NASDAQ · HONA

Honeywell Aerospace Inc

Industrials · Aerospace & Defense

$167.89▲ 2.80% ($4.58)today

As of 12:12 PM ET

52-week

$149.19$297.50

Market cap

$53.21B

P/E

29.88

EPS (FY2025)

$5.62

Next earnings

Valuation

Earnings power value

Zero-growth earnings power / share · Zero-growth base

$159.30

−5%

−5%vs price used $167.89

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 26, 4:12 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 26, 4:12 PM UTC

What is this business worth assuming zero future growth?

Applicable

EPV Is Applicable

Stable, profitable, non-growth-driven earnings. EPV provides a reliable baseline valuation for the business as it stands today.

Conservative

$116.77

WACC: 7.5% (+2%)

Base Case

$159.30

WACC: 5.5% · Base sensitivity

Optimistic

$250.41

WACC: 3.5% (−2%)

EPV / Share

$159.30

-5.12% vs price

Price used

$167.89

Valuation reference price

Upside / Downside

-5.12%

Near EPV

Normalized EBIT

$3.51B

median

WACC

5.5%

CAPM-derived

Implied Growth

—

N/A

Tax Rate

18.14%

effective rate

EPV / Capital

6.0×

Strong Earnings Premium

10Y FCFF CAGR

—

N/A

FCFF Conversion

—

N/A

About EPV

Earnings Power Value (Greenwald) asks: what is this business worth if it never grows again? It capitalizes normalized after-tax operating earnings at the cost of capital. EPV is best used as a baseline for stable, mature businesses — not as a ceiling or guaranteed floor, since business conditions may change. Compare it to asset value: if EPV significantly exceeds accounting book capital, that gap is consistent with competitive advantage, though a single snapshot cannot confirm how wide or durable it is.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

Note: The latest financial period used here ended about 10 months ago, so a newer report is probably out. Metrics shown may not reflect it.

Since listing: -16.03%Revenue (FY2025 vs FY2024): 12.68%

What changed

The stock fell 16.03% over the 4 months since listing. Revenue grew 12.68% in FY2025 versus FY2024. Operating margin moved from 22.72% to 18.71% (FY2025 versus FY2024).

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 18.71%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Monthly returns

A year-by-year view of returns and the patterns behind them.

View as

Company profile

Honeywell Aerospace, Inc. engages in the provision of aerospace and defense critical systems and technologies.

CEOJames Currier

SectorIndustrials

IndustryAerospace & Defense

Employees30,000

IPO dateJun 29, 2026

http://www.honeywellaerospace.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)17.68

Enterprise value (FY2025 year-end)$63.42B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth (Q2 FY26 YoY)5.43%

Gross margin (FY2025)34.84%▼0.8ppvs FY2024

Operating margin (FY2025)18.71%▼4.0ppvs FY2024

ROE (TTM to Jun 2026)N/A

Analyst consensus

RatingHold

Target price$207.92▲23.84%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Oct 28, 2026

Q3 FY26 · EPS est $1.87 · Revenue est $4.6B

Earnings history is still populating for this ticker.

Institutional Sentiment

Honeywell Aerospace Inc · HONA

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.

NASDAQ · HONA

Honeywell Aerospace Inc

Industrials · Aerospace & Defense

$167.89▲ 2.80% ($4.58)today

As of 12:12 PM ET

52-week

$149.19$297.50

Market cap

$53.21B

P/E

29.88

EPS (FY2025)

$5.62

Next earnings

Valuation

Earnings power value

Zero-growth earnings power / share · Zero-growth base

$159.30

−5%

−5%vs price used $167.89

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 26, 4:12 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 26, 4:12 PM UTC

What is this business worth assuming zero future growth?

Applicable

EPV Is Applicable

Stable, profitable, non-growth-driven earnings. EPV provides a reliable baseline valuation for the business as it stands today.

Conservative

$116.77

WACC: 7.5% (+2%)

Base Case

$159.30

WACC: 5.5% · Base sensitivity

Optimistic

$250.41

WACC: 3.5% (−2%)

EPV / Share

$159.30

-5.12% vs price

Price used

$167.89

Valuation reference price

Upside / Downside

-5.12%

Near EPV

Normalized EBIT

$3.51B

median

WACC

5.5%

CAPM-derived

Implied Growth

—

N/A

Tax Rate

18.14%

effective rate

EPV / Capital

6.0×

Strong Earnings Premium

10Y FCFF CAGR

—

N/A

FCFF Conversion

—

N/A

About EPV

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

Note: The latest financial period used here ended about 10 months ago, so a newer report is probably out. Metrics shown may not reflect it.

Since listing: -16.03%Revenue (FY2025 vs FY2024): 12.68%

What changed

The stock fell 16.03% over the 4 months since listing. Revenue grew 12.68% in FY2025 versus FY2024. Operating margin moved from 22.72% to 18.71% (FY2025 versus FY2024).

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 18.71%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Monthly returns

A year-by-year view of returns and the patterns behind them.

View as

Company profile

Honeywell Aerospace, Inc. engages in the provision of aerospace and defense critical systems and technologies.

CEOJames Currier

SectorIndustrials

IndustryAerospace & Defense

Employees30,000

IPO dateJun 29, 2026

http://www.honeywellaerospace.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)17.68

Enterprise value (FY2025 year-end)$63.42B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth (Q2 FY26 YoY)5.43%

Gross margin (FY2025)34.84%▼0.8ppvs FY2024

Operating margin (FY2025)18.71%▼4.0ppvs FY2024

ROE (TTM to Jun 2026)N/A

Analyst consensus

RatingHold

Target price$207.92▲23.84%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Oct 28, 2026

Q3 FY26 · EPS est $1.87 · Revenue est $4.6B

Earnings history is still populating for this ticker.

Institutional Sentiment

Honeywell Aerospace Inc · HONA

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.