IMHO, yes and here's why. Homelander is outclassed is every meaningful way. Superman beats him in stats, beats him in hax and has better combat showings. Homelander has no real wincon here. He has no silver bullet to give him some true method of victory and he's left fighting what amounts to superior version of himself.
To further hammer home what I mean, there was another match a while ago with the comics version of Homelander. His opponent was stronger, vastly more skilled and resists Homelander's heat vision. Sounds like a stomp right? We decided it wasn't because Homelander had a clear advantage: stamina and endurance. His opponent was noted to have poor stamina. In comparison, the results of his last fight in the Boys comic (despite most of it happening off screen) showed kind of what it would take to kill Homelander; being ripped to pieces. And even THEN, Homelander MUTILATED his opponent who was literally made to be STRONGER than him. In that MU, if Homelander fought smartly, he'd have a way to actually win and his tenacity would allow him to outlast his opponent. But because Homelander is a meathead and overly aggressive, he would never think to do that and basically gave his opponent the match because he's just going to rush in and try to beat them to death even when that's bad idea.
I bring all of that up to emphasize a point: for a matchup to not be a stomp both characters must have a viable wincon. Something that they can realistically achieve. Homelander, here, doesn't really have that because there are too many disparities in Superman's favor.