Honeywell International Inc.

HON · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$123,860	$146,884	$138,251	$144,079	$143,543	$146,428	$121,851	$90,954	$105,577	$79,754	$71,300	$36,930	$33,858	$23,398	$19,996	$19,376	$13,901	$11,398	$22,156	$17,480	$14,895	$14,338	$13,719	$9,279	$13,146	$17,868	$21,479	$11,745	$10,345	$9,096	$6,337	$4,537	$5,239	$4,026	$2,823	$1,749	$2,471	$2,273	$2,207	$3,302	$3,858
Enterprise value	$146,636	$169,352	$152,270	$155,128	$153,324	$154,661	$128,354	$96,436	$112,805	$86,344	$75,945	$36,636	$36,377	$26,350	$23,949	$23,491	$18,817	$17,790	$27,984	$21,319	$18,767	$16,025	$15,929	$12,347	$17,023	$22,295	$24,554	$15,693	$11,611	$9,261	$7,807	$5,716	$6,307	$5,208	$5,380	$4,115	$4,328	$4,180	$4,372	$6,089	$5,306
P/E (TTM) at period end	26.19×	25.75×	24.43×	29.01×	25.90×	30.64×	19.84×	13.44×	68.33×	16.57×	14.95×	8.71×	8.63×	8.00×	9.67×	9.58×	8.98×	14.14×	9.07×	8.39×	9.09×	11.51×	10.36×	–	–	10.77×	13.94×	6.17×	6.30×	8.92×	7.24×	5.98×	12.75×	–	–	3.79×	4.68×	4.91×	4.26×	5.46×	–
P/S (TTM) at period end	3.31×	4.23×	4.19×	4.06×	4.17×	4.49×	3.32×	2.18×	2.60×	2.03×	1.85×	0.92×	0.87×	0.62×	0.55×	0.60×	0.46×	0.31×	0.64×	0.56×	0.54×	0.56×	0.59×	0.42×	0.56×	0.71×	0.90×	0.50×	0.46×	0.65×	0.44×	0.35×	0.44×	0.33×	0.24×	0.14×	0.21×	0.19×	0.20×	0.28×	0.42×
P/B at period end	8.91×	7.89×	8.72×	8.63×	7.73×	8.34×	6.59×	5.00×	6.40×	4.12×	3.90×	2.09×	1.94×	1.80×	1.85×	1.82×	1.57×	1.59×	2.40×	1.80×	1.38×	1.27×	1.28×	1.04×	1.43×	1.84×	2.50×	1.45×	2.36×	2.18×	1.76×	1.52×	2.19×	1.79×	0.95×	0.52×	0.72×	0.70×	0.71×	0.90×	0.66×
EV / EBITDA (TTM)	16.91×	20.75×	18.91×	17.87×	22.30×	24.39×	17.06×	12.99×	16.07×	12.74×	10.13×	5.42×	5.61×	5.18×	6.80×	5.90×	5.55×	4.01×	6.14×	5.53×	6.10×	7.37×	6.18×	4.80×	15.69×	5.88×	8.45×	4.18×	3.87×	4.39×	4.17×	3.34×	4.20×	5.52×	25.26×	3.46×	3.16×	–	–	–	–
EV / Sales (TTM)	3.92×	4.88×	4.61×	4.37×	4.46×	4.74×	3.50×	2.31×	2.78×	2.20×	1.97×	0.91×	0.93×	0.70×	0.66×	0.73×	0.63×	0.49×	0.81×	0.68×	0.68×	0.63×	0.69×	0.55×	0.72×	0.89×	1.03×	0.67×	0.52×	0.66×	0.54×	0.45×	0.53×	0.43×	0.45×	0.33×	0.36×	0.35×	0.39×	0.52×	0.58×
Returns
Return on equity	34.0%	30.6%	35.7%	29.7%	29.8%	27.2%	33.2%	37.2%	9.4%	24.8%	26.1%	24.0%	22.5%	22.6%	19.1%	19.0%	17.5%	11.2%	26.5%	21.4%	15.2%	11.1%	12.3%	(2.5%)	(1.1%)	17.1%	17.9%	23.5%	37.4%	24.4%	24.4%	25.5%	17.2%	(31.6%)	(9.2%)	13.7%	15.5%	14.2%	16.6%	16.5%	(4.8%)
Return on invested capital	17.9%	14.8%	20.0%	22.1%	16.6%	17.2%	21.4%	24.2%	5.2%	17.0%	20.1%	22.2%	20.1%	19.7%	14.3%	14.6%	13.9%	26.0%	18.1%	16.8%	11.3%	9.0%	12.1%	3.7%	0.3%	13.7%	11.9%	16.3%	23.6%	21.3%	17.3%	18.9%	19.9%	9.2%	(3.7%)	9.7%	12.3%	9.8%	9.6%	10.9%	–
Dividend yield	2.4%	2.0%	2.1%	1.9%	1.8%	1.8%	2.0%	2.5%	2.0%	2.4%	2.4%	4.1%	4.0%	5.2%	5.5%	4.9%	6.6%	7.1%	3.5%	4.3%	4.7%	4.5%	4.7%	6.6%	4.6%	3.4%	2.5%	4.1%	4.2%	2.9%	3.4%	4.0%	3.1%	3.6%	7.7%	14.2%	10.8%	–	–	–	–
Financial health
Current ratio	1.30×	1.31×	1.27×	1.25×	1.30×	1.47×	1.34×	1.29×	1.38×	1.41×	1.09×	1.50×	1.49×	1.35×	1.31×	1.32×	1.25×	1.08×	1.15×	1.21×	1.15×	1.47×	1.72×	1.53×	1.59×	1.48×	1.26×	1.22×	1.26×	1.58×	1.29×	1.35×	1.31×	1.40×	1.15×	1.26×	1.28×	1.29×	1.18×	1.26×	1.64×
Debt / equity	2.38×	1.60×	1.18×	1.07×	0.96×	1.14×	0.79×	0.73×	1.00×	0.80×	0.63×	0.44×	0.39×	0.50×	0.64×	0.59×	0.82×	0.96×	0.83×	0.52×	0.47×	0.47×	0.48×	0.57×	0.57×	0.58×	0.59×	0.61×	0.53×	0.46×	0.56×	0.57×	0.82×	0.94×	0.94×	0.81×	0.70×	0.71×	0.80×	0.81×	0.44×
Effective tax rate	18.4%	20.0%	20.4%	22.1%	22.5%	19.1%	17.6%	8.8%	77.2%	24.8%	26.4%	25.6%	26.8%	24.4%	18.3%	28.1%	22.2%	(5.9%)	26.4%	25.7%	31.9%	23.2%	18.0%	76.7%	76.5%	30.8%	31.5%	31.3%	32.2%	34.3%	30.6%	31.7%	27.9%	23.8%	30.0%	23.3%	31.3%	27.5%	32.0%	33.3%	225.1%
Share count
Diluted shares outstanding	643	655	668	683	700	711	730	753	772	775	789	795	797	792	792	781	378	372	387	413	427	430	436	410	412	405	406	288	291	295	284	284	283	283	273	275	297	297	331	349	350

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$33,614	$37,442	$34,717	$33,009	$35,466	$34,392	$32,637	$36,709	$41,802	$40,534	$39,302	$38,581	$40,306	$39,055	$37,665	$36,529	$32,350	$29,951	$36,556	$34,589	$31,367	$27,653	$25,593	$23,103	$22,274	$23,652	$25,023	$23,735	$23,555	$22,499	$13,971	$14,346	$12,817	$11,827	$12,042	$11,831	$12,343	$11,942	$11,909	$11,116	$11,794	$9,115
Cost of revenue	($19,032)	($23,613)	($21,360)	($20,637)	($22,347)	($22,061)	($22,169)	($24,339)	($29,046)	($28,144)	($27,677)	($26,747)	($28,957)	($28,364)	($28,291)	($28,556)	($24,721)	($23,260)	($31,118)	($26,300)	($24,096)	($21,524)	($20,752)	($18,235)	($17,615)	($20,429)	($19,090)	($18,495)	($17,689)	($17,444)	($11,606)	($11,539)	($10,299)	($9,551)	($9,394)	($9,408)	($9,766)	($9,239)	($9,190)	($8,562)	($8,743)	($6,718)
Gross profit	$12,680	$13,829	$13,357	$12,372	$13,119	$12,331	$10,468	$12,370	$12,756	$12,390	$12,152	$11,834	$11,349	$10,691	$9,374	$7,973	$7,629	$6,896	$5,438	$8,289	$7,271	$6,129	$4,841	$4,868	$4,659	$3,223	$5,933	$5,240	$5,866	$5,055	$2,365	$2,807	$2,518	$2,276	$2,648	$2,423	$2,577	$2,703	$2,719	$2,554	$3,051	$2,397
Operating expenses
Research and development	($1,650)	($1,812)	($1,454)	($1,375)	($1,478)	($1,333)	($1,334)	($1,556)	($1,809)	($1,835)	($1,864)	($1,856)	($1,892)	($1,804)	($1,847)	($1,799)	($1,450)	($1,321)	($1,543)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($5,058)	($5,450)	($5,235)	($4,887)	($5,214)	($4,798)	($4,772)	($5,519)	($6,051)	($6,087)	($5,574)	($5,006)	($5,518)	($5,190)	($5,218)	($5,399)	($4,618)	($4,323)	($5,130)	($4,565)	($4,210)	($3,707)	($3,316)	($2,950)	($2,757)	($3,064)	($3,134)	($3,216)	($3,008)	($2,940)	($1,511)	($1,503)	($1,366)	($1,338)	($1,704)	($2,210)	($1,387)	($1,333)	($1,600)	($1,457)	($1,631)	($1,140)
Total operating expenses	($6,475)	($5,702)	($5,690)	($4,809)	($5,097)	($6,131)	($4,772)	($5,519)	($6,051)	($6,087)	($6,101)	($5,006)	($5,518)	($5,190)	($5,218)	($5,399)	($4,618)	($4,443)	($1,909)	($4,565)	($4,210)	($3,707)	($3,316)	($2,950)	($2,757)	($3,064)	($3,134)	($3,216)	($3,008)	($2,940)	($856)	($1,547)	($1,366)	($1,322)	($2,233)	($2,714)	($1,847)	($1,757)	($2,016)	($1,804)	($1,999)	($1,502)
Total costs and expenses	($27,409)	($29,315)	($27,050)	($25,446)	($27,444)	($28,192)	($26,941)	($29,858)	($35,097)	($34,231)	($33,251)	($31,753)	($34,475)	($33,554)	($33,509)	($33,955)	($29,339)	($27,498)	($33,027)	($30,865)	($28,306)	($25,231)	($24,068)	($21,185)	($20,372)	($23,493)	($22,224)	($21,711)	($20,697)	($20,384)	($12,462)	($13,086)	($11,665)	($10,873)	($11,627)	($12,122)	($11,613)	($10,996)	($11,206)	($10,366)	($10,742)	($8,220)
Operating income	$6,205	$8,127	$7,667	$7,563	$8,022	$6,200	$5,696	$6,851	$6,705	$6,303	$6,051	$6,828	$5,831	$5,501	$4,156	$2,574	$3,011	$2,453	$3,529	$3,724	$3,061	$2,422	$1,525	$1,918	$1,902	$159	$2,799	$2,024	$2,858	$2,115	$1,509	$1,260	$1,152	$954	$415	($291)	$730	$946	$703	$750	$1,052	$895
Earnings
EBITDA	$6,024	$8,673	$8,160	$8,053	$8,679	$6,874	$6,340	$7,524	$7,426	$7,020	$6,777	$7,500	$6,755	$6,490	$5,082	$3,522	$3,981	$3,389	$4,432	$4,561	$3,855	$3,075	$2,175	$2,579	$2,573	$1,085	$3,794	$2,905	$3,755	$3,003	$2,111	$1,872	$1,712	$1,501	$944	$213	$1,190	$1,370	–	–	–	–
Interest income	$333	$369	$430	$321	$138	$102	$107	$255	$217	$151	$106	$104	$102	$69	$58	$58	$39	$33	$102	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1,236)	($1,344)	($1,048)	($749)	($414)	($343)	($359)	($357)	($367)	($316)	($338)	($310)	($318)	($327)	($351)	($376)	($386)	($458)	($456)	($456)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$8,900	$5,476	$6,244	$6,191	$6,379	$7,235	$6,012	$7,559	$7,487	$6,950	$6,452	$6,586	$5,818	$5,412	$3,875	$2,282	$2,722	$1,964	$3,821	$3,321	$2,798	$2,296	$1,623	$1,640	($945)	($422)	$2,398	$2,248	$2,772	$2,419	$1,553	$1,261	$1,111	$910	$702	($390)	$602	$769	$639	$757	$907	$223
Income tax expense	($1,655)	($1,008)	($1,249)	($1,262)	($1,412)	($1,625)	($1,147)	($1,329)	($659)	($5,362)	($1,603)	($1,739)	($1,489)	($1,450)	($944)	($417)	($765)	($436)	$226	($877)	($720)	($732)	($377)	($296)	$725	$323	($739)	($707)	($869)	($778)	($533)	($386)	($352)	($254)	($167)	$117	($140)	($241)	($176)	($242)	($302)	($502)
Net income	$7,052	$4,729	$5,705	$5,658	$4,966	$5,542	$4,779	$6,143	$6,765	$1,545	$4,812	$4,768	$4,239	$3,924	$2,926	$2,067	$2,022	$1,548	$806	$2,444	$2,083	$1,638	$1,246	$1,324	($220)	($99)	$1,659	$1,541	$1,903	$1,641	$1,020	$875	$759	$411	($712)	($273)	$462	$528	$463	$518	$605	($279)
Per share
Diluted EPS (GAAP)	$21.02	$7.36	$8.71	$8.47	$7.27	$7.91	$6.72	$8.41	$8.98	$2.00	$6.21	$6.04	$5.33	$4.92	$3.69	$2.61	$2.59	$4.10	$7.52	$6.32	$5.04	$3.84	$2.90	$3.04	($0.54)	($0.24)	$4.10	$3.80	$4.68	$4.00	$3.46	$3.10	$2.68	$1.46	($2.52)	($1.00)	$1.68	$1.78	$1.56	$1.56	$1.64	($0.80)
Basic EPS (GAAP)	$21.12	$7.40	$8.76	$8.53	$7.33	$8.01	$6.79	$8.52	$9.10	$2.03	$6.30	$6.11	$5.40	$4.99	$3.74	$2.65	$2.61	$4.12	$7.58	$6.40	$5.08	$3.86	$2.90	$3.04	($0.54)	($0.24)	$4.14	$3.90	$4.76	$4.08	$3.54	$3.10	$2.68	$1.46	($2.52)	($1.00)	$1.68	$1.78	$1.56	$1.56	$1.64	($0.80)
Basic shares outstanding	–	639	651	663	677	692	704	721	743	762	764	780	784	786	782	781	774	376	368	382	410	424	430	436	410	412	401	395	281	283	288	283	283	282	283	273	275	297	297	331	349	350
Margins
Gross margin	37.7%	36.9%	38.5%	37.5%	37.0%	35.9%	32.1%	33.7%	30.5%	30.6%	30.9%	30.7%	28.2%	27.4%	24.9%	21.8%	23.6%	23.0%	14.9%	24.0%	23.2%	22.2%	18.9%	21.1%	20.9%	13.6%	23.7%	22.1%	24.9%	22.5%	16.9%	19.6%	19.6%	19.2%	22.0%	20.5%	20.9%	22.6%	22.8%	23.0%	25.9%	26.3%
Operating margin	18.5%	21.7%	22.1%	22.9%	22.6%	18.0%	17.5%	18.7%	16.0%	15.5%	15.4%	17.7%	14.5%	14.1%	11.0%	7.0%	9.3%	8.2%	9.7%	10.8%	9.8%	8.8%	6.0%	8.3%	8.5%	0.7%	11.2%	8.5%	12.1%	9.4%	10.8%	8.8%	9.0%	8.1%	3.4%	(2.5%)	5.9%	7.9%	5.9%	6.7%	8.9%	9.8%
Net margin	21.0%	12.6%	16.4%	17.1%	14.0%	16.1%	14.6%	16.7%	16.2%	3.8%	12.2%	12.4%	10.5%	10.0%	7.8%	5.7%	6.3%	5.2%	2.2%	7.1%	6.6%	5.9%	4.9%	5.7%	(1.0%)	(0.4%)	6.6%	6.5%	8.1%	7.3%	7.3%	6.1%	5.9%	3.5%	(5.9%)	(2.3%)	3.7%	4.4%	3.9%	4.7%	5.1%	(3.1%)

Analyst consensus

Buy30 analysts

Bearish · 0 · Hold · 10 · Bullish · 20

Earnings history

	EPS	Estimate
Q4 2024	$4.94	$4.64	Beat
Q1 2025	$5.02	$4.42	Beat
Q2 2025	$5.50	$5.32	Beat
Q3 2025	$5.64	$4.88	Beat
Q4 2025	$5.18	$5.08	Beat
Q1 2026	$2.57	$1.83	Beat
Q2 2026	$1.95	$1.83	Beat
Q3 2026	$2.27	$2.17	Beat

Peers

Company overview

IPO dateFeb 21, 2001

CEOVimal Kapur

Employees101,000

SectorIndustrials

IndustryConglomerates

CountryUS

ExchangeNASDAQ Global Select

Websitewww.honeywell.com

Honeywell International Inc. functions as a global leader in diversified technology and manufacturing. Its Aerospace division furnishes a comprehensive array of products and services for the aviation and space industries. This includes crucial components like auxiliary power units, propulsion systems, integrated avionics, environmental control mechanisms, and electrical power solutions. The segment also supplies engine controls, flight safety systems, communication and navigation hardware, and advanced data and software applications. Additionally, it provides radar, surveillance systems, aircraft lighting, sophisticated instruments, satellite and space components, and aircraft wheels and brakes. Essential support services cover spare parts, repairs, overhauls, maintenance, thermal systems, and wireless connectivity management. The Honeywell Building Technologies unit focuses on creating smarter, safer, and more efficient structures. It develops software for optimizing and controlling building functions, alongside sensors, switches, control systems, and instrumentation for energy management. Offerings extend to access control systems, video surveillance, fire detection products, and the installation, upkeep, and upgrading of these systems. Within its Performance Materials and Technologies division, the company delivers solutions for automation control, instrumentation, and associated software and services. It also provides catalysts, adsorbents, specialized equipment, and consulting expertise. This segment supplies materials essential for manufacturing diverse end products, such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging. Furthermore, it produces environmentally friendly materials with reduced and low global-warming potential, utilizing hydrofluoro-olefin technology. The Safety and Productivity Solutions group equips workers and industries with a wide range of products. These comprise personal protective equipment, apparel, gear, and footwear, alongside advanced gas detection technology. It offers cloud-based notification and emergency messaging systems, mobile devices and software, and solutions for supply chain and warehouse automation, including both equipment and software. Custom-engineered sensors, switches, and controls, as well as data and asset management productivity software solutions, also fall under this division. Established in 1906, Honeywell is headquartered in Charlotte, North Carolina.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.