COMPARE · Reviewed July 29, 2026
HON vs MMM
Verdict: Side-by-side breakdown using the Bull Rankings model. HON scored 50.7, MMM scored 50.2 — HON leads.
Compare another set
HON
Honeywell International Inc.
50.7
$240.43 · $76.2B
fundamentals as of
Score gap
0.5
HON leads
MMM
3M Company
50.2
$176.47 · $91.0B
fundamentals as of
The model, pillar by pillar (0–100 each)
HON
stronger →← stronger
MMM
71
Qualityreturns · margins · balance sheet
71
33
Growthrevenue & earnings expansion
51
56
Valuevaluation vs sector peers
35
HON and MMM split the three pillars evenly.
Fundamentals, head-to-head
HON
MMM
$4.0bB
FCF
$4.0bB
+5.0%C+
Rev
+2.3%C
1.85C
D/E
4.38D
9.2xA
P/E
31.4xB
3.90D
PEG
1.83C+
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
HON
MMM
16% below
Price vs fair valuelower is cheaper
46% above
~8%/yr
Growth the price implies10-yr FCF · lower = less priced in
~16%/yr
-4%
1-yr DCF upside
-36%
+19%
5-yr DCF upside
-31%
+65%
10-yr DCF upside
-24%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HON
Why this score
- Raising its dividend
- Durable high returns
MMM
Why this score
- Buying back stock
- Raising its dividend
The companies
HONHoneywell International Inc.
Why now
Conglomerates · market cap $76.2b. 8% off the 52-week high of $260.28. 19 sell-side analysts rate this a Buy with a mean 1-yr target of $262.00 (implying +9% upside).
Moat
Net margin 22% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 44% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. $76.2b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
MMM3M Company
Why now
Conglomerates · market cap $91.0b. 5% off the 52-week high of $184.90. 17 sell-side analysts rate this a Buy with a mean 1-yr target of $181.85 (implying +3% upside).
Moat
FCF converts 133% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined. $91.0b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
D/E 4.38 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Trailing P/E 31x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.