TIH.TO vs. LHX
TIH.TO (Toromont Industries Ltd.) and LHX (L3Harris Technologies, Inc.) are both stocks. Both are in the Industrials sector — TIH.TO in Industrial Distribution, LHX in Aerospace & Defense. Over the past 10 years, TIH.TO returned 21.55%/yr vs 17.30%/yr for LHX. At a 0.20 correlation, their price movements are largely independent.
Performance
TIH.TO vs. LHX - Performance Comparison
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Different Trading Currencies
TIH.TO is traded in CAD, while LHX is traded in USD. To make them comparable, the LHX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIH.TO achieves a 34.71% return, which is significantly higher than LHX's 5.57% return. Over the past 10 years, TIH.TO has outperformed LHX with an annualized return of 21.55%, while LHX has yielded a comparatively lower 17.30% annualized return.
TIH.TO
- 1D
- -0.12%
- 1M
- 2.66%
- YTD
- 34.71%
- 6M
- 36.56%
- 1Y
- 88.16%
- 3Y*
- 30.25%
- 5Y*
- 17.44%
- 10Y*
- 21.55%
LHX
- 1D
- -1.59%
- 1M
- 3.33%
- YTD
- 5.57%
- 6M
- 8.93%
- 1Y
- 28.23%
- 3Y*
- 21.05%
- 5Y*
- 12.05%
- 10Y*
- 17.30%
TIH.TO vs. LHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIH.TO Toromont Industries Ltd. | 34.71% | 48.42% | -0.52% | 20.67% | -13.29% | 29.90% | 28.45% | 32.28% | 0.04% | 32.10% |
LHX L3Harris Technologies, Inc. | 5.57% | 35.79% | 10.51% | 1.20% | 5.82% | 14.93% | -5.06% | 43.06% | 4.75% | 31.27% |
Correlation
The correlation between TIH.TO and LHX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2006 | 0.20 |
Fundamentals
TIH.TO:
CA$6.29
LHX:
$12.29
TIH.TO:
35.38
LHX:
24.58
TIH.TO:
2.91
LHX:
12.60
TIH.TO:
3.41
LHX:
1.89
TIH.TO:
CA$5.34B
LHX:
$22.48B
TIH.TO:
CA$1.39B
LHX:
$5.50B
TIH.TO:
CA$1.06B
LHX:
$3.32B
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Return for Risk
TIH.TO vs. LHX — Risk / Return Rank
TIH.TO
LHX
TIH.TO vs. LHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toromont Industries Ltd. (TIH.TO) and L3Harris Technologies, Inc. (LHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TIH.TO | LHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.20 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 8.22 | 1.38 | +6.84 |
| Martin ratioReturn relative to average drawdown | 28.90 | 3.82 | +25.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIH.TO | LHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.79 | 1.14 | +2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.49 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.66 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.56 | +0.11 |
Drawdowns
TIH.TO vs. LHX - Drawdown Comparison
The maximum TIH.TO drawdown since its inception was -39.19%, smaller than the maximum LHX drawdown of -48.32%. Use the drawdown chart below to compare losses from any high point for TIH.TO and LHX.
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Drawdown Indicators
| TIH.TO | LHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.19% | -48.32% | +9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -20.60% | +9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.53% | -24.49% | +5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -33.76% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -25.45% | -33.76% | +8.31% |
Current DrawdownCurrent decline from peak | -2.00% | -17.95% | +15.95% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -12.19% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 7.42% | -4.34% |
Volatility
TIH.TO vs. LHX - Volatility Comparison
Toromont Industries Ltd. (TIH.TO) has a higher volatility of 7.26% compared to L3Harris Technologies, Inc. (LHX) at 6.87%. This indicates that TIH.TO's price experiences larger fluctuations and is considered to be riskier than LHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIH.TO | LHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 6.87% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 18.69% | 20.46% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 24.98% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 24.56% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 26.17% | -3.30% |
Dividends
TIH.TO vs. LHX - Dividend Comparison
TIH.TO's dividend yield for the trailing twelve months is around 0.97%, less than LHX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 1.62% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
TIH.TO Toromont Industries Ltd. | 0.97% | 1.25% | 1.69% | 1.48% | 1.60% | 1.19% | 1.39% | 1.53% | 1.70% | 1.38% | 1.70% | 2.16% |
Financials
TIH.TO vs. LHX - Financials Comparison
This section allows you to compare key financial metrics between Toromont Industries Ltd. and L3Harris Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TIH.TO vs. LHX - Profitability Comparison
TIH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported a gross profit of 317.34M and revenue of 1.23B. Therefore, the gross margin over that period was 25.8%.
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a gross profit of 1.40B and revenue of 5.74B. Therefore, the gross margin over that period was 24.4%.
TIH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported an operating income of 143.03M and revenue of 1.23B, resulting in an operating margin of 11.7%.
LHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported an operating income of 652.00M and revenue of 5.74B, resulting in an operating margin of 11.4%.
TIH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported a net income of 92.70M and revenue of 1.23B, resulting in a net margin of 7.6%.
LHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a net income of 512.00M and revenue of 5.74B, resulting in a net margin of 8.9%.
Frequently Asked Questions
TIH.TO and LHX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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