Honeywell (HON) Stock Analysis

November 11, 2026

This is a peer-relative look at Honeywell (HON): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Capital Goods peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Honeywell (HON)
Profile Item	HON
Name	Honeywell International Inc.
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Capital Goods
GICS Industry	Industrial Conglomerates
GICS Sub-Industry	Industrial Conglomerates
Market Capitalization	69.74 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	January 2, 1962
Security Type	Common Stock

Price Performance

Cumulative Growth

HON

GSPC

Honeywell (HON) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Honeywell (HON) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Honeywell (HON) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
Total Return (1Y)	14.14%	6.84%
Total Return (3Y, Annualized)	9.90%	17.66%
Total Return (5Y, Annualized)	2.32%	9.09%

Risk Profile

Drawdown History

HON

GSPC

Honeywell (HON) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Honeywell (HON) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
Volatility (1Y, Annualized)	27.11%	44.38%
Beta (5Y)	0.80	1.19
Max Drawdown (5Y)	-25.21%	-49.95%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. HON is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
Sharpe Ratio (1Y)	0.36	0.06
Sortino Ratio (1Y)	0.52	0.09

Profitability

ROE (TTM)

Honeywell (HON) posts ROE of 44.39%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

HON

Capital Goods industry group

44.39%

Group distribution

HON: 44.39%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Largest peers

GEV: 93.04%
CAT: 56.14%
GE: 50.17%
HON: 44.39%
DE: 18.24%
RTX: 12.85%
BA: --

Where Honeywell (HON) stands on ROE within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Honeywell (HON) keeps 18.68% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

HON

Capital Goods industry group

18.68%

Group distribution

Max: 27.47%
HON: 18.68%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Largest peers

GEV: 23.54%
HON: 18.68%
GE: 17.31%
CAT: 15.21%
DE: 10.17%
RTX: 8.75%
BA: 8.07%

Where Honeywell (HON) stands on net margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Honeywell (HON) turns 16.92% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

HON

Capital Goods industry group

16.92%

Group distribution

Max: 36.60%
Q3: 18.33%
HON: 16.92%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Largest peers

CAT: 20.19%
GE: 18.49%
HON: 16.92%
RTX: 15.54%
DE: 13.37%
GEV: 12.77%
BA: 0.30%

Where Honeywell (HON) stands on operating margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
ROE (TTM)	44.39%	12.12%
ROA (TTM)	7.13%	5.29%
Net Margin (TTM)	18.68%	6.30%
Operating Margin (TTM)	16.92%	11.12%
Gross Margin (TTM)	37.21%	29.63%

Growth

Revenue Growth

Honeywell (HON) grew revenue 7.85%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Honeywell (HON): Revenue Growth across different time periods, set against Capital Goods industry-group medians.

EPS Growth

Honeywell (HON) grew earnings per share -8.27%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Honeywell (HON): EPS Growth across different time periods, set against Capital Goods industry-group medians.

Growth Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
Revenue Growth (YoY)	7.85%	8.11%
Revenue Growth (3Y CAGR)	1.82%	6.45%
EPS Growth (YoY)	-8.27%	5.45%
EPS Growth (3Y CAGR)	3.20%	7.15%

Financial Strength

Current Ratio (MRQ)

Honeywell (HON) has current ratio of 0.96, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

HON

Capital Goods industry group

0.96

Group distribution

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
HON: 0.96
Min: 0.36

Largest peers

DE: 2.13
CAT: 1.42
BA: 1.13
RTX: 1.05
GE: 0.98
HON: 0.96
GEV: 0.83

Where Honeywell (HON) stands on current ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Honeywell (HON) has debt-to-equity ratio of 0.76, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

HON

Capital Goods industry group

0.76

Group distribution

Max: 2.33
Q3: 1.12
HON: 0.76
Median: 0.60
Q1: 0.29
Min: 0.00

Largest peers

BA: 7.39
DE: 2.30
CAT: 2.10
GE: 1.16
HON: 0.76
RTX: 0.55
GEV: 0.30

Where Honeywell (HON) stands on debt-to-equity ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
Current Ratio (MRQ)	0.96	2.08
Debt / Equity (MRQ)	0.76	0.60
Net Debt / EBITDA	1.23	1.78

Dividends

Dividend Yield (TTM)

Honeywell (HON) has dividend yield of 3.63%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

HON

Capital Goods industry group

3.63%

Group distribution

HON: 3.63%
Max: 2.66%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Largest peers

HON: 3.63%
RTX: 1.47%
CAT: 1.13%
DE: 0.98%
GE: 0.56%
GEV: 0.26%
BA: 0.00%

Where Honeywell (HON) stands on dividend yield within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Honeywell (HON) has payout ratio of 38.87%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

HON

Capital Goods industry group

38.87%

Group distribution

Max: 67.39%
HON: 38.87%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 45.85%
HON: 38.87%
DE: 36.02%
CAT: 24.18%
GE: 20.23%
GEV: 4.59%
BA: 0.00%

Where Honeywell (HON) stands on payout ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
Dividend Yield (TTM)	3.63%	0.24%
Dividend Payout Ratio (TTM)	38.87%	6.86%

Valuation

P/E Ratio (TTM)

Honeywell (HON) trades at P/E ratio of 10.91, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

HON

Capital Goods industry group

10.91

Group distribution

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
HON: 10.91
Min: 3.03

Largest peers

DE: 37.33
GE: 36.94
RTX: 30.82
CAT: 21.92
GEV: 20.32
BA: 17.89
HON: 10.91

Where Honeywell (HON) stands on P/E ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Honeywell (HON) trades at 1.85 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

HON

Capital Goods industry group

1.85

Group distribution

Max: 7.54
Q3: 3.76
Median: 2.15
HON: 1.85
Q1: 1.03
Min: 0.03

Largest peers

GE: 6.38
GEV: 4.65
DE: 3.78
CAT: 3.29
RTX: 2.66
HON: 1.85
BA: 1.45

Where Honeywell (HON) stands on P/S ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Honeywell (HON) trades at 3.12 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

HON

Capital Goods industry group

3.12

Group distribution

Max: 9.66
Q3: 5.00
HON: 3.12
Median: 3.12
Q1: 1.81
Min: -1.08

Largest peers

BA: 20.99
GE: 19.06
GEV: 18.00
CAT: 11.90
DE: 6.47
RTX: 3.69
HON: 3.12

Where Honeywell (HON) stands on P/B ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Honeywell (HON) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HON	Industry group median
P/E Ratio (TTM)	10.91	25.41
P/S Ratio (TTM)	1.85	2.15
P/B Ratio (MRQ)	3.12	3.12
Free Cash Flow Yield (TTM)	10.07%	3.03%