HWM vs HON Stock Comparison

Howmet Aerospace and Honeywell International Prices as of Oct 23, 2026 Peers: Industry group
HWM Howmet Aerospace Inc.
$185.88 -18.7% 1M -7.1% 1Y
Market cap
$77.71B
P/E
41.6x
Revenue (TTM)
$9.12B
Div. yield
0.00%
Commercial Aerospace Industrials
6 wins

Head to Head

12 decided of 12

Howmet Aerospace leads on 6 of the 12 questions below (Howmet Aerospace 6, Honeywell International 6). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHWMHONLeader
Larger companyMarket capitalisation $77.71B $69.50B HWM
Cheaper on earningsLower P/E, profitable companies only 41.6x 8.5x HON
Cheaper on forward earningsLower price / next fiscal year consensus EPS 35.8x 28.1x HON
Faster revenue growthRevenue growth, trailing twelve months +18.1% +5.0% HWM
More profitableNet margin, trailing twelve months 20.5% 21.6% HON
Better return on capitalReturn on invested capital 19.4% 12.3% HWM
Less leveragedLower net debt / EBITDA 1.4x 2.7x HWM
Higher dividend yieldTrailing dividend yield 0.00% 0.04% HON
Better 1-year returnPrice return, last 12 months -7.1% +6.3% HON
Better 5-year returnAnnualised price return, 5 years +43.6%/yr +1.5%/yr HWM
Less volatileAnnualised volatility, 1 year 34.9% 25.4% HON
Higher overall scoreMean of the five percentile scores vs peers 74/100 57/100 HWM

Percentile Scorecard

HWMHON

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

AxisHWMHON
Valuation 39 #61 of 100 88 #13 of 100
Growth 90 #11 of 97 34 #64 of 97
Profitability 98 #3 of 96 91 #10 of 96
Financial Health 50 #54 of 106 18 #87 of 106
Shareholder Returns 92 #6 of 65 56 #29 of 65
Overall 74 57
  • HWM ranked among 107 companies in Aerospace and Defense
  • HON ranked among 107 companies in Aerospace and Defense

Price Performance

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

Returns

PeriodHWMHONSPY
1 month -18.7%+4.0% -1.0%
3 months -35.8%-9.0% +2.9%
6 months -23.3%+3.7% +6.4%
Year to date -9.3%+13.4% +11.4%
1 year -7.1%+6.3% +13.1%
3 years +327.3%+29.3% +79.4%
3 years, per year +62.3%+9.0% +21.5%
5 years +510.2%+7.9% +67.7%
5 years, per year +43.6%+1.5% +10.9%
10 years —+124.7% +255.2%
10 years, per year —+8.4% +13.5%

Risk

MeasureHWMHONSPY
Volatility, 1Y 34.9%25.4% 12.7%
Downside volatility, 1Y 36.4%24.3% 12.7%
Beta vs S&P 500, 1Y 1.080.74 1.00
Return / volatility, 1Y -0.200.25 1.03
Max drawdown, 5Y -36.5%-26.7% -25.4%
From 52-week high -36.5%-11.1% -2.5%
52-week high $292.71$248.79 $779.14
52-week low $185.88$188.14 $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.

MultipleHWMHON
P/E now vs peer median 39.8xmedian 26.2x 8.5xmedian 26.2x
P/S now vs peer median 8.2xmedian 2.9x 1.8xmedian 2.9x
EV/EBITDA now vs peer median 28.0xmedian 14.7x 10.2xmedian 14.7x
P/FCF now vs peer median 41.5xmedian 24.9x 17.5xmedian 24.9x
P/B now vs peer median 13.0xmedian 2.4x 3.7xmedian 2.4x
PEG now vs peer median 0.73median 0.92 0.51median 0.92

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 monthsHWMHON
Revenue $9.12B $38.06B
Gross profit $3.29B $15.14B
Operating income $2.50B $7.92B
Net income $1.87B $8.22B
Free cash flow $1.79B $4.01B
R&D $37.00M $1.91B
EPS (diluted) $4.65 $25.78
Cash & equivalents $563.00M $8.75B
Total debt $20.67B $34.01B
Shares (diluted) 402.00M 318.60M
Enterprise value $73.31B $21.62B

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
MetricHWMHON
P/E 39.8x 8.5x
P/FCF 41.5x 17.5x
P/Operating cash flow 33.5x 13.7x
P/S 8.2x 1.8x
P/B 13.0x 3.7x
P/Tangible book 15.3x 5.6x
EV/EBITDA 28.0x 10.2x
EV/EBIT 31.4x 12.0x
EV/Revenue 8.6x 2.5x
EV/FCF 43.7x 23.7x
EV/Operating cash flow 35.3x 18.5x
PEG (3Y EPS CAGR) 0.73 0.51

Growth

14 metrics
MetricHWMHON
Revenue growth (1Y) 18.1% 5.0%
Revenue CAGR (3Y) 13.7% 1.7%
Gross profit growth (1Y) 30.2% -0.3%
Gross profit CAGR (3Y) 25.3% 3.5%
Operating income growth (1Y) 32.6% -5.3%
Operating income CAGR (3Y) 34.8% 3.6%
Net income growth (1Y) 33.9% 43.3%
Net income CAGR (3Y) 52.1% 14.5%
EPS growth (1Y) 35.4% 44.5%
EPS CAGR (3Y) 54.1% 16.6%
Operating cash flow growth (1Y) 56.1% -17.4%
Operating cash flow CAGR (3Y) 42.2% 0.6%
Free cash flow growth (1Y) 75.9% -25.7%
Free cash flow CAGR (3Y) 45.6% -1.3%

Profitability

14 metrics
MetricHWMHON
Gross margin 36.0% 39.8%
EBITDA margin 30.7% 24.4%
Operating margin 27.4% 20.8%
Pretax margin 25.0% 26.6%
Net margin 20.5% 21.6%
FCF margin 19.6% 10.5%
Operating cash flow margin 24.4% 13.4%
Return on equity 33.3% 49.0%
Return on assets 14.2% 10.9%
Return on invested capital 19.4% 12.3%
Return on capital employed 23.0% 15.1%
Asset turnover 0.7x 0.5x
Cash conversion (OCF / net income) 1.2x 0.6x
Stock comp / revenue 1.0% 0.5%

Financial Health

11 metrics
MetricHWMHON
Debt / assets 34.0% 44.0%
Debt / equity 0.8x 1.8x
Net debt / EBITDA 1.4x 2.7x
Debt / FCF 2.5x 8.5x
Liabilities / assets 56.7% 75.6%
Equity / assets 43.3% 24.4%
Interest coverage – 5.5x
Current ratio 1.8x 1.2x
Quick ratio 0.7x 0.9x
Cash ratio 0.2x 0.4x
Altman Z-score 7.95 2.64

Shareholder Returns

7 metrics
MetricHWMHON
Dividend yield 0.3% 3.5%
Net buyback yield 1.3% 1.2%
Shareholder yield 1.6% 4.8%
Payout ratio (earnings) 10.4% 37.4%
Payout ratio (FCF) 10.9% 76.6%
Dividend growth (1Y) 30.0% 4.7%
Dividend CAGR (3Y) 47.3% 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.

ConsensusHWMHON
Forward P/E 35.8xFY2026 28.1xFY2026
EPS, next fiscal year $5.19FY2026 $7.87FY2026
EPS growth, next FY +37.7%FY2026 -23.2%FY2026
EPS growth, the year after +31.2% +20.7%
Revenue, next fiscal year $10.37BFY2026 $20.60BFY2026
Revenue growth, next FY +25.7%FY2026 -45.0%FY2026
Revenue growth, the year after +15.9% +4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHWMHON
Held by institutions 91.0% 76.8%
Institutions holding 1,600 2,168
Change in shares held, QoQ +0.7% -0.9%
Institutions buying 907 2,107
Institutions selling 484 53
Buyers to sellers 1.87 39.75

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.

HWMHON
HWM 1.00 0.33
HON 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HWM and HON?

Howmet Aerospace (HWM) is the largest by market capitalisation: Howmet Aerospace (HWM) $77.71B, Honeywell International (HON) $69.50B.

Which stock is cheaper, HWM and HON?

Honeywell International (HON) trades on the lowest price-to-earnings ratio (Howmet Aerospace (HWM) 41.6x, Honeywell International (HON) 8.5x). On next year's consensus earnings, Honeywell International (HON) is cheapest (Howmet Aerospace (HWM) 35.8x, Honeywell International (HON) 28.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Howmet Aerospace (HWM) grew revenue fastest over the trailing twelve months: Howmet Aerospace (HWM) +18.1%, Honeywell International (HON) +5.0%.

Which company is more profitable?

Honeywell International (HON) has the highest net margin (Howmet Aerospace (HWM) 20.5%, Honeywell International (HON) 21.6%). On return on invested capital, Howmet Aerospace (HWM) leads (Howmet Aerospace (HWM) 19.4%, Honeywell International (HON) 12.3%).

Which stock has performed better?

Over the past year Honeywell International (HON) returned the most: Howmet Aerospace (HWM) -7.1%, Honeywell International (HON) +6.3%. Over five years, Howmet Aerospace (HWM) compounded fastest (Howmet Aerospace (HWM) +43.6%/yr, Honeywell International (HON) +1.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Honeywell International (HON) has the highest dividend yield: Howmet Aerospace (HWM) 0.00%, Honeywell International (HON) 0.04%.

Which stock is riskier?

By one-year price volatility, Honeywell International (HON) has been the steadiest (Howmet Aerospace (HWM) 34.9%, Honeywell International (HON) 25.4%). Volatility measures how widely the price swings, not the risk of the business.

Do HWM and HON move together?

Their daily returns over the past year have a correlation of 0.33, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, HWM and HON?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Howmet Aerospace (HWM) leads on 6. 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.