Raven Industries Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Raven Industries Inc (RAVN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Raven Industries Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 404M vs 362,758M combined for its competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+13.4% annualized vs trailing 12 months), vs decelerating (-23.0%) for its tracked peer group.
- Growth: Raven Industries Inc generated 34.3% revenue growth year over year in Q2 2021, vs 10.6% for its competitors combined.
- Profitability: Its 6.0% net margin compares with 9.6% for the peer group.
- Peer revenue share: Raven Industries Inc accounted for 0.2% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.43M compares with $0.57M for the peer group (0.8x).
- Structure: Raven Industries Inc operates in the following segments: Other, All, Engineered Films, Applied Technology, Aerostar, Corporate and Other.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RAVN Sales vs. its Competitors, Q2 2021
Raven Industries Inc reported revenue growth of 34.34 % year on year in Q2 2021, above its competitors' combined revenue growth of 10.60 %.
With a net margin of 5.99 %, Raven Industries Inc reported lower profitability than its competitors (9.57 %).
Raven Industries Inc generated 0.16 % of the combined sales of its peer group, up from 0.13 % a year earlier.
API endpoints for this dataset
Raven Industries Inc vs. its Competitors, Q2 2021
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Raven Industries Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Raven Industries Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Raven Industries Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Raven Industries Inc's competitor groups requires a Commercial License.
For context: the Chemicals - Plastics & Rubber industry grew revenue -1.0% year over year, combined, vs 34.3% for Raven Industries Inc. Raven Industries Inc's share of combined industry revenue moved from 0.19% to 0.26%, a gain of 0.07 percentage points.
Raven Industries Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Raven Industries Inc | Yes | Yes | Yes | No |
| Competitors combined (30) | ||||
| High-Confidence Competitors (8) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RAVN Stock Performance relative to its Competitors
RAVN Stock Performance relative to High-Confidence Competitors
RAVN Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Viasat Inc | 282.9% | Outperformed |
| 2 | Richardson Electronics Ltd | 282.9% | Outperformed |
| 3 | Science applications International corporation | 282.9% | Outperformed |
| 4 | Elbit Systems Ltd | 282.9% | Outperformed |
| 5 | Lockheed Martin Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Raven Industries Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Raven Industries Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Raven Industries Inc |
2,114.16 | 403.60 |
 Rtx Corporation |
268,571.71 | 95,987.00 |
 Lockheed Martin Corporation |
136,165.99 | 79,116.00 |
 General Dynamics Corporation |
99,126.80 | 56,520.00 |
 Northrop Grumman Corp |
76,763.57 | 43,591.00 |
 Xilinx Inc |
49,114.19 | 3,676.42 |
| SUBTOTAL | 801,712.43 | 365,101.94 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Raven Industries Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Raven Industries Inc's Competitors Named by the Company
Competitive relationships identified from Raven Industries Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Deere & Company | Company report | 85% |
| Agco Corp | Company report | 85% |
| Alta Equipment Group Inc | Company report | 85% |
| Mahindra | Company report | 85% |
| Claas Group | Company report | 85% |
| Komatsu Ltd. | Company report | 85% |
| Volvo Group | Company report | 85% |
| Kubota Tractor Corporation | Company report | 85% |
| Bobcat | Company report | 85% |
| Hitachi Construction Machinery Co, Ltd. | Company report | 85% |
| Same Deutz Fahr Group | Company report | 85% |
| Liebherr Group | Company report | 85% |
| Caterpillar Inc. | Company report | 85% |
| J C Bamford Excavators Ltd. | Company report | 85% |
| SANY Heavy Industry Co., Ltd | Company report | 85% |
| Komatsu Ltd. | Company report | 85% |
| Argo Tractors S.p.A. | Company report | 85% |
| Develon | Company report | 85% |
| Terex Corporation | Company report | 85% |
| Trimble Inc | Company report | 85% |
| Titan Machinery Inc | Company report | 85% |
| The Toro Company | Company report | 85% |
| Hyster yale Inc | Company report | 85% |
| Astec Industries Inc | Company report | 85% |
| Navistar International Corporation | Company report | 85% |
| Gilat Satellite Networks Ltd | Company report | 85% |
| Gencor Industries Inc | Company report | 85% |
| Duke Robotics Corp | Company report | 85% |
| Blue Bird Corporation | Company report | 85% |
| Iteris inc | Company report | 85% |
| Leidos Holdings Inc | Company report | 85% |
| Alamo Group Inc | Company report | 85% |
| Dover Corp | Company report | 85% |
| Elbit Systems Ltd | Company report | 85% |
| Viasat Inc | Company report | 85% |
| Aerovironment Inc | Company report | 85% |
| Rada Electronic Industries Ltd | Company report | 85% |
Company report basis, confidence, active dates and source counts for Raven Industries Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Raven Industries Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Raven Industries Inc | Other 100.00 % |
| Rtx Corporation | Pratt and Whitney 36.98 % |
| Lockheed Martin Corporation | Aeronautics 39.66 % |
| General Dynamics Corporation | Marine Systems 34.05 % |
| Northrop Grumman Corp | Aeronautics Systems 32.14 % |
| Elbit Systems Ltd | Land Systems 29.21 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Raven Industries Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Raven Industries Inc | 2,114 | 428,901 | 27,081 |
| Rtx Corporation | 268,572 | 533,261 | 48,344 |
| Lockheed Martin Corporation | 136,166 | 643,220 | 52,951 |
| General Dynamics Corporation | 99,127 | 483,077 | 39,803 |
| Northrop Grumman Corp | 76,764 | 5,812,133 | 602,667 |
| Xilinx Inc | 49,114 | 751,671 | 189,906 |
| PEERS TOTAL | 799,598 | 566,627 | 29,285 |
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Raven Industries Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Rtx Corporation | UNITED STATES 53.04 % |
| Lockheed Martin Corporation | United States 69.29 % |
| Northrop Grumman Corp | United States 86.67 % |
| Xilinx Inc | Asia Pacific 39.96 % |
| Elbit Systems Ltd | Israel 32.20 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Raven Industries Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Chemicals - Plastics & Rubber industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (41 companies). See the full Chemicals - Plastics & Rubber industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 35.02 % | 16.59 % (avg) | +18.4 pp |
| Operating Margin | 12.33 % | industry median | +3.8 pp |
| EBITDA Margin | 11.62 % | 9.26 % (avg) | +2.4 pp |
| Capital Intensity (Capex / Revenue) | 5.05 % | 6.73 % (avg) | -1.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Raven Industries Inc's Valuation vs Competitive Position
Valuation multiples vs the Chemicals - Plastics & Rubber industry average (41 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Chemicals - Plastics & Rubber industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 62.2x | 40.4x | +21.7x |
| EV / EBITDA | 33.4x | 16.5x | +16.8x |
| P/B | 4.7x | 2.9x | +1.8x |
| Return on Equity | 7.52 % | industry aggregate | -10.34 % |
| Return on Invested Capital | 7.04 % | 2.00 % (avg) | 5.04 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Raven Industries Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -2.83 % | -4.19 % | -31.71 % | 7.42 % | 36.02 % | 7.78 % | -5.94 % | -8.93 % |
| Operating Margin | 16.21 % | 11.58 % | 1.70 % | 10.24 % | 15.68 % | 13.56 % | 10.44 % | 11.46 % |
| Return on Invested Capital | 12.73 % | 7.69 % | 0.75 % | 5.34 % | 10.62 % | 8.84 % | 6.06 % | 5.79 % |
| P/E | - | - | 129.8x | 44.1x | 31.0x | 29.2x | 34.5x | 50.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Raven Industries Inc's Strategic Group Map
Raven Industries Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Raven Industries Inc's trailing-12-month revenue growth of 12.8% and operating margin of 12.3% compares with an average of 11.9% growth and 11.8% margin across its 8 closest peers by combined growth, margin and ROIC -- Raven Industries Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Raven Industries Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 5.05 % vs industry average 6.73 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Raven Industries Inc's dedicated Suppliers and Customers pages, not here.
Raven Industries Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Raven Industries Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Raven Industries Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+13.4% annualized vs trailing 12 months).
Weaknesses
- Return on equity 10.3 points below the industry aggregate.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-23.0% annualized).
Methodology: see Methodology: SWOT Analysis.
Raven Industries Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Raven Industries Inc | 0.46 | 2.72 | 0.01 |
| Rtx Corporation | 0.13 | 1.03 | 0.82 |
| Lockheed Martin Corporation | 0.17 | 1.17 | 2.53 |
| General Dynamics Corporation | 0.20 | 1.42 | 0.29 |
| Northrop Grumman Corp | 0.23 | 1.16 | 0.85 |
| Xilinx Inc | 1.91 | 6.23 | 0.46 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Raven Industries Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Raven Industries Inc | Q2 2021 | +34.3 % | +17.8 % |
| Rtx Corporation | Q3 2026 | +11.1 % | +28.8 % |
| Lockheed Martin Corporation | Q3 2026 | +11.3 % | +14.0 % |
| General Dynamics Corporation | Q3 2026 | +12.9 % | +16.1 % |
| Northrop Grumman Corp | Q3 2026 | +6.7 % | +2.2 % |
| Xilinx Inc | Q4 2021 | +25.8 % | +75.5 % |
| PEERS TOTAL | +10.9 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Raven Industries Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Raven Industries Inc | Q2 2021 | +31.3 % | +91.2 % |
| Rtx Corporation | Q3 2026 | +41.0 % | +11.8 % |
| Lockheed Martin Corporation | Q3 2026 | +11.6 % | +15.2 % |
| General Dynamics Corporation | Q3 2026 | +81.5 % | +126.9 % |
| Northrop Grumman Corp | Q3 2026 | +32.3 % | +1.7 % |
| Xilinx Inc | Q4 2021 | +11.4 % | +90.2 % |
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Raven Industries Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Raven Industries Inc | 6.02% | 6.93% | 7.52% |
| Rtx Corporation | 5.03% | 6.62% | 12.70% |
| Lockheed Martin Corporation | 10.59% | 14.93% | 78.85% |
| General Dynamics Corporation | 7.87% | 12.53% | 17.60% |
| Northrop Grumman Corp | 8.83% | 10.92% | 25.70% |
| Xilinx Inc | 15.67% | 17.63% | 28.41% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Raven Industries Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Raven Industries Inc | 82.81 | 5.24 |
| Rtx Corporation | 32.18 | 2.80 |
| Lockheed Martin Corporation | 20.92 | 1.72 |
| General Dynamics Corporation | 21.26 | 1.75 |
| Northrop Grumman Corp | 17.04 | 1.76 |
| Xilinx Inc | 52.40 | 13.36 |
| PEERS AVERAGE | 42.48 | 2.20 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.