Is HON or NOC cheaper?

On trailing earnings, NOC is cheaper: HON trades at a 16.13 P/E and NOC at 15.52.

Which has grown faster, HON or NOC?

Over the past five years, NOC grew revenue faster — HON at a 2.42% CAGR versus NOC at 2.56%.

Does HON or NOC pay a bigger dividend?

HON yields 2.19% and NOC yields 1.99% based on trailing dividends and the latest price.

Is HON or NOC more profitable?

HON runs the higher net margin — HON at 11.16% versus NOC at 10.80%.

Which has been the better investment, HON or NOC?

Over the past 10-year, NOC delivered the higher annualized total return — HON at 2.67% versus NOC at 10.37%. Past performance doesn't predict future results.

Honeywell International Inc. (HON) vs Northrop Grumman Corporation (NOC)

NOC leads on 10 of 16 compared metrics.

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 June 30, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

HON

Honeywell International Inc.

$72.17B

$227.80Industrials

NOC

Northrop Grumman Corporation

$70.45B

$496.02Industrials

Total return — HON vs NOC

growth of $100 · last 30y

HON +314.3%NOC +1505.2%NOC compounded faster

HON NOC

HON vs NOC: by the numbers

•HON is the larger company ($72.17B vs $70.45B market cap).
•NOC trades at the lower earnings multiple (15.52 vs 16.13 P/E).
•HON converts more revenue to profit (11.16% vs 10.80% net margin).
•NOC grew revenue faster over the past five years (2.56% vs 2.42% CAGR).
•HON pays the higher dividend yield (2.19% vs 1.99%).

Which is better, HON or NOC?

Metric tally: HON 6 · NOC 10

It depends on what you're optimizing for:

ValueNOC(lower P/E)

GrowthNOC(faster 5Y revenue CAGR)

IncomeHON(higher dividend yield)

Metrics side by side

Valuation

Metric	HON	NOC
P/E ratio	16.13	15.52●
Forward P/E	19.88	16.46●
P/S ratio	1.98	1.67●
P/B ratio	3.41●	4.13
PEG ratio	9.27	7.41●
EV / EBITDA	14.25	13.81●
FCF yield	5.66%●	4.68%

Profitability

Metric	HON	NOC
Gross margin	36.95%●	20.52%
Operating margin	14.87%●	11.08%
Net margin	11.16%●	10.80%
ROE	19.24%	26.74%●
ROIC	9.22%	9.21%

Dividends

Metric	HON	NOC
Dividend yield	2.19%●	1.99%
Payout ratio	33.71%	33.91%

Growth (annualized)

Metric	HON	NOC
Revenue CAGR (5Y)	2.42%	2.56%●
EPS CAGR (5Y)	1.74%	8.84%●
FCF CAGR (5Y)	-4.80%	-3.15%●
Total return CAGR (5Y)	-10.26%	8.34%●

Frequently asked

Which is better, HON or NOC?: It depends on your goal. value: NOC (lower P/E); growth: NOC (faster 5Y revenue CAGR); income: HON (higher dividend yield). Across all compared metrics, NOC leads 10 to 6.
Is HON or NOC cheaper?: On trailing earnings, NOC is cheaper: HON trades at a 16.13 P/E and NOC at 15.52.
Which has grown faster, HON or NOC?: Over the past five years, NOC grew revenue faster — HON at a 2.42% CAGR versus NOC at 2.56%.
Does HON or NOC pay a bigger dividend?: HON yields 2.19% and NOC yields 1.99% based on trailing dividends and the latest price.
Is HON or NOC more profitable?: HON runs the higher net margin — HON at 11.16% versus NOC at 10.80%.
Which has been the better investment, HON or NOC?: Over the past 10-year, NOC delivered the higher annualized total return — HON at 2.67% versus NOC at 10.37%. Past performance doesn't predict future results.

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

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 30, 2026.