HONA vs. ITW: Honeywell Aerospace vs. Illinois Tool Works Stock Comparison

Company Profile

Honeywell Aerospace (HONA) and Illinois Tool Works (ITW) both fall under the Capital Goods industry group, but HONA is classified in Aerospace & Defense while ITW is classified in Machinery.

Illinois Tool Works (ITW) has been public since March 13, 1973, giving it decades of market history across multiple cycles, while Honeywell Aerospace (HONA) listed only on June 15, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Honeywell Aerospace (HONA) reports a negative beta of -5.78, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Illinois Tool Works (ITW) has a non-negative beta of 0.91.

Risk-Adjusted Performance

Risk-Return Positioning

Both HONA and ITW need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Illinois Tool Works (ITW) earns 101.65% on shareholders’ equity, ranked against its industry; Honeywell Aerospace (HONA) has no ROE this period.

Illinois Tool Works (ITW) at 19.39% retains a top-quartile share of revenue as profit, ahead of Honeywell Aerospace (HONA) at 11.25%, which keeps about the industry-typical share.

Both Honeywell Aerospace (HONA) at 23.69% and Illinois Tool Works (ITW) at 28.05% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

Profitability Metrics

Growth

Honeywell Aerospace (HONA) at 12.68% is around its peer norm for revenue growth, while Illinois Tool Works (ITW) at 0.92% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Illinois Tool Works (ITW) at -10.42% is around its peer norm for EPS growth, while Honeywell Aerospace (HONA) at -36.80% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

Honeywell Aerospace (HONA) at 1.64 keeps current ratio within its industry’s typical mid-range, while Illinois Tool Works (ITW) at 1.29 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ITW.

Only one side’s leverage can be read here: Illinois Tool Works (ITW) carries debt-to-equity ratio of 2.98 against its industry range, while Honeywell Aerospace (HONA) reports no figure this period.

Financial Strength Metrics

Dividends

Honeywell Aerospace (HONA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Illinois Tool Works (ITW) reports a yield of 2.29%, ranking against industry peers normally.

Honeywell Aerospace (HONA) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Illinois Tool Works (ITW) reports a payout of 58.43%, ranking against industry peers normally.

Dividend Metrics

Valuation

Illinois Tool Works (ITW) at 25.06 is near its industry’s usual P/E ratio, while Honeywell Aerospace (HONA) at 43.32 sits in the richer quartile — HONA needs stronger growth or earnings quality to justify the premium.

Honeywell Aerospace (HONA) at 2.69 is priced about in line with its industry on P/S ratio, while Illinois Tool Works (ITW) at 4.80 sits in the pricier quartile — ITW costs more per dollar of sales.

Honeywell Aerospace (HONA) reports a negative P/B ratio of -18.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Illinois Tool Works (ITW) reports 25.42, ranking against industry peers normally.

Valuation Metrics