Honeywell Aerospace (HONA) stock
Industrials · Aerospace & Defense
Honeywell Aerospace (HONA) is an Aerospace & Defense company in the Industrials sector, headquartered in Phoenix, Arizona. As of October 23, 2026, HONA closed at $163.31, a market capitalization of $51.76 billion, the 228th largest company in the S&P 500. Over the last twelve months it generated $17.92 billion in revenue (+5% year over year) and $3.20 billion in free cash flow. The stock trades at 49.8x trailing earnings and 18.3x forward earnings.
- 52-week range: $149.19 – $297.50
- Gross margin 34.5%, operating margin 14.7%
- FI Handbook report card: C across 9 metrics
- 39th largest of 83 Industrials stocks in the S&P 500
HONA price chart
1Y price change: -18.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| HONA | -0.0% | — | — | — | — | — | -43.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2026.
HONA key statistics
- Market cap
- $51.8B
- #228 in S&P 500
- P/E (TTM)
- 49.8x
- Forward P/E
- 18.3x
- EPS (TTM)
- $3.28
- Revenue (TTM)
- $17.9B
- +5%
- Free cash flow
- $3.2B
- Gross margin
- 34.5%
- Operating margin
- 14.7%
- Return on equity
- —
- Dividend yield
- None
- 52-week range
- $149.19 – $297.50
- Beta
- —
- Price / sales
- 2.9x
- EV / EBITDA
- 18.9x
- Debt / equity
- —
- Employees
- 30,000
HONA report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth5.4%C
- Gross margin34.5%C
- Operating margin14.7%C
- FCF margin17.9%B
- Return on equity——
- Net debt / EBITDA4.3xF
- Forward P/E18.3xB
- PEG ratio0.9xA
- Shareholder yield0.0%F
- Share count change / yr0.0%C
Honeywell Aerospace financials
Revenue went from $13.8B in fiscal 2023 to $17.4B in fiscal 2025, growing 12.3% a year.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $13.8B | $15.4B | $17.4B |
| Gross profit | $5.3B | $5.5B | $6.1B |
| Operating income | $3.6B | $3.5B | $3.3B |
| Net income | $2.9B | $2.8B | $1.8B |
| EPS (diluted) | $9.11 | $8.89 | $5.62 |
| Free cash flow | $2.6B | $2.0B | $3.2B |
| Diluted shares | 316.8M | 316.8M | 316.8M |
Source: Yahoo Finance. EPS and share counts are split-adjusted.
What's priced into HONA?
A reverse DCF asks what growth the current price requires. With an enterprise value of $66.9B and $3.2B of trailing free cash flow, Honeywell Aerospace needs to grow free cash flow about 11.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 11.0% a year over the last five years.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
HONA analyst price targets
15 analysts' average 12-month target is $199.20 (+22% vs. $163.31). Targets range from $160.00 to $256.00. 35% rate it a buy.
HONA earnings
Next report: October 28, 2026. Last quarter's revenue was $4.5B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $2.12 | $1.87 | -11.8% |
Stocks like HONA
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
 RTX RTX | -1.90% | +8% | $257.8B | 31.1x | Compare |
 BA Boeing | +0.43% | -14% | $148.9B | 67.3x | Compare |
 LMT Lockheed Martin | +2.42% | +27% | $139.6B | 21.5x | Compare |
 GD General Dynamics | -0.41% | +4% | $94.5B | 21.3x | Compare |
 NOC Northrop Grumman | -0.16% | -7% | $78.3B | 17.4x | Compare |
 HWM Howmet Aerospace | -3.82% | -7% | $74.1B | 40.1x | Compare |
 TDG Transdigm | -3.23% | -18% | $61.1B | 33.5x | Compare |
HONA news
- Honeywell Aerospace Earnings Preview: What to Expect · Oct 23, 2026
- What Makes Honeywell Aerospace (HONA) a Durable Competitive Bet? · Oct 23, 2026
- Is Honeywell Aerospace (HONA) Undervalued Following Its Securities Lawsuit And Share Price Drop? · Oct 23, 2026
- Honeywell Aerospace (HONA) Stock Looks Below Fair Value on Cash Flow · Oct 23, 2026
- Honeywell Aerospace (HONA) vs. GE and RTX: Can a High-Margin Aerospace Platform Deliver a Post-Spin-Off Re-Rating? · Oct 22, 2026
HONA stock FAQ
What is HONA's market cap?
Honeywell Aerospace's market capitalization is $51.76 billion as of October 23, 2026, ranking 228th in the S&P 500.
What is HONA's P/E ratio?
HONA trades at a trailing price-to-earnings ratio of 49.8x and a forward P/E of 18.3x. Its median P/E over the period we track is 29.1x.
Does HONA pay a dividend?
No. Honeywell Aerospace does not currently pay a regular cash dividend.
Is HONA stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Honeywell Aerospace must grow free cash flow about 12% a year for the next decade. Its free cash flow grew 11% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the HONA price target?
15 analysts cover HONA with an average 12-month price target of $199.20, +22% from the current price. 35% of them rate it a buy.
When does HONA report earnings?
Honeywell Aerospace is expected to report earnings on October 28, 2026.
How many employees does Honeywell Aerospace have?
Honeywell Aerospace has about 30,000 full-time employees, or $597,167 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology