COP vs HON: Which Is the Better Buy?
Side-by-side comparison of ConocoPhillips and Honeywell International Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
ConocoPhillips · Energy
$122.55
-21.4% upside to fair value
Grade D
VS
Honeywell International Inc. · Industrials
$235.04
-9.9% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
HON has more upside to fair value
(-9.9%).
COP trades at a lower forward P/E
(19.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
COP |
HON |
| Current Price |
$122.55 |
$235.04 |
| Fair Value Estimate |
$96.36 |
$211.73 |
| Upside to Fair Value |
-21.4%
|
-9.9%
|
| Market Cap |
$149.8B |
$149.4B |
| Forward P/E |
19.3x
|
22.3x
|
| EV / EBITDA |
5.8x
|
16.9x
|
| Price / Sales |
2.5x
|
4.0x
|
| Price / FCF |
8.9x
|
27.7x
|
| Revenue Growth YoY |
+7.5%
|
-2.7%
|
| Gross Margin |
24.6%
|
36.9%
|
| Operating Margin |
19.6%
|
17.7%
|
| Return on Equity |
12.39%
|
33.28%
|
| Dividend Yield |
3.41% |
1.92% |
| FCF Yield |
10.9%
|
3.61%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
ConocoPhillips is the largest U.S. independent exploration and production company, operating approximately 2.4 million barrels of oil equivalent per day across its Lower 48, Alaska, Canada, and international segments. The company completed its transformative $22.5 billion Marathon Oil acquisition in late 2024 and is on track for $2 billion in cost synergies by the end of 2026. Full-year 2025 reve…
Honeywell is a diversified industrial conglomerate in the final stages of a transformative three-way separation into Honeywell Aerospace, Solstice Advanced Materials, and a retained Automation entity, targeting Q3 2026 completion. The business generated 33% ROE and $5.4B in free cash flow on $37.4B revenue in FY2025, supported by a record $37B backlog with 23% organic order growth in Q4. At $235 …
Accumulation Zones
| Metric |
COP |
HON |
| Zone Low |
$72.27 |
$158.80 |
| Zone High |
$81.91 |
$179.97 |
| In Buy Zone? |
No
|
No
|