Honeywell Aerospace inc. (HONA) vs Northrop Grumman Corporation (NOC)

Honeywell Aerospace inc. and Northrop Grumman Corporation are both Aerospace & Defense companies. Northrop Grumman Corporation is the larger, with a market value of $79.9B against $50.7B — 1.6× the size. Across the 3 metrics below, Honeywell Aerospace inc. leads on 2 and Northrop Grumman Corporation on 1.

Valuation

Metric HONA NOC Aerospace & Defense median
P/E — 17.73 32.30
P/S — 1.85 3.38
P/B n/m 4.44 2.87
Price to free cash flow — 21.79 31.68
EV/EBITDA n/m 14.96 18.91
EV/Sales n/m 2.13 3.33
Earnings yield — 5.64% 0.95%
Free cash flow yield — 4.59% (0.02%)

Profitability

Metric HONA NOC Aerospace & Defense median
Gross margin — 20.06% 25.48%
Operating margin — 10.72% 2.45%
Net margin — 10.48% 1.96%
Free cash flow margin — 8.50% 0.00%
Return on equity — 26.96% 4.20%
Return on assets — 8.97% 1.29%
Return on invested capital 0.00% 9.58% 0.25%

Growth

Metric HONA NOC Aerospace & Defense median
Revenue growth (TTM) — 5.90% 18.08%
EPS growth (last fiscal year) — 2.61% 24.80%
Revenue growth, 5-year CAGR — 2.66% 9.73%
Net income growth, 5-year CAGR — 5.57% 0.00%

Health

Metric HONA NOC Aerospace & Defense median
Debt to equity (2.82) 0.81 0.20
Current ratio 1.53 1.17 2.85
Net debt to EBITDA — 1.80 1.32

Dividend

Metric HONA NOC Aerospace & Defense median
Dividend yield — 1.71% 1.00%
Payout ratio — 0.30 0.32

Size

Metric HONA NOC Aerospace & Defense median
Market cap 50.74b 79.89b 2.17b

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