HONA (Honeywell Aerospace) ROE %: 83.29% (As of Mar. 2026) — 214% Above Median


HONA Honeywell Aerospace Inc HONA
15 GF Score
Price $227.29
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What is Honeywell Aerospace ROE %?

Honeywell Aerospace HONA +2.94% 15 ROE % is 83.29% as of Mar. 2026, which is 214% above its 10-year median of 26.52. GuruFocus rates HONA with a GF Score™ of 15/100. The stock has 4 warning signs investors should review. Among 347 Aerospace & Defense companies, Honeywell Aerospace ranks better than 86.17% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Honeywell Aerospace's annualized net income for the quarter that ended in Mar. 2026 was $2,016 Mil. Honeywell Aerospace's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $2,421 Mil. Therefore, Honeywell Aerospace's annualized ROE % for the quarter that ended in Mar. 2026 was 83.29%.

The historical rank and industry rank for Honeywell Aerospace's ROE % or its related term are showing as below:

HONA' s ROE % Range Over the Past 10 Years
Min: 20.78   Med: 26.52   Max: 32.25
Current: 20.82

During the past 3 years, Honeywell Aerospace's highest ROE % was 32.25%. The lowest was 20.78%. And the median was 26.52%.

HONA's ROE % is ranked better than
86.17% of 347 companies
in the Aerospace & Defense industry
Industry Median: 5.91 vs HONA: 20.82

Honeywell Aerospace  (NAS:HONA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2016/2420.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2016 / 17408)*(17408 / 19524)*(19524 / 2420.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.58 %*0.8916*8.0661
=ROA %*Equity Multiplier
=10.32 %*8.0661
=83.29 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2016/2420.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2016 / 2584) * (2584 / 3260) * (3260 / 17408) * (17408 / 19524) * (19524 / 2420.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7802 * 0.7926 * 18.73 % * 0.8916 * 8.0661
=83.29 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Honeywell Aerospace ROE % Related Terms


Honeywell Aerospace ROE % Historical Data

* Premium members only.

The historical data trend for Honeywell Aerospace's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Honeywell Aerospace ROE % Chart

Honeywell Aerospace Annual Data
Trend Dec23 Dec24 Dec25
ROE %
0.00 32.25 20.78

Honeywell Aerospace Quarterly Data
Dec24 Mar25 Dec25 Mar26
ROE % 0.00 35.58 0.00 83.29

HONA vs NOC, TDG, LHX: ROE % Comparison

For the Aerospace & Defense subindustry, Honeywell Aerospace's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Honeywell Aerospace ROE % vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Honeywell Aerospace's ROE % distribution charts can be found below:

* The bar in red indicates where Honeywell Aerospace's ROE % falls into.


HONA
15GF Score
Honeywell Aerospace Inc HONA
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Honeywell Aerospace ROE % Calculation

Honeywell Aerospace's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=1780/( (8736+8399)/ 2 )
=1780/8567.5
=20.78 %

Honeywell Aerospace's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=2016/( (8399+-3558)/ 2 )
=2016/2420.5
=83.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 83.29% mean?
Honeywell Aerospace (HONA) has a ROE % of 83.29% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Honeywell Aerospace and its competitors. This is 214% above median its historical median of 26.52. Over the past decade, Honeywell Aerospace's ROE % has ranged from 20.78 to 32.25. According to the industry distribution chart, Honeywell Aerospace ranks #48 out of 347 companies in the Aerospace & Defense industry, placing it in the top 13.8%.
Is Honeywell Aerospace's ROE % too high?
Honeywell Aerospace's current ROE % of 83.29% is 214% above median its 10-year median of 26.52. Over the past 10 years, this metric has ranged from a low of 20.78 to a high of 32.25. The Aerospace & Defense industry median ROE % is 5.91. Honeywell Aerospace's value of 83.29% is 1309.3% above this industry median. Based on the distribution chart, Honeywell Aerospace ranks #48 out of 347 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Honeywell Aerospace has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Honeywell Aerospace's ROE % compare to NOC and TDG?
According to the Aerospace & Defense industry distribution chart, Honeywell Aerospace ranks #48 out of 347 companies for ROE %. This places Honeywell Aerospace in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 5.91. Honeywell Aerospace's value of 83.29% is 1309.3% above this benchmark. Historically, Honeywell Aerospace's own ROE % has ranged from 20.78 to 32.25 over the past decade. While the company's 10-year median is 26.52 vs. the industry median of 5.91, Honeywell Aerospace has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Aerospace & Defense company?
The median ROE % among Aerospace & Defense companies is 5.91, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell Aerospace's current ROE % of 83.29% is 1309.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Honeywell Aerospace and its competitors. For the Aerospace & Defense industry, the median ROE % is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Aerospace's current ROE % is 83.29%, which is 214% above median its own 10-year median of 26.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Aerospace stock overvalued right now?
Honeywell Aerospace (HONA) has a current ROE % of 83.29%. The current ROE % is 83.29%, which is 214% above median its 10-year median of 26.52 and 1309.3% above the Aerospace & Defense industry median of 5.91. Honeywell Aerospace's overall GF Score™ is 15/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Honeywell Aerospace (HONA), the current ROE % is 83.29% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Honeywell Aerospace Business Description

Address 1944 E Sky Harbor Cir N, Phoenix, AZ, USA, 85034
Honeywell Aerospace Inc operates as an aerospace and defense supplier of systems and technologies that enable the production, maintenance, and safe operation of aerospace and defense platforms. Its products support original equipment manufacturer (OEM), government, defense prime contractor, and aircraft operator customers across the Commercial Air Transport, Business Aviation, and Defense and Space end markets. The company has three operating segments: Electronic Solutions (ES), Engines & Power Systems (E&PS), and Control Systems (CS ). The majority of revenue is derived from the Electronic Solutions segment, which offers Avionics, Navigation and Sensors, Electromagnetic Defensive Solutions, and Space systems. Geographically, the maximum revenue is generated from the United States.
15GF Score

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