Honeywell International Inc. (HON) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.82	$1.95	+7.1%	—	—	—
Q4 26	$4.64	$4.9	+5.6%	—	—	—
Q3 26	$5.07	$5.18	+2.2%	—	—	—
Q2 26	$5.13	$5.64	+9.9%	—	—	—
Q1 26	$5.32	$5.5	+3.4%	—	—	—
Q4 25	$4.42	$5.02	+13.6%	—	—	—
Q3 25	$4.69	$4.94	+5.3%	—	—	—
Q2 25	$5.01	$5.16	+3.0%	—	—	—
Q1 25	$4.83	$4.98	+3.1%	—	—	—
Q4 24	$4.36	$4.5	+3.2%	—	—	—
Q3 24	$5.18	$5.2	+0.4%	—	—	—
Q2 24	$2.23	$2.27	+1.8%	—	—	—
Q1 24	$4.43	$4.46	+0.7%	—	—	—
Q4 23	$3.85	$4.14	+7.5%	—	—	—
Q3 23	$5.02	$5.04	+0.4%	—	—	—
Q2 23	$4.3	$4.5	+4.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$14.8	—	—	$37.4B	—
FY24	—	$8.76	—	—	$38.5B	—
FY23	—	$8.53	—	—	$36.7B	—
FY22	—	$7.33	—	—	$35.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$39.3B	$40.5B	$41.8B	$36.7B	$32.6B	$34.4B	$35.5B	$36.7B	$38.5B	$37.4B
YoY change	+1.87%	+3.13%	+3.13%	-12.2%	-11.1%	+5.38%	+3.12%	+3.37%	+5.01%	-2.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	39.3B	40.5B	41.8B	36.7B	32.6B	34.4B	35.5B	36.7B	38.5B	37.4B
Cost of revenue	27.7B	28.1B	29B	24.3B	22.2B	22.1B	22.3B	23B	23.8B	23.6B
Gross profit	11.6B	12.4B	12.8B	12.4B	10.5B	12.3B	13.1B	13.7B	14.7B	13.8B
Gross margin	29.6%	30.6%	30.5%	33.7%	32.1%	35.9%	37%	37.3%	38.1%	36.9%
Research & development	—	—	—	—	—	1.3B	1.5B	1.5B	1.5B	1.8B
Selling, general & administrative	4.9B	5.2B	4.9B	4.9B	3.8B	3.5B	4.6B	4.7B	5.5B	5.5B
Operating expenses	4.9B	5.2B	4.9B	4.9B	3.8B	4.9B	6B	6.1B	7B	7.3B
Operating income	6.7B	7.2B	7.9B	7.5B	6.7B	7.5B	7.1B	7.6B	7.7B	6.6B
Operating margin	17%	17.8%	18.9%	20.4%	20.4%	21.7%	19.9%	20.6%	19.9%	17.5%
Non-operating income, net	-4M	-84M	-265M	157M	-390M	3M	-415M	49M	185M	-116M
Pretax income	6.5B	7B	7.5B	7.6B	6B	7.2B	6.4B	7.2B	7.2B	5.5B
Income tax	1.6B	5.4B	659M	1.3B	1.1B	1.6B	1.4B	1.5B	1.5B	1B
Net income	4.8B	1.6B	6.8B	6.2B	4.9B	5.6B	5B	5.7B	5.7B	4.8B
Net margin	12.3%	3.92%	16.3%	17%	14.9%	16.3%	14%	15.5%	14.9%	12.7%
EBITDA	7.7B	8.4B	9.2B	8.9B	7.8B	8.9B	8.5B	9.1B	9.9B	9.6B
EPS	6.29	2.17	9.1	8.52	6.79	8.01	7.33	8.53	8.76	14.8
Diluted EPS	6.2	2.14	8.98	8.41	6.72	7.91	7.27	8.47	8.71	14.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	10.4B	6.9B	9.1B	9.7B
Cost of revenue	—	—	—	—	—	—	—	—	6.9B	4.4B	5.6B	6.1B
Gross profit	—	—	—	—	—	—	—	—	3.5B	2.5B	3.5B	3.7B
Gross margin	—	—	—	—	—	—	—	—	34.1%	36.1%	38.7%	37.6%
Research & development	—	—	—	—	—	—	—	—	497M	395M	492M	524M
Selling, general & administrative	—	—	—	—	—	—	—	—	1.3B	1.4B	1.3B	1.3B
Operating expenses	—	—	—	—	—	—	—	—	1.8B	1.8B	1.8B	1.9B
Operating income	2.1B	1.6B	1.9B	2B	2B	1.8B	1.7B	1.8B	1.8B	714M	1.7B	1.8B
Operating margin	—	—	—	—	—	—	—	—	16.9%	10.4%	19%	18.4%
Non-operating income, net	—	—	—	—	—	—	—	—	736M	-955M	-585M	6B
Pretax income	—	—	—	—	—	—	—	—	2.2B	-501M	886M	7.5B
Income tax	—	—	—	—	—	—	—	—	363M	-74M	91M	1.6B
Net income	—	—	—	—	—	—	—	—	1.9B	-123M	795M	5.7B
Net margin	—	—	—	—	—	—	—	—	17.9%	-1.79%	8.7%	58.5%
EBITDA	—	—	—	—	—	—	—	—	3.3B	1.1B	2.4B	2.4B
EPS	2.29	1.92	2.24	2.37	2.17	1.98	2.24	4.92	5.74	0.92	2.58	17.9
Diluted EPS	2.27	1.91	2.23	2.36	2.16	1.96	2.22	4.9	5.72	0.92	2.58	17.8

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	80B	105.6B	92.5B	120.3B	141.2B	136.1B	136.8B	131B	138.6B	—	67B
Enterprise value	86.4B	112.6B	97.8B	126.6B	149.1B	145.2B	147.2B	144.5B	159.9B	—	93.4B
Shares outstanding	764.3M	762.1M	743M	721M	704.1M	692.3M	677.1M	663M	650.9M	319.5M	319.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.5	66.5	13.6	19.3	29	24.3	27.5	23.1	24.1	—	8.15
P/S	2.04	2.6	2.21	3.28	4.32	3.96	3.86	3.57	3.6	—	1.77
P/B	4.09	6.33	5.04	6.43	7.93	7.07	7.89	7.97	7.23	—	3.63
EV/EBITDA	11.3	13.4	10.6	14.2	19.1	16.3	17.4	15.9	16.1	—	11
EV/Sales	2.2	2.78	2.34	3.45	4.57	4.22	4.15	3.94	4.15	—	2.46
Earnings yield	6.06%	1.5%	7.38%	5.18%	3.45%	4.12%	3.63%	4.33%	4.14%	—	12.3%
FCF yield	5.5%	4.67%	6.06%	5.04%	3.76%	3.78%	3.3%	3.28%	3.56%	—	3.89%
PEG	—	—	—	—	—	—	—	—	—	—	0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	29.6%	30.6%	30.5%	33.7%	32.1%	35.9%	37%	37.3%	38.1%	36.9%	37.6%
Operating margin	17%	17.8%	18.9%	20.4%	20.4%	21.7%	19.9%	20.6%	19.9%	17.5%	20.2%
Net margin	12.3%	3.92%	16.3%	17%	14.9%	16.3%	14%	15.5%	14.9%	12.7%	21.6%
ROE	24.8%	9.53%	37.2%	33.3%	27.3%	29.1%	28.7%	34.5%	30%	31.7%	46.6%
ROA	8.96%	2.67%	11.8%	10.6%	7.53%	8.7%	7.98%	9.22%	7.63%	6.48%	5.72%
ROIC	19.4%	6.93%	30.4%	24.7%	20.9%	20.4%	19.8%	20%	15.1%	14.2%	11.1%
Return on tangible assets	51.2%	11.4%	37.1%	31%	19.2%	25.8%	23.8%	29.9%	31.5%	26.4%	33.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.41	1.38	1.29	1.34	1.47	1.3	1.25	1.27	1.31	1.3	1.21
Quick ratio	1.14	1.13	1.06	1.1	1.23	1.04	0.98	0.93	1.01	1.03	0.93
Debt / equity	0.81	1.07	0.88	0.89	1.3	1.07	1.19	1.31	1.68	2.37	1.85
Debt / assets	0.29	0.3	0.28	0.28	0.36	0.32	0.33	0.35	0.43	0.48	0.44
Net debt / EBITDA	0.84	0.84	0.57	0.71	1.02	1.03	1.23	1.48	2.15	2.35	2.7
Interest coverage	20.1	23	21.4	22.2	17.7	22.1	16.4	10.4	7.82	5.07	8
Effective tax rate	24.8%	77.2%	8.8%	17.6%	19.1%	22.5%	22.1%	20.8%	20.4%	18.4%	19.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	51.4	53.2	56.3	50.9	46.4	49.7	52.4	55.3	59.1	117.2	119.9
EPS (basic)	6.29	2.17	9.1	8.52	6.79	8.01	7.33	8.53	8.76	14.8	14.8
EPS (diluted)	6.2	2.14	8.98	8.41	6.72	7.91	7.27	8.47	8.71	14.7	26
Book value per share	25.6	21.9	24.7	26	25.3	27.8	25.6	24.8	29.4	47	58.5
FCF per share	5.76	6.48	7.55	8.4	7.53	7.43	6.66	6.49	7.58	17	12.6
Cash per share	12.3	14.2	14.7	14.4	21.6	16.6	14.9	12.2	16.8	40.5	29
Capex per share	0.03	0.11	0.02	0.06	0.08	0.04	0.04	0.06	0	3.09	3.48

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.05%	0.21%	0.04%	0.12%	0.17%	0.08%	0.08%	0.12%	0%	2.63%	3.07%
Capex / operating cash flow	0.36%	1.31%	0.2%	0.62%	0.88%	0.4%	0.53%	0.82%	0%	15.4%	21.6%
Payout ratio	39.5%	133.4%	33.3%	39.2%	53.3%	46.8%	54.7%	50.3%	50.6%	62.4%	36.1%
Dividend yield	2.39%	2.01%	2.46%	2.03%	1.84%	1.93%	1.99%	2.18%	2.09%	—	1.32%

Yield

1.32%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.70

ex-dividend Aug 14, 2026

Payout ratio

36%

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.70
Jun 29, 2026	$115.8941
May 15, 2026	$1.19

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$10.4B	$6.9B	$9.1B	$9.7B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	9.4B	10.8B	10.9B	10.4B	15.2B	11.5B	10.1B	8.1B	11B	12.9B
Receivables	8.2B	8.9B	7.5B	7.5B	6.8B	6.8B	7.4B	7.5B	7.8B	7.6B
Inventory	4.4B	4.6B	4.3B	4.4B	4.5B	5.1B	5.5B	6.2B	6.4B	6.2B
Total current assets	23.1B	26B	24.4B	24.3B	28.2B	25.4B	25B	23.5B	27.9B	30.4B
Property, plant & equipment	2.5B	2.5B	2.2B	2.2B	2.3B	2.3B	2.1B	2.1B	2.5B	1.6B
Goodwill & intangibles	44.7B	45.5B	39.4B	38.6B	39.2B	42.7B	41.4B	42.6B	57B	55.6B
Total assets	54.1B	59.5B	57.8B	58.7B	64.6B	64.5B	62.3B	61.5B	75.2B	73.7B
Accounts payable	5.7B	6.6B	5.6B	5.7B	5.8B	6.5B	6.3B	6.8B	6.9B	6.3B
Short-term debt	3.6B	5.3B	6.5B	5.1B	6.2B	5.5B	4.6B	4.1B	5.8B	7.6B
Total current liabilities	16.3B	18.9B	18.9B	18.1B	19.2B	19.5B	19.9B	18.5B	21.3B	23.4B
Long-term debt	12.2B	12.6B	9.8B	11.6B	17B	15.1B	15.9B	17.5B	26.4B	27.9B
Total liabilities	34.6B	42.8B	39.4B	40B	46.8B	45.2B	44.9B	45.1B	56B	58.7B
Shareholders' equity	19.6B	16.7B	18.4B	18.7B	17.8B	19.2B	17.3B	16.4B	19.2B	15B
Total debt	15.8B	17.9B	16.2B	16.7B	23.2B	20.6B	20.5B	21.5B	32.2B	35.6B
Net debt	7.9B	10.8B	6.9B	7.6B	8.9B	9.7B	10.9B	13.6B	21.7B	23.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	7.9B	8.1B	12B	9.8B	10.9B	11B	10.1B	10.7B	13.4B	12.9B	12.4B	9.2B
Receivables	7.8B	7.5B	7.5B	7.8B	7.9B	7.8B	8.3B	8.8B	8.9B	7.6B	8.1B	8.3B
Inventory	6B	6.2B	6.3B	6.3B	6.3B	6.4B	6.6B	7B	7.1B	6.2B	6.4B	6.4B
Total current assets	23.3B	23.5B	27.4B	25.4B	28.2B	27.9B	27.6B	28B	30.7B	30.4B	30.6B	28.1B
Property, plant & equipment	—	2.1B	—	—	—	2.5B	—	—	—	1.6B	—	—
Goodwill & intangibles	42.2B	42.6B	42.2B	52.1B	54B	57B	57.1B	62.3B	61.7B	55.6B	55.3B	52.8B
Total assets	61.3B	61.5B	65.6B	69.3B	73.5B	75.2B	75.2B	78.4B	80.9B	73.7B	74B	77.3B
Accounts payable	6.4B	6.8B	6.5B	6.5B	6.6B	6.9B	6.7B	7.1B	7.3B	6.3B	6B	6.4B
Short-term debt	3.6B	4.1B	3.1B	7.1B	4.9B	5.8B	7.1B	6.3B	6.9B	7.6B	7.7B	7.8B
Total current liabilities	17.2B	18.5B	16.5B	21B	19.5B	21.3B	22.1B	21.6B	22.6B	23.4B	22.1B	23.2B
Long-term debt	16.7B	17.5B	22.2B	20.9B	25.9B	26.4B	25.7B	30.2B	30.1B	27.9B	29B	26.2B
Total liabilities	43.5B	45.1B	48.6B	51.8B	55.5B	56B	57.2B	61.8B	63.2B	58.7B	59.3B	58.5B
Shareholders' equity	17.8B	16.4B	17.1B	17.5B	18B	19.2B	18B	16.7B	17.8B	15B	14.7B	18.9B
Total debt	20.3B	21.5B	25.3B	27.9B	30.8B	32.2B	32.8B	36.5B	37B	35.6B	36.7B	34B
Net debt	12.5B	13.6B	13.5B	18.4B	20.2B	21.7B	23.2B	26.2B	24.1B	23.1B	24.8B	25.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4.8B	1.6B	6.8B	6.2B	4.9B	5.6B	5B	5.7B	5.7B	4.5B
Depreciation & amortization	1B	1.1B	1.1B	1.1B	1B	1.2B	1.2B	1.2B	1.3B	1.4B
Stock-based compensation	184M	176M	175M	153M	168M	217M	188M	202M	194M	196M
Change in working capital	-417M	-585M	212M	-401M	808M	-225M	-1.1B	-133M	66M	-1.7B
Operating cash flow	5.8B	6.6B	7.3B	7B	6.4B	6.7B	5.4B	5.3B	6.2B	6.4B
Capital expenditure	21M	86M	15M	43M	57M	27M	29M	43M	0	-986M
Investing cash flow	-2.2B	-2.5B	2.3B	408M	-81M	-166M	673M	-254M	-9B	-2.5B
Dividends paid	-1.9B	-2.1B	-2.3B	-2.4B	-2.6B	-2.6B	-2.7B	-2.9B	-2.9B	-3B
Share repurchases	-2.1B	-2.9B	-4B	-4.4B	-3.7B	-3.4B	-4.2B	-3.7B	-1.7B	-3.8B
Financing cash flow	-21.1B	-17B	-29.1B	-20.8B	-10.5B	-13.4B	-14.8B	-19.4B	-4.7B	-24.8B
Net change in cash	-17.6B	-13B	-19.5B	-13.4B	-4.1B	-6.9B	-8.7B	-14.4B	-7.5B	-20.8B
Free cash flow	4.4B	4.9B	5.6B	6.1B	5.3B	5.1B	4.5B	4.3B	4.9B	5.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.5B	1.2B	1.5B	1.6B	1.4B	1.3B	1.5B	1.7B	1.9B	-427M	795M	5.7B
Depreciation & amortization	308M	301M	291M	309M	357M	377M	374M	453M	502M	213M	357M	312M
Stock-based compensation	39M	54M	53M	55M	45M	41M	61M	59M	40M	42M	57M	51M
Change in working capital	-34M	422M	-404M	-17M	301M	464M	-739M	-1B	-178M	254M	-1.3B	-461M
Operating cash flow	1.8B	2.1B	1.2B	1.4B	1.6B	1.9B	866M	1B	3.3B	1.2B	-650M	1.3B
Capital expenditure	8M	22M	0	0	0	0	23M	0	-512M	-58M	-223M	-315M
Investing cash flow	204M	-175M	-40M	-4.9B	-2.5B	-1.6B	-120M	-1.2B	-626M	-82M	-119M	-929M
Dividends paid	-728M	-711M	-703M	-743M	-715M	-741M	-732M	-747M	-735M	-762M	-781M	-795M
Share repurchases	-1B	-1.5B	-671M	-529M	0	-455M	-1.9B	-1.7B	-100M	-100M	-1B	0
Financing cash flow	-6.1B	-4.5B	1.2B	-417M	-2.2B	-3.3B	-4.6B	-5.8B	-6.9B	-7.4B	-5.8B	-8.8B
Net change in cash	-4.1B	-2.6B	2.4B	-3.9B	-3.2B	-3B	-3.8B	-6B	-4.3B	-6.3B	-6.5B	-8.5B
Free cash flow	1.6B	2.6B	215M	1.1B	1.7B	1.9B	346M	955M	2.8B	1.1B	-873M	961M

Date	Ratio
Jun 29, 2026	1907:2000
Oct 30, 2025	1061:1000
Oct 29, 2018	1032:1000
Oct 1, 2018	1011:1000
Oct 3, 2016	10000:9947
Sep 16, 1997	2:1
Mar 15, 1994	2:1

Honeywell International Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history