HONA vs. WSO.B: Honeywell Aerospace vs. Watsco Stock Comparison

Company Profile

Honeywell Aerospace (HONA) and Watsco (WSO.B) both fall under the Capital Goods industry group, but HONA is classified in Aerospace & Defense while WSO.B is classified in Trading Companies & Distributors.

Watsco (WSO.B) has been public since March 17, 1980, 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. Watsco (WSO.B) has a non-negative beta of 0.64.

Honeywell Aerospace (HONA) trades around 3.58M shares per day on average, while Watsco (WSO.B) sees only 74 — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Watsco (WSO.B) earns 16.21% on shareholders’ equity, ranked against its industry; Honeywell Aerospace (HONA) has no ROE this period.

Both Honeywell Aerospace (HONA) at 11.25% and Watsco (WSO.B) at 6.31% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Honeywell Aerospace (HONA) at 23.69% operates in the top operating margin quartile, ahead of Watsco (WSO.B) at 10.14%, which runs around its industry’s norm.

Profitability Metrics

Growth

Honeywell Aerospace (HONA) at 12.68% is around its peer norm for revenue growth, while Watsco (WSO.B) at -4.98% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Watsco (WSO.B) at -7.47% 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 Watsco (WSO.B) at 3.15 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Only one side’s leverage can be read here: Watsco (WSO.B) carries debt-to-equity ratio of 0.16 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 Watsco (WSO.B) reports a yield of 4.02%, ranking against industry peers normally.

Watsco (WSO.B) reports payout ratio above 100% at 109.66%, meaning dividends exceeded current-period earnings; Honeywell Aerospace (HONA) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

Watsco (WSO.B) at 27.26 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.

On P/S ratio, both Honeywell Aerospace (HONA) at 2.69 and Watsco (WSO.B) at 1.74 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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 Watsco (WSO.B) reports 3.99, ranking against industry peers normally.

Valuation Metrics