Honeywell International Inc vs RTX CORPORATION, two Aerospace & Defense stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both run the same playbook, diversified aerospace and industrial franchises that sell hardware and then the long tail of parts and service behind it, but the mix lands differently. Honeywell keeps a 23% operating margin against RTX's 12%, and earns 24% on equity to RTX's 11%, the leaner, higher-return shop of the two. RTX answers with scale, a market value near $250 billion to Honeywell's $141 billion, and converts slightly more of its price into free cash, a 3.4% yield to 2.9%. Honeywell pays the bigger dividend at 2.1% to RTX's 1.45% but carries more leverage, debt-to-equity of 2.5. They trade close on earnings, near 40 times for Honeywell and 35 for RTX, the market paying a small premium for the higher margins.
Comparison updated 2026-06-15.
| Metric | HON | RTX |
|---|---|---|
| Price | $226.40 | $195.96 |
| Market cap | $144.5B | $267.4B |
| Sector | Aerospace & Defense | Aerospace & Defense |
| Stage | Mature | Mature |
| Implied growth (priced in) | +11.8% | +22.8% |
| P/E | 35.3 | 36.8 |
| P/B | 9.85 | 3.93 |
| P/S | 3.84 | 2.96 |
| EV/EBITDA | 17.5 | 26.6 |
| Revenue growth | +6.2% | +10.5% |
| Operating margin | 23.3% | 11.6% |
| Net margin | 9.3% | 8.0% |
| Return on equity | 23.9% | 10.7% |
| Return on assets | 4.7% | 4.3% |
| Return on invested capital | 14.4% | 12.3% |
| FCF yield | 2.9% | 3.2% |
| Dividend yield | 2.0% | 1.4% |
| Debt / equity | 2.50 | 0.00 |
| Current ratio | 1.39 | 1.02 |
| Altman Z (solvency) | 7.71 | 2.63 |
| Piotroski F (quality) | 3 / 9 | 6 / 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.