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Honeywell InternationalHON

$66.4B market cap
Honeywell InternationalHON
Revenue

Revenue: is the business selling more than it used to?

$37.4B+8% YoYFY 2025

0.00$20.0B$40.0B20112012201320142015201620172018$41.8B20192020202120222023202420252026$38.1B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $37.4B in 2025, compounding +2% a year since 2022 and the pace is picking up.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Net income

Net income: how much of that revenue becomes profit?

$4.7B−17% YoYFY 2025

0.00$5.0B2011201220132014201520162017201820192020202120222023202420252026$8.2B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $4.7B in 2025, compounding -2% a year over three years. Earnings per share moved +44% over the last twelve months. Trailing twelve-month profit stands at $8.2B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Growth rate

How fast is it growing, year by year?

+7.8%revenue growth, FY 2025

-50%0.0%201220132014201520162017201820192020202120222023202420257.8%-17%

Off the axis: 2018 earnings +337.9% - rebounds off a collapsed prior year.

Revenue grew +8% in 2025 against a five-year average of +3%. Earnings went the other way (-17%) even as sales grew, so margins compressed: costs rose faster than revenue. 2018's +338% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$58.25revenue per share, FY 2025

0.0025.0050.00201120122013201420152016201720182019202020212022202320242025202659.216.24

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $58.25 in 2025, compounding +4% a year against +2% for HON as a whole. Buybacks added roughly 2.1 points to your per-share result. Free cash flow per share stands at $8.43.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Free cash flow

Free cash flow: what is left in real cash after everything?

$5.4B+4% YoYFY 2025

0.00$2.5B$5.0B201120122013201420152016201720182019$6.1B2020202120222023202420252026$4.0B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow was $5.4B in 2025, compounding +6% a year since 2022. The trailing twelve months stand at $4.0B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%10%20112012201320142015201620172018201917%202020212022202320242025202611%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

14 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%2.0%4.0%20112012201320142015201620172018201920202021202220232024202520262.9%5.1%0.5%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is research and development, at 5% of revenue (capital spending 3%, stock compensation 1%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%20%201120122013201420152016201720182019202020212022202320242025202636%22%22%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Operating margin has held near 22% since 2022. After everything, 13 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Returns on capital

What does it earn on the money it uses?

0.0%20%40%201120122013201420152016201720182019202020212022202320242025202644%11%16%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

ROE of 44% sits well above ROCE of 16%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Valuation history

What has the market paid for HON over time?

16.4xP/E today

0.0020.0040.0020152016201720182019202020212022202320242025202611-year median 21.3xP/E 16.41

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 16.4x earnings, the market is paying 23% less than HON's own 11-year median of 21.3x. Pessimism is priced in - the question is whether it is deserved.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Free cash flow yield

What cash return does the business throw off per dollar of market value?

6.0%FCF yield today

0.0%5.0%20152016201720182019202020212022202320242025202611-year median 5.2%FCF yield 6.0%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 6.0% of annual free cash flow, more than its 11-year median of 5.2% - the cash is cheaper than usual.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Debt & cash

Could it handle its debt if things went wrong?

0.00$20.0B201220132014201520162017201820192020202120222023202420252026$34.0B$9.2B

Debt of $34.0B sits against $8.8B of cash, or 1.8x shareholders' equity.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Shareholders' equity

Is the company's own capital growing?

0.00$10.0B$20.0B20122013201420152016$19.4B2017201820192020202120222023202420252026$18.5B

The company's own capital grew from $15.9B in 2023 to $18.5B (+17%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$2.0B$4.0B2011201220132014201520162017201820192020202120222023202420252026

Shareholders received $3.8B in buybacks and $3.0B in dividends in 2025. Stock compensation issued $196M of new shares in the same year, offsetting 3% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Dilution rate

How fast is your ownership being diluted - or concentrated?

-2.0%0.0%201220130.7%201420152016201720182019202020212022202320242025-1.9%

The share count shrank 1.9% in 2025, averaging 2.0% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Dividend per share

Is the dividend cheque growing?

0.002.004.00201120122013201420152016201720182019202020212022202320242025DPS 4.63

The dividend per share reached $4.63 in 2025, compounding +5% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Payout quality

Can it afford the dividend?

0.0%50%100%201120122013201420152016201720182019202020212022202320242025202636%74%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The dividend consumed 63% of profit and 55% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Return on capital employed

Does HON earn more on its capital than that capital costs?

0.0%10%20%202220232024202510% cost of capitalreturn on capital 16%

HON earns 16.2% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 18.9% in 2022, so the trend is down, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Dilution against what it bought

HON has issued or retired shares - did shareholders end up better off?

05010020112012201320142015201620172018201920202021202220232024202581126

HON has shrunk its share count -19% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +26% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Honeywell InternationalHON
Insider flow

Are the people running it buying or selling?

$4M$2M0.00Jul '26Aug '26

Insiders sold $4M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 37 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

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