ETN vs. HON: Eaton vs. Honeywell Stock Comparison

November 11, 2026

How do Eaton (ETN) 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

Eaton (ETN) and Honeywell (HON) both fall under the Capital Goods industry group, but ETN is classified in Electrical Equipment while HON is classified in Industrial Conglomerates.

Company profile comparison for Eaton (ETN) and Honeywell (HON)
Profile Item	ETN	HON
Name	Eaton Corporation plc	Honeywell International Inc.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Industrial Conglomerates
GICS Sub-Industry	Electrical Components & Equipment	Industrial Conglomerates
Market Capitalization	132.76 billion USD	69.74 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 1, 1972	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ETN

HON

GSPC

Eaton (ETN) 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 Eaton (ETN) and Honeywell (HON). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
Total Return (1Y)	-2.33%	14.14%
Total Return (3Y, Annualized)	19.68%	9.90%
Total Return (5Y, Annualized)	17.50%	2.32%

Risk Profile

Drawdown History

ETN

HON

GSPC

Eaton (ETN) 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 Eaton (ETN) and Honeywell (HON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
Volatility (1Y, Annualized)	43.57%	27.11%
Beta (5Y)	1.14	0.80
Max Drawdown (5Y)	-34.46%	-25.21%
Avg. Volume (3M)	2.32M	2.82M

Risk-Adjusted Performance

Risk-Return Positioning

ETN 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 Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
Sharpe Ratio (1Y)	-0.15	0.36
Sortino Ratio (1Y)	-0.21	0.52

Profitability

ROE (TTM)

Both companies show strong equity returns, but Honeywell (HON) at 44.39% is the standout with ROE above its industry range; Eaton (ETN) at 19.55% also sits in the top quartile.

ETN

Capital Goods industry group

19.55%

Max: 40.55%
ETN: 19.55%
Q3: 19.29%
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%

Eaton (ETN) vs. Honeywell (HON): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Eaton (ETN) at 12.18% and Honeywell (HON) at 18.68% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ETN

Capital Goods industry group

12.18%

Max: 27.47%
ETN: 12.18%
Q3: 12.10%
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%

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

Operating Margin (TTM)

Both Eaton (ETN) at 17.85% and Honeywell (HON) at 16.92% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ETN

Capital Goods industry group

17.85%

Max: 36.60%
Q3: 18.33%
ETN: 17.85%
Median: 11.12%
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%

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

Profitability Metrics

Profitability metrics for Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
ROE (TTM)	19.55%	44.39%
ROA (TTM)	7.22%	7.13%
Net Margin (TTM)	12.18%	18.68%
Operating Margin (TTM)	17.85%	16.92%
Gross Margin (TTM)	35.16%	37.21%

Growth

Revenue Growth

Both Eaton (ETN) at 10.33% 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.

Eaton (ETN) vs. Honeywell (HON): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Eaton (ETN) at 10.00% and Honeywell (HON) at -8.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Eaton (ETN) vs. Honeywell (HON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
Revenue Growth (YoY)	10.33%	7.85%
Revenue Growth (3Y CAGR)	9.77%	1.82%
EPS Growth (YoY)	10.00%	-8.27%
EPS Growth (3Y CAGR)	19.39%	3.20%

Financial Strength

Current Ratio (MRQ)

Both Eaton (ETN) at 1.23 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.

ETN

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ETN: 1.23
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

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

Debt / Equity (MRQ)

Both Eaton (ETN) at 1.00 and Honeywell (HON) at 0.76 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ETN

Capital Goods industry group

1.00

Max: 2.33
Q3: 1.12
ETN: 1.00
Median: 0.60
Q1: 0.29
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

Eaton (ETN) 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 Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
Current Ratio (MRQ)	1.23	0.96
Debt / Equity (MRQ)	1.00	0.76
Net Debt / EBITDA	2.85	1.23

Dividends

Dividend Yield (TTM)

Eaton (ETN) at 1.33% earns its spot in the top quartile of its industry’s yields; Honeywell (HON) at 3.63% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

ETN

Capital Goods industry group

1.33%

Max: 2.66%
ETN: 1.33%
Q3: 1.14%
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%

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

Dividend Payout Ratio (TTM)

Both Eaton (ETN) at 43.36% and Honeywell (HON) at 38.87% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ETN

Capital Goods industry group

43.36%

Max: 67.39%
ETN: 43.36%
Q3: 28.02%
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%

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

Dividend Metrics

Dividend metrics for Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
Dividend Yield (TTM)	1.33%	3.63%
Dividend Payout Ratio (TTM)	43.36%	38.87%

Valuation

P/E Ratio (TTM)

Honeywell (HON) at 10.91 sits in the cheaper P/E ratio quartile, while Eaton (ETN) at 34.14 is closer to its industry’s usual earnings multiple — a discount for HON, though growth and earnings durability still matter.

ETN

Capital Goods industry group

34.14

Max: 59.38
Q3: 35.92
ETN: 34.14
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

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

P/S Ratio (TTM)

Honeywell (HON) at 1.85 is priced about in line with its industry on P/S ratio, while Eaton (ETN) at 4.15 sits in the pricier quartile — ETN costs more per dollar of sales.

ETN

Capital Goods industry group

4.15

Max: 7.54
ETN: 4.15
Q3: 3.76
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

Eaton (ETN) 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 Eaton (ETN) at 6.33 carries an above-peer premium to book — ETN is pricier on assets.

ETN

Capital Goods industry group

6.33

Max: 9.66
ETN: 6.33
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

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

Valuation Metrics

Valuation metrics for Eaton (ETN) and Honeywell (HON)
Metric	ETN	HON
P/E Ratio (TTM)	34.14	10.91
P/S Ratio (TTM)	4.15	1.85
P/B Ratio (MRQ)	6.33	3.12
Free Cash Flow Yield (TTM)	2.29%	10.07%