NASDAQ : HON
Honeywell International Inc. — Financial statements
Industrials · Conglomerates · United States
Last price 219.4 USD (Oct 30, 2026, 2:47 PM EDT) · Market cap 69.63B
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Financial statements
Honeywell International Inc. (HON) reported revenue of 37.74B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 37.74B | 37.44B | 34.72B | 33.01B | 35.47B | 34.39B |
| Cost of Revenue | 23.70B | 23.61B | 21.36B | 20.64B | 22.35B | 22.06B |
| Gross Profit | 14.04B | 13.83B | 13.36B | 12.37B | 13.12B | 12.33B |
| Selling, General & Admin | 4.53B | 4.94B | 4.65B | 4.42B | 4.57B | 3.52B |
| Research & Development | 1.86B | 1.81B | 1.45B | 1.38B | 1.48B | 1.33B |
| Operating Expenses | 6.40B | 6.75B | 6.10B | 5.80B | 6.05B | 4.86B |
| Operating Income | 7.65B | 7.08B | 7.25B | 6.57B | 7.07B | 7.47B |
| Interest Expense | -1.21B | -1.34B | -1.05B | -749.00M | -401.00M | -327.00M |
| Interest & Investment Income | 329.00M | 369.00M | 430.00M | 321.00M | 138.00M | 102.00M |
| Earnings From Equity Investments | -367.00M | 44.00M | 47.00M | 82.00M | 61.00M | 67.00M |
| Currency Exchange Gain (Loss) | 29.00M | 48.00M | -45.00M | 1.00M | -61.00M | -41.00M |
| Other Non Operating Income (Expenses) | 40.00M | 4.00M | -64.00M | -28.00M | -18.00M | 19.00M |
| EBT Excluding Unusual Items | 6.47B | 6.20B | 6.57B | 6.20B | 6.79B | 7.29B |
| Merger & Restructuring Charges | -58.00M | -43.00M | -44.00M | -7.00M | ||
| Impairment of Goodwill | -724.00M | -724.00M | ||||
| Gain (Loss) on Sale of Assets | 6.41B | -301.00M | -220.00M | 5.00M | 22.00M | 102.00M |
| Asset Writedown | -44.00M | -44.00M | -48.00M | |||
| Legal Settlements | -45.00M | -160.00M | ||||
| Other Unusual Items | -1.12B | 387.00M | -17.00M | -8.00M | -387.00M | |
| Pretax Income | 10.93B | 5.48B | 6.24B | 6.19B | 6.38B | 7.24B |
| Income Tax Expense | 1.96B | 1.01B | 1.25B | 1.26B | 1.41B | 1.62B |
| Earnings From Continuing Operations | 8.97B | 4.47B | 5.00B | 4.93B | 4.97B | 5.61B |
| Earnings From Discontinued Operations | -1.93B | 304.00M | 745.00M | 743.00M | ||
| Net Income to Company | 7.03B | 4.77B | 5.74B | 5.67B | 4.97B | 5.61B |
| Minority Interest in Earnings | 18.00M | -43.00M | -35.00M | -14.00M | -1.00M | -68.00M |
| Net Income | 7.05B | 4.73B | 5.71B | 5.66B | 4.97B | 5.54B |
| Net Income to Common | 7.05B | 4.73B | 5.71B | 5.66B | 4.97B | 5.54B |
| Shares Outstanding (Basic) | 317.32M | 319.50M | 325.45M | 331.50M | 338.55M | 346.15M |
| Shares Outstanding (Diluted) | 319.23M | 321.40M | 327.65M | 334.10M | 341.55M | 350.20M |
| EPS (Basic) | 22.22 | 14.80 | 17.53 | 17.07 | 14.67 | 16.01 |
| EPS (Diluted) | 22.10 | 14.72 | 17.40 | 16.94 | 14.54 | 15.82 |
| Free Cash Flow | 967.00M | 5.42B | 5.23B | 4.60B | 4.51B | 5.14B |
| Free Cash Flow Per Share | 3.03 | 16.87 | 15.95 | 13.77 | 13.20 | 14.69 |
| Dividend Per Share | 7.84 | 9.16 | 8.74 | 8.34 | 7.94 | 7.54 |
| Gross Margin | 37.21% | 36.93% | 38.47% | 37.48% | 36.99% | 35.85% |
| Operating Margin | 20.26% | 18.91% | 20.89% | 19.92% | 19.93% | 21.73% |
| Profit Margin | 18.68% | 12.63% | 16.43% | 17.14% | 14.00% | 16.11% |
| Free Cash Flow Margin | 2.56% | 14.48% | 15.05% | 13.93% | 12.71% | 14.95% |
| EBITDA | 9.02B | 8.47B | 8.40B | 7.58B | 8.27B | 8.70B |
| EBITDA Margin | 23.89% | 22.62% | 24.21% | 22.96% | 23.33% | 25.29% |
| D&A For EBITDA | 1.37B | 1.39B | 1.15B | 1.00B | 1.20B | 1.22B |
| EBIT | 7.65B | 7.08B | 7.25B | 6.57B | 7.07B | 7.47B |
| EBIT Margin | 20.26% | 18.91% | 20.89% | 19.92% | 19.93% | 21.73% |
| Effective Tax Rate | 17.93% | 18.41% | 20.00% | 20.38% | 22.13% | 22.46% |
| Revenue as Reported | 37.74B | 37.44B | 34.72B | 33.01B | 35.47B | 34.39B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.69B | 12.49B | 9.91B | 7.92B | 9.63B | 10.96B |
| Short-Term Investments | 492.00M | 443.00M | 386.00M | 170.00M | 483.00M | 564.00M |
| Cash & Short-Term Investments | 6.19B | 12.93B | 10.29B | 8.10B | 10.11B | 11.52B |
| Accounts Receivable | 5.09B | 7.62B | 7.25B | 7.53B | 7.44B | 6.83B |
| Other Receivables | 5.00M | 159.00M | 181.00M | 181.00M | 181.00M | |
| Receivables | 5.09B | 7.63B | 7.41B | 7.71B | 7.62B | 7.01B |
| Inventory | 2.06B | 6.16B | 5.88B | 6.18B | 5.54B | 5.14B |
| Other Current Assets | 988.00M | 3.67B | 4.33B | 1.52B | 1.71B | 1.70B |
| Total Current Assets | 14.32B | 30.39B | 27.91B | 23.50B | 24.98B | 25.37B |
| Property, Plant & Equipment | 3.27B | 5.50B | 5.39B | 6.66B | 6.35B | 6.51B |
| Long-Term Investments | 7.40B | 1.40B | 1.23B | 939.00M | 945.00M | 1.22B |
| Goodwill | 17.56B | 21.08B | 21.02B | 18.05B | 17.50B | 17.76B |
| Other Intangible Assets | 5.44B | 6.74B | 6.62B | 3.23B | 3.22B | 3.61B |
| Long-Term Accounts Receivable | 1.44B | 2.10B | 1.95B | |||
| Long-Term Deferred Tax Assets | 199.00M | 199.00M | 235.00M | 392.00M | 421.00M | 489.00M |
| Long-Term Deferred Charges | 1.19B | 1.16B | 1.19B | 1.30B | 1.30B | |
| Other Long-Term Assets | 3.48B | 7.18B | 9.53B | 5.61B | 7.56B | 8.21B |
| Total Assets | 53.10B | 73.68B | 75.20B | 61.52B | 62.27B | 64.47B |
| Accounts Payable | 3.59B | 6.32B | 6.11B | 6.85B | 6.33B | 6.48B |
| Accrued Expenses | 4.98B | 3.11B | 2.95B | 2.82B | 4.27B | 3.09B |
| Short-Term Debt | 2.42B | 5.89B | 4.27B | 2.08B | 2.72B | 3.54B |
| Current Portion of Long-Term Debt | 3.75B | 1.51B | 1.28B | 1.71B | 1.65B | 1.75B |
| Current Portion of Leases | 164.00M | 211.00M | 223.00M | 282.00M | 269.00M | 242.00M |
| Current Income Taxes Payable | 791.00M | 957.00M | 680.00M | 549.00M | 393.00M | |
| Current Unearned Revenue | 3.86B | 3.43B | 3.50B | 3.56B | 3.16B | |
| Other Current Liabilities | 1.73B | 2.03B | 615.00M | 594.00M | 852.00M | |
| Total Current Liabilities | 14.91B | 23.41B | 21.26B | 18.54B | 19.94B | 19.51B |
| Long-Term Debt | 10.34B | 27.11B | 25.39B | 16.46B | 14.98B | 14.15B |
| Long-Term Leases | 555.00M | 836.00M | 909.00M | 996.00M | 920.00M | 946.00M |
| Long-Term Unearned Revenue | 1.11B | 1.17B | 1.17B | 1.33B | 1.32B | |
| Pension & Post-Retirement Benefits | 80.00M | 1.26B | 1.31B | 1.48B | 1.45B | 1.88B |
| Long-Term Deferred Tax Liabilities | 1.56B | 1.58B | 1.58B | 2.09B | 2.09B | 2.36B |
| Other Long-Term Liabilities | 2.99B | 3.34B | 4.41B | 4.34B | 4.23B | 5.04B |
| Total Liabilities | 30.44B | 58.65B | 56.03B | 45.08B | 44.95B | 45.22B |
| Common Stock | 479.00M | 958.00M | 958.00M | 958.00M | 958.00M | 958.00M |
| Additional Paid-In Capital | 11.13B | 10.16B | 9.70B | 9.06B | 8.56B | 8.14B |
| Retained Earnings | 58.76B | 50.96B | 50.84B | 47.98B | 45.09B | 42.83B |
| Treasury Stock | -43.85B | -43.03B | -39.38B | -38.01B | -34.44B | -30.46B |
| Comprehensive Income & Other | -4.10B | -5.15B | -3.49B | -4.13B | -3.48B | -2.90B |
| Total Common Equity | 22.42B | 13.90B | 18.62B | 15.86B | 16.70B | 18.57B |
| Minority Interest | 237.00M | 1.13B | 542.00M | 585.00M | 629.00M | 680.00M |
| Shareholders' Equity | 22.65B | 15.03B | 19.16B | 16.44B | 17.33B | 19.25B |
| Total Liabilities & Equity | 53.10B | 73.68B | 75.20B | 61.52B | 62.27B | 64.47B |
| Total Debt | 17.24B | 35.56B | 32.08B | 21.54B | 20.54B | 20.63B |
| Net Cash (Debt) | -11.05B | -22.63B | -21.79B | -13.44B | -10.43B | -9.11B |
| Net Cash Per Share | -34.63 | -70.42 | -66.49 | -40.23 | -30.53 | -26.01 |
| Filing Date Shares Outstanding | 317.36M | 317.84M | 324.96M | 326.09M | 334.07M | 342.91M |
| Total Common Shares Outstanding | 317.36M | 317.65M | 324.90M | 325.90M | 333.80M | 342.40M |
| Working Capital | -595.00M | 6.97B | 6.65B | 4.96B | 5.04B | 5.86B |
| Book Value Per Share | 70.64 | 43.77 | 57.31 | 48.65 | 50.02 | 54.23 |
| Tangible Book Value | -586.00M | -13.91B | -9.02B | -5.42B | -4.02B | -2.80B |
| Tangible Book Value Per Share | -1.85 | -43.79 | -27.77 | -16.64 | -12.05 | -8.18 |
| Land | 177.00M | 192.00M | 211.00M | 216.00M | 226.00M | |
| Buildings | 3.02B | 3.03B | 3.53B | 3.39B | 3.23B | |
| Machinery | 8.10B | 7.72B | 10.72B | 10.38B | 10.14B | |
| Construction In Progress | 764.00M | 764.00M | 878.00M | 769.00M | 856.00M | |
| Order Backlog | 37.48B | 32.60B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.05B | 4.73B | 5.71B | 5.66B | 4.97B | 5.54B |
| Depreciation & Amortization | 1.37B | 1.39B | 1.15B | 1.00B | 1.20B | 1.22B |
| Loss (Gain) From Sale of Assets | -6.42B | 288.00M | 220.00M | -5.00M | -22.00M | -102.00M |
| Asset Writedown & Restructuring Costs | 1.02B | 179.00M | -231.00M | 399.00M | 754.00M | -123.00M |
| Stock-Based Compensation | 263.00M | 196.00M | 189.00M | 197.00M | 188.00M | 217.00M |
| Other Operating Activities | 1.67B | -353.00M | -1.64B | -2.84B | -1.07B | -939.00M |
| Change in Accounts Receivable | -1.03B | -825.00M | -129.00M | 67.00M | -739.00M | -8.00M |
| Change in Inventory | -389.00M | -636.00M | -286.00M | -549.00M | -440.00M | -685.00M |
| Change in Accounts Payable | 392.00M | 724.00M | 78.00M | 444.00M | -155.00M | 744.00M |
| Change in Income Taxes | -1.05B | -707.00M | -69.00M | -408.00M | ||
| Change in Other Net Operating Assets | 1.11B | 1.09B | 122.00M | 494.00M | 589.00M | 237.00M |
| Operating Cash Flow | 1.95B | 6.41B | 6.10B | 5.34B | 5.27B | 6.04B |
| Capital Expenditures | -980.00M | -986.00M | -871.00M | -741.00M | -766.00M | -895.00M |
| Sale of Property, Plant & Equipment | 31.00M | 31.00M | 43.00M | 29.00M | 27.00M | |
| Cash Acquisitions | -1.77B | -2.21B | -8.88B | -718.00M | -178.00M | -1.33B |
| Divestitures | 831.00M | 1.16B | 4.00M | 203.00M | ||
| Investment in Securities | -60.00M | -34.00M | -207.00M | 411.00M | 44.00M | 152.00M |
| Other Investing Activities | 135.00M | -668.00M | -199.00M | -292.00M | 778.00M | 778.00M |
| Investing Cash Flow | -1.82B | -2.71B | -10.16B | -1.29B | -93.00M | -1.06B |
| Short-Term Debt Issued | 24.30B | 13.84B | 12.99B | 7.66B | 5.19B | |
| Long-Term Debt Issued | 4.04B | 10.41B | 2.99B | 2.95B | 2.52B | |
| Total Debt Issued | 17.54B | 28.33B | 24.25B | 15.98B | 10.61B | 7.71B |
| Short-Term Debt Repaid | -22.82B | -11.58B | -13.66B | -8.45B | -5.19B | |
| Long-Term Debt Repaid | -2.91B | -1.81B | -1.73B | -1.85B | -4.92B | |
| Total Debt Repaid | -38.03B | -25.72B | -13.39B | -15.39B | -10.30B | -10.11B |
| Net Debt Issued (Repaid) | -20.49B | 2.61B | 10.86B | 583.00M | 317.00M | -2.40B |
| Issuance of Common Stock | 343.00M | 237.00M | 537.00M | 196.00M | 320.00M | 229.00M |
| Repurchase of Common Stock | -1.10B | -3.80B | -1.66B | -3.71B | -4.20B | -3.38B |
| Common Dividends Paid | -2.58B | -2.98B | -2.90B | -2.85B | -2.72B | -2.63B |
| Other Financing Activities | 16.49B | 1.98B | 3.00M | 28.00M | -48.00M | -81.00M |
| Financing Cash Flow | -7.33B | -1.95B | 6.84B | -5.76B | -6.33B | -8.25B |
| Foreign Exchange Rate Adjustments | -37.00M | 176.00M | -137.00M | 14.00M | -183.00M | -39.00M |
| Net Cash Flow | -7.24B | 1.92B | 2.64B | -1.70B | -1.33B | -3.32B |
| Free Cash Flow | 967.00M | 5.42B | 5.23B | 4.60B | 4.51B | 5.14B |
| Free Cash Flow Margin | 2.56% | 14.48% | 15.05% | 13.93% | 12.71% | 14.95% |
| Free Cash Flow Per Share | 3.03 | 16.87 | 15.95 | 13.77 | 13.20 | 14.69 |
| Levered Free Cash Flow | 7.02B | 4.66B | 3.16B | 2.73B | 5.09B | 5.13B |
| Unlevered Free Cash Flow | 7.78B | 5.50B | 3.81B | 3.20B | 5.34B | 5.33B |
| Cash Interest Paid | 1.30B | 1.30B | 869.00M | 649.00M | 375.00M | 339.00M |
| Cash Income Tax Paid | 1.80B | 1.80B | 1.69B | 1.58B | 1.32B | 1.20B |
| Change in Working Capital | -963.00M | -352.00M | -284.00M | 48.00M | -745.00M | 288.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 69.29B | 123.86B | 146.88B | 138.25B | 144.08B | 143.54B |
| Enterprise Value | 80.34B | 149.69B | 168.51B | 152.17B | 154.69B | 153.95B |
| Last Close Price | 218.33 | 201.77 | 215.41 | 195.80 | 195.76 | 186.61 |
| PE Ratio | 9.88 | 26.19 | 25.75 | 24.43 | 29.01 | 25.90 |
| Forward PE | 22.98 | 19.07 | 21.93 | 21.37 | 23.37 | 24.27 |
| PS Ratio | 1.84 | 3.31 | 4.23 | 4.19 | 4.06 | 4.17 |
| PB Ratio | 3.09 | 8.24 | 7.67 | 8.41 | 8.32 | 7.46 |
| P/FCF Ratio | 71.65 | 22.84 | 28.11 | 30.06 | 31.96 | 27.91 |
| P/OCF Ratio | 35.59 | 19.33 | 24.09 | 25.89 | 27.32 | 23.77 |
| PEG Ratio | 1.48 | 2.71 | 2.79 | 2.73 | 2.74 | 2.02 |
| EV/Sales Ratio | 2.13 | 4.00 | 4.85 | 4.61 | 4.36 | 4.48 |
| EV/EBITDA Ratio | 8.91 | 17.68 | 20.05 | 20.08 | 18.70 | 17.70 |
| EV/EBIT Ratio | 10.51 | 21.14 | 23.23 | 23.15 | 21.88 | 20.60 |
| EV/FCF Ratio | 83.08 | 27.61 | 32.24 | 33.09 | 34.31 | 29.93 |
| Debt / Equity Ratio | 0.76 | 2.37 | 1.67 | 1.31 | 1.19 | 1.07 |
| Debt / EBITDA Ratio | 1.86 | 4.08 | 3.71 | 2.76 | 2.41 | 2.30 |
| Debt / FCF Ratio | 17.83 | 6.56 | 6.14 | 4.68 | 4.56 | 4.01 |
| Net Debt / Equity Ratio | 0.49 | 1.51 | 1.14 | 0.82 | 0.60 | 0.47 |
| Net Debt / EBITDA Ratio | 1.23 | 2.67 | 2.59 | 1.77 | 1.26 | 1.05 |
| Net Debt / FCF Ratio | 11.43 | 4.17 | 4.17 | 2.92 | 2.31 | 1.77 |
| Asset Turnover | 0.56 | 0.50 | 0.51 | 0.53 | 0.56 | 0.53 |
| Inventory Turnover | 5.17 | 3.92 | 3.54 | 3.52 | 4.19 | 4.58 |
| Quick Ratio | 0.76 | 0.88 | 0.83 | 0.85 | 0.89 | 0.95 |
| Current Ratio | 0.96 | 1.30 | 1.31 | 1.27 | 1.25 | 1.30 |
| Return on Equity (ROE) | 44.39% | 26.14% | 28.06% | 29.19% | 27.16% | 30.29% |
| Return on Assets (ROA) | 7.13% | 5.95% | 6.63% | 6.64% | 6.97% | 7.24% |
| Return on Invested Capital (ROIC) | 16.03% | 14.70% | 16.38% | 18.16% | 19.62% | 21.40% |
| Return on Capital Employed (ROCE) | 20.00% | 14.10% | 13.40% | 15.30% | 16.70% | 16.60% |
| Earnings Yield | 10.12% | 3.82% | 3.88% | 4.09% | 3.45% | 3.86% |
| FCF Yield | 1.40% | 4.38% | 3.56% | 3.33% | 3.13% | 3.58% |
| Dividend Yield | 1.28% | 2.35% | 1.93% | 1.97% | 1.84% | 1.80% |
| Payout Ratio | 27.87% | 62.93% | 50.87% | 50.46% | 54.75% | 47.38% |
| Buyback Yield / Dilution | 1.31% | 1.91% | 1.93% | 2.18% | 2.47% | 1.52% |
| Total Shareholder Return | 2.59% | 4.26% | 3.86% | 4.15% | 4.31% | 3.32% |