HON vs. IEX: Honeywell vs. IDEX Stock Comparison

November 11, 2026

How do Honeywell (HON) and IDEX (IEX) 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

Honeywell (HON) and IDEX (IEX) both fall under the Capital Goods industry group, but HON is classified in Industrial Conglomerates while IEX is classified in Machinery.

Company profile comparison for Honeywell (HON) and IDEX (IEX)
Profile Item	HON	IEX
Name	Honeywell International Inc.	IDEX Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Industrial Conglomerates	Machinery
GICS Sub-Industry	Industrial Conglomerates	Industrial Machinery & Supplies & Components
Market Capitalization	69.74 billion USD	16.67 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	January 2, 1962	June 2, 1989
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HON

IEX

GSPC

Honeywell (HON) vs. IDEX (IEX), 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 Honeywell (HON) and IDEX (IEX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
Total Return (1Y)	14.14%	42.33%
Total Return (3Y, Annualized)	9.90%	8.92%
Total Return (5Y, Annualized)	2.32%	1.31%

Risk Profile

Drawdown History

HON

IEX

GSPC

Honeywell (HON) vs. IDEX (IEX), 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 Honeywell (HON) and IDEX (IEX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
Volatility (1Y, Annualized)	27.11%	22.98%
Beta (5Y)	0.80	0.95
Max Drawdown (5Y)	-25.21%	-34.60%
Avg. Volume (3M)	2.82M	666.74K

Risk-Adjusted Performance

Risk-Return Positioning

HON and IEX 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 Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
Sharpe Ratio (1Y)	0.36	1.66
Sortino Ratio (1Y)	0.52	2.64

Profitability

ROE (TTM)

Honeywell (HON) at 44.39% clears its industry range for ROE, a sharper capital-efficiency signal than IDEX (IEX) at 13.35%, which is closer to a typical peer reading.

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%

IEX

Capital Goods industry group

13.35%

Max: 40.55%
Q3: 19.29%
IEX: 13.35%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

For every dollar of sales, both Honeywell (HON) at 18.68% and IDEX (IEX) at 14.65% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

IEX

Capital Goods industry group

14.65%

Max: 27.47%
IEX: 14.65%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

IDEX (IEX) at 22.33% operates in the top operating margin quartile, ahead of Honeywell (HON) at 16.92%, which runs around its industry’s norm.

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%

IEX

Capital Goods industry group

22.33%

Max: 36.60%
IEX: 22.33%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
ROE (TTM)	44.39%	13.35%
ROA (TTM)	7.13%	7.06%
Net Margin (TTM)	18.68%	14.65%
Operating Margin (TTM)	16.92%	22.33%
Gross Margin (TTM)	37.21%	44.91%

Growth

Revenue Growth

Both Honeywell (HON) at 7.85% and IDEX (IEX) at 5.77% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both Honeywell (HON) at -8.27% and IDEX (IEX) at -3.46% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
Revenue Growth (YoY)	7.85%	5.77%
Revenue Growth (3Y CAGR)	1.82%	2.81%
EPS Growth (YoY)	-8.27%	-3.46%
EPS Growth (3Y CAGR)	3.20%	-5.97%

Financial Strength

Current Ratio (MRQ)

IDEX (IEX) at 2.78 keeps current ratio within its industry’s typical mid-range, while Honeywell (HON) at 0.96 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for HON.

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

IEX

Capital Goods industry group

2.78

Max: 5.22
Q3: 2.95
IEX: 2.78
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Honeywell (HON) at 0.76 and IDEX (IEX) at 0.44 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

IEX

Capital Goods industry group

0.44

Max: 2.33
Q3: 1.12
Median: 0.60
IEX: 0.44
Q1: 0.29
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
Current Ratio (MRQ)	0.96	2.78
Debt / Equity (MRQ)	0.76	0.44
Net Debt / EBITDA	1.23	1.18

Dividends

Dividend Yield (TTM)

IDEX (IEX) at 1.30% 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.

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%

IEX

Capital Goods industry group

1.30%

Max: 2.66%
IEX: 1.30%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Honeywell (HON) at 38.87% and IDEX (IEX) at 50.14% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

IEX

Capital Goods industry group

50.14%

Max: 67.39%
IEX: 50.14%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
Dividend Yield (TTM)	3.63%	1.30%
Dividend Payout Ratio (TTM)	38.87%	50.14%

Valuation

P/E Ratio (TTM)

Honeywell (HON) at 10.91 sits in the cheaper P/E ratio quartile, while IDEX (IEX) at 31.53 is closer to its industry’s usual earnings multiple — a discount for HON, though growth and earnings durability still matter.

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

IEX

Capital Goods industry group

31.53

Max: 59.38
Q3: 35.92
IEX: 31.53
Median: 25.41
Q1: 19.47
Min: 3.03

Honeywell (HON) vs. IDEX (IEX): 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 IDEX (IEX) at 4.56 sits in the pricier quartile — IEX costs more per dollar of sales.

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

IEX

Capital Goods industry group

4.56

Max: 7.54
IEX: 4.56
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both Honeywell (HON) at 3.12 and IDEX (IEX) at 4.17 are valued close to their industries’ norm against book — neither stands out from peers.

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

IEX

Capital Goods industry group

4.17

Max: 9.66
Q3: 5.00
IEX: 4.17
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Honeywell (HON) and IDEX (IEX)
Metric	HON	IEX
P/E Ratio (TTM)	10.91	31.53
P/S Ratio (TTM)	1.85	4.56
P/B Ratio (MRQ)	3.12	4.17
Free Cash Flow Yield (TTM)	10.07%	3.50%