AGX vs. HON

Last updated Jun 3, 2026

AGX (Argan, Inc.) and HON (Honeywell International Inc) are both stocks. Both are in the Industrials sector — AGX in Engineering & Construction, HON in Conglomerates. Over the past 10 years, AGX returned 38.10%/yr vs 10.81%/yr for HON. At a 0.20 correlation, their price movements are largely independent.

Performance

AGX vs. HON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argan, Inc. (AGX) and Honeywell International Inc (HON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGX achieves a 112.09% return, which is significantly higher than HON's 21.84% return. Over the past 10 years, AGX has outperformed HON with an annualized return of 38.10%, while HON has yielded a comparatively lower 10.81% annualized return.

AGX

• 1D: 2.51%
• 1M: -5.57%
• YTD: 112.09%
• 6M: 85.89%
• 1Y: 217.67%
• 3Y*: 156.33%
• 5Y*: 71.91%
• 10Y*: 38.10%

HON

• 1D: -0.55%
• 1M: 11.30%
• YTD: 21.84%
• 6M: 23.06%
• 1Y: 13.08%
• 3Y*: 10.21%
• 5Y*: 3.85%
• 10Y*: 10.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGX vs. HON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGX Argan, Inc.	112.09%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-14.32%	-34.26%
HON Honeywell International Inc	21.84%	-6.37%	10.02%	0.02%	4.90%	-0.29%	22.97%	36.70%	-8.27%	35.10%

Correlation

The correlation between AGX and HON is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Aug 21, 1995	0.20

The correlation between AGX and HON shifts across timeframes, from 0.15 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AGX : $9.40B HON : $150.17B
EPS AGX : $9.73 HON : $6.42
PE Ratio AGX : 68.14 HON : 36.66
PS Ratio AGX : 9.94 HON : 4.09
PB Ratio AGX : 20.34 HON : 7.05
Total Revenue (TTM) AGX : $944.61M HON : $36.76B
Gross Profit (TTM) AGX : $193.68M HON : $13.58B
EBITDA (TTM) AGX : $134.70M HON : $6.55B

Return for Risk

AGX vs. HON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGX

AGX Risk / Return Rank: 93
AGX Sharpe Ratio Rank: 94
AGX Sortino Ratio Rank: 92
AGX Omega Ratio Rank: 89
AGX Calmar Ratio Rank: 96
AGX Martin Ratio Rank: 96

HON

HON Risk / Return Rank: 56
HON Sharpe Ratio Rank: 60
HON Sortino Ratio Rank: 54
HON Omega Ratio Rank: 52
HON Calmar Ratio Rank: 57
HON Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGX vs. HON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) and Honeywell International Inc (HON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGX	HON	Difference
Sharpe ratio Return per unit of total volatility	2.94	0.60	+2.34
Sortino ratio Return per unit of downside risk	3.47	1.03	+2.44
Omega ratio Gain probability vs. loss probability	1.43	1.13	+0.31
Calmar ratio Return relative to maximum drawdown	8.70	0.78	+7.92
Martin ratio Return relative to average drawdown	23.06	1.33	+21.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGX vs. HON - Sharpe Ratio Comparison

The current AGX Sharpe Ratio is 2.94, which is higher than the HON Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of AGX and HON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGX	HON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	0.60	+2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.43	0.18	+1.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.46	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.29	-0.23

Drawdowns

AGX vs. HON - Drawdown Comparison

The maximum AGX drawdown since its inception was -94.37%, which is greater than HON's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for AGX and HON.

Drawdown Indicators

	AGX	HON	Difference
Max Drawdown Largest peak-to-trough decline	-94.37%	-70.09%	-24.28%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-16.03%	-8.93%
Max Drawdown (3Y) Largest decline over 3 years	-43.75%	-22.10%	-21.65%
Max Drawdown (5Y) Largest decline over 5 years	-43.75%	-27.13%	-16.62%
Max Drawdown (10Y) Largest decline over 10 years	-54.61%	-43.01%	-11.60%
Current Drawdown Current decline from peak	-10.50%	-4.64%	-5.86%
Average Drawdown Average peak-to-trough decline	-48.37%	-20.28%	-28.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.42%	9.42%	0.00%

Volatility

AGX vs. HON - Volatility Comparison

Argan, Inc. (AGX) has a higher volatility of 14.62% compared to Honeywell International Inc (HON) at 6.90%. This indicates that AGX's price experiences larger fluctuations and is considered to be riskier than HON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGX	HON	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.62%	6.90%	+7.72%
Volatility (6M) Calculated over the trailing 6-month period	55.20%	16.15%	+39.05%
Volatility (1Y) Calculated over the trailing 1-year period	74.51%	21.94%	+52.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.60%	21.57%	+29.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.01%	23.44%	+22.57%

Dividends

AGX vs. HON - Dividend Comparison

AGX's dividend yield for the trailing twelve months is around 0.28%, less than HON's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.28%	0.52%	0.93%	2.24%	2.71%	1.94%	7.31%	2.49%	1.98%	4.44%	1.42%	2.16%
HON Honeywell International Inc	1.97%	2.25%	1.93%	1.99%	1.85%	1.81%	1.71%	1.90%	2.24%	1.79%	2.11%	2.07%

Financials

AGX vs. HON - Profitability Comparison

The chart below illustrates the profitability comparison between Argan, Inc. and Honeywell International Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AGX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a gross profit of 65.60M and revenue of 262.05M. Therefore, the gross margin over that period was 25.0%.

HON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a gross profit of 3.54B and revenue of 9.14B. Therefore, the gross margin over that period was 38.7%.

AGX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported an operating income of 47.67M and revenue of 262.05M, resulting in an operating margin of 18.2%.

HON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported an operating income of 886.00M and revenue of 9.14B, resulting in an operating margin of 9.7%.

AGX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a net income of 49.21M and revenue of 262.05M, resulting in a net margin of 18.8%.

HON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a net income of 821.00M and revenue of 9.14B, resulting in a net margin of 9.0%.

Frequently Asked Questions

Can I hold both AGX and HON in my portfolio?

AGX and HON have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGX or HON?

AGX has higher volatility (14.62%) compared to HON (6.90%). In terms of maximum drawdown, AGX dropped -94.37% vs HON's -70.09%.

Which has better risk-adjusted returns?

AGX currently has the higher Sharpe Ratio (2.94 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.