FirmAtlas
Company handbook · HON · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
HON · CIK 773840 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026
Honeywell International Inc.
$211.41
+0.91 (+0.43%)
Close, Oct 16, 2026 · 52-week $187–252
Last fiscal year
Honeywell International Inc. reported revenue of $37.4B for the year ended Dec 31, 2025 (FY25), up 7.8% from FY24. Net income was $4.7B, operating cash flow $6.4B and free cash flow $5.4B. Source: 10-K filed Feb 17, 2026.
Market cap
$134.3B
P/E
16.4
EV/EBITDA
15.6x
P/B
7.2
Div yield
2.02%
ROIC
21.7%
Revenue 1Y
7.8%/yr
EPS 1Y
−15.5%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOVimal Kapur
HQCharlotte, NC
AuditorDeloitte & Touche LLP
Employees101,000
Year endsDecember
Revenue by segment · FY25
Aerospace47%
Industrial Automation25%
Home And Building Technologies20%
Energy And Sustainability Solutions8%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
6.8%
−0.9%
4.3%
4.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$24.3B deployed
Capex
$1.9B
7.6%
Acquisitions
$11.1B
45.7%
Dividends
$5.9B
24.2%
Buybacks
$5.5B
22.5%
Operating cash flow over the period: $12.5B. Total debt changed by +$1.7B. R&D of $3.3B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
34,717
37,442+7.8%
38,057
YoY
+7.8%
Operating income
7,667
8,127+6.0%
8,366
Operating margin
22.1%
21.7%−0.4 pp
—
EBITDA
8,820
9,515+7.9%
—
EBITDA margin
25.4%
25.4%+0.0 pp
—
Interest expense
1,048
1,344+28.2%
—
Interest coverage
8.42x
7.08x−1.34x
—
Net income
5,705
4,729−17.1%
8,213
YoY
−17.1%
Net margin
16.4%
12.6%−3.8 pp
—
EPS (diluted, $)
8.71
7.36−15.5%
—
YoY
−15.5%
Balance sheet
Total assets
75,196
73,681−2.0%
77,344
Cash & short-term investments
10,953
12,930+18.0%
—
Accounts receivable
7,247
7,621+5.2%
—
Inventory
5,884
6,162+4.7%
—
Net PP&E
4,457
4,629+3.9%
—
Other assets
46,655
42,339−9.3%
—
Total liabilities
56,577
59,777+5.7%
58,807
Accounts payable
6,109
6,315+3.4%
—
Total debt
25,440
27,141+6.7%
26,228
Other liabilities
25,028
26,321+5.2%
—
Shareholders’ equity
18,619
13,904−25.3%
18,537
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
6,097
6,408+5.1%
5,118
Net income
5,740
4,772−16.9%
—
Depreciation & amortization
1,153
1,388+20.4%
—
Stock-based compensation
189
196+3.7%
—
Working capital & other
(985)
52n/m
—
Cash from investing
(10,157)
(2,711)n/m
—
Capex
(871)
(986)n/m
—
PP&E sold
0
31n/m
—
Acquisitions
(8,880)
(2,211)n/m
—
Investments bought
(1,077)
(1,503)n/m
—
Investments sold / matured
870
1,469+68.9%
—
Other investing
(199)
489n/m
—
Cash from financing
6,839
(1,953)−128.6%
—
Debt repaid
(1,812)
(2,909)n/m
—
Dividends
(2,902)
(2,976)n/m
—
Buybacks
(1,655)
(3,804)n/m
—
Other financing
13,208
7,736−41.4%
—
Net change in cash
2,642
1,920−27.3%
—
Free cash flow (OCF − capex)
5,226
5,422+3.8%
4,010
Where the cash went
Operating cash flow
6,097
6,408+5.1%
5,118
Reinvested in the business
9,751
3,197−67.2%
—
% of operating cash flow
159.9%
49.9%
Capex
871
986+13.2%
1,108
Acquisitions
8,880
2,211−75.1%
—
R&D (memo, already in costs)
1,454
1,812+24.6%
—
Free cash flow
5,226
5,422+3.8%
4,010
YoY
+3.8%
Returned to shareholders
4,557
6,780+48.8%
—
% of free cash flow
87.2%
125.0%
Dividends
2,902
2,976+2.5%
—
Buybacks
1,655
3,804+129.8%
—
Change in total debt
—
1,701
—
Cash left over
—
(1,868)
—
FCF conversion (FCF ÷ net income)
91.6%
114.7%+23.1 pp
—
Owner earnings
—
4,685
—
Owner earnings margin
—
12.5%
—
Buyback yield
1.1%
3.1%+1.9 pp
—
Returns & ratios
ROIC (all capital)
18.5%
21.7%+3.1 pp
—
ROIC (operating)
53.4%
56.3%+2.8 pp
—
Net debt / EBITDA
1.64x
1.49x−0.15x
—
Debt / equity
1.37x
1.95x+0.59x
—
Cash conversion cycle (days)
74
73−1 d
—
ROE
30.6%
34.0%+3.4 pp
—
ROA
7.6%
6.4%−1.2 pp
—
ROCE
14.2%
16.2%+2.0 pp
—
NOPAT
6,133
6,631+8.1%
—
Invested capital (operating)
11,479
12,097+5.4%
—
Invested capital (all)
33,106
28,115−15.1%
—
Reinvestment rate
—
9.3%
—
Debtor days
76
74−2 d
—
Inventory days
62
60−2 d
—
Days payable
64
62−3 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
10,408
8,787
9,143
9,719
vs year-ago quarter
Gross profit
3,547
3,156
3,539
3,653
Gross margin
34.1%
35.9%
38.7%
37.6%
Operating income
2,407
1,590
2,129
2,240
Net income
1,825
(115)
821
5,682
vs year-ago quarter
Net margin
17.5%
−1.3%
9.0%
58.5%
EPS (diluted, $)
2.86
−0.18
1.29
17.83
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
80,917
73,681
73,988
77,344
Cash & equivalents
12,930
12,930
11,977
8,751
Total debt
30,092
27,141
29,010
26,228
Shareholders’ equity
16,782
13,904
13,590
18,537
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
3,288
1,204
(650)
1,276
Capex
512
58
223
315
Free cash flow
2,776
1,146
(873)
961
vs year-ago quarter