00% |
Spruce Biosciences, Inc. SPRB | $55.88 | — | 29 | $76M | -1.5 | $-27.11 | 0.00% |
American Vanguard Corporation AVD | $2.71 | $7.90 | 26 | $75M | -1.7 | $-1.59 | 0.00% |
Gambling.com Group Ltd GAMB | $2.13 | $20.92 | 42 | $75M | -1.6 | $-1.29 | 0.00% |
BARK, Inc. BARK | $9.58 | — | 23 | $75M | -1.9 | $-4.52 | 0.00% |
OFS Credit Company, Inc. OCCI | $2.59 | — | 35 | $75M | -2.1 | $-1.20 | 43.92% |
Gain Therapeutics, Inc. GANX | $1.98 | — | 26 | $75M | -3.0 | $-0.50 | 0.00% |
Kestrel Group Ltd KG | $8.80 | — | 35 | $74M | 0.8 | $5.12 | 0.00% |
Anfield Energy Inc. Common Shares AEC | $4.08 | — | 16 | $74M | -3.8 | $-1.38 | 0.00% |
NeoVolta Inc NEOV | $2.35 | — | 19 | $74M | -6.5 | $-0.29 | 0.00% |
Datacentrex, Inc. DTCX | $1.81 | — | 32 | $73M | -4.4 | $-0.41 | 0.00% |
Verrica Pharmaceuticals Inc. VRCA | $6.50 | — | 32 | $73M | -4.4 | $-1.67 | 0.00% |
eXoZymes, Inc. EXOZ | $8.42 | — | 19 | $73M | -7.0 | $-1.14 | 0.00% |
Edesa Biotech, Inc. EDSA | $7.67 | — | 29 | $73M | -6.1 | $-1.27 | 0.00% |
JFB Construction Holdings Class A Common Stock JFB | $4.69 | — | 35 | $72M | -8.3 | $-0.65 | 0.00% |
Heidmar Maritime Holdings Corp. HMR | $1.17 | — | 52 | $72M | -5.6 | $-0.21 | 0.00% |
VisionWave Holdings, Inc. VWAV | $4.62 | — | 10 | $72M | -2.5 | $-1.66 | 0.00% |
Advanced Flower Capital Inc. AFCG | $3.24 | $19.14 | 39 | $71M | -4.9 | $-0.57 | 11.18% |
About defence stocks
Defence is the part of Industrials with the most government-program-dependent cash-flow profile. Prime contractors typically work on multi-year programmes with backlogs that span quarters of forward revenue visibility — a very different operating rhythm from the cyclical capital-goods names that share the broader Industrials classification. The mid-tier suppliers and specialty subsystem makers carry similar program-driven cash flow with smaller absolute order sizes.
What makes the segment distinct for valuation is the smoothness of revenue. Most defence primes generate predictable free cash flow across multiple years and have historically returned a meaningful share of it to shareholders through dividends and buybacks. The Investment Score's emphasis on profitability and balance-sheet quality lands well here. The base valuations apply standard DCF and multiple-based methods, with backlog-to-revenue ratios surfacing implicitly through revenue-growth metrics where the data supports it.
What this page is for
This page is a screener and reference surface, not editorial coverage. The list above refreshes with each data update; the methodology, FAQ, and related categories below stay in place so the page is useful both for somebody arriving from a specific search and for somebody scanning the theme for the first time.
If you want to value a single defence stock end-to-end rather than scan the theme, the Invest Viable Valuator walks through the same models we use to compute the base valuations on this page.
Where you'll find Defense Stocks
This theme typically shows up across the sectors below. Each sector page lists every covered name with the same Investment Score model and base-valuation pipeline.
How we screen Defense Stocks
A company appears on this page when its primary industry classification is Aerospace & Defense or its primary revenue is from defence contracting.
- Listed on a US exchange (NYSE / Nasdaq) and classified as Aerospace & Defense in our industry taxonomy.
- Includes prime contractors, mid-tier suppliers, electronic-systems specialists, defence-services firms, and pure-play defence-tech names. Commercial aerospace exposure is included where it's part of the same industry classification.
- Investment Score and base valuation computed by the same models used elsewhere on Invest Viable.
Frequently asked questions
Which companies count as defence stocks?
Prime contractors, sub-system suppliers, electronic-warfare specialists, defence services, and pure-play defence-technology companies. Some commercial-aerospace names appear because they share the Aerospace & Defense industry classification, even when their revenue mix is mostly commercial.
How is defence different from broader Industrials?
Defence has multi-year backlogs and government-program visibility that smooth the cash-flow profile in ways most cyclical industrials don't experience. Earnings are less correlated with global capex cycles and more correlated with national-budget priorities and program timelines.
Are defence stocks defensive in a portfolio sense?
They tend to have lower beta than broader industrials because their revenue cycles are tied to government budgets rather than commercial demand. That's not the same as being immune to drawdown — program cancellations, political shifts, and contracting changes create idiosyncratic risk.
How are defence stocks valued?
Backlog-to-revenue, free-cash-flow conversion, and capital-return policies (dividends and buybacks) are the metrics most analysts emphasise. Our base valuations apply DCF and multiple-based methods on the financial inputs.
Does Invest Viable recommend specific defence stocks?
No. This page is a screener and analysis surface, not a recommendation list. Each stock is shown with its underlying financial data, base valuation, and Investment Score so you can do your own research. Invest Viable does not publish buy or sell calls on individual securities.