HON
Honeywell International Inc.
Conglomerates
Market Cap$132.47B
5Y Perf.+43.3%
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Stock Comparison
HON vs MMM
Revenue, margins, valuation, and 5-year total return — side by side.
MMM
3M Company
Conglomerates
Market Cap$74.49B
5Y Perf.+9.2%
HON vs MMM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | HON | MMM |
|---|---|---|
| Industry | Conglomerates | Conglomerates |
| Market Cap | $132.47B | $74.49B |
| Revenue (TTM) | $36.76B | $25.02B |
| Net Income (TTM) | $4.10B | $2.79B |
| Gross Margin | 36.9% | 39.5% |
| Operating Margin | 14.9% | 19.6% |
| Forward P/E | 19.9x | 16.4x |
| Total Debt | $34.58B | $12.94B |
| Cash & Equiv. | $12.49B | $5.24B |
HON vs MMM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
HON
MMM
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Honeywell Internati… (HON) | 100 | 143.3 | +43.3% |
| 3M Company (MMM) | 100 | 109.2 | +9.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HON vs MMM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HON leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. 3M Company is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
HON
Honeywell International Inc.
The Income Pick
HON carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.74, yield 2.2%
- Rev growth 7.8%, EPS growth -15.5%, 3Y rev CAGR 1.8%
- 127.7% 10Y total return vs MMM's 32.5%
Best for: income & stability and growth exposure
MMM
3M Company
The Value Play
MMM is the clearest fit if your priority is value and momentum.
- Lower P/E (16.4x vs 19.9x)
- +3.5% vs HON's -0.3%
- 7.5% ROA vs HON's 5.3%, ROIC 28.1% vs 12.6%
Best for: value and momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | HON | 7.8% revenue growth vs MMM's 1.5% |
| Value | MMM | Lower P/E (16.4x vs 19.9x) |
| Quality / Margins | HON | 11.2% margin vs MMM's 11.1% |
| Stability / Safety | HON | Beta 0.74 vs MMM's 1.06, lower leverage |
| Dividends | HON | 2.2% yield, 15-year raise streak, vs MMM's 1.5% |
| Momentum (1Y) | MMM | +3.5% vs HON's -0.3% |
| Efficiency (ROA) | MMM | 7.5% ROA vs HON's 5.3%, ROIC 28.1% vs 12.6% |
HON vs MMM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
HON vs MMM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMMMLAGGINGHON
HONHoneywell Internation…
2leads
MMM3M Company
3leads
6 Total Categories
CATEGORYLEADERvs HONMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MMM4/6
Valuation MetricsMultiples, price ratios, and targets
MMM4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MMM7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
HON2/2
Analyst OutlookRatings, price targets, and dividends
HON2/2
Income & Cash Flow (Last 12 Months)
MMM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HON and MMM operate at a comparable scale, with $36.8B and $25.0B in trailing revenue. Profitability is closely matched — net margins range from 11.2% (HON) to 11.1% (MMM). On growth, MMM holds the edge at +1.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | HONHoneywell Interna… | MMM3M Company |
|---|---|---|
| RevenueTrailing 12 months | $36.8B | $25.0B |
| EBITDAEarnings before interest/tax | $6.5B | $5.2B |
| Net IncomeAfter-tax profit | $4.1B | $2.8B |
| Free Cash FlowCash after capex | $4.2B | $2.1B |
| Gross MarginGross profit ÷ Revenue | +36.9% | +39.5% |
| Operating MarginEBIT ÷ Revenue | +14.9% | +19.6% |
| Net MarginNet income ÷ Revenue | +11.2% | +11.1% |
| FCF MarginFCF ÷ Revenue | +11.4% | +8.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -6.9% | +1.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -41.9% | -39.7% |
MMM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
MMM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 23.8x trailing earnings, MMM trades at a 16% valuation discount to HON's 28.4x P/E. On an enterprise value basis, MMM's 15.1x EV/EBITDA is more attractive than HON's 19.4x.
| Metric | HONHoneywell Interna… | MMM3M Company |
|---|---|---|
| Market CapShares × price | $132.5B | $74.5B |
| Enterprise ValueMkt cap + debt − cash | $154.6B | $82.2B |
| Trailing P/EPrice ÷ TTM EPS | 28.40x | 23.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.86x | 16.44x |
| PEG RatioP/E ÷ EPS growth rate | 15.47x | — |
| EV / EBITDAEnterprise value multiple | 19.43x | 15.11x |
| Price / SalesMarket cap ÷ Revenue | 3.54x | 2.99x |
| Price / BookPrice ÷ Book value/share | 8.70x | 16.22x |
| Price / FCFMarket cap ÷ FCF | 24.56x | 53.36x |
MMM leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
MMM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
MMM delivers a 65.3% return on equity — every $100 of shareholder capital generates $65 in annual profit, vs $23 for HON. HON carries lower financial leverage with a 2.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to MMM's 2.73x. On the Piotroski fundamental quality scale (0–9), HON scores 6/9 vs MMM's 5/9, reflecting solid financial health.
| Metric | HONHoneywell Interna… | MMM3M Company |
|---|---|---|
| ROE (TTM)Return on equity | +23.1% | +65.3% |
| ROA (TTM)Return on assets | +5.3% | +7.5% |
| ROICReturn on invested capital | +12.6% | +28.1% |
| ROCEReturn on capital employed | +12.6% | +16.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 2.24x | 2.73x |
| Net DebtTotal debt minus cash | $22.1B | $7.7B |
| Cash & Equiv.Liquid assets | $12.5B | $5.2B |
| Total DebtShort + long-term debt | $34.6B | $12.9B |
| Interest CoverageEBIT ÷ Interest expense | 3.92x | 6.52x |
MMM leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — HON and MMM each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HON five years ago would be worth $10,135 today (with dividends reinvested), compared to $9,714 for MMM. Over the past 12 months, MMM leads with a +3.5% total return vs HON's -0.3%. The 3-year compound annual growth rate (CAGR) favors MMM at 21.1% vs HON's 3.8% — a key indicator of consistent wealth creation.
| Metric | HONHoneywell Interna… | MMM3M Company |
|---|---|---|
| YTD ReturnYear-to-date | +7.3% | -11.3% |
| 1-Year ReturnPast 12 months | -0.3% | +3.5% |
| 3-Year ReturnCumulative with dividends | +11.8% | +77.8% |
| 5-Year ReturnCumulative with dividends | +1.3% | -2.9% |
| 10-Year ReturnCumulative with dividends | +127.7% | +32.5% |
| CAGR (3Y)Annualised 3-year return | +3.8% | +21.1% |
Evenly matched — HON and MMM each lead in 3 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 0.74 beta — it tends to amplify market swings less than MMM's 1.06 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HON currently trades 84.2% from its 52-week high vs MMM's 80.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HONHoneywell Interna… | MMM3M Company |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 1.06x |
| 52-Week HighHighest price in past year | $248.18 | $177.41 |
| 52-Week LowLowest price in past year | $186.76 | $137.63 |
| % of 52W HighCurrent price vs 52-week peak | +84.2% | +80.5% |
| RSI (14)Momentum oscillator 0–100 | 32.8 | 37.6 |
| Avg Volume (50D)Average daily shares traded | 3.7M | 3.5M |
HON leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
HON leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HON as "Buy" and MMM as "Hold". Consensus price targets imply 16.8% upside for MMM (target: $167) vs 16.6% for HON (target: $244). For income investors, HON offers the higher dividend yield at 2.21% vs MMM's 1.53%.
| Metric | HONHoneywell Interna… | MMM3M Company |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $243.83 | $166.75 |
| # AnalystsCovering analysts | 28 | 33 |
| Dividend YieldAnnual dividend ÷ price | +2.2% | +1.5% |
| Dividend StreakConsecutive years of raises | 15 | 0 |
| Dividend / ShareAnnual DPS | $4.63 | $2.18 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.9% | +6.5% |
HON leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
MMM leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). HON leads in 2 (Risk & Volatility, Analyst Outlook). 1 tied.
Best Overall3M Company (MMM)Leads 3 of 6 categories
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HON vs MMM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HON or MMM a better buy right now?
For growth investors, Honeywell International Inc.
(HON) is the stronger pick with 7. 8% revenue growth year-over-year, versus 1. 5% for 3M Company (MMM). 3M Company (MMM) offers the better valuation at 23. 8x trailing P/E (16. 4x forward), making it the more compelling value choice. Analysts rate Honeywell International Inc. (HON) a "Buy" — based on 28 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 — HON or MMM?
On trailing P/E, 3M Company (MMM) is the cheapest at 23.
8x versus Honeywell International Inc. at 28. 4x. On forward P/E, 3M Company is actually cheaper at 16. 4x.
03Which is the better long-term investment — HON or MMM?
Over the past 5 years, Honeywell International Inc.
(HON) delivered a total return of +1. 3%, compared to -2. 9% for 3M Company (MMM). Over 10 years, the gap is even starker: HON returned +127. 7% versus MMM's +32. 5%. 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 — HON or MMM?
By beta (market sensitivity over 5 years), Honeywell International Inc.
(HON) is the lower-risk stock at 0. 74β versus 3M Company's 1. 06β — meaning MMM is approximately 43% more volatile than HON relative to the S&P 500. On balance sheet safety, Honeywell International Inc. (HON) carries a lower debt/equity ratio of 2% versus 3% for 3M Company — giving it more financial flexibility in a downturn.
05Which is growing faster — HON or MMM?
By revenue growth (latest reported year), Honeywell International Inc.
(HON) is pulling ahead at 7. 8% versus 1. 5% for 3M Company (MMM). On earnings-per-share growth, the picture is similar: Honeywell International Inc. grew EPS -15. 5% year-over-year, compared to -20. 5% for 3M Company. Over a 3-year CAGR, HON leads at 1. 8% 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 — HON or MMM?
3M Company (MMM) is the more profitable company, earning 13.
0% net margin versus 12. 6% for Honeywell International Inc. — meaning it keeps 13. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MMM leads at 18. 3% versus 17. 5% for HON. At the gross margin level — before operating expenses — MMM leads at 39. 6%, 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 HON or MMM more undervalued right now?
On forward earnings alone, 3M Company (MMM) trades at 16.
4x forward P/E versus 19. 9x for Honeywell International Inc. — 3. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MMM: 16. 8% to $166. 75.
08Which pays a better dividend — HON or MMM?
All stocks in this comparison pay dividends.
Honeywell International Inc. (HON) offers the highest yield at 2. 2%, versus 1. 5% for 3M Company (MMM).
09Is HON or MMM 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. 74), 2. 2% yield, +127. 7% 10Y return). Both have compounded well over 10 years (HON: +127. 7%, MMM: +32. 5%), 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 HON and MMM?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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Revenue Growth>
%
(HON: -6.9% · MMM: 1.3%)Net Margin>
%
(HON: 11.2% · MMM: 11.1%)P/E Ratio<
x
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