Is HON or LMT cheaper?

On trailing earnings, LMT is cheaper: HON trades at a 31.21 P/E and LMT at 26.17.

Which has grown faster, HON or LMT?

Over the past five years, LMT grew revenue faster — HON at a 2.42% CAGR versus LMT at 2.62%.

Does HON or LMT pay a bigger dividend?

HON yields 2.13% and LMT yields 2.53% based on trailing dividends and the latest price.

Is HON or LMT more profitable?

HON runs the higher net margin — HON at 11.16% versus LMT at 6.38%.

Which has been the better investment, HON or LMT?

Over the past 10-year, LMT delivered the higher annualized total return — HON at 9.42% versus LMT at 11.34%. Past performance doesn't predict future results.

Honeywell International Inc. (HON) vs Lockheed Martin Corporation (LMT)

LMT leads on 11 of 16 compared metrics.

A side-by-side comparison of Honeywell International Inc. and Lockheed Martin Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

HON

Honeywell International Inc.

$139.60B

$220.31Industrials

LMT

Lockheed Martin Corporation

$124.58B

$540.33Industrials

Total return — HON vs LMT

growth of $100 · last 30y

HON +713.9%LMT +1175.0%LMT compounded faster

HON LMT

HON vs LMT: by the numbers

•HON is the larger company ($139.60B vs $124.58B market cap).
•LMT trades at the lower earnings multiple (26.17 vs 31.21 P/E).
•HON converts more revenue to profit (11.16% vs 6.38% net margin).
•LMT grew revenue faster over the past five years (2.62% vs 2.42% CAGR).
•LMT pays the higher dividend yield (2.53% vs 2.13%).

Which is better, HON or LMT?

Metric tally: HON 5 · LMT 11

It depends on what you're optimizing for:

ValueLMT(lower P/E)

GrowthLMT(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityLMT(higher ROIC)

Valuation

Metric	HON	LMT
P/E ratio	31.21	26.17●
Forward P/E	19.22	16.87●
P/S ratio	3.83	1.66●
P/B ratio	6.60●	16.67
PEG ratio	17.93	—
EV / EBITDA	23.50	17.81●
FCF yield	2.97%	4.54%●

Profitability

Metric	HON	LMT
Gross margin	36.95%●	9.82%
Operating margin	14.87%●	9.88%
Net margin	11.16%●	6.38%
ROE	19.24%	64.00%●
ROIC	9.22%	17.39%●

Dividends

Metric	HON	LMT
Dividend yield	2.13%	2.53%●
Payout ratio	63.51%	63.31%

Growth (annualized)

Metric	HON	LMT
Revenue CAGR (5Y)	2.42%	2.62%●
EPS CAGR (5Y)	1.74%●	-2.44%
FCF CAGR (5Y)	-4.52%	-0.69%●
Total return CAGR (5Y)	1.55%	9.78%●

Frequently asked

Which is better, HON or LMT?: It depends on your goal. value: LMT (lower P/E); growth: LMT (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, LMT leads 11 to 5.
Is HON or LMT cheaper?: On trailing earnings, LMT is cheaper: HON trades at a 31.21 P/E and LMT at 26.17.
Which has grown faster, HON or LMT?: Over the past five years, LMT grew revenue faster — HON at a 2.42% CAGR versus LMT at 2.62%.
Does HON or LMT pay a bigger dividend?: HON yields 2.13% and LMT yields 2.53% based on trailing dividends and the latest price.
Is HON or LMT more profitable?: HON runs the higher net margin — HON at 11.16% versus LMT at 6.38%.
Which has been the better investment, HON or LMT?: Over the past 10-year, LMT delivered the higher annualized total return — HON at 9.42% versus LMT at 11.34%. Past performance doesn't predict future results.

Go deeper

Full HON analysis Full LMT analysis Interactive comparison tool

Dig into the metrics

Honeywell International P/E ratio Lockheed Martin P/E ratio Honeywell International dividend yield Lockheed Martin dividend yield Honeywell International ROE Lockheed Martin ROE Honeywell International operating margin Lockheed Martin operating margin Honeywell International revenue growth Lockheed Martin revenue growth Honeywell International free cash flow Lockheed Martin free cash flow

Honeywell International & Lockheed Martin appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.