Which has the lower trailing P/E, HON or NOC?

HON has the lower trailing P/E: HON trades at 8.17 and NOC at 16.22. 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 3.87% and NOC yields 1.84% 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%.

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 September 13, 2026. Differences are shown without an overall score or investment verdict.

HON

Honeywell International Inc.

$66.65B

$210.29IndustrialsDelayed quote: Sep 28, 2026, 11:55 AM EDT

NOC

Northrop Grumman Corporation

$72.54B

$510.63IndustrialsDelayed quote: Sep 28, 2026, 11:55 AM EDT

Total return — HON vs NOC

growth of $100 · dividends reinvested · last 10y

HON +183.2% (+11.0%/yr)NOC +187.4% (+11.1%/yr)NOC compounded faster over this window

HON NOC

HON vs NOC: by the numbers

•NOC is the larger company ($72.54B vs $66.65B market cap).
•HON trades at the lower trailing earnings multiple (8.17 vs 16.22 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 (3.87% vs 1.84%).

Metrics side by side

Valuation

Metric	HON	NOC
P/E ratio	8.17	16.22
Forward P/E	25.26	17.65
P/S ratio	1.84	1.69
P/B ratio	2.64	4.06
EV / EBITDA	14.43	14.69
FCF yield	6.18%	5.03%

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	6.63%	9.97%

Dividends

Metric	HON	NOC
Dividend yield	3.87%	1.84%
Payout ratio	30.45%	30.37%

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)	2.41%	9.71%

Frequently asked

Which has the lower trailing P/E, HON or NOC?: HON has the lower trailing P/E: HON trades at 8.17 and NOC at 16.22. 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 3.87% and NOC yields 1.84% 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%.

Go deeper

Full HON analysis Full NOC analysis Interactive comparison tool

Dig into the metrics

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

Honeywell International & Northrop Grumman appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Lowest P/E Ratio 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 September 13, 2026.