Honeywell International Inc vs NORTHROP GRUMMAN CORP /DE/, two Aerospace & Defense stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where HON and NOC diverge most: on implied growth (priced in), HON reads +13.4% and NOC reads +2.9%; on debt / equity, HON reads 2.50 and NOC reads 0.89. The rest of the comparable metrics sit closer together. On valuation, today's HON price has a different growth bar priced in than NOC (+13.4% implied for HON vs +2.9% for NOC); the higher figure is the steeper assumption to clear, not a better or worse stock. What HON's price implies is a bet that sits within the historical range (segment-resolved basis). What NOC's price implies is a bet that sits within the historical range (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | HON | NOC |
|---|---|---|
| Price | $226.40 | $539.53 |
| Market cap | $144.5B | $76.9B |
| Sector | Aerospace & Defense | Aerospace & Defense |
| Stage | Mature | Mature |
| Implied growth (priced in) | +13.4% | +2.9% |
| P/E | 35.3 | 16.9 |
| P/B | 9.85 | 4.49 |
| P/S | 3.84 | 1.81 |
| EV/EBITDA | 17.5 | 14.0 |
| Revenue growth | +6.2% | +4.9% |
| Operating margin | 23.3% | 10.0% |
| Net margin | 9.3% | 10.8% |
| Return on equity | 23.9% | 26.7% |
| Return on assets | 4.7% | 9.2% |
| Return on invested capital | 14.4% | 13.0% |
| FCF yield | 2.9% | 4.3% |
| Dividend yield | 2.0% | 1.7% |
| Debt / equity | 2.50 | 0.89 |
| Current ratio | 1.39 | 1.15 |
| Altman Z (solvency) | 7.71 | 2.84 |
| Piotroski F (quality) | 3 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.