HON (Honeywell International Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, envi...

CEOVimal Kapur

Country🇺🇸 United States

ExchangeNASDAQ

IPOFeb 21, 2001

www.honeywell.com

Revenue$9.8B

YoY Growth-3.3%

QoQ Growth-6.2%

Net Income$295M

EPS$0.46

Free Cash Flow$1.1B

Gross Margin35.6%

Op. Margin15.9%

Net Margin3.0%

FCF Margin11.4%

Rev Multiple (TTM)3.8x

P/E Ratio (TTM)29.7x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$8.9B	$3.4B	$1.8B
Q2 23	$9.1B	$3.6B	$2.0B
Q3 23	$9.2B	$3.6B	$2.0B
Q4 23	$9.4B	$3.7B	$2.1B
Q1 24	$9.1B	$3.6B	$1.9B
Q2 24	$9.6B	$3.7B	$2.0B
Q3 24	$9.7B	$3.8B	$2.0B
Q4 24	$10.1B	$3.7B	$1.9B
Q1 25	$9.8B	$3.8B	$2.0B
Q2 25	$10.4B	$4.1B	$2.2B
Q3 25	$10.4B	$3.5B	$1.8B
Q4 25	$9.8B	$3.5B	$1.5B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.3x	29.2x
Q2 23	4.2x	28.0x
Q3 23	4.2x	28.2x
Q4 23	4.2x	27.0x
Q1 24	4.1x	26.7x
Q2 24	4.1x	26.4x
Q3 24	4.0x	26.9x
Q4 24	4.0x	26.8x
Q1 25	3.9x	26.8x
Q2 25	3.8x	26.7x
Q3 25	3.8x	24.9x
Q4 25	3.8x	29.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$784M	-$977M
Q2 23	$1.4B	$1.1B
Q3 23	$1.8B	$1.6B
Q4 23	$3.0B	$2.6B
Q1 24	$448M	$215M
Q2 24	$1.4B	$1.1B
Q3 24	$2.0B	$1.7B
Q4 24	$2.3B	$1.9B
Q1 25	$597M	$346M
Q2 25	$1.3B	$1.0B
Q3 25	$3.3B	$2.9B
Q4 25	$1.2B	$1.1B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$193M
Q2 23	$233M
Q3 23	$249M
Q4 23	$364M
Q1 24	$233M
Q2 24	$259M
Q3 24	$279M
Q4 24	$393M
Q1 25	$251M
Q2 25	$303M
Q3 25	$374M
Q4 25	$58M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+5.8%	+4.7%
Q2 23	+2.2%	-0.2%
Q3 23	+2.9%	+1.2%
Q4 23	+2.8%	+2.3%
Q1 24	+2.7%	+2.0%
Q2 24	+4.7%	+5.3%
Q3 24	+5.7%	+6.6%
Q4 24	+7.0%	+11.6%
Q1 25	+7.9%	+8.6%
Q2 25	+8.1%	+8.2%
Q3 25	+7.0%	+12.5%
Q4 25	-3.3%	+0.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$59M	0.7%
Q2 23	$50M	0.5%
Q3 23	$39M	0.4%
Q4 23	$54M	0.6%
Q1 24	$53M	0.6%
Q2 24	$55M	0.6%
Q3 24	$45M	0.5%
Q4 24	$41M	0.4%
Q1 25	$61M	0.6%
Q2 25	$57M	0.6%
Q3 25	$36M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$357M	$1.3B
Q2 23	$375M	$1.2B
Q3 23	$364M	$1.2B
Q4 23	$360M	$1.3B
Q1 24	$360M	$1.3B
Q2 24	$382M	$1.3B
Q3 24	$368M	$1.4B
Q4 24	$426M	$1.3B
Q1 25	$439M	$1.4B
Q2 25	$481M	$1.4B
Q3 25	$497M	$1.3B
Q4 25	$465M	$1.5B

Revenue Segments

Quarter	Product	Service	Aerospace	Energy and Sustainability Solutions	Home And Building Technologies	Safety And Productivity Solutions
Q1 23	$6.3B	$2.6B	—	—	—	—
Q2 23	$6.4B	$2.7B	—	—	—	—
Q3 23	$6.3B	$2.9B	—	—	—	—
Q4 23	$6.7B	$2.7B	—	—	—	—
Q2 25	—	—	$4.3B	$1.8B	$1.8B	$2.4B
Q3 25	—	—	$4.5B	$1.7B	$1.9B	$2.3B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$6.9B	$371M	$7.2B
Q2 23	$8.6B	$143M	$8.8B
Q3 23	$7.8B	$164M	$7.9B
Q4 23	$7.9B	$170M	$8.1B
Q1 24	$11.8B	$249M	$12.0B
Q2 24	$9.6B	$231M	$9.8B
Q3 24	$10.6B	$275M	$10.9B
Q4 24	$10.6B	$386M	$11.0B
Q1 25	$9.7B	$402M	$10.1B
Q2 25	$10.3B	$328M	$10.7B
Q3 25	$12.9B	$429M	$13.4B
Q4 25	$12.5B	$443M	$12.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	673M	-0.5%
Q2 23	670M	-0.4%
Q3 23	667M	-0.5%
Q4 23	661M	-0.9%
Q1 24	657M	-0.7%
Q2 24	654M	-0.4%
Q3 24	654M	-0.0%
Q4 24	655M	+0.1%
Q1 25	652M	-0.5%
Q2 25	641M	-1.7%
Q3 25	639M	-0.3%
Q4 25	639M	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$317K	127K
FY 15	$299K	129K
FY 16	$300K	131K
FY 17	$309K	131K
FY 18	$367K	114K
FY 19	$325K	113K
FY 20	$317K	103K
FY 21	$347K	99K
FY 22	$365K	97K
FY 23	$386K	95K
FY 24	$377K	102K
FY 25	$2M	19K