Honeywell

US · HON #356 by market cap Listed 1985

208.11 -4.76 -2.24%

Live - 5344 symbols - heartbeat 77s ago · 2026-10-08 07:00

Pre-market 206.68 -0.69%

After-hours 208.37 +0.12%

Overnight 206.62 -0.72%

Market cap: 65.96B
P/E (TTM): 8.08
P/B: 3.56
EPS: 14.72
Div yield: 4.52%
52W pos: 16%

Reader sentiment Are you bullish or bearish on HON?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Fair

Altman Z-Score is 2.56, in the 1.8-3.0 "grey zone".
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +7.85% YoY

Margins

Gross margin: 36.93%
Operating margin: 17.54%
Net margin: 12.63%

Key ratios & quality

Enterprise value: 87.78B
Altman Z-Score: 2.56

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	41.80B	36.71B	32.64B	34.39B	35.47B	33.01B	34.72B	37.44B
Gross profit	12.76B	12.37B	10.47B	12.33B	13.12B	12.37B	13.36B	13.83B
Selling & admin expenses	6.05B	5.52B	4.77B	4.80B	5.21B	4.89B	5.24B	5.45B
Research & development	--	--	--	1.33B	1.48B	1.38B	1.45B	1.81B
Operating profit	6.71B	6.85B	5.70B	6.20B	6.43B	6.11B	6.67B	6.57B
Pretax profit	7.49B	7.56B	6.01B	7.24B	6.38B	6.19B	6.24B	5.48B
Tax	659.00M	1.33B	1.15B	1.63B	1.41B	1.26B	1.25B	1.01B
Net profit	6.83B	6.23B	4.87B	5.61B	4.97B	5.67B	5.74B	4.77B
Basic EPS	18	17	14	16	15	17	18	15
Diluted EPS	17.96	16.82	13.44	15.82	14.54	16.94	17.42	14.72

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	8.93B	9.32B	10.41B	6.86B	9.14B	9.72B
Gross profit	3.46B	3.66B	3.55B	2.47B	3.54B	3.65B
Selling & admin expenses	1.31B	1.36B	1.30B	1.37B	1.31B	1.34B
Research & development	416.00M	459.00M	497.00M	395.00M	492.00M	524.00M
Operating profit	1.74B	1.84B	1.75B	714.00M	1.74B	1.79B
Pretax profit	1.67B	1.63B	2.22B	-501.00M	886.00M	7.53B
Tax	369.00M	244.00M	363.00M	-74.00M	91.00M	1.58B
Net profit	1.47B	1.57B	1.86B	-123.00M	795.00M	5.69B
Basic EPS	4	5	6	1	3	18
Diluted EPS	4.44	4.90	5.72	0.92	2.58	17.83

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	24.36B	24.30B	28.18B	25.37B	24.98B	23.50B	27.91B	30.39B
Cash & ST investments	10.91B	10.42B	15.22B	11.52B	10.11B	8.10B	10.29B	12.93B
Inventory	4.33B	4.42B	4.49B	5.14B	5.54B	6.18B	5.88B	6.16B
Total assets	57.77B	58.68B	64.59B	64.47B	62.28B	61.53B	75.20B	73.68B
Total current liabilities	18.92B	18.10B	19.20B	19.51B	19.94B	18.54B	21.26B	23.41B
Short-term debt	6.46B	5.06B	6.23B	5.53B	4.64B	4.08B	5.77B	7.61B
Long-term debt	9.76B	11.11B	16.34B	14.25B	15.12B	16.56B	25.44B	27.14B
Total liabilities	39,408,000,000.00	39,966,000,000.00	46,789,000,000.00	45,221,000,000.00	44,949,000,000.00	45,084,000,000.00	56,035,000,000.00	58,651,000,000.00
Total equity	18.37B	18.71B	17.80B	19.25B	17.33B	16.44B	19.16B	15.03B
Retained earnings	33.98B	37.69B	39.91B	42.83B	45.09B	47.98B	50.84B	50.96B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	27.65B	27.97B	30.75B	30.39B	30.59B	28.08B
Cash & ST investments	10.06B	10.68B	13.36B	12.93B	12.39B	9.20B
Inventory	6.61B	7.01B	7.12B	6.16B	6.37B	6.40B
Total assets	75.22B	78.42B	80.92B	73.68B	73.99B	77.34B
Total current liabilities	22.07B	21.62B	22.64B	23.41B	22.09B	23.19B
Short-term debt	7.09B	6.35B	6.95B	7.61B	7.73B	7.76B
Long-term debt	25.74B	30.17B	30.09B	27.14B	29.01B	26.23B
Total liabilities	57,187,000,000.00	61,765,000,000.00	63,163,000,000.00	58,651,000,000.00	59,321,000,000.00	58,487,000,000.00
Total equity	18.03B	16.65B	17.75B	15.03B	14.67B	18.86B
Retained earnings	51.55B	52.40B	53.50B	50.96B	51.03B	55.96B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	6.43B	6.90B	6.21B	6.04B	5.27B	5.34B	6.10B	6.41B
Depreciation & amortization	1.12B	1.09B	1.00B	1.22B	1.20B	1.00B	1.15B	1.39B
Free cash flow	5.61B	6.06B	5.30B	5.14B	4.51B	4.60B	5.23B	5.42B
Dividends paid	-2.27B	-2.44B	-2.59B	-2.63B	-2.72B	-2.86B	-2.90B	-2.98B
Stock buybacks / issuance	-3.73B	-3.90B	-3.32B	-3.15B	-3.88B	-3.52B	-1.12B	-3.57B
Ending cash balance	9.29B	9.07B	14.28B	10.96B	9.63B	7.93B	10.57B	12.49B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	597.00M	1.32B	3.29B	1.20B	-650.00M	1.28B
Depreciation & amortization	325.00M	348.00M	502.00M	213.00M	357.00M	312.00M
Free cash flow	407.00M	1.09B	2.78B	1.15B	-873.00M	961.00M
Dividends paid	-732.00M	-747.00M	-735.00M	-762.00M	-781.00M	-795.00M
Stock buybacks / issuance	-1.86B	-1.65B	-58.00M	-3.00M	-830.00M	29.00M
Ending cash balance	9.66B	10.35B	12.93B	12.49B	11.98B	8.75B

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	38.16	33.50	26.52	30.69	28.16	34.76	33.10	29.08
ROA %	11.55	10.55	7.75	8.59	7.84	9.14	8.35	6.35
ROIC %	19.85	17.90	13.12	14.33	13.56	16.11	14.07	11.01
5-year avg ROE %	24.77	26.64	26.64	27.67	31.58	30.73	30.65	31.16
EBIT margin %	18.79	21.56	19.52	22.03	19.15	21.61	21.48	18.21
FCF / sales %	13.41	16.50	16.25	14.95	12.71	11.73	12.81	14.48
Current ratio	1.29	1.34	1.47	1.30	1.25	1.27	1.31	1.30
Quick ratio	0.97	0.99	1.15	0.94	0.88	0.84	0.83	0.88
Debt / assets	28.07	28.47	35.94	32.00	32.98	35.00	42.66	48.27
LT debt / equity	53.66	62.96	96.77	81.32	95.21	110.11	141.27	201.02
Interest coverage	21.40	22.17	17.75	22.09	16.41	10.36	7.82	5.07
Revenue CAGR (3Y) %	2.71	-2.25	-6.97	-6.30	-1.14	0.38	0.31	1.82
Net income CAGR (3Y) %	12.37	8.48	45.70	-6.43	-6.84	5.79	0.97	-1.62
FCF CAGR (3Y) %	8.03	11.22	2.42	-2.83	-9.38	-4.63	0.54	6.35

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	33.56	34.60	35.85	29.08	26.41	47.43
ROA %	8.08	7.74	7.94	6.35	5.50	10.55
ROIC %	13.60	13.09	13.47	11.01	9.91	17.28
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	21.29	20.82	21.59	18.21	16.23	31.66
FCF / sales %	12.91	12.42	15.16	14.48	11.00	10.54
Current ratio	1.25	1.29	1.36	1.30	1.39	1.21
Quick ratio	0.83	0.90	0.98	0.88	0.93	0.76
Debt / assets	43.65	46.56	45.77	48.27	49.66	43.94
LT debt / equity	147.42	187.43	179.31	201.02	213.47	141.49
Interest coverage	7.43	6.92	6.96	5.07	4.32	8.31
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Lead segment, long tail

Aerospace Technologies is the largest reported line at 46.63% of revenue, across 5 reported segments.
Building Automation follows at 20.60%, so the top line still matters most but isn’t the whole story.

Revenue breakdown most recent period

Business

Aerospace Technologies46.63%

Building Automation20.60%

Process Automation and Technology17.28%

Industrial Automation15.44%

Quote time 2026-10-08 07:00:07 · For reference only, not investment advice and not tailored to your situation.