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HONA vs. MAIR: Honeywell Aerospace vs. Madison Air Stock Comparison

How do Honeywell Aerospace (HONA) and Madison Air (MAIR) 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 Aerospace (HONA) and Madison Air (MAIR) both fall under the Capital Goods industry group, but HONA is classified in Aerospace & Defense while MAIR is classified in Building Products.

Company profile comparison for Honeywell Aerospace (HONA) and Madison Air (MAIR)
Profile ItemHONAMAIR
NameHoneywell Aerospace Inc.Madison Air Solutions Corporation Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryAerospace & DefenseBuilding Products
GICS Sub-IndustryAerospace & DefenseBuilding Products
Market Capitalization48.48 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 15, 2026April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

HONA
MAIR
GSPC
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR), 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 Aerospace (HONA) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Honeywell Aerospace (HONA) and Madison Air (MAIR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
Total Return (1Y)----
Total Return (3Y, Annualized)----
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

HONA
MAIR
GSPC
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR), 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 Aerospace (HONA) and Madison Air (MAIR). Each bar is the share of months whose return fell in that 5% bucket.

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. Madison Air (MAIR) has a non-negative beta of 1.60.

Risk profile metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
Volatility (1Y, Annualized)84.07%57.10%
Beta (5Y)-5.781.60
Max Drawdown (5Y)-44.59%-51.16%
Avg. Volume (3M)3.58M2.60M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
Sharpe Ratio (1Y)----
Sortino Ratio (1Y)----

Profitability

ROE (TTM)

Neither Honeywell Aerospace (HONA) nor Madison Air (MAIR) reports a ROE value for this period, so a direct comparison isn’t possible.

HONA

Capital Goods industry group

--

Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
HONA
--

MAIR

Capital Goods industry group

--

Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
MAIR
--
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): Neither stock reports ROE, so the chart shows available benchmark boxes without value markers.

Net Margin (TTM)

Both Honeywell Aerospace (HONA) at 11.25% and Madison Air (MAIR) at 3.73% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

HONA

Capital Goods industry group

11.25%

Max
27.47%
Q3
12.10%
HONA
11.25%
Median
6.30%
Q1
1.40%
Min
-12.89%

MAIR

Capital Goods industry group

3.73%

Max
27.47%
Q3
12.10%
Median
6.30%
MAIR
3.73%
Q1
1.40%
Min
-12.89%
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Honeywell Aerospace (HONA) at 23.69% and Madison Air (MAIR) at 19.76% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

HONA

Capital Goods industry group

23.69%

Max
36.60%
HONA
23.69%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%

MAIR

Capital Goods industry group

19.76%

Max
36.60%
MAIR
19.76%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
ROE (TTM)----
ROA (TTM)----
Net Margin (TTM)11.25%3.73%
Operating Margin (TTM)23.69%19.76%
Gross Margin (TTM)34.64%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Honeywell Aerospace (HONA) at 12.68% is closer to the peer norm — faster top-line expansion for MAIR.

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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Madison Air (MAIR) at -2.32% is around its peer norm for EPS growth, while Honeywell Aerospace (HONA) at -36.80% drops into the bottom quartile, signaling weaker earnings momentum.

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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
Revenue Growth (YoY)12.68%34.07%
Revenue Growth (3Y CAGR)----
EPS Growth (YoY)-36.80%-2.32%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Both Honeywell Aerospace (HONA) at 1.64 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

HONA

Capital Goods industry group

1.64

Max
5.22
Q3
2.95
Median
2.08
HONA
1.64
Q1
1.43
Min
0.36

MAIR

Capital Goods industry group

1.82

Max
5.22
Q3
2.95
Median
2.08
MAIR
1.82
Q1
1.43
Min
0.36
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Madison Air (MAIR) carries debt-to-equity ratio of 0.87 against its industry range, while Honeywell Aerospace (HONA) reports no figure this period.

HONA

Capital Goods industry group

--

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
Min
0.00
HONA
--

MAIR

Capital Goods industry group

0.87

Max
2.33
Q3
1.12
MAIR
0.87
Median
0.60
Q1
0.29
Min
0.00
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): HONA does not report debt-to-equity ratio, so it has no value marker; MAIR is benchmarked against the Capital Goods industry group.

Financial Strength Metrics

Financial strength metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
Current Ratio (MRQ)1.641.82
Debt / Equity (MRQ)--0.87
Net Debt / EBITDA3.433.37

Dividends

Dividend Yield (TTM)

Neither Honeywell Aerospace (HONA) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

HONA

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
HONA
0.00%
Q1
0.00%
Min
0.00%

MAIR

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
MAIR
0.00%
Q1
0.00%
Min
0.00%
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Honeywell Aerospace (HONA) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

HONA

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
HONA
0.00%
Q1
0.00%
Min
0.00%

MAIR

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
MAIR
0.00%
Q1
0.00%
Min
0.00%
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Honeywell Aerospace (HONA) at 43.32 sits in the richer P/E ratio quartile, and Madison Air (MAIR) at 164.57 is richer still, above its industry range.

HONA

Capital Goods industry group

43.32

Max
59.38
HONA
43.32
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03

MAIR

Capital Goods industry group

164.57

MAIR
164.57
Max
59.38
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Honeywell Aerospace (HONA) at 2.69 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

HONA

Capital Goods industry group

2.69

Max
7.54
Q3
3.76
HONA
2.69
Median
2.15
Q1
1.03
Min
0.03

MAIR

Capital Goods industry group

3.09

Max
7.54
Q3
3.76
MAIR
3.09
Median
2.15
Q1
1.03
Min
0.03
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

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 Madison Air (MAIR) reports 3.17, ranking against industry peers normally.

HONA

Capital Goods industry group

-18.85

Max
9.66
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
HONA
-18.85

MAIR

Capital Goods industry group

3.17

Max
9.66
Q3
5.00
MAIR
3.17
Median
3.12
Q1
1.81
Min
-1.08
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Honeywell Aerospace (HONA) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Honeywell Aerospace (HONA) and Madison Air (MAIR)
MetricHONAMAIR
P/E Ratio (TTM)43.32164.57
P/S Ratio (TTM)2.693.09
P/B Ratio (MRQ)-18.853.17
Free Cash Flow Yield (TTM)----