Hawkeye 360 (HAWK)
Market Price (9/4/2026): $17.4 | Market Cap: $1.1 BilSector: Industrials | Industry: Aerospace & Defense
Hawkeye 360 (HAWK)
Market Price (9/4/2026): $17.4Market Cap: $1.1 BilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45% Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Space Exploration, and Satellite RF Intelligence. | Weak multi-year price returns2Y Excs Rtn is -100%, 3Y Excs Rtn is -134% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -18 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 196x Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.4% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.5% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Space Exploration, and Satellite RF Intelligence. |
| Weak multi-year price returns2Y Excs Rtn is -100%, 3Y Excs Rtn is -134% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -18 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 196x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.5% |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/1/2026
Hawkeye 360 (HAWK) stock has lost about 50% since 5/31/2026 because of the following key factors:
1. Post-IPO Price Correction and Valuation Re-assessment: Following its Initial Public Offering (IPO) in May 2026 at $26 per share, Hawkeye 360 (HAWK) shares initially surged, reaching an all-time high of $35.73 on May 11, 2026. However, the stock experienced a significant correction shortly thereafter, reaching a low of $17.02 by late July 2026, indicating investor re-assessment of its valuation in the public market after the initial IPO excitement.
2. Widening Net Loss and Decline in Adjusted EBITDA in Fiscal Q2 2026: For fiscal Q2 2026, which ended June 30, 2026, Hawkeye 360 reported a net loss of $15.3 million, a significant widening compared to a net income of $1.6 million in the prior-year period. Concurrently, Adjusted EBITDA decreased to $7.0 million from $7.8 million year-over-year. This decline in profitability, despite an 87% year-over-year revenue increase to $49.8 million, was attributed in part to increased expenses associated with transitioning to a public company and higher investments in space, processing, and analytics, raising concerns among investors about the company's path to sustainable profitability.
Show more
Hawkeye 360 (HAWK) stock has lost about 50% since 5/31/2026 because of the following key factors:
1. Post-IPO Price Correction and Valuation Re-assessment: Following its Initial Public Offering (IPO) in May 2026 at $26 per share, Hawkeye 360 (HAWK) shares initially surged, reaching an all-time high of $35.73 on May 11, 2026. However, the stock experienced a significant correction shortly thereafter, reaching a low of $17.02 by late July 2026, indicating investor re-assessment of its valuation in the public market after the initial IPO excitement.
2. Widening Net Loss and Decline in Adjusted EBITDA in Fiscal Q2 2026: For fiscal Q2 2026, which ended June 30, 2026, Hawkeye 360 reported a net loss of $15.3 million, a significant widening compared to a net income of $1.6 million in the prior-year period. Concurrently, Adjusted EBITDA decreased to $7.0 million from $7.8 million year-over-year. This decline in profitability, despite an 87% year-over-year revenue increase to $49.8 million, was attributed in part to increased expenses associated with transitioning to a public company and higher investments in space, processing, and analytics, raising concerns among investors about the company's path to sustainable profitability.
Show more
Updated on 9/1/2026
Hawkeye 360 (HAWK) stock has lost about 50% since 5/31/2026 because of the following key factors:
1. Post-IPO Price Correction and Valuation Re-assessment: Following its Initial Public Offering (IPO) in May 2026 at $26 per share, Hawkeye 360 (HAWK) shares initially surged, reaching an all-time high of $35.73 on May 11, 2026. However, the stock experienced a significant correction shortly thereafter, reaching a low of $17.02 by late July 2026, indicating investor re-assessment of its valuation in the public market after the initial IPO excitement.
2. Widening Net Loss and Decline in Adjusted EBITDA in Fiscal Q2 2026: For fiscal Q2 2026, which ended June 30, 2026, Hawkeye 360 reported a net loss of $15.3 million, a significant widening compared to a net income of $1.6 million in the prior-year period. Concurrently, Adjusted EBITDA decreased to $7.0 million from $7.8 million year-over-year. This decline in profitability, despite an 87% year-over-year revenue increase to $49.8 million, was attributed in part to increased expenses associated with transitioning to a public company and higher investments in space, processing, and analytics, raising concerns among investors about the company's path to sustainable profitability.
3. Ambiguity in Backlog and Challenges to Meet Full-Year Guidance: While the company reported a "confirmed backlog" of $292.2 million as of June 30, 2026, representing an increase from the previous quarter, analytical insights suggest that the "remaining performance obligations" under accounting rules were significantly lower at $105.3 million, with a substantial portion not expected to be recognized as revenue until 2027. Furthermore, the full-year 2026 revenue guidance of $215.0 million to $220.0 million implies an approximate 18% sequential revenue step-up needed in the second half of the year, which analysts view as challenging given the Q2 2026 revenue was flat sequentially compared to Q1 2026. This disparity and ambitious outlook could have contributed to investor skepticism.
4. Impending IPO Lock-up Expiration: A significant overhang on the stock price is the early expiration of the IPO lock-up period for officers, directors, and pre-IPO holders, making approximately 79.5 million shares, or about 81% of the company's outstanding common stock, eligible for public sale starting September 2, 2026. This substantial increase in the tradable float from the initial 18.4 million shares could lead to considerable selling pressure as early investors and insiders gain the ability to liquidate their holdings.
Show less
Hawkeye 360 (HAWK) stock has lost about 50% since 5/31/2026 because of the following key factors:
1. Post-IPO Price Correction and Valuation Re-assessment: Following its Initial Public Offering (IPO) in May 2026 at $26 per share, Hawkeye 360 (HAWK) shares initially surged, reaching an all-time high of $35.73 on May 11, 2026. However, the stock experienced a significant correction shortly thereafter, reaching a low of $17.02 by late July 2026, indicating investor re-assessment of its valuation in the public market after the initial IPO excitement.
2. Widening Net Loss and Decline in Adjusted EBITDA in Fiscal Q2 2026: For fiscal Q2 2026, which ended June 30, 2026, Hawkeye 360 reported a net loss of $15.3 million, a significant widening compared to a net income of $1.6 million in the prior-year period. Concurrently, Adjusted EBITDA decreased to $7.0 million from $7.8 million year-over-year. This decline in profitability, despite an 87% year-over-year revenue increase to $49.8 million, was attributed in part to increased expenses associated with transitioning to a public company and higher investments in space, processing, and analytics, raising concerns among investors about the company's path to sustainable profitability.
3. Ambiguity in Backlog and Challenges to Meet Full-Year Guidance: While the company reported a "confirmed backlog" of $292.2 million as of June 30, 2026, representing an increase from the previous quarter, analytical insights suggest that the "remaining performance obligations" under accounting rules were significantly lower at $105.3 million, with a substantial portion not expected to be recognized as revenue until 2027. Furthermore, the full-year 2026 revenue guidance of $215.0 million to $220.0 million implies an approximate 18% sequential revenue step-up needed in the second half of the year, which analysts view as challenging given the Q2 2026 revenue was flat sequentially compared to Q1 2026. This disparity and ambitious outlook could have contributed to investor skepticism.
4. Impending IPO Lock-up Expiration: A significant overhang on the stock price is the early expiration of the IPO lock-up period for officers, directors, and pre-IPO holders, making approximately 79.5 million shares, or about 81% of the company's outstanding common stock, eligible for public sale starting September 2, 2026. This substantial increase in the tradable float from the initial 18.4 million shares could lead to considerable selling pressure as early investors and insiders gain the ability to liquidate their holdings.
Show less
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| HAWK | -47.5% | |
| Market (SPY) | 2.2% | 34.9% |
| Sector (XLI) | 0.8% | 19.9% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| HAWK | -61.6% | |
| Market (SPY) | 13.0% | 33.1% |
| Sector (XLI) | -1.2% | 22.1% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/3/2026| Return | Correlation | |
|---|---|---|
| HAWK | -61.6% | |
| Market (SPY) | 20.9% | 33.1% |
| Sector (XLI) | 16.0% | 22.1% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/3/2026| Return | Correlation | |
|---|---|---|
| HAWK | -61.6% | |
| Market (SPY) | 77.7% | 33.1% |
| Sector (XLI) | 68.0% | 22.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HAWK Return | 0% | 0% | 0% | 0% | 0% | -61% | -61% |
| Peers Return | -11% | -34% | -25% | 5% | 139% | 89% | 110% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| HAWK Win Rate | 0% | 0% | 0% | 0% | 0% | 11% | |
| Peers Win Rate | 52% | 45% | 50% | 35% | 55% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| HAWK Max Drawdown | 0% | 0% | 0% | 0% | 0% | -61% | |
| Peers Max Drawdown | -47% | -54% | -62% | -56% | -56% | -49% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PL, BKSY, SATL, IRDM, VSAT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/3/2026 (YTD)
How Low Can It Go
| Event | HAWK | S&P 500 |
|---|---|---|
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -26.5% | -12.2% |
| % Gain to Breakeven | 36.1% | 13.9% |
| Time to Breakeven | 443 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -11.2% | -0.2% |
| % Gain to Breakeven | 12.6% | 0.2% |
| Time to Breakeven | 13 days | 1 days |
In The Past
Hawkeye 360's stock fell -1.5% during the 2016-2017 Trump Reflation Bond Selloff. Such a loss loss requires a 1.6% gain to breakeven.
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| Event | HAWK | S&P 500 |
|---|---|---|
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -26.5% | -12.2% |
| % Gain to Breakeven | 36.1% | 13.9% |
| Time to Breakeven | 443 days | 62 days |
In The Past
Hawkeye 360's stock fell -1.5% during the 2016-2017 Trump Reflation Bond Selloff. Such a loss loss requires a 1.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hawkeye 360 (HAWK)
Hawkeye 360 (HAWK) specializes in providing a diverse range of prepaid payment solutions, including gift, telecom, and debit cards, available in both physical and electronic formats. The company operates across three primary segments: U.S. Retail, International, and Incentives & Rewards, delivering related prepaid products and payment services to a global market.
The company's core offerings encompass a variety of closed-loop gift cards for categories such as digital media, e-commerce, dining, entertainment, and travel, alongside non-reloadable open-loop gift cards. Hawkeye 360 also provides prepaid wireless cards for airtime and handsets, General Purpose Reloadable (GPR) cards, and its Reloadit network for convenient GPR card reloads. Beyond consumer products, it offers comprehensive incentive solutions for businesses, managing programs like consumer rebates, sales incentives, and bulk prepaid card fulfillment. Additionally, the company operates Cardpool, an online marketplace for selling unused gift cards, and provides digital services, card production, and processing capabilities.
Hawkeye 360 primarily serves individual consumers who purchase prepaid cards for various uses, and businesses seeking solutions for consumer incentive programs, employee rewards, and sales channel initiatives. Its products are widely distributed through a robust network of grocery, convenience, specialty, and online retailers, ensuring broad market accessibility.
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Here are 1-3 brief analogies for the company described:
Hawkeye 360 (symbol: HAWK) is like:
- The Amazon of prepaid gift and debit cards
- A specialized payment network, similar to Visa or Mastercard, but focused on gift cards and prepaid solutions
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- Prepaid Gift Cards: Offers a variety of physical and electronic closed-loop and non-reloadable open-loop gift cards.
- Prepaid Telecom Products: Provides prepaid wireless/cellular cards for airtime and sells related handsets.
- General Purpose Reloadable (GPR) Cards & Services: Supplies GPR cards and operates Reloadit, a network for reloading funds onto various prepaid cards.
- Business Incentive & Reward Solutions: Delivers comprehensive services for managing consumer rebates, sales incentives, and bulk prepaid card fulfillment for businesses.
- Gift Card Exchange Marketplace: Operates Cardpool, an online and retail platform where consumers can sell unused gift cards.
- Digital & Processing Services: Provides digital services for online and mobile applications, along with card production and processing for content providers.
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- Rise of Comprehensive Digital Wallets and Mobile Payment Apps: The increasing ubiquity and functionality of digital wallets and mobile payment platforms (e.g., Apple Pay, Google Pay, PayPal, Venmo, Square Cash) pose a significant threat. These platforms offer integrated peer-to-peer money transfers, direct merchant loyalty program integration, and seamless payment capabilities that can serve as direct alternatives to Blackhawk's prepaid gift cards, general purpose reloadable (GPR) cards, and even incentives solutions. As consumers increasingly rely on these apps for everyday spending, gifting, and managing funds, the need for separate physical or digital prepaid cards distributed through Blackhawk's network may diminish.
- Direct-to-Consumer Digital Gifting and Loyalty Platforms by Major Merchants: Large retailers and service providers are increasingly developing and promoting their own robust, in-app digital gifting and loyalty ecosystems. These platforms allow consumers to directly purchase, send, and redeem digital gift cards or store credit within the merchant's own application or website, often with integrated loyalty benefits and personalized offers. This trend enables major brands to bypass third-party intermediaries like Blackhawk for the distribution and processing of their closed-loop gift cards, potentially reducing Blackhawk's sales volume and relevance in this key segment.
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Here are the addressable markets for Blackhawk Network Holdings, Inc.'s main products and services:
- Prepaid Gift Cards: The global gift card market was valued at approximately USD 1.40 trillion in 2025 and is projected to grow to USD 2.22 trillion by 2034, demonstrating a compound annual growth rate (CAGR) of 5.11%. Another estimate puts the global gift card market size at USD 1.24 trillion in 2025, with a projected increase to USD 4.23 trillion by 2035, at a CAGR of 13.06%. Within this, the closed-loop gift cards segment generated over USD 326.6 billion globally in 2024. The open-loop gift card market is anticipated to reach USD 1,236.7 billion globally by 2034. In North America, the gift card market is expected to hold a 35.1% share of the global market in 2024, valued at US$168,677 million, and is projected to reach US$442,043 million by 2034. The U.S. gift card market alone was worth over USD 223 billion in 2024.
- Prepaid Telecom Cards: The global prepaid telecom services market size was valued at approximately USD 120 billion in 2024 and is expected to reach USD 160 billion by 2033, growing at a CAGR of about 3.3%.
- Debit Cards (General Purpose Reloadable and Non-Reloadable Open Loop Gift Cards): These products fall under the broader prepaid card market. The global prepaid card market size is projected to be worth around USD 21.46 trillion by 2034, up from USD 3.60 trillion in 2024, with a CAGR of 19.55%. Another source estimates the global prepaid card market was valued at USD 4.5 trillion in 2024 and is anticipated to reach USD 23.8 trillion in 2033, at a CAGR of 20.3%. North America dominates the prepaid card market, holding a 61% share in 2024. The U.S. prepaid card market is expected to reach $1,645.77 billion by 2027.
- Incentives & Rewards Solutions: The global Rewards and Incentives Service market size is projected to reach USD 7152.8 million by 2028, growing from USD 3910.9 million in 2021 at a CAGR of 8.9%. Another report indicates the global Rewards and Incentives Service Market was valued at USD 6.52 billion in 2026 and is projected to reach USD 12.99 billion by 2035, with a CAGR of approximately 8.9%. North America is a significant region in this market, holding over 40% of the global market share in 2024 and projected to command roughly 38–40% of the total market share during 2026–2035.
- Cardpool (Online Marketplace for Unused Gift Cards): A specific addressable market size for the secondary market for unused gift cards (like Cardpool) was not explicitly available in the search results. However, it is noted that approximately $3 billion in unused gift cards goes to waste every year, indicating a significant pool of potential inventory for such a marketplace.
- Digital Services for Online and Mobile Applications & Card Production and Processing Services: These services are part of the broader digital payments market. The global digital payment market size was valued at USD 140.22 billion in 2025 and is projected to grow to USD 874.89 billion by 2034, with a CAGR of 22.56%. North America dominated the digital payment industry, accounting for a 33.5% share in 2024. Another estimate places the global digital payments market size at $119.55 billion in 2024, expected to reach $522.87 billion by 2034, growing at a CAGR of nearly 15.90% between 2025 and 2034.
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HawkEye 360 (symbol: HAWK) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives related to its unique space-based radio frequency (RF) data analytics capabilities.
Key drivers of future revenue growth for HawkEye 360 include:
* **Expansion of Satellite Constellation and Enhanced Data Collection:** HawkEye 360 operates a constellation of small satellites to collect RF signals. The company's continued deployment of additional satellites and the enhancement of its data collection capabilities will allow it to gather more comprehensive and valuable intelligence, directly contributing to revenue growth by offering more robust products and services. HawkEye 360 has already launched 30 satellites, which operate in clusters of three to collect radio frequency signal location data.
* **Growing Demand from Government and Allied Customers:** A significant portion of HawkEye 360's revenue, representing 61% of its 2025 sales, comes from U.S. government work. The increasing need for sophisticated signals intelligence (SIGINT) for defense, intelligence, and maritime security applications from government and allied customers will likely drive substantial revenue growth. The company's offerings are used across defense, intelligence, maritime security, and spectrum monitoring applications.
* **Development and Commercialization of Advanced Analytics and Intelligence Products:** HawkEye 360 processes collected RF data using proprietary signal processing and AI-enabled analytics software to detect, geolocate, classify, and track emitters. The ongoing development and commercialization of new, high-value data subscriptions, analytics, and custom SIGINT solutions for its diverse customer base, including commercial and international entities, will open new revenue streams.
* **Strategic Acquisitions and Market Expansion:** The company's acquisition of Innovative Signal Analysis, partly funded by its IPO proceeds, demonstrates a strategy to expand capabilities and market reach through strategic acquisitions. Such moves can integrate new technologies, customer bases, or expertise, thereby accelerating revenue growth. The company also aims to expand its customer base to include a wider range of commercial and international entities.
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Peer Outperformance in Aerospace & Defense
HAWK has trailed 83% of its 54 Aerospace & Defense peers over 5Y. Aerospace & Defense ranks 4th of 23 industries in Industrials by median 5Y return.
Share of Aerospace & Defense constituents that HAWK has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
10%
of 70 industry peers · -61.6% return
3Y
15%
of 60 industry peers · -61.6% return
5Y
17%
of 54 industry peers · -61.6% return
No Aerospace & Defense peer with a comparable growth profile has beaten HAWK by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Aerospace & Defense is HAWK's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 17.5% | 99.4% | 187.0% | CDNL 2619% · FIX 2009% · STRL 1891% |
| Marine Transportation | 5 | 69.1% | 70.3% | 169.4% | HOS 49321% · MATX 184% · KEX 169% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 15.9% | 55.6% | 114.4% | CAT 315% · ALSN 262% · WAB 220% |
| Aerospace & Defense ← | 55 | 0.1% | 55.2% | 71.1% | ATI 1040% · FTAI 901% · HWM 742% |
| Passenger Ground Transportation | 3 | -11.8% | 40.0% | 57.9% | UBER 88% · CAR 58% · LYFT -64% |
| Rail Transportation | 7 | 30.7% | 66.8% | 45.4% | FSTR 131% · CSX 64% · UNP 51% |
| Industrial Machinery & Supplies & Components | 71 | 9.5% | 45.8% | 43.3% | CRS 1386% · PSIX 846% · EROC 573% |
| Cargo Ground Transportation | 16 | 35.9% | 1.1% | 32.1% | R 249% · XPO 242% · CVLG 202% |
| Trading Companies & Distributors | 19 | 1.6% | 30.1% | 31.7% | DXPE 523% · AIT 285% · WCC 202% |
| Diversified Support Services | 33 | 12.3% | 29.7% | 26.7% | LIME 4415% · WLFC 355% · TH 348% |
| Electrical Components & Equipment | 41 | 17.1% | 44.4% | 20.1% | POWL 2125% · BE 976% · VRT 858% |
| Building Products | 33 | -7.1% | 4.3% | 17.8% | LMB 571% · GFF 389% · PPIH 288% |
| Research & Consulting Services | 13 | -5.9% | -19.7% | -3.9% | HURN 220% · CRAI 91% · GRNQ 81% |
| Industrial Conglomerates | 17 | 12.5% | 10.9% | -5.0% | RCMT 667% · CSW 138% · CSL 76% |
| Agricultural & Farm Machinery | 17 | 13.7% | -6.0% | -10.4% | BLBD 213% · DE 90% · GENC 57% |
| Environmental & Facilities Services | 29 | -6.3% | 20.5% | -12.5% | CECO 883% · ADUR 572% · NVRI 360% |
| Data Processing & Outsourced Services | 6 | -29.6% | -11.5% | -24.8% | EXLS 51% · BR 15% · G -22% |
| Passenger Airlines | 11 | -0.6% | -4.9% | -27.5% | LTM 2468% · UAL 135% · SKYW 111% |
| Office Services & Supplies | 9 | 13.1% | 19.0% | -31.6% | PBI 189% · TILE 151% · HNI 54% |
| Human Resource & Employment Services | 22 | 8.1% | -19.4% | -37.1% | BBSI 85% · ADP 53% · KFY 31% |
| Air Freight & Logistics | 12 | -7.7% | -26.9% | -39.4% | CHRW 82% · FDX 68% · EXPD 60% |
| Security & Alarm Services | 10 | -33.9% | 7.3% | -44.9% | CIX 143% · MG 95% · NL 56% |
| Airport Services | 3 | -67.0% | -75.3% | -58.7% | JOBY -32% · ASLE -59% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 19.49 |
| Mkt Cap | 3.0 |
| Rev LTM | 242 |
| Op Inc LTM | -20 |
| FCF LTM | 14 |
| FCF 3Y Avg | -23 |
| CFO LTM | 69 |
| CFO 3Y Avg | 206 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.1% |
| Rev Chg 3Y Avg | 16.9% |
| Rev Chg Q | 42.1% |
| QoQ Delta Rev Chg LTM | 9.1% |
| Op Inc Chg LTM | -3.5% |
| Op Inc Chg 3Y Avg | 11.4% |
| Op Mgn LTM | -22.1% |
| Op Mgn 3Y Avg | -24.2% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 19.0% |
| CFO/Rev 3Y Avg | 17.4% |
| FCF/Rev LTM | 1.5% |
| FCF/Rev 3Y Avg | -6.4% |
Price Behavior
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HAWK Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.80 | 2.92 | 2.17 | 1.21 | 0.72 | 0.17 |
| Up Beta | 4.73 | 4.86 | 4.87 | 2.00 | 1.39 | 0.22 |
| Down Beta | 1.68 | -0.46 | -0.18 | -0.67 | -0.28 | -0.10 |
| Up Capture | 205% | 267% | 74% | 36% | 16% | 2% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 7 | 18 | 27 | 34 | 34 | 34 |
| Down Capture | 580% | 334% | 285% | 213% | 133% | 74% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 23 | 36 | 45 | 45 | 45 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HAWK | |
|---|---|---|---|---|
| HAWK | -49.2% | 77.5% | -2.34 | - |
| Sector ETF (XLI) | 17.8% | 17.1% | 0.79 | 22.1% |
| Equity (SPY) | 21.2% | 12.8% | 1.23 | 33.1% |
| Gold (GLD) | 25.1% | 29.1% | 0.77 | 36.1% |
| Commodities (DBC) | 42.9% | 20.4% | 1.64 | -11.7% |
| Real Estate (VNQ) | 10.7% | 13.6% | 0.50 | -7.8% |
| Bitcoin (BTCUSD) | -31.0% | 43.5% | -0.73 | 33.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HAWK | |
|---|---|---|---|---|
| HAWK | -12.6% | 77.5% | -2.34 | - |
| Sector ETF (XLI) | 12.5% | 17.6% | 0.54 | 22.1% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 33.1% |
| Gold (GLD) | 19.6% | 18.8% | 0.85 | 36.1% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | -11.7% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | -7.8% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 33.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HAWK | |
|---|---|---|---|---|
| HAWK | -3.5% | 43.8% | -0.23 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 14.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 20.5% |
| Gold (GLD) | 12.5% | 16.3% | 0.63 | 16.6% |
| Commodities (DBC) | 8.0% | 18.1% | 0.36 | -3.9% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 4.1% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | -1.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
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