Honeywell Aerospace spun out of Honeywell Technologies in mid-2026 to focus on commercial aerospace and defense manufacturing and development. The firm's electronic solutions segment provides avionics, sensors, navigation, communications and aerial defense systems.
It is a $53.1B industrial company. Revenue grew 12.7% over the last year, it keeps 13¢ of every dollar of sales as profit, and its net debt equals ~7.8 years of free cash flow. It trades at 14.5× earnings.
- Website
- honeywellaerospace.com
- Location
- Phoenix, AZ
- Sector
- Industrials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality and moat; Valuation and Growth lag behind.
Valuation47
- P/E vs own history90th pct · 0/25
- FCF yield3.7% · 12/25
- P/S2.0x · 25/25
- EV/EBITDAn/a · 10/25
Growth20
- Revenue CAGR12.3% · 20/25
- Net income CAGR-3.5% · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth-25.9% · 0/25
Profitability65
- ROIC28.4% · 25/25
- ROEn/a · 0/25
- Net margin12.6% · 20/25
- Operating margin17.2% · 20/25
Health61
- Altman Z3.00 · 18/25
- Current ratio1.53 · 18/25
- Interest coverageno interest expense · 25/25
- Net cash / debtD/A 78% · 0/25
Quality87
- Piotroski F6/9 · 15/25
- Beneish M-5.38 · 25/25
- FCF conversion92% · 22/25
- Margin stabilityσ 2.5% · 25/25
Moat88
- ROIC >12% years3/3 yrs · 25/25
- Median gross margin35.6% · 13/25
- FCF-positive years3/3 yrs · 25/25
- Worst-year net marginworst 15.4% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialProfitable every year on record3 consecutive profitable years in our data
- FY2023FinancialRevenue already above $10B$13.8B in first reported year
- FY2023FinancialBest year on record$2.89B net income
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 12.7% year over year
- High returns on invested capital (ROIC 28.4%)
- Altman Z-Score 3.00 — low bankruptcy-risk zone
Watch-outs
- Net debt would take ~8.4 years of free cash flow to repay
- Net debt equals ~7.8 years of free cash flow
- Short reporting history — trends are less reliable
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+12.7% YoY
- Profitable — makes more than it spends$2.79B TTM
- Profit growing — earnings are higher than last year-4.6% YoY
- Generates cash — cash left after running and investing$1.94B TTM
- Debt under control — could handle its obligations~7.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$53.1B market cap
- Proven track record — years of profitability behind it3/3 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.0 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 14.5
Peer comparisonHoneywell Aerospace Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| HONA this company | $53.1B | 14.5 | +12.7% | 12.6% | Solid |
| CAT Caterpillar Inc. | $335.3B | 30.9 | +18.4% | 14.5% | Solid |
| LRCX Lam Research Corp | $330.1B | 46.8 | +26.0% | 31.3% | Strong |
| RTX RTX Corporation | $261.6B | 32.4 | +11.8% | 8.3% | Mixed |
| DE Deere & Company | $173.0B | 35.9 | +8.3% | 10.2% | Solid |
| UNP Union Pacific Corp. | $171.7B | 23.3 | +4.2% | 28.8% | Mixed |
| ETN Eaton Corporation, plc | $151.1B | 39.7 | +15.5% | 12.8% | Solid |
Head-to-head: HONA vs CAT · HONA vs LRCX · HONA vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2023–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/HONA
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of HONA on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $167.51 · market cap $53.1B.