HON

MKT CAP:$135B

Honeywell International Inc.

Market Cap

$135B

Industrials·Conglomerates·🇺🇸 United States·NASDAQ

Industrials·Conglomerates·🇺🇸·NASDAQ

Stock Price

$212.68+$16.80 (+8.57%)

Apr 24, 2026

Company Details

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

CEO

Vimal Kapur

IPO Date

Feb 21, 2001

Website

www.honeywell.com

Key Metrics TTM

Revenue

$39.3B

+7.1% YoY

Net Income

$5.7B

EPS (Diluted)

$8.80

Free Cash Flow

$4.8B

Revenue / Share

$61.28

Gross Margin

38.1%

Operating Margin

19.9%

Net Margin

14.6%

FCF Margin

12.3%

P/S

3.4x

P/E

23.5x

Earnings Reports

Q2 2025

Jul 24, 2025

$10.4BEPS $2.45

FY 2024

Feb 14, 2025

$34.7B+5.2%EPS $8.71

Q4 2024

Feb 14, 2025

$10.1B+6.9%EPS $1.96

Q3 2024

Oct 24, 2024

$9.7B+5.6%EPS $2.16

Q1 2024

Apr 25, 2024

$9.1B+2.7%EPS $2.23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$7.8B	$2.4B	$1.3B
Q4 20	$8.9B	$2.9B	$1.7B
Q1 21	$8.5B	$2.7B	$1.5B
Q4 21	$8.7B	$2.7B	$1.5B
Q1 22	$8.4B	$3.1B	$1.3B
Q2 22	$9.0B	$3.3B	$1.6B
Q3 22	$9.0B	$3.4B	$1.7B
Q4 22	$9.2B	$3.1B	$1.8B
Q1 23	$8.9B	$3.4B	$1.7B
Q2 23	$9.1B	$3.5B	$1.9B
Q3 23	$9.2B	$3.5B	$1.9B
Q4 23	$9.4B	$3.2B	$1.6B
Q1 24	$9.1B	$3.5B	$1.9B
Q3 24	$9.7B	$3.7B	$2.0B
Q4 24	$10.1B	$3.7B	$1.8B
Q2 25	$10.4B	$4.0B	$2.1B

Valuation

Quarter	P/S	P/E
Q3 20	3.5x	23.2x
Q4 20	4.5x	30.8x
Q1 21	4.7x	32.9x
Q4 21	4.2x	28.5x
Q1 22	3.9x	25.2x
Q2 22	3.5x	23.1x
Q3 22	3.3x	21.6x
Q4 22	4.0x	28.3x
Q1 23	3.6x	24.6x
Q2 23	3.8x	25.3x
Q3 23	3.3x	22.1x
Q4 23	3.6x	23.4x
Q1 24	3.6x	22.9x
Q3 24	3.6x	23.8x
Q4 24	3.8x	27.2x
Q2 25	3.8x	25.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$1.0B	$758M
Q4 20	$2.8B	$2.5B
Q1 21	$978M	$757M
Q4 21	$2.7B	$2.4B
Q1 22	$36M	-$147M
Q2 22	$789M	$631M
Q3 22	$2.1B	$1.9B
Q4 22	$2.4B	$2.1B
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
Q3 24	$2.0B	$1.7B
Q4 24	$2.3B	$1.9B
Q2 25	$1.3B	$1.0B

Capital Expenditures

Quarter	CapEx
Q3 20	$249M
Q4 20	$291M
Q1 21	$221M
Q4 21	$281M
Q1 22	$183M
Q2 22	$158M
Q3 22	$184M
Q4 22	$241M
Q1 23	$193M
Q2 23	$233M
Q3 23	$249M
Q4 23	$364M
Q1 24	$233M
Q3 24	$279M
Q4 24	$393M
Q2 25	$303M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	-14.2%	-11.6%
Q4 20	-6.3%	-7.4%
Q1 21	-0.1%	+2.6%
Q4 21	+15.8%	+10.5%
Q1 22	+7.4%	+9.5%
Q2 22	+0.6%	+1.8%
Q3 22	+5.9%	+3.8%
Q4 22	+6.1%	+3.3%
Q1 23	+5.8%	+0.9%
Q2 23	+2.2%	-1.2%
Q3 23	+2.9%	+1.1%
Q4 23	+2.8%	+6.6%
Q1 24	+2.7%	+1.0%
Q3 24	+6.4%	+6.6%
Q4 24	+9.5%	+13.2%
Q2 25	+9.7%	+4.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$40M	0.5%
Q4 20	$50M	0.6%
Q1 21	$77M	0.9%
Q4 21	$45M	0.5%
Q1 22	$60M	0.7%
Q2 22	$53M	0.6%
Q3 22	$50M	0.6%
Q4 22	$25M	0.3%
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%
Q3 24	$45M	0.5%
Q4 24	$41M	0.4%
Q2 25	$57M	0.6%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q3 20	—	$1.1B	—
Q4 20	—	$1.2B	—
Q1 21	—	$1.2B	—
Q4 21	—	$1.2B	—
Q1 22	$350M	$1.4B	—
Q2 22	$386M	$1.3B	—
Q3 22	$387M	$1.2B	—
Q4 22	—	$1.2B	—
Q1 23	$357M	$1.3B	—
Q2 23	$375M	$1.3B	—
Q3 23	$364M	$1.3B	—
Q4 23	$360M	$1.3B	—
Q1 24	$360M	$1.3B	—
Q3 24	$368M	$1.4B	—
Q4 24	$426M	—	$1.4B
Q2 25	$481M	—	$1.4B

Revenue Segments

Quarter	Product	Service	Aerospace	Energy and Sustainability Solutions	Home And Building Technologies	Safety And Productivity Solutions
Q3 20	$5.9B	$1.9B	—	—	—	—
Q4 20	$6.8B	$2.1B	—	—	—	—
Q1 21	$6.4B	$2.0B	—	—	—	—
Q4 21	$6.4B	$2.3B	—	—	—	—
Q1 22	$6.1B	$2.2B	—	—	—	—
Q2 22	$6.7B	$2.3B	—	—	—	—
Q3 22	$6.6B	$2.4B	—	—	—	—
Q4 22	$6.6B	$2.6B	—	—	—	—
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

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$8.2B	$411M	$8.7B
Q3 22	$7.4B	$516M	$8.0B
Q4 22	$9.6B	$483M	$10.1B
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
Q1 26	$12.0B	$413M	$12.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	710M	+0.2%	-2.4%
Q4 20	710M	+0.1%	-1.7%
Q1 21	705M	-0.8%	-1.7%
Q4 21	696M	-1.2%	-1.7%
Q1 22	691M	-0.6%	-2.6%
Q2 22	685M	-0.9%	-3.5%
Q3 22	680M	-0.8%	-3.5%
Q4 22	677M	-0.5%	-2.8%
Q1 23	673M	-0.5%	-2.6%
Q2 23	670M	-0.4%	-2.2%
Q3 23	667M	-0.5%	-1.9%
Q4 23	661M	-0.9%	-2.3%
Q1 24	657M	-0.7%	-2.4%
Q3 24	654M	-0.4%	-2.4%
Q4 24	655M	+0.1%	-1.8%
Q2 25	641M	-2.1%	-3.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$69.0K	113K
Q4 20	$86.4K	103K
Q1 21	$82.1K	103K
Q4 21	$87.4K	99K
Q1 22	$84.6K	99K
Q2 22	$90.4K	99K
Q3 22	$90.4K	99K
Q4 22	$94.7K	97K
Q1 23	$91.4K	97K
Q2 23	$94.3K	97K
Q3 23	$95.0K	97K
Q4 23	$99.4K	95K
Q1 24	$95.8K	95K
Q3 24	$102.4K	95K
Q4 24	$98.9K	102K
Q2 25	$101.5K	102K

Revenue / Employee