HONAV
HONAV
Honeywell Aerospace Inc. Common Stock When IssuedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $4.35B ▲ | $815M ▲ | $504M ▼ | 11.58% ▼ | $1.59 ▼ | $960M ▼ |
| Q1-2025 | $4.07B | $532M | $777M | 19.07% | $2.45 | $1.03B |
What's going well?
Sales are growing steadily, and gross profit is up. The company is still profitable and investing in R&D, which could support future growth.
What's concerning?
Profits dropped sharply as operating expenses and interest costs jumped. Margins are shrinking, and efficiency is slipping, which could be a warning sign if not addressed.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $1B | $21.36B | $24.82B | $-3.56B |
What's financially strong about this company?
The company has enough current assets to cover its short-term bills and some customers are prepaying for products or services. There is a sizable investment in property and equipment.
What are the financial risks or weaknesses?
Debt is very high compared to assets, equity is negative, and cash reserves are low. A large chunk of assets is tied up in goodwill and intangibles, which could be written down if business conditions worsen.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $642M ▼ | $-225M ▼ | $-142M ▼ | $1.15B ▲ | $776M ▲ | $-362M ▼ |
| Q1-2025 | $786M | $277M | $-108M | $17M | $193M | $176M |
What's strong about this company's cash flow?
The company was able to raise a large amount of debt, boosting its cash balance. Non-cash expenses like depreciation and stock comp are manageable.
What are the cash flow concerns?
Core operations are burning cash, working capital is draining even more, and the company is now highly dependent on new borrowing to survive. Free cash flow has swung deeply negative.
5-Year Trend Analysis
A comprehensive look at Honeywell Aerospace Inc. Common Stock When Issued's financial evolution and strategic trajectory over the past five years.
Across the financials and business profile, key strengths include strong profitability, robust operating and free cash flow, a conservative balance sheet with low leverage, and a deeply entrenched competitive position in global aerospace. The company benefits from a large installed base that generates recurring aftermarket revenue, high switching costs for customers, and a broad portfolio of critical systems across propulsion, avionics, and connectivity. Its innovation agenda is closely aligned with major industry trends, supporting the case for long-term relevance as aviation evolves.
Main risks center on the lack of historical data as a standalone company, the cyclicality of aerospace and defense end markets, and execution challenges in bringing new technologies to scale. A sizable portion of the asset base is tied up in goodwill and intangibles, which could be vulnerable if future performance disappoints. Liquidity is generally sound but partly reliant on inventory turnover, and interest expense already makes a noticeable dent in net income despite low leverage. Competitive intensity, regulatory hurdles, and potential delays or failures in new programs add further uncertainty.
Going forward, Honeywell Aerospace appears well positioned to benefit from continued recovery in air travel, ongoing fleet modernization, and rising demand for more efficient, connected, and sustainable aircraft. Its financial profile provides resilience and flexibility to invest through cycles, while its innovation pipeline targets many of the industry’s highest-priority areas. The main open questions relate to how consistently it can sustain current margins and cash flows over time, how successfully it can convert its R&D agenda into profitable growth, and how the stand-alone structure will influence capital allocation. Overall, the company enters its next chapter with solid fundamentals and meaningful opportunities, balanced by the usual aerospace-sector uncertainties and the added complexity of operating independently from its former parent.
About Honeywell Aerospace Inc. Common Stock When Issued
https://www.honeywellaerospace.comHoneywell Aerospace Inc. manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $4.35B ▲ | $815M ▲ | $504M ▼ | 11.58% ▼ | $1.59 ▼ | $960M ▼ |
| Q1-2025 | $4.07B | $532M | $777M | 19.07% | $2.45 | $1.03B |
What's going well?
Sales are growing steadily, and gross profit is up. The company is still profitable and investing in R&D, which could support future growth.
What's concerning?
Profits dropped sharply as operating expenses and interest costs jumped. Margins are shrinking, and efficiency is slipping, which could be a warning sign if not addressed.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $1B | $21.36B | $24.82B | $-3.56B |
What's financially strong about this company?
The company has enough current assets to cover its short-term bills and some customers are prepaying for products or services. There is a sizable investment in property and equipment.
What are the financial risks or weaknesses?
Debt is very high compared to assets, equity is negative, and cash reserves are low. A large chunk of assets is tied up in goodwill and intangibles, which could be written down if business conditions worsen.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $642M ▼ | $-225M ▼ | $-142M ▼ | $1.15B ▲ | $776M ▲ | $-362M ▼ |
| Q1-2025 | $786M | $277M | $-108M | $17M | $193M | $176M |
What's strong about this company's cash flow?
The company was able to raise a large amount of debt, boosting its cash balance. Non-cash expenses like depreciation and stock comp are manageable.
What are the cash flow concerns?
Core operations are burning cash, working capital is draining even more, and the company is now highly dependent on new borrowing to survive. Free cash flow has swung deeply negative.
5-Year Trend Analysis
A comprehensive look at Honeywell Aerospace Inc. Common Stock When Issued's financial evolution and strategic trajectory over the past five years.
Across the financials and business profile, key strengths include strong profitability, robust operating and free cash flow, a conservative balance sheet with low leverage, and a deeply entrenched competitive position in global aerospace. The company benefits from a large installed base that generates recurring aftermarket revenue, high switching costs for customers, and a broad portfolio of critical systems across propulsion, avionics, and connectivity. Its innovation agenda is closely aligned with major industry trends, supporting the case for long-term relevance as aviation evolves.
Main risks center on the lack of historical data as a standalone company, the cyclicality of aerospace and defense end markets, and execution challenges in bringing new technologies to scale. A sizable portion of the asset base is tied up in goodwill and intangibles, which could be vulnerable if future performance disappoints. Liquidity is generally sound but partly reliant on inventory turnover, and interest expense already makes a noticeable dent in net income despite low leverage. Competitive intensity, regulatory hurdles, and potential delays or failures in new programs add further uncertainty.
Going forward, Honeywell Aerospace appears well positioned to benefit from continued recovery in air travel, ongoing fleet modernization, and rising demand for more efficient, connected, and sustainable aircraft. Its financial profile provides resilience and flexibility to invest through cycles, while its innovation pipeline targets many of the industry’s highest-priority areas. The main open questions relate to how consistently it can sustain current margins and cash flows over time, how successfully it can convert its R&D agenda into profitable growth, and how the stand-alone structure will influence capital allocation. Overall, the company enters its next chapter with solid fundamentals and meaningful opportunities, balanced by the usual aerospace-sector uncertainties and the added complexity of operating independently from its former parent.
CEO
James E. Currier
Compensation Summary
(Year )
ETFs Holding This Stock
Summary
Showing Top 3 of 341
Ratings Snapshot
Rating : C