APG
APi Group Corporation
Engineering & Construction
Market Cap$18.45B
5Y Perf.+422.7%
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Side-by-side financial analysisAPG
HON
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Stock Comparison
APG vs HON
Revenue, margins, valuation, and 5-year total return — side by side.
HON
Honeywell International Inc.
Conglomerates
Market Cap$138.85B
5Y Perf.+52.4%
APG vs HON — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  APG |  HON |
|---|---|---|
| Industry | Engineering & Construction | Conglomerates |
| Market Cap | $18.45B | $138.85B |
| Revenue (TTM) | $8.17B | $36.76B |
| Net Income (TTM) | $324M | $4.10B |
| Gross Margin | 29.1% | 36.9% |
| Operating Margin | 6.7% | 14.9% |
| Forward P/E | 25.0x | 21.0x |
| Total Debt | $3.29B | $34.58B |
| Cash & Equiv. | $912M | $12.49B |
APG vs HON — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
APG
HON
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| APi Group Corporati… (APG) | 100 | 522.7 | +422.7% |
| Honeywell Internati… (HON) | 100 | 152.4 | +52.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: APG vs HON
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HON leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. APi Group Corporation is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
🥇HON emerged as the overall leader. Track its performance:
APG
APi Group Corporation
The Growth Play
APG is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 12.7%, EPS growth -23.2%, 3Y rev CAGR 6.5%
- 5.2% 10Y total return vs HON's 134.5%
- Lower volatility, beta 1.23, Low D/E 96.4%, current ratio 1.50x
Best for: growth exposure and long-term compounding
HON
Honeywell International Inc.
The Income Pick
HON carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 8 yrs, beta 0.75, yield 2.1%
- Beta 0.75, yield 2.1%, current ratio 1.32x
- Lower P/E (21.0x vs 25.0x)
Best for: income & stability and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth |  APG | 12.7% revenue growth vs HON's 7.8% |
| Value |  HON | Lower P/E (21.0x vs 25.0x) |
| Quality / Margins | HON | 11.2% margin vs APG's 4.0% |
| Stability / Safety | HON | Beta 0.75 vs APG's 1.23 |
| Dividends | HON | 2.1% yield; 8-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | APG | +33.0% vs HON's -0.9% |
| Efficiency (ROA) | HON | 5.3% ROA vs APG's 3.7%, ROIC 12.6% vs 7.4% |
APG vs HON — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
APG vs HON — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHONLAGGINGAPG
APGAPi Group Corporation
2leads
HONHoneywell Internation…
3leads
6 Total Categories
CATEGORYLEADERvs APGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HON4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
APG5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
APG5/6
Risk & VolatilityBeta, volatility, and downside exposure
HON2/2
Analyst OutlookRatings, price targets, and dividends
HON1/1
Income & Cash Flow (Last 12 Months)
HON leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HON is the larger business by revenue, generating $36.8B annually — 4.5x APG's $8.2B. HON is the more profitable business, keeping 11.2% of every revenue dollar as net income compared to APG's 4.0%. On growth, APG holds the edge at +15.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | APGAPi Group Corpora… | HONHoneywell Interna… |
|---|---|---|
| RevenueTrailing 12 months | $8.2B | $36.8B |
| EBITDAEarnings before interest/tax | $876M | $6.5B |
| Net IncomeAfter-tax profit | $324M | $4.1B |
| Free Cash FlowCash after capex | $680M | $4.2B |
| Gross MarginGross profit ÷ Revenue | +29.1% | +36.9% |
| Operating MarginEBIT ÷ Revenue | +6.7% | +14.9% |
| Net MarginNet income ÷ Revenue | +4.0% | +11.2% |
| FCF MarginFCF ÷ Revenue | +8.3% | +11.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.3% | -6.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +61.5% | -41.9% |
HON leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — APG and HON each lead in 3 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, HON's 20.2x EV/EBITDA is more attractive than APG's 23.6x.
| Metric | APGAPi Group Corpora… | HONHoneywell Interna… |
|---|---|---|
| Market CapShares × price | $18.5B | $138.8B |
| Enterprise ValueMkt cap + debt − cash | $20.8B | $160.9B |
| Trailing P/EPrice ÷ TTM EPS | -61.83x | 29.77x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.96x | 20.96x |
| PEG RatioP/E ÷ EPS growth rate | — | 16.21x |
| EV / EBITDAEnterprise value multiple | 23.64x | 20.23x |
| Price / SalesMarket cap ÷ Revenue | 2.33x | 3.71x |
| Price / BookPrice ÷ Book value/share | 5.21x | 9.12x |
| Price / FCFMarket cap ÷ FCF | 27.83x | 25.75x |
Evenly matched — APG and HON each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
APG leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
HON delivers a 23.1% return on equity — every $100 of shareholder capital generates $23 in annual profit, vs $10 for APG. APG carries lower financial leverage with a 0.96x debt-to-equity ratio, signaling a more conservative balance sheet compared to HON's 2.24x. On the Piotroski fundamental quality scale (0–9), APG scores 8/9 vs HON's 6/9, reflecting strong financial health.
| Metric | APGAPi Group Corpora… | HONHoneywell Interna… |
|---|---|---|
| ROE (TTM)Return on equity | +9.7% | +23.1% |
| ROA (TTM)Return on assets | +3.7% | +5.3% |
| ROICReturn on invested capital | +7.4% | +12.6% |
| ROCEReturn on capital employed | +8.5% | +12.6% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 0.96x | 2.24x |
| Net DebtTotal debt minus cash | $2.4B | $22.1B |
| Cash & Equiv.Liquid assets | $912M | $12.5B |
| Total DebtShort + long-term debt | $3.3B | $34.6B |
| Interest CoverageEBIT ÷ Interest expense | 6.08x | 3.92x |
APG leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
APG leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in APG five years ago would be worth $28,631 today (with dividends reinvested), compared to $10,641 for HON. Over the past 12 months, APG leads with a +33.0% total return vs HON's -0.9%. The 3-year compound annual growth rate (CAGR) favors APG at 36.5% vs HON's 5.4% — a key indicator of consistent wealth creation.
| Metric | APGAPi Group Corpora… | HONHoneywell Interna… |
|---|---|---|
| YTD ReturnYear-to-date | +9.5% | +13.1% |
| 1-Year ReturnPast 12 months | +33.0% | -0.9% |
| 3-Year ReturnCumulative with dividends | +154.4% | +16.9% |
| 5-Year ReturnCumulative with dividends | +186.3% | +6.4% |
| 10-Year ReturnCumulative with dividends | +515.6% | +134.5% |
| CAGR (3Y)Annualised 3-year return | +36.5% | +5.4% |
APG leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
HON leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HON is the less volatile stock with a 0.75 beta — it tends to amplify market swings less than APG's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | APGAPi Group Corpora… | HONHoneywell Interna… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.26x | 0.84x |
| 52-Week HighHighest price in past year | $49.99 | $248.18 |
| 52-Week LowLowest price in past year | $31.72 | $186.76 |
| % of 52W HighCurrent price vs 52-week peak | +85.3% | +88.3% |
| RSI (14)Momentum oscillator 0–100 | 43.1 | 34.7 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 4.1M |
HON leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
HON leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates APG as "Buy" and HON as "Buy". Consensus price targets imply 23.1% upside for APG (target: $53) vs 14.1% for HON (target: $250). HON is the only dividend payer here at 2.11% yield — a key consideration for income-focused portfolios.
| Metric | APGAPi Group Corpora… | HONHoneywell Interna… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $52.50 | $250.08 |
| # AnalystsCovering analysts | 8 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | +2.1% |
| Dividend StreakConsecutive years of raises | 0 | 8 |
| Dividend / ShareAnnual DPS | — | $4.63 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +2.7% |
HON leads this category, winning 1 of 1 comparable metric.
Key Takeaway
HON leads in 3 of 6 categories (Income & Cash Flow, Risk & Volatility). APG leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
Best OverallHoneywell International Inc. (HON)Leads 3 of 6 categories
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APG vs HON: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is APG or HON a better buy right now?
For growth investors, APi Group Corporation (APG) is the stronger pick with 12.
7% revenue growth year-over-year, versus 7. 8% for Honeywell International Inc. (HON). Honeywell International Inc. (HON) offers the better valuation at 29. 8x trailing P/E (21. 0x forward), making it the more compelling value choice. Analysts rate APi Group Corporation (APG) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — APG or HON?
On forward P/E, Honeywell International Inc.
is actually cheaper at 21. 0x.
03Which is the better long-term investment — APG or HON?
Over the past 5 years, APi Group Corporation (APG) delivered a total return of +186.
3%, compared to +6. 4% for Honeywell International Inc. (HON). Over 10 years, the gap is even starker: APG returned +511. 0% versus HON's +135. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — APG or HON?
By beta (market sensitivity over 5 years), Honeywell International Inc.
(HON) is the lower-risk stock at 0. 84β versus APi Group Corporation's 1. 26β — meaning APG is approximately 51% more volatile than HON relative to the S&P 500. On balance sheet safety, APi Group Corporation (APG) carries a lower debt/equity ratio of 96% versus 2% for Honeywell International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — APG or HON?
By revenue growth (latest reported year), APi Group Corporation (APG) is pulling ahead at 12.
7% versus 7. 8% for Honeywell International Inc. (HON). On earnings-per-share growth, the picture is similar: Honeywell International Inc. grew EPS -15. 5% year-over-year, compared to -23. 2% for APi Group Corporation. Over a 3-year CAGR, APG leads at 6. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — APG or HON?
Honeywell International Inc.
(HON) is the more profitable company, earning 12. 6% net margin versus 3. 8% for APi Group Corporation — meaning it keeps 12. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HON leads at 17. 5% versus 7. 0% for APG. At the gross margin level — before operating expenses — HON leads at 36. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is APG or HON more undervalued right now?
On forward earnings alone, Honeywell International Inc.
(HON) trades at 21. 0x forward P/E versus 25. 0x for APi Group Corporation — 4. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for APG: 23. 1% to $52. 50.
08Which pays a better dividend — APG or HON?
In this comparison, HON (2.
1% yield) pays a dividend. APG does not pay a meaningful dividend and should not be held primarily for income.
09Is APG or HON better for a retirement portfolio?
For long-horizon retirement investors, Honeywell International Inc.
(HON) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 84), 2. 1% yield, +135. 6% 10Y return). Both have compounded well over 10 years (HON: +135. 6%, APG: +511. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between APG and HON?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
HON pays a dividend while APG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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