Honeywell International Inc. (HON) 10-Year Financial Performance & Capital Metrics

HON • • Industrial / General

IndustrialsConglomeratesDiversified Industrial ConglomeratesBroad Industrial Technology

AboutHoneywell 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 systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems, as well as wireless connectivity and management services. The company's Honeywell Building Technologies segment offers software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. Its Performance Materials and Technologies segment offers automation control, instrumentation, and software and related services; catalysts and adsorbents, equipment, and consulting; and materials to manufacture end products, such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging, as well as provides reduced and low global-warming-potential materials based on hydrofluoro-olefin technology. The company's Safety and Productivity Solutions segment provides personal protection equipment, apparel, gear, and footwear; gas detection technology; cloud-based notification and emergency messaging; mobile devices and software; supply chain and warehouse automation equipment, and software solutions; custom-engineered sensors, switches, and controls; and data and asset management productivity software solutions. The company was founded in 1906 and is headquartered in Charlotte, North Carolina.Show more

Revenue $38.5B +5.0%
EBITDA $9.2B +1.7%
Net Income $5.71B +0.8%
EPS (Diluted) 8.71 +2.8%
Gross Margin 38.34% -1.7%
EBITDA Margin 23.91% -3.2%
Operating Margin 20.44% -4.8%
Net Margin 14.82% -4.0%
ROE 32.05% -4.4%
ROIC 16.66% -17.8%
Debt/Equity 1.68 +28.4%
Interest Coverage 7.44 -27.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 30.9%
✓14 consecutive years of dividend growth
✓Healthy dividend yield of 2.1%
✓Healthy 5Y average net margin of 15.0%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.46%

5Y0.96%

3Y3.83%

TTM7.48%

Profit (Net Income) CAGR

10Y3.01%

5Y-1.47%

3Y0.97%

TTM7.85%

EPS CAGR

10Y5.03%

5Y0.7%

3Y3.26%

TTM9.58%

ROCE

10Y Avg18.21%

5Y Avg16.17%

3Y Avg17.09%

Latest16.24%

Peer Comparison

Broad Industrial Technology

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HONHoneywell International Inc.	136.51B	215.02	24.69	5.05%	15.07%	34.54%	3.61%	1.68
MMM3M Company	90.89B	171.10	22.66	-0.14%	13.7%	72.75%	0.7%	3.51
FBYDFalcon's Beyond Global, Inc. Class A Common Stock	328.7M	6.79	4.82	-63.03%	11.2%	5.46%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	38.56B	39.3B	40.52B	41.81B	36.71B	32.64B	34.39B	35.45B	36.65B	38.5B
Revenue Growth %	-0.04%	0.02%	0.03%	0.03%	-0.12%	-0.11%	0.05%	0.03%	0.03%	0.05%
Cost of Goods Sold+	24.5B	24.47B	25.6B	26.4B	22.57B	20.49B	21.61B	21.84B	22.35B	23.74B
COGS % of Revenue	0.64%	0.62%	0.63%	0.63%	0.61%	0.63%	0.63%	0.62%	0.61%	0.62%
Gross Profit+	14.07B	14.84B	14.91B	15.41B	14.13B	12.15B	12.77B	13.61B	14.29B	14.76B
Gross Margin %	0.36%	0.38%	0.37%	0.37%	0.39%	0.37%	0.37%	0.38%	0.39%	0.38%
Gross Profit Growth %	0.02%	0.05%	0.01%	0.03%	-0.08%	-0.14%	0.05%	0.07%	0.05%	0.03%
Operating Expenses+	6.8B	7.49B	7.76B	7.62B	6.81B	5.86B	6.03B	6.38B	6.42B	6.89B
OpEx % of Revenue	0.18%	0.19%	0.19%	0.18%	0.19%	0.18%	0.18%	0.18%	0.18%	0.18%
Selling, General & Admin	4.95B	5.35B	5.93B	5.81B	5.25B	4.53B	4.7B	4.9B	4.96B	5.35B
SG&A % of Revenue	0.13%	0.14%	0.15%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%
Research & Development	1.86B	2.14B	1.83B	1.81B	1.56B	1.33B	1.33B	1.48B	1.46B	1.54B
R&D % of Revenue	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	7.26B	7.35B	7.15B	7.79B	7.33B	6.29B	6.75B	7.23B	7.87B	7.87B
Operating Margin %	0.19%	0.19%	0.18%	0.19%	0.2%	0.19%	0.2%	0.2%	0.21%	0.2%
Operating Income Growth %	0.13%	0.01%	-0.03%	0.09%	-0.06%	-0.14%	0.07%	0.07%	0.09%	-0%
EBITDA+	8.15B	8.38B	8.27B	8.91B	8.41B	7.29B	7.97B	8.44B	9.05B	9.2B
EBITDA Margin %	0.21%	0.21%	0.2%	0.21%	0.23%	0.22%	0.23%	0.24%	0.25%	0.24%
EBITDA Growth %	0.11%	0.03%	-0.01%	0.08%	-0.06%	-0.13%	0.09%	0.06%	0.07%	0.02%
D&A (Non-Cash Add-back)	883M	1.03B	1.11B	1.12B	1.09B	1B	1.22B	1.2B	1.18B	1.33B
EBIT	6.9B	6.71B	7.24B	7.82B	7.99B	6.37B	7.58B	6.79B	7.92B	8.27B
Net Interest Income+	-206M	-232M	-165M	-150M	-102M	-252M	-241M	-276M	-444M	-632M
Interest Income	104M	106M	151M	217M	255M	107M	102M	138M	321M	426M
Interest Expense	310M	338M	316M	367M	357M	359M	343M	414M	765M	1.06B
Other Income/Expense	-679M	-901M	-202M	-308M	232M	-278M	490M	-855M	-714M	-657M
Pretax Income+	6.59B	6.45B	6.9B	7.49B	7.56B	6.01B	7.24B	6.38B	7.16B	7.21B
Pretax Margin %	0.17%	0.16%	0.17%	0.18%	0.21%	0.18%	0.21%	0.18%	0.2%	0.19%
Income Tax+	1.74B	1.6B	5.2B	659M	1.33B	1.15B	1.63B	1.41B	1.49B	1.47B
Effective Tax Rate %	0.72%	0.75%	0.24%	0.9%	0.81%	0.79%	0.77%	0.78%	0.79%	0.79%
Net Income+	4.77B	4.81B	1.66B	6.76B	6.14B	4.78B	5.54B	4.97B	5.66B	5.71B
Net Margin %	0.12%	0.12%	0.04%	0.16%	0.17%	0.15%	0.16%	0.14%	0.15%	0.15%
Net Income Growth %	0.12%	0.01%	-0.66%	3.09%	-0.09%	-0.22%	0.16%	-0.1%	0.14%	0.01%
Net Income (Continuing)	4.85B	4.85B	1.59B	6.83B	6.23B	4.87B	5.61B	4.97B	5.67B	5.74B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	425M	181M	168M	185M	219M	248M	680M	629M	585M	542M
EPS (Diluted)+	6.04	6.21	2.00	8.98	8.41	6.72	7.91	7.27	8.47	8.71
EPS Growth %	0.13%	0.03%	-0.68%	3.49%	-0.06%	-0.2%	0.18%	-0.08%	0.17%	0.03%
EPS (Basic)	6.11	6.30	2.03	9.10	8.52	6.79	8.01	7.33	8.53	8.76
Diluted Shares Outstanding	789.3M	775.3M	772.1M	753M	730.3M	711.2M	700.4M	683.1M	668.2M	655.3M
Basic Shares Outstanding	779.8M	764.3M	762.1M	743M	721M	704.1M	692.3M	677.1M	663M	650.9M
Dividend Payout Ratio	0.36%	0.4%	1.28%	0.34%	0.4%	0.54%	0.47%	0.55%	0.5%	0.51%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	20.05B	23.06B	26B	24.36B	24.3B	28.18B	25.37B	24.98B	23.5B	27.91B
Cash & Short-Term Investments	5.46B	9.36B	10.82B	10.91B	10.42B	15.22B	11.52B	10.11B	8.1B	10.95B
Cash Only	5.46B	7.84B	7.06B	9.29B	9.07B	14.28B	10.96B	9.63B	7.92B	10.57B
Short-Term Investments	0	1.52B	3.76B	1.62B	1.35B	945M	564M	483M	170M	386M
Accounts Receivable	8.07B	8.18B	8.87B	7.51B	7.49B	6.83B	6.83B	7.44B	7.53B	7.82B
Days Sales Outstanding	76.43	75.93	79.87	65.54	74.51	76.34	72.5	76.6	75	74.14
Inventory	4.42B	4.37B	4.61B	4.33B	4.42B	4.49B	5.14B	5.54B	6.18B	6.44B
Days Inventory Outstanding	65.85	65.13	65.76	59.82	71.49	79.98	86.77	92.56	100.88	99.05
Other Current Assets	2.1B	1.15B	1.71B	1.62B	1.97B	1.64B	1.88B	1.89B	1.7B	2.69B
Total Non-Current Assets+	29.26B	31.09B	33.47B	33.41B	34.38B	36.41B	39.1B	37.29B	38.02B	47.29B
Property, Plant & Equipment	5.79B	5.79B	5.93B	5.3B	5.33B	5.57B	5.56B	5.47B	5.66B	6.19B
Fixed Asset Turnover	6.66x	6.78x	6.84x	7.89x	6.89x	5.86x	6.18x	6.48x	6.47x	6.22x
Goodwill	15.89B	17.71B	18.28B	15.55B	15.56B	16.06B	17.76B	17.5B	18.05B	21.82B
Intangible Assets	4.58B	4.63B	4.5B	4.14B	3.73B	3.56B	3.61B	3.22B	3.23B	6.66B
Long-Term Investments	517M	587M	667M	742M	588M	685M	1.22B	945M	939M	1.39B
Other Non-Current Assets	2.2B	2.02B	3.85B	7.31B	9.08B	9.78B	10.46B	9.74B	9.75B	10.98B
Total Assets+	49.32B	54.15B	59.47B	57.77B	58.68B	64.59B	64.47B	62.27B	61.52B	75.2B
Asset Turnover	0.78x	0.73x	0.68x	0.72x	0.63x	0.51x	0.53x	0.57x	0.60x	0.51x
Asset Growth %	0.09%	0.1%	0.1%	-0.03%	0.02%	0.1%	-0%	-0.03%	-0.01%	0.22%
Total Current Liabilities+	18.37B	16.33B	18.86B	18.92B	18.1B	19.2B	19.51B	19.94B	18.54B	21.26B
Accounts Payable	5.58B	5.69B	6.58B	5.61B	5.73B	5.75B	6.48B	6.33B	6.85B	6.88B
Days Payables Outstanding	83.14	84.89	93.86	77.53	92.65	102.45	109.5	105.78	111.84	105.79
Short-Term Debt	6.51B	3.59B	5.31B	6.46B	4.89B	6.04B	5.34B	4.45B	3.88B	5.62B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.71B	1.74B	1.65B	1.64B	1.77B	1.47B	1.5B	1.44B	1.55B	2.02B
Current Ratio	1.09x	1.41x	1.38x	1.29x	1.34x	1.47x	1.30x	1.25x	1.27x	1.31x
Quick Ratio	0.85x	1.14x	1.13x	1.06x	1.10x	1.23x	1.04x	0.98x	0.93x	1.01x
Cash Conversion Cycle	59.15	56.18	51.77	47.83	53.34	53.88	49.77	63.38	64.04	67.4
Total Non-Current Liabilities+	12.24B	18.27B	23.94B	20.48B	21.87B	27.59B	25.71B	25.01B	26.55B	34.78B
Long-Term Debt	5.55B	12.18B	12.57B	9.76B	11.11B	16.34B	14.25B	15.12B	16.56B	25.48B
Capital Lease Obligations	0	0	0	0	534M	641M	847M	775M	897M	927M
Deferred Tax Liabilities	558M	486M	2.66B	1.71B	1.67B	2.11B	2.36B	2.09B	2.09B	1.79B
Other Non-Current Liabilities	6.03B	5.52B	8.63B	7.75B	7.24B	7.14B	6.92B	5.69B	5.82B	5.4B
Total Liabilities	30.61B	34.6B	42.8B	39.41B	39.97B	46.79B	45.22B	44.95B	45.08B	56.03B
Total Debt+	12.07B	15.78B	17.88B	16.21B	16.71B	23.21B	20.63B	20.54B	21.54B	32.23B
Net Debt	6.61B	7.93B	10.82B	6.93B	7.64B	8.94B	9.67B	10.91B	13.61B	21.66B
Debt / Equity	0.65x	0.81x	1.07x	0.88x	0.89x	1.30x	1.07x	1.19x	1.31x	1.68x
Debt / EBITDA	1.48x	1.88x	2.16x	1.82x	1.99x	3.18x	2.59x	2.43x	2.38x	3.50x
Net Debt / EBITDA	0.81x	0.95x	1.31x	0.78x	0.91x	1.23x	1.21x	1.29x	1.50x	2.35x
Interest Coverage	23.44x	21.74x	22.63x	21.24x	20.52x	17.52x	19.66x	17.47x	10.29x	7.44x
Total Equity+	18.71B	19.55B	16.67B	18.36B	18.71B	17.8B	19.25B	17.33B	16.44B	19.16B
Equity Growth %	0.04%	0.05%	-0.15%	0.1%	0.02%	-0.05%	0.08%	-0.1%	-0.05%	0.17%
Book Value per Share	23.70	25.22	21.59	24.39	25.62	25.02	27.48	25.36	24.60	29.24
Total Shareholders' Equity	18.28B	19.37B	16.5B	18.18B	18.49B	17.55B	18.57B	16.7B	15.86B	18.62B
Common Stock	958M	958M	958M	958M	958M	958M	958M	958M	958M	958M
Retained Earnings	26.15B	28.71B	27.48B	33.98B	37.69B	39.91B	42.83B	45.09B	47.98B	50.84B
Treasury Stock	-11.66B	-13.37B	-15.91B	-19.77B	-23.84B	-27.23B	-30.46B	-34.44B	-38.01B	-39.38B
Accumulated OCI	-2.54B	-2.71B	-2.23B	-3.44B	-3.2B	-3.38B	-2.9B	-3.48B	-4.13B	-3.49B
Minority Interest	425M	181M	168M	185M	219M	248M	680M	629M	585M	542M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.45B	5.5B	5.97B	6.43B	6.9B	6.21B	6.04B	5.27B	5.34B	6.1B
Operating CF Margin %	0.14%	0.14%	0.15%	0.15%	0.19%	0.19%	0.18%	0.15%	0.15%	0.16%
Operating CF Growth %	0.09%	0.01%	0.09%	0.08%	0.07%	-0.1%	-0.03%	-0.13%	0.01%	0.14%
Net Income	4.77B	4.81B	1.66B	6.76B	6.14B	4.78B	5.61B	4.97B	5.66B	5.71B
Depreciation & Amortization	883M	1.03B	1.11B	1.12B	1.09B	1B	1.22B	1.2B	1.18B	1.33B
Stock-Based Compensation	175M	184M	176M	175M	153M	168M	217M	188M	202M	194M
Deferred Taxes	315M	76M	2.29B	-586M	179M	-175M	178M	-180M	153M	-233M
Other Non-Cash Items	-524M	-417M	1.29B	-1.32B	-710M	-929M	-1.48B	-160M	-2.21B	-1.14B
Working Capital Changes	-163M	-184M	-563M	286M	44M	1.36B	288M	-745M	361M	237M
Change in Receivables	211M	-770M	-682M	-236M	11M	669M	-8M	-739M	-42M	-96M
Change in Inventory	230M	-18M	-259M	-503M	-100M	-67M	-685M	-440M	-626M	-304M
Change in Payables	-17M	254M	924M	733M	118M	15M	744M	-155M	518M	95M
Cash from Investing+	-6.51B	-3.34B	-3.57B	1.03B	-533M	-987M	-1.06B	-93M	-1.29B	-10.16B
Capital Expenditures	-1.07B	-1.09B	-1.03B	-828M	-839M	-906M	-895M	-766M	-1.04B	-1.16B
CapEx % of Revenue	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	0.03%	0.02%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-87M	303M	-132M	417M	145M	57M	613M	438M	0	0
Cash from Financing+	102M	346M	-3.52B	-5.03B	-6.6B	-81M	-8.25B	-6.33B	-5.76B	6.84B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.73B	-1.92B	-2.12B	-2.27B	-2.44B	-2.59B	-2.63B	-2.72B	-2.85B	-2.9B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	81M	398M	377M	2.48B	419M	334M	148M	272M	28M	3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.38B	4.4B	4.93B	5.61B	6.06B	5.3B	5.14B	4.51B	4.3B	4.93B
FCF Margin %	0.11%	0.11%	0.12%	0.13%	0.17%	0.16%	0.15%	0.13%	0.12%	0.13%
FCF Growth %	0.11%	0.01%	0.12%	0.14%	0.08%	-0.12%	-0.03%	-0.12%	-0.05%	0.15%
FCF per Share	5.55	5.68	6.39	7.44	8.30	7.46	7.34	6.60	6.44	7.53
FCF Conversion (FCF/Net Income)	1.14x	1.14x	3.60x	0.95x	1.12x	1.30x	1.09x	1.06x	0.94x	1.07x
Interest Paid	310M	329M	306M	353M	344M	329M	339M	375M	649M	869M
Taxes Paid	1.19B	1.14B	1.75B	1.57B	1.56B	1.17B	1.2B	1.32B	1.58B	1.69B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	25.98%	25.14%	9.14%	38.62%	33.14%	26.18%	29.92%	27.16%	33.51%	32.05%
Return on Invested Capital (ROIC)	24.19%	20.87%	19.51%	22.15%	21.28%	17.77%	18.18%	18.98%	20.26%	16.66%
Gross Margin	36.47%	37.75%	36.81%	36.87%	38.5%	37.24%	37.14%	38.4%	39%	38.34%
Net Margin	12.36%	12.24%	4.08%	16.18%	16.74%	14.64%	16.12%	14.01%	15.44%	14.82%
Debt / Equity	0.65x	0.81x	1.07x	0.88x	0.89x	1.30x	1.07x	1.19x	1.31x	1.68x
Interest Coverage	23.44x	21.74x	22.63x	21.24x	20.52x	17.52x	19.66x	17.47x	10.29x	7.44x
FCF Conversion	1.14x	1.14x	3.60x	0.95x	1.12x	1.30x	1.09x	1.06x	0.94x	1.07x
Revenue Growth	-4.31%	1.92%	3.09%	3.19%	-12.21%	-11.08%	5.35%	3.1%	3.37%	5.05%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Aerospace	15.24B	14.75B	14.78B	15.49B	14.05B	11.54B	11.03B	11.83B	13.9B	15.46B
Aerospace Growth	-	-3.19%	0.19%	4.83%	-9.29%	-17.86%	-4.49%	7.26%	17.51%	11.22%
Safety And Productivity Solutions	14.11B	4.63B	5.64B	6.34B	6.1B	6.48B	7.81B	6.91B	5.49B	10.05B
Safety And Productivity Solutions Growth	-	-67.22%	21.92%	12.38%	-3.68%	6.18%	20.57%	-11.61%	-20.53%	83.11%
Home And Building Technologies	-	10.65B	9.78B	9.3B	5.72B	5.92B	6.87B	6.99B	7.3B	8.26B
Home And Building Technologies Growth	-	-	-8.23%	-4.90%	-38.51%	3.62%	15.99%	1.75%	4.45%	13.08%
Energy and Sustainability Solutions	-	-	-	-	-	-	-	-	-	6.42B
Energy and Sustainability Solutions Growth	-	-	-	-	-	-	-	-	-	-
Performance Materials And Technologies	9.23B	9.27B	10.34B	10.67B	10.83B	9.42B	10.01B	10.73B	11.51B	-
Performance Materials And Technologies Growth	-	0.40%	11.51%	3.24%	1.50%	-13.02%	6.26%	7.13%	7.26%	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	23.77B	22.65B	22.72B	23.84B	21.91B	19.66B	20.66B	21.26B	20.91B	21.82B
United States Growth	-	-4.71%	0.31%	4.92%	-8.10%	-10.25%	5.07%	2.90%	-1.67%	4.36%
Europe	8.67B	9.97B	10.4B	10.07B	7.42B	6.36B	6.8B	6.84B	8.05B	8.76B
Europe Growth	-	14.90%	4.35%	-3.21%	-26.25%	-14.39%	6.99%	0.59%	17.72%	8.79%
Other International	6.14B	6.68B	7.41B	7.89B	7.38B	6.62B	6.93B	7.36B	7.7B	7.92B
Other International Growth	-	8.93%	10.89%	6.52%	-6.59%	-10.29%	4.75%	6.26%	4.60%	2.80%

Frequently Asked Questions

Valuation & Price

Honeywell International Inc. (HON) has a price-to-earnings (P/E) ratio of 24.7x. This is roughly in line with market averages.

Growth & Financials

Honeywell International Inc. (HON) reported $40.67B in revenue for fiscal year 2024. This represents a 11% increase from $36.50B in 2011.

Honeywell International Inc. (HON) grew revenue by 5.0% over the past year. This is steady growth.

Yes, Honeywell International Inc. (HON) is profitable, generating $6.13B in net income for fiscal year 2024 (14.8% net margin).

Dividend & Returns

Yes, Honeywell International Inc. (HON) pays a dividend with a yield of 2.06%. This makes it attractive for income-focused investors.

Honeywell International Inc. (HON) has a return on equity (ROE) of 32.0%. This is excellent, indicating efficient use of shareholder capital.

Honeywell International Inc. (HON) generated $6.16B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...