How Does Honeywell International Stock Compare With Peers?
Honeywell‘s (HON) stock delivered a moderate 11% return over the past year, lagging several industrial peers, but how does it truly measure up in the evolving industrial automation and manufacturing landscape? A closer look at the provided data as of January 29, 2026, reveals strong profitability, with competitive operating and free cash flow margins. However, its revenue growth is moderate, and while its valuation (PE ratio) is more modest than many high-multiple industrial conglomerates, it implies a solid foundation amidst ongoing portfolio optimization efforts including an upcoming Aerospace spin-off.
- HON’s 18.9% operating margin, while strong, lags EMR’s 19.6%, possibly due to EMR’s focus on higher-margin automation solutions. HON targets margin expansion via aerospace/building automation.
- HON’s 7.5% revenue growth outpaces JCI/EMR but trails RTX, GE, ETN, whose aerospace aftermarket, engine demand, and AI/electrical infrastructure markets show stronger expansion.
- HON’s 11.4% stock gain and 23.6 PE lag peers, as its aerospace spin-off transition risks contrast with RTX/GE’s strong engine/defense demand and ETN’s AI market upside.
Here’s how Honeywell International stacks up across size, valuation, and profitability versus key peers.
| HON | RTX | GE | ETN | JCI | EMR | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 144.4 | 268.5 | 314.4 | 137.8 | 75.8 | 84.8 |
| Revenue ($ Bil) | 40.7 | 86.0 | 45.9 | 26.6 | 23.6 | 18.0 |
| PE Ratio | 23.6 | 40.7 | 36.1 | 35.1 | 23.0 | 37.0 |
| LTM Revenue Growth | 7.5% | 8.8% | 18.5% | 8.2% | 2.8% | 3.0% |
| LTM Operating Margin | 18.9% | 10.3% | 18.9% | 19.0% | 12.0% | 19.6% |
| LTM FCF Margin | 15.2% | 5.5% | 15.8% | 12.5% | 4.1% | 14.8% |
| 12M Market Return | 11.4% | 62.7% | 51.0% | 13.0% | 60.1% | 19.0% |
For more details on Honeywell International, read Buy or Sell HON Stock. Below we compare HON’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
- Honeywell’s Margin Expansion Play: What the Bears Are Missing
- Honeywell International Stock Shares $43 Bil Success With Investors
- 3M Stock vs. Honeywell Stock: Which Is A Better Investment?
- Honeywell International Stock at Support Zone – Bargain or Trap?
- Buy or Sell Honeywell International Stock?
- HON Capital Return Hits $44 Bil in 10 Years
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| HON | 7.5% | – | 5.0% | 3.4% | 3.1% |
| RTX | 8.8% | – | 17.1% | 2.8% | 4.2% |
| GE | 18.5% | 18.5% | 9.5% | 21.3% | |
| ETN | 8.2% | – | 7.3% | 11.8% | 5.7% |
| JCI | 2.8% | 2.8% | 2.8% | 8.2% | |
| EMR | 3.0% | 3.0% | 15.3% | 9.9% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| HON | 18.9% | – | 19.9% | 19.3% | 18.1% |
| RTX | 10.3% | – | 8.1% | 5.2% | 8.2% |
| GE | 18.9% | 18.9% | 17.5% | 13.3% | |
| ETN | 19.0% | – | 18.6% | 16.7% | 14.4% |
| JCI | 12.0% | 12.0% | 10.5% | 10.8% | |
| EMR | 19.6% | 19.6% | 15.2% | 18.2% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| HON | 23.6 | – | 22.3 | 26.5 | 28.6 |
| RTX | 40.7 | – | 51.2 | 51.6 | 23.9 |
| GE | 36.1 | 37.5 | 27.6 | 11.7 | |
| ETN | 35.1 | – | 33.4 | 41.2 | 39.0 |
| JCI | 23.0 | 23.7 | 31.2 | 21.3 | |
| EMR | 37.0 | 32.6 | 36.0 | 4.2 |
Still not sure about HON stock? Consider portfolio approach.
Portfolios Beat Stock Picking
Single stocks swing wildly but staying invested matters. A well built portfolio keeps you invested, captures upside and softens the blows from individual stocks
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.