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.
| Profile Item | HONA | MAIR |
|---|---|---|
| Name | Honeywell Aerospace Inc. | Madison Air Solutions Corporation Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Aerospace & Defense | Building Products |
| GICS Sub-Industry | Aerospace & Defense | Building Products |
| Market Capitalization | 48.48 billion USD | 11.56 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | June 15, 2026 | April 16, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | HONA | MAIR |
|---|---|---|
| Total Return (1Y) | -- | -- |
| Total Return (3Y, Annualized) | -- | -- |
| Total Return (5Y, Annualized) | -- | -- |
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. Madison Air (MAIR) has a non-negative beta of 1.60.
| Metric | HONA | MAIR |
|---|---|---|
| Volatility (1Y, Annualized) | 84.07% | 57.10% |
| Beta (5Y) | -5.78 | 1.60 |
| Max Drawdown (5Y) | -44.59% | -51.16% |
| Avg. Volume (3M) | 3.58M | 2.60M |
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
| Metric | HONA | MAIR |
|---|---|---|
| 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
- --
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%
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%
Profitability Metrics
| Metric | HONA | MAIR |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | HONA | MAIR |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | HONA | MAIR |
|---|---|---|
| Current Ratio (MRQ) | 1.64 | 1.82 |
| Debt / Equity (MRQ) | -- | 0.87 |
| Net Debt / EBITDA | 3.43 | 3.37 |
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%
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%
Dividend Metrics
| Metric | HONA | MAIR |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | HONA | MAIR |
|---|---|---|
| P/E Ratio (TTM) | 43.32 | 164.57 |
| P/S Ratio (TTM) | 2.69 | 3.09 |
| P/B Ratio (MRQ) | -18.85 | 3.17 |
| Free Cash Flow Yield (TTM) | -- | -- |