HONA vs RKLB: Honeywell Aerospace and Rocket Lab compared
Honeywell Aerospace is the larger company, worth $48.5B, about 1.4 times Rocket Lab.
Honeywell Aerospace (HONA)Aerospace & Defense
$152.92$48.5B market cap
vs
Rocket Lab (RKLB)Aerospace & Defense
$53.07$33.9B market cap
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Honeywell Aerospace is the larger company, worth $48.5B, about 1.4 times Rocket Lab.
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HONA | RKLB |
|---|---|---|
| Market cap | $48.5B | $33.9B |
| Share price | $152.92 | $53.07 |
| Revenue (last fiscal year) | — | $602M |
| Free cash flow (last fiscal year) | — | -$322M |
| Revenue growth, last year | — | +59.0% |
| Revenue growth per year, last 5 fiscal years | — | +76.3% |
| Operating margin | — | -27.6% |
| Net margin | — | -25.7% |
| Return on equity | — | -3.9% |
| P/E (trailing) | — | — |
| Price / free cash flow | — | — |
| EV / EBITDA | — | — |
| FCF growth the price implies | — | — |
| Dividend yield | — | — |
| Debt / equity | — | 0.00x |
| Fundamental grade | B | D |
| Superinvestors holding it | 31 | 22 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Honeywell Aerospace
No statements on file.
Rocket Lab
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $62M | -$97M | -164.0% |
| 2022 | $211M | -$149M | -64.1% |
| 2023 | $245M | -$154M | -72.7% |
| 2024 | $436M | -$116M | -43.5% |
| 2025 | $602M | -$322M | -38.0% |
Where the revenue comes from
Honeywell Aerospace
No segment breakdown reported.
Rocket Lab · by segments, 2025
Space Systems$403M67%
Launch Services$199M33%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HONA in InvestinglyQuestions
Which is bigger, Honeywell Aerospace or Rocket Lab?
Honeywell Aerospace (HONA), at $48.5B against $33.9B.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.