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HON

Honeywell International Inc.

HON

Honeywell International Inc. • NASDAQ
$192.19 ▲ 1.16% (+2.20)
Market Cap $122.02 B
52w High $227.82
52w Low $169.05
Dividend Yield 4.39%
P/E 20.29
Volume 1.39M
Outstanding Shares 634.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $10.408B ▲ $1.793B ▼ $1.825B ▲ 17.535% ▲ $2.87 ▲ $2.973B ▲
Q2-2025 $10.353B ▲ $1.899B ▲ $1.57B ▲ 15.165% ▲ $2.46 ▲ $2.605B ▲
Q1-2025 $9.821B ▼ $1.79B ▲ $1.449B ▲ 14.754% ▲ $2.24 ▲ $2.544B ▲
Q4-2024 $10.089B ▲ $1.774B ▲ $1.285B ▼ 12.737% ▼ $1.98 ▼ $2.212B ▼
Q3-2024 $9.728B $1.738B $1.413B 14.525% $2.17 $2.478B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.359B ▲ $80.917B ▲ $63.17B ▲ $16.782B ▲
Q2-2025 $10.677B ▲ $78.419B ▲ $61.765B ▲ $16.095B ▼
Q1-2025 $10.059B ▼ $75.218B ▲ $57.187B ▲ $17.463B ▼
Q4-2024 $10.953B ▲ $75.196B ▲ $56.035B ▲ $18.619B ▲
Q3-2024 $10.919B $73.492B $55.511B $17.406B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $34M ▼ $3.288B ▲ $-488M ▲ $-219M ▼ $2.581B ▲ $2.914B ▲
Q2-2025 $1.569B ▲ $1.319B ▲ $-1.509B ▼ $759M ▲ $692M ▲ $1.016B ▲
Q1-2025 $1.467B ▲ $597M ▼ $-371M ▲ $-1.18B ▼ $-910M ▼ $346M ▼
Q4-2024 $1.29B ▼ $2.281B ▲ $-1.955B ▲ $-219M ▼ $-77M ▼ $1.888B ▲
Q3-2024 $1.415B $1.997B $-2.797B $1.76B $1.068B $1.718B

Revenue by Products

Product Q3-2023Q4-2023Q2-2025Q3-2025
Aerospace
Aerospace
 $0 ▲$0 ▲$4.31Bn ▲$4.51Bn ▲
Energy and Sustainability Solutions
Energy and Sustainability Solutions
 $0 ▲$0 ▲$1.84Bn ▲$1.74Bn ▼
Home And Building Technologies
Home And Building Technologies
 $0 ▲$0 ▲$1.83Bn ▲$1.88Bn ▲
Safety And Productivity Solutions
Safety And Productivity Solutions
 $0 ▲$0 ▲$2.38Bn ▲$2.27Bn ▼
Product
Product
 $6.29Bn ▲$6.73Bn ▲$0 ▼$0 ▲
Service
Service
 $2.92Bn ▲$2.71Bn ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Honeywell’s income statement shows steady, healthy growth over the past five years. Sales have climbed gradually each year, and profits have grown a bit faster than sales, which suggests that the company is becoming more efficient and protecting its margins. Operating profit and net profit remain strong and fairly resilient, even through more challenging economic periods. Earnings per share have also trended up, helped by both profit growth and a disciplined capital structure. There is a small bumpiness year to year, but overall the picture is of a mature industrial and technology business that consistently converts its scale and portfolio into solid profitability.

Balance Sheet

Balance Sheet The balance sheet looks robust but is becoming more leveraged. Total assets have grown meaningfully in the most recent year, likely reflecting acquisitions or strategic investments, while cash levels remain healthy but lower than a few years ago. Debt has risen quite sharply recently, which increases financial risk and puts more focus on the company’s ability to sustain strong cash generation. Shareholder equity has been growing, indicating retained earnings and ongoing value creation over time. Overall, Honeywell still appears financially sound, but the recent step-up in debt is a key trend to monitor, especially if economic conditions soften.

Cash Flow

Cash Flow Honeywell’s cash flow profile is a clear strength. The company consistently generates strong cash from its operations, even in more difficult years, which underpins its ability to service debt, invest in the business, and return cash to shareholders. Free cash flow remains solid and comfortably positive after covering capital spending, which itself is relatively modest compared with the size of the business. While there has been some year-to-year fluctuation, the overall pattern is one of reliable cash generation, giving management flexibility to fund R&D, acquisitions, and restructuring associated with its portfolio reshaping.

Competitive Edge

Competitive Edge Honeywell holds a strong competitive position built over decades, with deep roots in aerospace, building systems, industrial automation, and advanced materials. Its solutions are often embedded in customers’ critical operations, especially in aviation and process industries, which makes switching to rivals both costly and risky for those customers. The company benefits from a powerful brand, extensive installed base, and long-standing relationships in regulated, safety‑critical markets. Its shift toward software, data, and analytics through platforms like Honeywell Forge deepens customer integration and increases recurring revenue. Compared with peers, Honeywell’s breadth, systems integration capabilities, and global reach create a wide, diversified base that is hard for narrower competitors to match.

Innovation and R&D

Innovation and R&D Innovation is a core pillar for Honeywell. The company invests steadily in R&D across aerospace technologies, building automation, industrial controls, and energy‑efficient materials. It has moved beyond traditional hardware into software, AI, and connected platforms, with Honeywell Forge as a flagship example that links equipment, data, and analytics into one ecosystem. Honeywell is also focused on sustainability, with offerings such as low‑emission refrigerants and technologies aimed at cleaner energy. Looking forward, the planned spin‑offs and portfolio reshaping are designed to sharpen its focus on automation, digital solutions, and the energy transition. This creates meaningful opportunity, but also execution risk as the company reorganizes and must prove it can maintain innovation momentum while simplifying its structure.

Summary

Overall, Honeywell looks like a mature, high‑quality industrial and technology company transitioning toward a more automation‑ and software‑centric future. Its income statement shows steady growth and strong profitability, supported by a historically solid balance sheet and reliable cash flow. The recent rise in debt and the complexity of upcoming spin‑offs are the main financial and strategic watchpoints. At the same time, Honeywell’s entrenched positions in critical systems, strong brand, and emphasis on software and sustainability‑linked solutions provide a meaningful competitive edge. The key questions going forward are how well the company executes its portfolio reshaping, manages its higher leverage, and continues to innovate in automation, digital platforms, and energy transition technologies while preserving its long‑standing strengths in safety‑ and mission‑critical markets.

NEWS

November 24, 2025 · 8:00 AM UTC

Digimarc and Honeywell Partner to Combat Gift Card Fraud and Streamline the Checkout Experience

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November 11, 2025 · 6:02 AM UTC

HONEYWELL AND TOTALENERGIES PILOT AI-ASSISTED CONTROL ROOM TO ACCELERATE SHIFT TO INDUSTRIAL AUTONOMY

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November 3, 2025 · 7:00 AM UTC

Honeywell Announces CEO and Board Chair for Aerospace Spin-off

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October 30, 2025 · 7:00 AM UTC

HONEYWELL COMPLETES SPIN-OFF OF SOLSTICE ADVANCED MATERIALS

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October 28, 2025 · 8:00 AM UTC

HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES

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