Honeywell International Inc. (HON) vs Northrop Grumman Corporation (NOC)
A side-by-side comparison of Honeywell International Inc. and Northrop Grumman Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.
HON
Honeywell International Inc.
$233.15IndustrialsDelayed quote: Aug 14, 2026, 10:45 AM EDT
NOC
Northrop Grumman Corporation
$581.98IndustrialsDelayed quote: Aug 14, 2026, 10:45 AM EDT
Total return — HON vs NOC
growth of $100 · dividends reinvested · last 10yHON +219.6% (+12.3%/yr)NOC +209.2% (+12.0%/yr)HON compounded faster over this window
HON NOC
HON vs NOC: by the numbers
- •NOC is the larger company ($82.68B vs $73.89B market cap).
- •HON trades at the lower trailing earnings multiple (8.66 vs 18.26 P/E), one valuation lens rather than an overall verdict.
- •HON converts more revenue to profit (22.73% vs 10.48% net margin).
- •NOC grew revenue faster over the past five years (2.67% vs 1.25% CAGR).
- •HON pays the higher dividend yield (4.32% vs 1.64%).
Metrics side by side
Valuation
| Metric | HON | NOC |
|---|---|---|
| P/E ratio | 8.66 | 18.26 |
| Forward P/E | 28.12 | 19.93 |
| P/S ratio | 2.07 | 1.91 |
| P/B ratio | 2.96 | 4.58 |
| EV / EBITDA | 14.85 | 16.27 |
| FCF yield | 5.52% | 4.45% |
Profitability
| Metric | HON | NOC |
|---|---|---|
| Gross margin | 36.57% | 20.06% |
| Operating margin | 14.09% | 10.18% |
| Net margin | 22.73% | 10.48% |
| ROE | 32.56% | 25.14% |
| ROIC | 9.22% | 9.21% |
Dividends
| Metric | HON | NOC |
|---|---|---|
| Dividend yield | 4.32% | 1.64% |
| Payout ratio | 68.24% | 32.26% |
Growth (annualized)
| Metric | HON | NOC |
|---|---|---|
| Revenue CAGR (5Y) | 1.25% | 2.67% |
| EPS CAGR (5Y) | 1.74% | 8.84% |
| FCF CAGR (5Y) | 0.34% | 6.92% |
| Total return CAGR (5Y) | 4.25% | 11.41% |
Frequently asked
- Which has the lower trailing P/E, HON or NOC?
- HON has the lower trailing P/E: HON trades at 8.66 and NOC at 18.26. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, HON or NOC?
- Over the past five years, NOC grew revenue faster — HON at a 1.25% CAGR versus NOC at 2.67%.
- Does HON or NOC pay a bigger dividend?
- HON yields 4.32% and NOC yields 1.64% based on trailing dividends and the latest price.
- Is HON or NOC more profitable?
- HON runs the higher net margin — HON at 22.73% versus NOC at 10.48%.
- How have HON and NOC total returns compared?
- Over the past 10 years, HON delivered 12.43% and NOC delivered 11.95% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Honeywell International P/E ratioNorthrop Grumman P/E ratioHoneywell International dividend yieldNorthrop Grumman dividend yieldHoneywell International ROENorthrop Grumman ROEHoneywell International operating marginNorthrop Grumman operating marginHoneywell International revenue growthNorthrop Grumman revenue growthHoneywell International free cash flowNorthrop Grumman free cash flow
Honeywell International & Northrop Grumman appear in these rankings
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 August 14, 2026.