HON vs TDG vs BA Stock Comparison

Honeywell International, TransDigm and Boeing Prices as of Nov 2, 2026 Peers: Industry group
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TDG TransDigm Group INC
$1,213.50 +11.3% 1M -7.3% 1Y
Market cap
$67.08B
P/E
36.4x
Revenue (TTM)
$10.01B
Div. yield
–
Commercial Aerospace Industrials
3 wins
BA Boeing Co
$175.43 -9.4% 1M -12.7% 1Y
Market cap
$139.02B
P/E
19.0x
Revenue (TTM)
$94.91B
Div. yield
–
Commercial Aerospace Industrials
4 wins

Head to Head

11 decided of 12

Boeing leads on 4 of the 12 questions below (Boeing 4, Honeywell International 4, TransDigm 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHONTDGBALeader
Larger companyMarket capitalisation $70.92B $67.08B $139.02B BA
Cheaper on earningsLower P/E, profitable companies only 8.6x 36.4x 19.0x HON
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.1x 27.6x — TDG
Faster revenue growthRevenue growth, trailing twelve months +5.0% +16.6% +17.5% BA
More profitableNet margin, trailing twelve months 21.6% 19.1% 7.7% HON
Better return on capitalReturn on invested capital 12.3% 15.5% 18.2% BA
Less leveragedLower net debt / EBITDA 2.7x 6.1x 2.1x BA
Higher dividend yieldTrailing dividend yield 3.50% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +11.1% -7.3% -12.7% HON
Better 5-year returnAnnualised price return, 5 years +1.3%/yr +14.3%/yr -3.8%/yr TDG
Less volatileAnnualised volatility, 1 year 25.5% 28.0% 35.6% HON
Higher overall scoreMean of the five percentile scores vs peers 57/100 65/100 57/100 TDG

Percentile Scorecard

HONTDGBA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHONTDGBA
Valuation 89 #12 of 101 50 #51 of 101 64 #37 of 101
Growth 31 #68 of 98 66 #34 of 98 87 #14 of 98
Profitability 91 #10 of 97 96 #5 of 97 66 #34 of 97
Financial Health 18 #88 of 107 19 #87 of 107 12 #94 of 107
Shareholder Returns 56 #29 of 64 94 #5 of 64 –
Overall 57 65 57
  • HON ranked among 108 companies in Aerospace and Defense
  • TDG ranked among 108 companies in Aerospace and Defense
  • BA ranked among 108 companies in Aerospace and Defense

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHONTDGBASPY
1 month +4.6%+11.3%-9.4% -2.3%
3 months -9.3%-5.7%-24.9% -0.7%
6 months +6.8%+5.5%-20.7% +4.8%
Year to date +14.7%-8.7%-19.2% +10.3%
1 year +11.1%-7.3%-12.7% +10.3%
3 years +25.6%+37.6%-10.1% +73.0%
3 years, per year +7.9%+11.2%-3.5% +20.1%
5 years +6.6%+94.8%-17.8% +61.9%
5 years, per year +1.3%+14.3%-3.8% +10.1%
10 years +128.4%+356.5%+24.6% +258.6%
10 years, per year +8.6%+16.4%+2.2% +13.6%

Risk

MeasureHONTDGBASPY
Volatility, 1Y 25.5%28.0%35.6% 12.8%
Downside volatility, 1Y 24.4%29.4%34.8% 12.8%
Beta vs S&P 500, 1Y 0.760.741.11 1.00
Return / volatility, 1Y 0.44-0.26-0.36 0.80
Max drawdown, 5Y -26.7%-33.6%-50.3% -25.4%
From 52-week high -10.1%-16.3%-30.4% -3.5%
52-week high $248.79$1,450.00$252.15 $779.14
52-week low $188.14$1,076.01$167.12 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHONTDGBA
P/E now vs peer median 8.6xmedian 26.9x 36.4xmedian 26.9x 19.0xmedian 26.9x
P/S now vs peer median 1.9xmedian 2.9x 6.7xmedian 2.9x 1.5xmedian 2.9x
EV/EBITDA now vs peer median 10.3xmedian 14.7x 19.3xmedian 14.7x 13.7xmedian 14.7x
P/FCF now vs peer median 17.7xmedian 27.6x 34.8xmedian 27.6x 8,689xmedian 27.6x
P/B now vs peer median 3.8xmedian 2.5x -6.8xmedian 2.5x 21.2xmedian 2.5x
PEG now vs peer median 0.52median 0.91 1.72median 0.91 0.33median 0.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHONTDGBA
Revenue $38.06B $10.01B $94.91B
Gross profit $15.14B $5.96B $8.94B
Operating income $7.92B $4.61B $9.74B
Net income $8.22B $2.13B $7.66B
Free cash flow $4.01B $1.93B $16.00M
R&D $1.91B – $3.62B
EPS (diluted) $25.78 $33.29 $9.22
Cash & equivalents $8.75B $2.77B $9.50B
Total debt $34.01B $33.49B $45.92B
Shares (diluted) 318.60M 57.40M 792.90M
Enterprise value $23.37B $55.17B $47.99B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHONTDGBA
P/E 8.6x 36.4x 19.0x
P/FCF 17.7x 34.8x 8,689x
P/Operating cash flow 13.9x 30.5x 34.7x
P/S 1.9x 6.7x 1.5x
P/B 3.8x -6.8x 21.2x
P/Tangible book 5.7x -4.6x 26.3x
EV/EBITDA 10.3x 19.3x 13.7x
EV/EBIT 12.1x 21.2x 16.9x
EV/Revenue 2.5x 9.8x 1.7x
EV/FCF 23.9x 50.7x 10,264x
EV/Operating cash flow 18.7x 44.5x 40.9x
PEG (3Y EPS CAGR) 0.52 1.72 0.33

Growth

14 metrics
MetricHONTDGBA
Revenue growth (1Y) 5.0% 16.6% 17.5%
Revenue CAGR (3Y) 1.7% 17.0% 7.8%
Gross profit growth (1Y) -0.3% 16.9% 906.6%
Gross profit CAGR (3Y) 3.5% 17.9% 9.1%
Operating income growth (1Y) -5.3% 16.7% 217.8%
Operating income CAGR (3Y) 3.6% 19.4% 107.6%
Net income growth (1Y) 43.3% 10.2% 177.7%
Net income CAGR (3Y) 14.5% 22.8% 67.1%
EPS growth (1Y) 44.5% 10.5% 168.9%
EPS CAGR (3Y) 16.6% 21.1% 58.4%
Operating cash flow growth (1Y) -17.4% 4.5% 208.0%
Operating cash flow CAGR (3Y) 0.6% 22.8% -12.7%
Free cash flow growth (1Y) -25.7% 1.1% 100.3%
Free cash flow CAGR (3Y) -1.3% 22.4% -84.9%

Profitability

14 metrics
MetricHONTDGBA
Gross margin 39.8% 59.6% 9.4%
EBITDA margin 24.4% 50.7% 12.7%
Operating margin 20.8% 46.0% 10.3%
Pretax margin 26.6% 27.4% 8.3%
Net margin 21.6% 19.1% 7.7%
FCF margin 10.5% 19.3% 0.0%
Operating cash flow margin 13.4% 22.0% 4.2%
Return on equity 49.0% – 121.0%
Return on assets 10.9% 8.2% 4.6%
Return on invested capital 12.3% 15.5% 18.2%
Return on capital employed 15.1% 19.6% 17.9%
Asset turnover 0.5x 0.4x 0.6x
Cash conversion (OCF / net income) 0.6x 1.0x 0.5x
Stock comp / revenue 0.5% 1.5% 0.5%

Financial Health

11 metrics
MetricHONTDGBA
Debt / assets 44.0% 125.2% 26.9%
Debt / equity 1.8x -3.4x 7.0x
Net debt / EBITDA 2.7x 6.1x 2.1x
Debt / FCF 8.5x 17.4x 2,870x
Liabilities / assets 75.6% 136.7% 96.2%
Equity / assets 24.4% -36.7% 3.8%
Interest coverage 5.5x 2.5x 4.0x
Current ratio 1.2x 3.0x 1.1x
Quick ratio 0.9x 1.9x 0.3x
Cash ratio 0.4x 1.1x 0.2x
Altman Z-score 2.65 1.80 1.49

Shareholder Returns

7 metrics
MetricHONTDGBA
Dividend yield 3.5% – –
Net buyback yield 1.2% 2.5% –
Shareholder yield 4.7% 2.5% 0.0%
Payout ratio (earnings) 37.4% – –
Payout ratio (FCF) 76.6% – –
Dividend growth (1Y) 4.7% – –
Dividend CAGR (3Y) 3.4% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHONTDGBA
Forward P/E 28.1xFY2026 27.6xFY2026 –
EPS, next fiscal year $7.97FY2026 $44.01FY2026 $-0.99FY2026
EPS growth, next FY -22.2%FY2026 +17.9%FY2026 -183.2%FY2026
EPS growth, the year after +19.4% +7.9% –
Revenue, next fiscal year $20.59BFY2026 $10.01BFY2026 $91.05BFY2026
Revenue growth, next FY -45.0%FY2026 +13.4%FY2026 +1.8%FY2026
Revenue growth, the year after +3.9% +24.4% +18.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHONTDGBA
Held by institutions 76.8% 93.2% 75.6%
Institutions holding 2,172 1,142 2,629
Change in shares held, QoQ -0.9% +1.2% +2.3%
Institutions buying 2,111 585 1,329
Institutions selling 53 368 844
Buyers to sellers 39.83 1.59 1.57

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HONTDGBA
HON 1.00 0.35 0.34
TDG 0.35 1.00 0.37
BA 0.34 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HON, TDG and BA?

Boeing (BA) is the largest by market capitalisation: Honeywell International (HON) $70.92B, TransDigm (TDG) $67.08B, Boeing (BA) $139.02B.

Which stock is cheaper, HON, TDG and BA?

Honeywell International (HON) trades on the lowest price-to-earnings ratio (Honeywell International (HON) 8.6x, TransDigm (TDG) 36.4x, Boeing (BA) 19.0x). On next year's consensus earnings, TransDigm (TDG) is cheapest (Honeywell International (HON) 28.1x, TransDigm (TDG) 27.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Boeing (BA) grew revenue fastest over the trailing twelve months: Honeywell International (HON) +5.0%, TransDigm (TDG) +16.6%, Boeing (BA) +17.5%.

Which company is more profitable?

Honeywell International (HON) has the highest net margin (Honeywell International (HON) 21.6%, TransDigm (TDG) 19.1%, Boeing (BA) 7.7%). On return on invested capital, Boeing (BA) leads (Honeywell International (HON) 12.3%, TransDigm (TDG) 15.5%, Boeing (BA) 18.2%).

Which stock has performed better?

Over the past year Honeywell International (HON) returned the most: Honeywell International (HON) +11.1%, TransDigm (TDG) -7.3%, Boeing (BA) -12.7%. Over five years, TransDigm (TDG) compounded fastest (Honeywell International (HON) +1.3%/yr, TransDigm (TDG) +14.3%/yr, Boeing (BA) -3.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Honeywell International (HON) 3.50%, TransDigm (TDG) 0.00%, Boeing (BA) 0.00%. TransDigm (TDG) and Boeing (BA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Honeywell International (HON) has been the steadiest (Honeywell International (HON) 25.5%, TransDigm (TDG) 28.0%, Boeing (BA) 35.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HON, TDG and BA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Boeing (BA) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.