ESLT vs. HON: Elbit Systems vs. Honeywell Stock Comparison

November 11, 2026

How do Elbit Systems (ESLT) and Honeywell (HON) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Elbit Systems (ESLT) and Honeywell (HON) both fall under the Capital Goods industry group, but ESLT is classified in Aerospace & Defense while HON is classified in Industrial Conglomerates.

Company profile comparison for Elbit Systems (ESLT) and Honeywell (HON)
Profile Item	ESLT	HON
Name	Elbit Systems Ltd.	Honeywell International Inc.
Country/Region	Israel	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Industrial Conglomerates
GICS Sub-Industry	Aerospace & Defense	Industrial Conglomerates
Market Capitalization	32.00 billion USD	69.74 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	November 27, 1996	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ESLT

HON

GSPC

Elbit Systems (ESLT) vs. Honeywell (HON), with S&P 500 (GSPC) for reference: 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 Elbit Systems (ESLT) and Honeywell (HON). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Elbit Systems (ESLT) and Honeywell (HON). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
Total Return (1Y)	55.34%	14.14%
Total Return (3Y, Annualized)	57.29%	9.90%
Total Return (5Y, Annualized)	37.24%	2.32%

Risk Profile

Drawdown History

ESLT

HON

GSPC

Elbit Systems (ESLT) vs. Honeywell (HON), with S&P 500 (GSPC) for reference: 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 Elbit Systems (ESLT) and Honeywell (HON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Honeywell (HON) trades around 2.82M shares per day on average, while Elbit Systems (ESLT) sees only 88.09K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
Volatility (1Y, Annualized)	47.34%	27.11%
Beta (5Y)	0.10	0.80
Max Drawdown (5Y)	-35.54%	-25.21%
Avg. Volume (3M)	88.09K	2.82M

Risk-Adjusted Performance

Risk-Return Positioning

ESLT and HON are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
Sharpe Ratio (1Y)	1.08	0.36
Sortino Ratio (1Y)	1.76	0.52

Profitability

ROE (TTM)

Honeywell (HON) at 44.39% clears its industry range for ROE, a sharper capital-efficiency signal than Elbit Systems (ESLT) at 15.24%, which is closer to a typical peer reading.

ESLT

Capital Goods industry group

15.24%

Max: 40.55%
Q3: 19.29%
ESLT: 15.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

HON

Capital Goods industry group

44.39%

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Honeywell (HON) at 18.68% retains a top-quartile share of revenue as profit, ahead of Elbit Systems (ESLT) at 7.44%, which keeps about the industry-typical share.

ESLT

Capital Goods industry group

7.44%

Max: 27.47%
Q3: 12.10%
ESLT: 7.44%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

HON

Capital Goods industry group

18.68%

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Elbit Systems (ESLT) at 9.57% and Honeywell (HON) at 16.92% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ESLT

Capital Goods industry group

9.57%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
ESLT: 9.57%
Q1: 5.14%
Min: -12.63%

HON

Capital Goods industry group

16.92%

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
ROE (TTM)	15.24%	44.39%
ROA (TTM)	3.87%	7.13%
Net Margin (TTM)	7.44%	18.68%
Operating Margin (TTM)	9.57%	16.92%
Gross Margin (TTM)	25.03%	37.21%

Growth

Revenue Growth

Both Elbit Systems (ESLT) at 16.27% and Honeywell (HON) at 7.85% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their Revenue Growth across different time periods.

EPS Growth

Elbit Systems (ESLT) at 58.64% sits in the top EPS growth quartile, while Honeywell (HON) at -8.27% is closer to the peer norm — faster per-share earnings growth for ESLT.

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
Revenue Growth (YoY)	16.27%	7.85%
Revenue Growth (3Y CAGR)	12.93%	1.82%
EPS Growth (YoY)	58.64%	-8.27%
EPS Growth (3Y CAGR)	22.61%	3.20%

Financial Strength

Current Ratio (MRQ)

Both Elbit Systems (ESLT) at 1.40 and Honeywell (HON) at 0.96 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ESLT

Capital Goods industry group

1.40

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ESLT: 1.40
Min: 0.36

HON

Capital Goods industry group

0.96

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Elbit Systems (ESLT) at 0.19 keeps leverage in the lower industry quartile, while Honeywell (HON) at 0.76 runs a more typical debt-to-equity mix.

ESLT

Capital Goods industry group

0.19

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
ESLT: 0.19
Min: 0.00

HON

Capital Goods industry group

0.76

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
Current Ratio (MRQ)	1.40	0.96
Debt / Equity (MRQ)	0.19	0.76
Net Debt / EBITDA	-0.11	1.23

Dividends

Dividend Yield (TTM)

Elbit Systems (ESLT) at 0.58% pays an industry-typical yield; Honeywell (HON) at 3.63% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ESLT

Capital Goods industry group

0.58%

Max: 2.66%
Q3: 1.14%
ESLT: 0.58%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

HON

Capital Goods industry group

3.63%

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Elbit Systems (ESLT) at 23.33% pays out a band-typical share of earnings, while Honeywell (HON) at 38.87% distributes more than its industry norm — less retained, thinner cover.

ESLT

Capital Goods industry group

23.33%

Max: 67.39%
Q3: 28.02%
ESLT: 23.33%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

HON

Capital Goods industry group

38.87%

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
Dividend Yield (TTM)	0.58%	3.63%
Dividend Payout Ratio (TTM)	23.33%	38.87%

Valuation

P/E Ratio (TTM)

Honeywell (HON) at 10.91 sits in the cheaper P/E ratio quartile, while Elbit Systems (ESLT) at 51.36 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

ESLT

Capital Goods industry group

51.36

Max: 59.38
ESLT: 51.36
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

HON

Capital Goods industry group

10.91

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Elbit Systems (ESLT) at 3.74 and Honeywell (HON) at 1.85 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ESLT

Capital Goods industry group

3.74

Max: 7.54
Q3: 3.76
ESLT: 3.74
Median: 2.15
Q1: 1.03
Min: 0.03

HON

Capital Goods industry group

1.85

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Honeywell (HON) at 3.12 is valued about in line with its industry on P/B ratio, while Elbit Systems (ESLT) at 7.24 carries an above-peer premium to book — ESLT is pricier on assets.

ESLT

Capital Goods industry group

7.24

Max: 9.66
ESLT: 7.24
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

HON

Capital Goods industry group

3.12

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

Elbit Systems (ESLT) vs. Honeywell (HON): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Elbit Systems (ESLT) and Honeywell (HON)
Metric	ESLT	HON
P/E Ratio (TTM)	51.36	10.91
P/S Ratio (TTM)	3.74	1.85
P/B Ratio (MRQ)	7.24	3.12
Free Cash Flow Yield (TTM)	-0.12%	10.07%