HPQ vs. HON

Last updated Apr 1, 2026

Compare and contrast key facts about HP Inc. (HPQ) and Honeywell International Inc (HON).

Performance

HPQ vs. HON - Performance Comparison

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

HPQ vs. HON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HPQ HP Inc.	-12.38%	-28.69%	12.10%	16.08%	-26.40%	57.25%	24.11%	3.88%	-0.20%	45.69%
HON Honeywell International Inc	16.43%	-6.37%	10.02%	0.02%	4.90%	-0.29%	22.97%	36.70%	-8.27%	35.10%

Fundamentals

Market Cap HPQ : $17.90B HON : $144.34B
EPS HPQ : $2.65 HON : $8.04
PE Ratio HPQ : 7.25 HON : 28.12
PS Ratio HPQ : 0.32 HON : 3.58
PB Ratio HPQ : 5.25 HON : 6.57
Total Revenue (TTM) HPQ : $56.23B HON : $40.34B
Gross Profit (TTM) HPQ : $11.33B HON : $14.90B
EBITDA (TTM) HPQ : $3.86B HON : $9.12B

Returns By Period

In the year-to-date period, HPQ achieves a -12.38% return, which is significantly lower than HON's 16.43% return. Over the past 10 years, HPQ has underperformed HON with an annualized return of 8.16%, while HON has yielded a comparatively higher 10.52% annualized return.

HPQ

• 1D: 0.84%
• 1M: 2.80%
• YTD: -12.38%
• 6M: -27.45%
• 1Y: -27.12%
• 3Y*: -9.65%
• 5Y*: -6.43%
• 10Y*: 8.16%

HON

• 1D: 1.14%
• 1M: -7.21%
• YTD: 16.43%
• 6M: 15.18%
• 1Y: 15.68%
• 3Y*: 10.19%
• 5Y*: 4.15%
• 10Y*: 10.52%

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

Return for Risk

HPQ vs. HON — Risk / Return Rank

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

HPQ

HPQ Risk / Return Rank: 13
HPQ Sharpe Ratio Rank: 12
HPQ Sortino Ratio Rank: 14
HPQ Omega Ratio Rank: 14
HPQ Calmar Ratio Rank: 15
HPQ Martin Ratio Rank: 11

HON

HON Risk / Return Rank: 61
HON Sharpe Ratio Rank: 65
HON Sortino Ratio Rank: 58
HON Omega Ratio Rank: 58
HON Calmar Ratio Rank: 65
HON Martin Ratio Rank: 61

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.

HPQ vs. HON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HP Inc. (HPQ) 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.

	HPQ	HON	Difference
Sharpe ratio Return per unit of total volatility	-0.71	0.62	-1.33
Sortino ratio Return per unit of downside risk	-0.83	1.06	-1.89
Omega ratio Gain probability vs. loss probability	0.89	1.14	-0.25
Calmar ratio Return relative to maximum drawdown	-0.76	1.03	-1.78
Martin ratio Return relative to average drawdown	-1.47	1.89	-3.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPQ vs. HON - Sharpe Ratio Comparison

The current HPQ Sharpe Ratio is -0.71, which is lower than the HON Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of HPQ and HON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HPQ	HON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	0.62	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.20	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.45	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.28	-0.10

Correlation

The correlation between HPQ and HON is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HPQ vs. HON - Dividend Comparison

HPQ's dividend yield for the trailing twelve months is around 6.14%, more than HON's 2.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HPQ HP Inc.	6.14%	5.24%	3.42%	3.53%	3.77%	2.21%	2.94%	3.20%	2.83%	2.56%	3.40%	5.37%
HON Honeywell International Inc	2.00%	2.25%	1.93%	1.99%	1.85%	1.81%	1.71%	1.90%	2.24%	1.79%	2.11%	2.07%

Drawdowns

HPQ vs. HON - Drawdown Comparison

The maximum HPQ drawdown since its inception was -85.43%, which is greater than HON's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for HPQ and HON.

Drawdown Indicators

	HPQ	HON	Difference
Max Drawdown Largest peak-to-trough decline	-85.43%	-70.09%	-15.34%
Max Drawdown (1Y) Largest decline over 1 year	-36.62%	-16.03%	-20.59%
Max Drawdown (5Y) Largest decline over 5 years	-51.23%	-27.13%	-24.10%
Max Drawdown (10Y) Largest decline over 10 years	-51.23%	-43.01%	-8.22%
Current Drawdown Current decline from peak	-56.11%	-8.87%	-47.24%
Average Drawdown Average peak-to-trough decline	-35.43%	-20.31%	-15.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.88%	8.72%	+10.16%

Volatility

HPQ vs. HON - Volatility Comparison

HP Inc. (HPQ) has a higher volatility of 7.42% compared to Honeywell International Inc (HON) at 6.54%. This indicates that HPQ'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

	HPQ	HON	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	6.54%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	24.70%	16.33%	+8.37%
Volatility (1Y) Calculated over the trailing 1-year period	38.56%	25.39%	+13.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.15%	21.39%	+12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.38%	23.26%	+11.12%

Financials

HPQ vs. HON - Profitability Comparison

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

HPQ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HP Inc. reported a gross profit of 2.84B and revenue of 14.44B. Therefore, the gross margin over that period was 19.6%.

HON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Honeywell International Inc reported a gross profit of 3.47B and revenue of 9.76B. Therefore, the gross margin over that period was 35.6%.

HPQ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HP Inc. reported an operating income of 759.00M and revenue of 14.44B, resulting in an operating margin of 5.3%.

HON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Honeywell International Inc reported an operating income of 996.00M and revenue of 9.76B, resulting in an operating margin of 10.2%.

HPQ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HP Inc. reported a net income of 545.00M and revenue of 14.44B, resulting in a net margin of 3.8%.

HON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Honeywell International Inc reported a net income of 295.00M and revenue of 9.76B, resulting in a net margin of 3.0%.