HON vs. MLI: Honeywell vs. Mueller Industries Stock Comparison

November 11, 2026

How do Honeywell (HON) and Mueller Industries (MLI) 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 Mueller Industries (MLI) both fall under the Capital Goods industry group, but HON is classified in Industrial Conglomerates while MLI is classified in Machinery.

Company profile comparison for Honeywell (HON) and Mueller Industries (MLI)
Profile Item	HON	MLI
Name	Honeywell International Inc.	Mueller Industries, Inc.
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	11.54 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	January 2, 1962	February 25, 1991
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HON

MLI

GSPC

Honeywell (HON) vs. Mueller Industries (MLI), 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 Mueller Industries (MLI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Honeywell (HON) and Mueller Industries (MLI)
Metric	HON	MLI
Total Return (1Y)	14.14%	3.68%
Total Return (3Y, Annualized)	9.90%	44.56%
Total Return (5Y, Annualized)	2.32%	32.39%

Risk Profile

Drawdown History

HON

MLI

GSPC

Honeywell (HON) vs. Mueller Industries (MLI), 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 Mueller Industries (MLI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Honeywell (HON) and Mueller Industries (MLI)
Metric	HON	MLI
Volatility (1Y, Annualized)	27.11%	34.44%
Beta (5Y)	0.80	1.01
Max Drawdown (5Y)	-25.21%	-27.79%
Avg. Volume (3M)	2.82M	1.61M

Risk-Adjusted Performance

Risk-Return Positioning

HON and MLI 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 Mueller Industries (MLI)
Metric	HON	MLI
Sharpe Ratio (1Y)	0.36	-0.02
Sortino Ratio (1Y)	0.52	-0.02

Profitability

ROE (TTM)

Both companies show strong equity returns, but Honeywell (HON) at 44.39% is the standout with ROE above its industry range; Mueller Industries (MLI) at 26.26% also sits in the top quartile.

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%

MLI

Capital Goods industry group

26.26%

Max: 40.55%
MLI: 26.26%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Honeywell (HON) vs. Mueller Industries (MLI): 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 Mueller Industries (MLI) at 17.27% 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%

MLI

Capital Goods industry group

17.27%

Max: 27.47%
MLI: 17.27%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Mueller Industries (MLI) at 19.53% 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%

MLI

Capital Goods industry group

19.53%

Max: 36.60%
MLI: 19.53%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Honeywell (HON) and Mueller Industries (MLI)
Metric	HON	MLI
ROE (TTM)	44.39%	26.26%
ROA (TTM)	7.13%	16.23%
Net Margin (TTM)	18.68%	17.27%
Operating Margin (TTM)	16.92%	19.53%
Gross Margin (TTM)	37.21%	27.25%

Growth

Revenue Growth

Both Honeywell (HON) at 7.85% and Mueller Industries (MLI) at 10.87% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Honeywell (HON) vs. Mueller Industries (MLI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Honeywell (HON) at -8.27% and Mueller Industries (MLI) at 29.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Honeywell (HON) vs. Mueller Industries (MLI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Honeywell (HON) and Mueller Industries (MLI)
Metric	HON	MLI
Revenue Growth (YoY)	7.85%	10.87%
Revenue Growth (3Y CAGR)	1.82%	1.62%
EPS Growth (YoY)	-8.27%	29.19%
EPS Growth (3Y CAGR)	3.20%	5.63%

Financial Strength

Current Ratio (MRQ)

Mueller Industries (MLI) at 4.39 carries current ratio above its industry’s typical mid-range, while Honeywell (HON) at 0.96 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

MLI

Capital Goods industry group

4.39

Max: 5.22
MLI: 4.39
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Mueller Industries (MLI) at 0.01 keeps leverage in the lower industry quartile, while Honeywell (HON) at 0.76 runs a more typical debt-to-equity mix.

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

MLI

Capital Goods industry group

0.01

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
MLI: 0.01
Min: 0.00

Honeywell (HON) vs. Mueller Industries (MLI): 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 Mueller Industries (MLI)
Metric	HON	MLI
Current Ratio (MRQ)	0.96	4.39
Debt / Equity (MRQ)	0.76	0.01
Net Debt / EBITDA	1.23	-1.31

Dividends

Dividend Yield (TTM)

Mueller Industries (MLI) at 1.24% 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%

MLI

Capital Goods industry group

1.24%

Max: 2.66%
MLI: 1.24%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Mueller Industries (MLI) at 16.67% pays out a band-typical share of earnings, while Honeywell (HON) at 38.87% distributes more than its industry norm — less retained, thinner cover.

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%

MLI

Capital Goods industry group

16.67%

Max: 67.39%
Q3: 28.02%
MLI: 16.67%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Honeywell (HON) and Mueller Industries (MLI)
Metric	HON	MLI
Dividend Yield (TTM)	3.63%	1.24%
Dividend Payout Ratio (TTM)	38.87%	16.67%

Valuation

P/E Ratio (TTM)

Both Honeywell (HON) at 10.91 and Mueller Industries (MLI) at 13.58 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

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

MLI

Capital Goods industry group

13.58

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
MLI: 13.58
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Honeywell (HON) at 1.85 and Mueller Industries (MLI) at 2.31 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

MLI

Capital Goods industry group

2.31

Max: 7.54
Q3: 3.76
MLI: 2.31
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Mueller Industries (MLI) at 0.33 sits in the lower P/B ratio quartile against book while Honeywell (HON) at 3.12 is valued near its industry’s middle — MLI is cheaper on assets, though weigh it against ROE and asset quality.

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

MLI

Capital Goods industry group

0.33

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
MLI: 0.33
Min: -1.08

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

Valuation Metrics

Valuation metrics for Honeywell (HON) and Mueller Industries (MLI)
Metric	HON	MLI
P/E Ratio (TTM)	10.91	13.58
P/S Ratio (TTM)	1.85	2.31
P/B Ratio (MRQ)	3.12	0.33
Free Cash Flow Yield (TTM)	10.07%	4.65%