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Not Investment Advice

HON

NASDAQ · USD
Honeywell International Inc.
Industrials · Conglomerates
CEO Vimal Kapur Employees 101,000 R&D / revenue 4.8%
Last price
$211.41+0.43%last session
Market cap
$67.0B
P/E (TTM)
8.2x
From 52w high
−18.8%
From 52w low
+7.9%
1-year return
+7.3%
RSI 14 · vs SMA200
50.9 · −7.8%
IS score
49.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

HON   SPY   XLI (sector ETF) · weekly closes
100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111HON 107

Score DNA

Each bar is a 0-100 score within the scored universe
73
Profitability
53
Growth
74
Value
59
Momentum
65
Risk (safety)
57
Quality
49
Balance sheet
51
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
None of the computed warning flags fires for HON (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 5 / 9Altman Z 2.8Beta 0.902 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $473,207
Form 144 notices (12m): 9, $12.8M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
4
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 1987-03-31
Net change in institutional holders
+1
0 new holders, 0 closed
1 filers hold 0.0% · 0 added, 0 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+280
1,117 funds adding shares
837 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
42.9%
20-day avg 50.5%, 50-day avg 44.2%
Latest 7.6 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$37.4B
Revenue growth YoY−2.7%
Gross margin36.9%
Operating income$6.6B
Operating margin17.7%
Net income$5.1B
Net margin13.7%
EPS (diluted)$7.99
Cash flow
Operating cash flow$6.4B
Capital expenditure$986.0M
Free cash flow$5.4B
FCF conversion (FCF / OCF)84.5%
Stock-based compensation$0
FCF less SBC$5.4B
Buybacks$3.8B
Dividends$3.0B
Balance sheet & returns
Cash & short-term investments$12.9B
Total debt$34.6B
Net debt$21.6B
Shareholders' equity$15.4B
Goodwill & intangibles$27.8B
Debt / equity1.83
ROE (TTM)45.6%
ROIC (TTM)6.6%
Operating margin by fiscal year
19.6%FY202120.4%FY202221.5%FY202320.4%FY202417.8%FY2025
Revenue $34.4B (FY2021) to $37.4B (FY2025), a 2.2% CAGR.

Valuation

P/E (TTM)8.2x
EV / EBITDA7.1x
Price / sales1.85x
Price / FCF16.3x
FCF yield6.15%
Buyback yield5.68%
SBC / revenue0.4%
Price / book3.62x
Forward P/E FY202625.4x
Forward P/E FY202721.5x
Forward P/E FY202819.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $256.30 across 10 analysts last quarter is theirs, not ours.

HON vs industry median

143 companies in Conglomerates
Gross margin 36.6% 24.9% Operating margin 14.1% 6.0% Net margin 22.7% 5.2% ROIC 6.6% 5.1%
HON (TTM)Industry median Asset turnover 0.47 vs industry 0.48 · financial leverage 4.17

Earnings delivery

Next report 2026-10-22 · consensus EPS $2.17
92%
beat rate, 11 of 12 quarters
+3.5%
median EPS surprise
10
longest beat streak
+2+0+4+3+3+6+14+3+16+2+6+8
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-23. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
HON Honeywell International Inc. $67.0B8.2x45.6%22.7%−2.7% +7.3%
MMM 3M Company $84.9B29.1x82.8%14.4%+2.3% +9.3%
VMI Valmont Industries, Inc. $8.6B17.5x30.4%10.7%+3.8% +9.4%
BE Bloom Energy Corporation $65.2B264.8x22.2%18.4%+91.0% +92.3%
FDX FedEx Corporation $69.5B16.0x14.8%6.4%+7.7% +55.9%
URI United Rentals, Inc. $64.1B24.8x28.9%17.1%+6.9% —
RSG Republic Services, Inc. $70.9B32.8x18.1%12.8%+3.2% —
TDG TransDigm Group Incorporated $63.0B34.6x-28.7%19.7%+16.6% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-08-19Officer/Director Change; Regulation FD; Exhibits
2026-07-23Earnings Release; Exhibits
2026-06-15Officer/Director Change; Regulation FD; Other Events
2026-06-05Regulation FD; Other Events; Exhibits
2026-06-02Officer/Director Change; Regulation FD; Exhibits
2026-05-27Shareholder Vote

Context

Shares outstanding316,940,000
Free float93.9%
Institutional ownership0.0%
Beta0.90
Dividend yield2.10%
Last dividend$0.70 on 2026-11-13
50 / 200-day average$215.11 / $230.54
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where HON sits among 13 scored companies in Conglomerates (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureHONIndustry medianIndustry percentileSector median
P/E (TTM) 8.2x 17.3x
17th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 0.17 — 1.42
Price / sales 1.9x 1.9x
50th		 2.0x
Price / book 3.6x 2.0x
58th		 2.9x
Price / tangible book —
Price / free cash flow 16.3x 21.3x
20th		 20.8x
Price / operating cash flow 13.2x 14.0x
44th		 14.5x
Enterprise value $91.8B $4.1B
92nd		 $4.8B
EV / sales 2.5x 2.2x
58th		 2.4x
EV / EBITDA 7.1x 11.5x
30th		 13.6x
EV / EBIT 7.9x 17.2x
11th		 19.9x
EV / free cash flow 22.3x 23.6x
20th		 24.3x
Earnings yield 12.3% 1.4%
92nd		 3.3%
FCF yield 6.1% -0.6%
92nd		 3.8%
Operating cash flow yield 7.6% 6.3%
67th		 6.2%
Graham number (per share) $183.47 $183.47
50th		 $38.21

Profitability (TTM)

MeasureHONIndustry medianIndustry percentileSector median
Gross margin 36.6% 36.6%
50th		 30.5%
EBITDA margin 35.6% 16.0%
100th		 14.3%
Operating margin 14.1% 4.6%
75th		 9.8%
EBIT margin 32.1% 13.9%
100th		 9.9%
Net margin 22.7% 6.2%
100th		 6.0%
NOPAT margin 11.4% 4.4%
58th		 7.8%
FCF margin 11.4% -0.2%
92nd		 7.0%
Operating cash flow margin 14.1% 6.3%
75th		 11.2%
R&D / revenue 5.3% 0.0%
100th		 0.0%
SG&A / revenue 14.7% 14.7%
50th		 14.1%
Stock comp / revenue 0.4% 0.7%
36th		 0.6%
Effective tax rate 19.3% 21.0%
27th		 21.0%

Returns on capital

MeasureHONIndustry medianIndustry percentileSector median
ROE (on average equity) 47.4% 1.3%
92nd		 11.9%
ROA 10.5% 1.0%
92nd		 4.8%
ROIC 9.5% 6.1%
75th		 8.7%
ROCE 21.4% 5.0%
92nd		 9.4%
Return on tangible assets 14.9% 5.2%
92nd		 7.9%
Cash ROIC (OCF / invested capital) 11.7% 6.6%
75th		 12.8%
Gross profitability (GP / assets) 17.1% 18.3%
42nd		 19.2%
ROIC, 3-yr average 12.0% 7.7%
78th		 7.8%
ROIC, 5-yr average 15.6% 6.3%
100th		 8.6%
ROE, 5-yr average 34.9% 7.7%
89th		 12.5%
Incremental ROIC 41.5% 7.8%
58th		 20.5%

Growth

MeasureHONIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -9.7% 4.8%
17th		 8.6%
Revenue growth (QoQ) 6.3% 5.4%
58th		 9.9%
Revenue CAGR, 3 yr -0.0% -1.2%
80th		 5.0%
Revenue CAGR, 5 yr 1.2% 1.8%
44th		 8.3%
Gross profit CAGR, 3 yr 0.0% -0.9%
60th		 6.5%
Operating income CAGR, 3 yr -12.6% 4.3%
29th		 6.4%
Net income growth (TTM YoY) 43.7% 11.6%
60th		 11.3%
Net income CAGR, 3 yr 14.6% 15.4%
40th		 6.6%
EPS growth (TTM YoY) 188.6% 55.7%
80th		 13.3%
EPS CAGR, 3 yr 46.8% 24.3%
100th		 5.6%
EPS CAGR, 5 yr 29.5% 8.8%
100th		 8.3%
FCF growth (TTM YoY) -17.1% — 14.7%
FCF CAGR, 3 yr -0.4% — 12.2%
Operating cash flow CAGR, 3 yr 0.4% 4.4%
25th		 8.8%
Book value CAGR, 3 yr 31.1% 5.2%
90th		 7.3%
Dividend CAGR, 3 yr 30.1% 6.3%
75th		 2.7%
Sustainable growth rate 29.7% 11.2%
100th		 11.0%

Margin history & stability

MeasureHONIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 38.0% 32.7%
58th		 30.6%
Operating margin, 3-yr average 18.6% 4.1%
83rd		 10.0%
Net margin, 3-yr average 17.5% 3.5%
92nd		 6.2%
FCF margin, 3-yr average 12.8% 0.0%
100th		 7.1%
Revenue stability (0-1) 0.42 0.47
33rd		 0.81
Earnings stability (0-1) 0.68 0.28
100th		 0.47
Margin stability (0-1) 0.94 0.90
100th		 0.90

Liquidity (latest quarter)

MeasureHONIndustry medianIndustry percentileSector median
Cash & short-term investments $9.2B $139.1M
92nd		 $249.6M
Net cash (− = net debt) −$24.8B −$590.6M
8th		 −$666.5M
Working capital $4.9B $408.2M
92nd		 $376.4M
Current ratio 1.21 1.79
17th		 1.79
Quick ratio 0.93 1.10
25th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.40 0.29
58th		 0.32
Defensive interval (days) 788 days 533 days
83rd		 614 days

Leverage & solvency (latest quarter)

MeasureHONIndustry medianIndustry percentileSector median
Total debt $34.0B $1.3B
92nd		 $919.8M
Debt / equity 1.83 1.24
67th		 0.65
Net debt / equity 1.34 1.03
67th		 0.46
Debt / assets 43.9% 29.5%
75th		 29.3%
Debt / capital 64.7% 55.3%
67th		 39.5%
Debt / EBITDA 2.64 3.41
40th		 2.44
Net debt / EBITDA 1.93 2.32
40th		 1.86
Interest coverage (EBIT / interest) 8.0x 4.0x
82nd		 5.0x
Cash interest coverage 3.5x 2.4x
55th		 6.1x
Debt payback (years of OCF) 6.7 yrs 5.4 yrs
56th		 3.2 yrs
Liabilities / assets 75.6% 56.3%
75th		 56.7%
IS credit model rating A- — —
Implied credit spread (bps) 175 350
25th		 200

Efficiency

MeasureHONIndustry medianIndustry percentileSector median
Asset turnover 0.46 0.59
42nd		 0.75
Fixed asset turnover 7.86 4.71
92nd		 5.14
Inventory turnover 3.4 4.9
20th		 5.0
Receivables turnover 4.2 6.5
0th		 6.7
Days sales outstanding 87 days 56 days
100th		 54 days
Days inventory outstanding 107 days 74 days
80th		 72 days
Days payables outstanding 108 days 53 days
75th		 41 days
Cash conversion cycle (days) 86 days 71 days
75th		 63 days
Capex / revenue 2.7% 2.3%
58th		 3.0%
Capex / depreciation 0.76 0.66
67th		 0.76
Operating expense ratio 19.7% 23.7%
33rd		 17.7%

Cash flow & earnings quality

MeasureHONIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.62 0.96
17th		 1.50
FCF / net income 0.50 0.44
67th		 1.15
FCF / operating cash flow 80.9% 61.6%
78th		 74.0%
Capex / operating cash flow 19.1% 38.4%
22nd		 26.1%
Accruals ratio 4.0% 0.6%
83rd		 -4.0%
Sloan accruals ratio -3.5% -0.8%
25th		 -2.4%
Earnings quality score (0-1) 0.50 0.75
0th		 1.00

Dividends & buybacks

MeasureHONIndustry medianIndustry percentileSector median
Dividend yield 2.1% 0.6%
83rd		 0.6%
Dividend per share (TTM) $4.44 $1.02
83rd		 $0.44
Payout ratio (dividends / net income) 37.4% 11.1%
67th		 22.5%
Dividends / FCF 74.6% 37.5%
80th		 19.6%
Dividend growth (YoY) 110.4% 11.3%
75th		 5.6%
Buyback yield 1.8% 0.4%
75th		 0.5%
Shareholder yield (dividends + buybacks) 6.4% 3.0%
75th		 2.0%
Share count change (YoY) -50.2% -0.0%
0th		 0.0%
Buybacks, last 5 years $16.1B $14.1M
100th		 $76.0M

Scores & forensic checks

MeasureHONIndustry medianIndustry percentileSector median
IS score 50 37
67th		 53
IS profitability 73 26
100th		 37
IS growth 53 52
58th		 54
IS value 74 48
83rd		 47
IS momentum 59 57
58th		 76
IS risk (safety) 65 50
58th		 80
IS quality 57 57
50th		 67
IS balance sheet 49 44
58th		 56
IS earnings quality 51 66
33rd		 70
IS cash flow 38 30
83rd		 54
Piotroski F-score (0-9) 5 5
25th		 6
Altman Z-score 2.8 2.4
58th		 3.3
Beneish M-score −2.32 −2.34
67th		 −2.52
Ohlson O-score −7.50 −6.98
33rd		 −7.49
IS credit score 66 51
67th		 65

Per share

MeasureHONIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $25.75 $0.23
83rd		 $2.21
Book value per share $58.11 $18.12
75th		 $18.38
Tangible book per share −$23.72 $0.59
8th		 $4.39
Revenue per share $113.26 $35.25
75th		 $36.64
FCF per share $12.91 −$0.37
83rd		 $2.70
Operating cash flow per share $15.95 $7.23
75th		 $4.28
Cash per share $28.83 $6.31
75th		 $3.02

Size (TTM)

MeasureHONIndustry medianIndustry percentileSector median
Market cap $67.0B $3.8B
92nd		 $3.9B
Revenue $36.1B $1.8B
100th		 $2.7B
EBITDA $12.9B $371.0M
100th		 $394.8M
Net income $8.2B $6.0M
100th		 $136.3M
Free cash flow $4.1B −$18.1M
100th		 $162.9M
Total assets $77.3B $3.5B
92nd		 $3.5B
Shareholders' equity $18.5B $1.7B
100th		 $1.4B
Employees 101,000 5,500
100th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-02Picon Juan
President and CEO of BA
 — 5,183$193.53$1.0M0
2026-10-02Picon Juan
President and CEO of BA
 — 4,670$204.18$953,5210
2026-10-02Picon Juan
President and CEO of BA
 — 6,175$246.30$1.5M0
2026-10-01Angove Duncan
Director
 Award / grant 164——5,089
2026-10-01Picon Juan
President and CEO of BA
 Award / grant 3,512$212.52$746,3703,512
2026-10-01Picon Juan
President and CEO of BA
 Award / grant 1,176——1,176
2026-10-01Picon Juan
President and CEO of BA
 — 1,983——0
2026-08-03Hammoud Billal
Pres/CEO Building Automation
 Award / grant 14,233——14,233
2026-08-03Mailloux Robert D.
Vice President & Controller
 Award / grant 5,368——5,368
2026-08-03Lau Peter James
Pres/CEO Industrial Automation
 Award / grant 14,233——14,233
2026-08-03Masso James
Pres/CEO, Process Automation
 Award / grant 4,067——4,067
2026-08-03Reilly Jennifer J
SVP and CHRO
 Award / grant 3,355——3,355

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired45196,938$21.0M
Open-market saleDisposed21,939$473,207
Option exerciseAcquired2233,022$3.3M
Option exerciseDisposed2032,422$3.3M
Tax withholdingDisposed156,807$1.6M
—Disposed2050,961$10.0M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 9 notices · 54,820 shares · $12.8M
FiledFilerShares proposedEst. proceeds
2026-08-03Kenneth West316$76,804
2026-07-27Kenneth West17,032$4.2M
2026-03-02James E Currier2,248$547,733
2026-03-02Kenneth West873$212,654
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 22 trades (11 purchases) · Senate 7 (5 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-24Maria Elvira SalazarHouseSale$1,001 - $15,0002026-10-08
2026-08-31Kevin HernHouseSale$15,001 - $50,0002026-09-28
2026-08-31Kevin HernHouseSale$15,001 - $50,0002026-09-25
2026-03-20Mark WarnerSenateSale$1,001 - $15,0002026-05-01
2026-03-20Mark R. WarnerSenateSale$1,001 - $15,0002026-05-01
2025-12-29Angus KingSenatePurchase$1,001 - $15,0002026-01-26
2025-12-29Angus Stanley KingSenatePurchase$1,001 - $15,0002026-01-26
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.22,778,297$5.1B7.19%
VANGUARD CAPITAL MANAGEMENT LLC20,693,284$4.6B6.53%
STATE STREET CORP18,738,370$4.2B5.91%
Newport Trust Company, LLC12,865,197$2.9B4.06%
Invesco Ltd.11,249,305$2.5B3.55%
MORGAN STANLEY9,408,433$2.1B2.97%
GEODE CAPITAL MANAGEMENT, LLC8,207,101$1.8B2.59%
VANGUARD PORTFOLIO MANAGEMENT LLC7,862,818$1.8B2.48%
GOLDMAN SACHS GROUP INC7,290,377$1.6B2.30%
FRANKLIN RESOURCES INC6,508,907$1.5B2.05%
WELLINGTON MANAGEMENT GROUP LLP5,845,806$1.3B1.84%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/5,068,155$1.4B1.60%
BANK OF AMERICA CORP /DE/4,640,857$1.0B1.46%
UBS Group AG3,537,129$792.0M1.12%
ROYAL BANK OF CANADA3,446,091$771.6M1.09%

Institutional ownership by quarter

% of shares held by 13F filers
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
None on file.

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-07SCHEDULE 13GSTATE STREET CORPORATION5.9%18,756,215
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%47,592,468
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.09%$2.1B
VTSAX0.09%$2.1B
VTI0.09%$2.1B
VSMPX0.09%$2.1B
VFINX0.10%$1.8B
VOO0.10%$1.8B

Share structure

Shares outstanding316,940,000
Float297,682,735
Free float93.9%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$34.4B$35.5B$36.6B$38.5B$37.4B
Cost of revenue$21.6B$21.8B$22.4B$23.7B$23.6B
Gross profit$12.8B$13.6B$14.3B$14.8B$13.8B
R&D$1.3B$1.5B$1.5B$1.5B$1.8B
SG&A$4.7B$4.9B$5.0B$5.4B$5.4B
Operating income$6.7B$7.2B$7.9B$7.9B$6.6B
EBITDA$8.8B$8.0B$9.1B$9.6B$8.7B
Pretax income$7.2B$6.4B$7.2B$7.2B$5.9B
Income tax$1.6B$1.4B$1.5B$1.5B$1.1B
Net income$5.5B$5.0B$5.7B$5.7B$5.1B
EPS, diluted$7.91$7.27$8.47$8.71$7.99
Diluted shares700.4M683.1M668.2M655.3M642.8M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$11.5B$10.1B$8.1B$11.0B$12.9B
Receivables$6.8B$7.4B$7.5B$7.8B$7.6B
Inventory$5.1B$5.5B$6.2B$6.4B$6.2B
Total current assets$25.4B$25.0B$23.5B$27.9B$30.8B
PP&E, net$5.6B$5.5B$5.7B$6.2B$4.6B
Goodwill & intangibles$21.4B$20.7B$21.3B$28.5B$27.8B
Total assets$64.5B$62.3B$61.5B$75.2B$74.1B
Accounts payable$6.5B$6.3B$6.8B$6.9B$6.3B
Total current liabilities$19.5B$19.9B$18.5B$21.3B$23.4B
Long-term debt$14.3B$15.1B$16.6B$25.5B$27.1B
Total liabilities$45.2B$44.9B$45.1B$56.0B$58.7B
Shareholders' equity$19.2B$17.3B$16.4B$19.2B$15.4B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$5.6B$5.0B$5.7B$5.7B$4.8B
Depreciation & amortization$1.2B$1.2B$1.2B$1.3B$1.4B
Stock-based compensation$217.0M$188.0M$202.0M$194.0M$0
Change in working capital$288.0M−$745.0M$361.0M$237.0M−$352.0M
Operating cash flow$6.0B$5.3B$5.3B$6.1B$6.4B
Capital expenditure−$895.0M−$766.0M−$1.0B−$1.2B−$986.0M
Free cash flow$5.1B$4.5B$4.3B$4.9B$5.4B
Investing cash flow−$1.1B−$93.0M−$1.3B−$10.2B−$2.7B
Net debt issued / repaid−$2.4B$317.0M$583.0M$10.9B$2.6B
Buybacks−$3.4B−$4.2B−$3.7B−$1.7B−$3.8B
Dividends paid−$2.6B−$2.7B−$2.9B−$2.9B−$3.0B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin33.3%34.2%39.0%38.3%37.1%
Operating margin19.6%20.4%21.5%20.4%17.8%
Net margin16.1%14.0%15.4%14.8%12.6%
FCF margin15.0%12.7%11.7%12.8%14.4%
ROE30.7%28.2%34.8%33.1%27.8%
ROIC18.9%20.8%21.3%15.7%14.6%
ROA8.6%7.8%9.1%8.3%6.3%
Debt / equity1.111.231.361.732.24
Interest coverage22.1x16.4x10.4x7.8x5.1x
Current ratio1.301.251.271.311.32
Revenue growth+5.4%+3.1%+3.4%+5.0%−2.7%
EPS growth+18.3%−7.8%+16.6%+1.8%+70.0%
P/E at year end23.3x26.6x22.8x24.7x13.6x
EV / EBITDA at year end15.7x17.8x15.7x16.9x10.5x
FCF yield at year end3.98%3.41%3.33%3.50%8.37%
Dividend payout47.4%54.8%50.5%50.9%62.9%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Aerospace$11.0B$11.8B$13.9B$15.5B$17.5B
Performance Materials And Technologies$10.0B$10.7B$11.5B——
Safety And Productivity Solutions$7.8B$6.9B$5.5B$10.1B$9.4B
Home And Building Technologies$6.9B$7.0B$7.3B$8.3B$7.4B
Energy and Sustainability Solutions———$6.4B$3.1B

Revenue by region · FY2025

United States$21.8B · 58%
Europe$8.1B · 22%
Other International$7.5B · 20%

Street estimates by fiscal year

Next report 2026-10-22 · consensus EPS $2.17 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$20.1B$20.0B – $20.4B$8.31$8.24 – $8.351125.4x
2027$20.5B$19.8B – $21.4B$9.84$9.40 – $10.261221.5x
2028$21.6B$20.9B – $22.3B$11.13$8.41 – $13.14619.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-23$1.80$1.95+8.3%$5.0B$5.2B+3.2%
2026-04-23$2.32$2.45+5.6%$9.3B$9.1B−1.7%
2026-01-29$2.54$2.59+2.0%$10.0B$9.8B−2.0%
2025-10-23$2.44$2.82+15.6%$10.2B$10.4B+2.5%
2025-07-24$2.66$2.75+3.4%$10.1B$10.4B+2.9%
2025-04-29$2.21$2.51+13.6%$9.6B$9.8B+2.4%
2025-02-06$2.32$2.47+6.5%$9.8B$10.1B+2.6%
2024-10-24$2.50$2.58+3.2%$9.9B$9.7B−1.8%
2024-07-25$2.42$2.49+2.9%$9.4B$9.6B+1.7%
2024-04-25$2.17$2.25+3.7%$9.0B$9.1B+0.9%
2024-02-01$2.60$2.600.0%$9.7B$9.4B−2.7%
2023-10-26$2.23$2.27+1.8%$9.2B$9.2B−0.2%
2023-07-27$2.21$2.23+0.9%$9.2B$9.1B−0.2%
2023-04-27$1.93$2.07+7.3%$8.5B$8.9B+4.0%
2023-02-02$2.49$2.52+1.2%$9.3B$9.2B−0.7%
2022-10-27$2.16$2.25+4.2%$9.0B$9.0B−0.3%
2022-07-28$2.03$2.10+3.4%$8.7B$9.0B+3.2%
2022-04-29$1.86$1.91+2.7%$8.3B$8.4B+1.1%
2022-02-03$2.08$2.09+0.5%$8.7B$8.7B−0.9%
2021-10-22$1.99$2.02+1.5%$8.7B$8.5B−2.7%
2021-07-23$1.94$2.02+4.1%$8.7B$8.8B+1.1%
2021-04-23$1.80$1.92+6.7%$8.1B$8.5B+5.0%
2021-01-29$2.00$2.07+3.5%$8.4B$8.9B+6.0%
2020-10-30$1.49$1.56+4.7%$7.4B$7.8B+4.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
1.006-151.506-221.606-291.407-060.707-131.407-200.907-271.108-031.208-100.708-170.808-240.608-31
Week ofNotionalSharesTrades
2026-08-31$565.2M2,703,11670,515
2026-08-24$770.7M3,540,55380,482
2026-08-17$657.7M2,938,26980,264
2026-08-10$1.2B4,926,96791,440
2026-08-03$1.1B4,551,43287,436
2026-07-27$906.7M3,716,26984,920

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1542.9%
DateShort shareShort volumeTotal volume
2026-10-1542.9%455,2191,060,855
2026-10-1448.6%589,5621,213,849
2026-10-1343.9%245,191558,771
2026-10-1256.5%401,141710,204
2026-10-0943.8%297,619679,642
2026-10-0846.1%370,122802,998
2026-10-0756.9%413,454726,483
2026-10-0653.1%392,858739,174
2026-10-0552.2%305,001584,018
2026-10-0260.9%378,881621,942
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan-0.1Feb+1.3Mar+2.9Apr+0.8May-1.6Jun+1.3Jul-0.3Aug-0.6Sep+1.9Oct+3.4Nov+3.0Dec
MonthAvg returnUp yearsYears
Jan+0.8%50%20
Feb−0.1%60%20
Mar+1.3%52%21
Apr+2.9%65%20
May+0.8%55%20
Jun−1.6%40%20
Jul+1.3%55%20
Aug−0.3%55%20
Sep−0.6%55%20
Oct+1.9%70%20
Nov+3.4%75%20
Dec+3.0%70%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1450.9
MFI51.3
ADX14.7
Stochastic %K / %D47.1 / 38.6
Williams %R-39.7
CCI50
TSI / signal-8.3 / -11.5
Chaikin money flow0.16
ATR$4.33
Bollinger width4.7%
Volume vs 20-day avg1.24x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$210.58 (+0.4%)
SMA 50$214.45 (−1.4%)
SMA 200$229.19 (−7.8%)
EMA 21$210.30 (+0.5%)
EMA 50$214.62 (−1.5%)
EMA 200$222.11 (−4.8%)
Bollinger upper$215.48 (−1.9%)
Bollinger lower$205.67 (+2.8%)
Parabolic SAR$204.23 (+3.5%)
Open the live chart, 110+ indicators

About Honeywell International Inc.

Honeywell International Inc. functions as a global leader in diversified technology and manufacturing. Its Aerospace division furnishes a comprehensive array of products and services for the aviation and space industries. This includes crucial components like auxiliary power units, propulsion systems, integrated avionics, environmental control mechanisms, and electrical power solutions. The segment also supplies engine controls, flight safety systems, communication and navigation hardware, and advanced data and software applications. Additionally, it provides radar, surveillance systems, aircraft lighting, sophisticated instruments, satellite and space components, and aircraft wheels and brakes. Essential support services cover spare parts, repairs, overhauls, maintenance, thermal systems, and wireless connectivity management. The Honeywell Building Technologies unit focuses on creating smarter, safer, and more efficient structures. It develops software for optimizing and controlling building functions, alongside sensors, switches, control systems, and instrumentation for energy management. Offerings extend to access control systems, video surveillance, fire detection products, and the installation, upkeep, and upgrading of these systems. Within its Performance Materials and Technologies division, the company delivers solutions for automation control, instrumentation, and associated software and services. It also provides catalysts, adsorbents, specialized equipment, and consulting expertise. This segment supplies materials essential for manufacturing diverse end products, such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging. Furthermore, it produces environmentally friendly materials with reduced and low global-warming potential, utilizing hydrofluoro-olefin technology. The Safety and Productivity Solutions group equips workers and industries with a wide range of products. These comprise personal protective equipment, apparel, gear, and footwear, alongside advanced gas detection technology. It offers cloud-based notification and emergency messaging systems, mobile devices and software, and solutions for supply chain and warehouse automation, including both equipment and software. Custom-engineered sensors, switches, and controls, as well as data and asset management productivity software solutions, also fall under this division. Established in 1906, Honeywell is headquartered in Charlotte, North Carolina.

https://www.honeywell.com

Key executives

NameTitlePayBorn
Vimal KapurChairman & Chief Executive Officer$5.3M1965
Michal StepniakSenior Vice President & Chief Financial Officer$2.6M1978
Billal HammoudPresident & CEO of Process Technology$1.8M1973
Jim MassoPresident & CEO of Honeywell Process Automation$618,0581985
Harsh BansalVice President of Investments——
Jennifer J. ReillySenior Vice President & Chief Human Resources Officer——
Mark MacalusoSenior Vice President of Investor Relations——
Robert D. MaillouxVice President, Controller & Principal Accounting Officer—1968

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
David M. Cote Chairman of the Board and Chief Executive Officer2010$1.8M$0$0$20.2M
Andreas Kramvis Executive Officer, Specialty Materials President & Chief2010$550,000$7.0M$0$10.1M
David J. Anderson Senior Vice President, Chief Financial Officer President & Chief2010$900,000$3.1M$0$9.2M
Roger Fradin Executive Officer, Automation and Control Solutions President & Chief2010$1.1M$3.1M$0$8.5M
Timothy O. Mahoney Aerospace2010$660,000$2.4M$0$6.4M

Employees

114k2018113k2019103k202099k202197k202295k2023102k2024101k2025

Dividends

Ex-dateAmountPaid
2026-11-13$0.72026-12-04
2026-08-14$0.72026-09-04
2026-05-15$1.192026-06-05
2026-02-27$1.192026-03-13
2025-11-14$1.192025-12-05
2025-08-15$1.0652025-09-05
2025-05-16$1.0652025-06-06
2025-02-28$1.0652025-03-14

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage75
Intangibles55
Switching costs44
Network effect40
Efficient scale90
Our component scores (0-100) and overall 59.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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