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Dassault Aviation S.A.

DUAVF
62
Aerospace & Defense · Industrials
Price
$359.00
+16.74 (+4.89%)
Market Cap
$27.66B
Exchange
Other OTC
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Exceptional
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Weak

Share count falling — buybacks

6.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 83.2M (2021) → 78.1M (2025)

Winston Score History

The full picture

Dassault Aviation is a French company that builds two very different types of aircraft: military fighter jets and private business jets. Its fighter jet, the Rafale, is flown by the French Air Force and Navy and has been sold to countries like Egypt, India, Qatar, and Greece. Its Falcon business jets are used by corporations and wealthy individuals around the world who need fast, long-range private travel.

The company earns money by selling aircraft and providing long-term maintenance and support services for both product lines. It operates primarily out of France but sells globally, and its roughly $27 billion market cap reflects a business with a strong order backlog, particularly for the Rafale. Dassault benefits from being one of very few companies in the world capable of designing and building a complete combat aircraft independently, which is a rare and hard-to-replicate advantage. The main risk is that both military export orders and business jet demand can be lumpy and sensitive to geopolitical shifts and economic slowdowns.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+183.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+117.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€389M/ year

Flat (-4% vs prior year)

5.2% of revenue

In line with sector average (4%)

Steady R&D investment year-over-year

Insider Activity

77.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€13.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Dassault Aviation S.A. grew revenue 183% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
9.3%
Thin — 9.3% gross margin
Profit after running costs
Operating Margin
8.0%
Modest — 8.0% operating margin
Return on the money invested
ROCE
11.6%
Below par — 11.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+71.0%
Fast-growing sales (+71.0% YoY)
Profit growth
EPS YoY
+63.9%
Earnings growing fast (+63.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
146%
Turns 146% of profit into real cash
Spare cash per sale
FCF Margin
15.3%
Converts sales into free cash efficiently (15.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
109.89x
Comfortably covers interest (109.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
27.8x
Growth-priced — P/E 27.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+13.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (27.8 → 14.5)

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Dividends

Dividend
Dividend Yield
1.60%
Small dividend — 1.60% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-65.3%
Dividend cut (-65.3% YoY) — warning sign

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