Financials

Honeywell International Inc. financials

HON Industrial Conglomerates

Honeywell International Inc., founded in 1906, is a diversified technology and manufacturing conglomerate with key operations in aerospace, building technologies, performance materials, and safety solutions. Under CEO Darius Adamczyk’s leadership since 2017, the company leverages innovative engineering and digital transformation to drive revenue growth. Its flagship products include advanced aerospace systems and comprehensive building management solutions, positioning it among the top five players in its sectors. Honeywell is focused on sustainable growth through R&D investments and strategic initiatives that capitalize on emerging IoT and smart manufacturing trends.

Snapshot

Honeywell International Inc. reported $37.44B in revenue in fiscal 2025, up 7.8% year over year, with an operating margin of 18.9%.

Revenue (FY2025): $37.44B
YoY growth: +7.8%
Operating margin: 18.9%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	37,442,000	34,717,000	33,009,000	35,466,000
Cost of Sales	23,613,000	21,360,000	20,637,000	22,347,000
Gross Profit	13,829,000	13,357,000	12,372,000	13,119,000
Selling, General & Administrative Expenses	5,450,000	5,235,000	4,887,000	5,214,000
Research & Development Expenses	1,812,000	1,454,000	1,375,000	1,478,000
Other Operating Expenses	(523,000)	(573,000)	(611,000)	(366,000)
Operating Profit	7,090,000	7,241,000	6,721,000	6,793,000
Interest Expense	(1,344,000)	(1,048,000)	(749,000)	(414,000)
Total Non-Operating Income	(1,344,000)	(1,048,000)	(749,000)	(414,000)
Income Before Provision for Income Taxes	5,476,000	6,244,000	6,191,000	6,379,000
Provision for Income Taxes	1,008,000	1,249,000	1,262,000	1,412,000
Consolidated Net Income	4,468,000	4,995,000	4,929,000	4,967,000
Net Income Attributable to Minority Interests and Other	43,000	35,000	14,000	1,000
Net Income Attributable to Discontinued Operations	304,000	745,000	743,000	—
Net Income Attributable to Common Shareholders	4,729,000	5,705,000	5,658,000	4,966,000
Basic EPS	7.40	8.76	8.53	7.33
Diluted EPS	7.36	8.71	8.47	7.27
Basic Weighted Average Shares Outstanding	639,000	650,900	663,000	677,100
Diluted Weighted Average Shares Outstanding	642,800	655,300	668,200	683,100
Shares Outstanding	635,300	649,800	651,800	667,600

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	12,487,000	9,906,000	7,925,000	9,627,000
Short-Term Investments	443,000	386,000	170,000	483,000
Total Cash and Cash Equivalents	12,930,000	10,292,000	8,095,000	10,110,000
Accounts Receivable	7,621,000	7,247,000	7,530,000	7,440,000
Total Trade Receivables	7,621,000	7,247,000	7,530,000	7,440,000
Inventories	6,162,000	5,884,000	6,178,000	5,538,000
Other Current Assets	3,674,000	4,485,000	1,699,000	1,894,000
Total Current Assets	30,387,000	27,908,000	23,502,000	24,982,000
Net Property, Plant & Equipment	4,629,000	4,457,000	5,660,000	5,471,000
Net Intangible Assets	6,736,000	6,621,000	3,231,000	3,222,000
Goodwill	21,079,000	21,019,000	18,049,000	17,497,000
Long-Term Investments	1,404,000	1,230,000	939,000	945,000
Other Long-Term Assets	9,446,000	13,961,000	10,144,000	10,158,000
Total Assets	73,681,000	75,196,000	61,525,000	62,275,000
Accounts Payable	6,315,000	6,109,000	6,849,000	6,329,000
Accrued Expenses	8,462,000	8,055,000	7,809,000	9,162,000
Short-Term Debt	5,893,000	4,273,000	2,085,000	2,717,000
Current Portion of Long-Term Debt	1,546,000	1,325,000	1,796,000	1,730,000
Other Current Liabilities	1,198,000	1,494,000	—	—
Total Current Liabilities	23,414,000	21,256,000	18,539,000	19,938,000
Long-Term Debt	27,141,000	25,440,000	16,562,000	15,123,000
Other Long-Term Liabilities	8,096,000	9,339,000	9,983,000	9,888,000
Total Long-Term Liabilities	35,237,000	34,779,000	26,545,000	25,011,000
Total Liabilities	58,651,000	56,035,000	45,084,000	44,949,000
Common Stock	958,000	958,000	958,000	958,000
Treasury Stock	(43,029,000)	(39,378,000)	(38,008,000)	(34,443,000)
Additional Paid-in Capital	10,157,000	9,695,000	9,062,000	8,564,000
Accumulated Other Comprehensive Income	(5,146,000)	(3,491,000)	(4,135,000)	(3,475,000)
Retained Earnings	50,964,000	50,835,000	47,979,000	45,093,000
Total Common Shareholders' Equity	13,904,000	18,619,000	15,856,000	16,697,000
Minority Interests and Other	1,126,000	542,000	585,000	629,000
Total Shareholders' Equity	15,030,000	19,154,000	16,434,000	17,319,000
Total Liabilities and Shareholders' Equity	73,681,000	75,196,000	61,525,000	62,275,000

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	4,468,000	4,995,000	4,929,000	4,966,000
Depreciation & Amortization	1,388,000	1,152,000	1,004,000	1,204,000
Share-Based Compensation Expense	196,000	189,000	197,000	188,000
Other Adjustments	679,000	(195,000)	(976,000)	(339,000)
Changes in Trade Receivables	(825,000)	(129,000)	67,000	(739,000)
Changes in Inventories	(636,000)	(286,000)	(549,000)	(440,000)
Changes in Accounts Payable	724,000	78,000	444,000	(155,000)
Changes in Accrued Expenses	1,325,000	233,000	270,000	357,000
Changes in Income Taxes Payable	(707,000)	(69,000)	(408,000)	—
Changes in Other Operating Activities	(233,000)	(111,000)	224,000	232,000
Cash from Operating Activities	6,408,000	6,097,000	5,340,000	5,274,000
Capital Expenditure	(986,000)	(871,000)	(741,000)	(766,000)
Proceeds from Sale of Property, Plant & Equipment	31,000	43,000	—	29,000
Purchases of Investments	—	—	—	(1,211,000)
Proceeds from Sale of Investments	(1,503,000)	(1,077,000)	(560,000)	1,255,000
Payments for Business Acquisitions	(2,211,000)	(8,880,000)	(718,000)	(178,000)
Proceeds from Business Divestments	1,157,000	—	4,000	—
Other Investing Activities	(399,000)	94,000	6,000	778,000
Cash from Investing Activities	(2,711,000)	(10,157,000)	(1,293,000)	(93,000)
Issuance of Short-Term Debt	24,297,000	13,838,000	12,991,000	7,661,000
Repayments of Short-Term Debt	(22,815,000)	(11,578,000)	(13,663,000)	(8,447,000)
Net Issuance / (Repayments) of Short-Term Debt	1,482,000	2,260,000	(672,000)	(786,000)
Issuance of Long-Term Debt	4,035,000	10,408,000	2,986,000	2,953,000
Repayments of Long-Term Debt	(2,909,000)	(1,812,000)	(1,731,000)	(1,850,000)
Net Issuance / (Repayments) of Long-Term Debt	1,126,000	8,596,000	1,255,000	1,103,000
Issuance of Common Shares	237,000	537,000	196,000	320,000
Repurchases of Common Shares	(3,804,000)	(1,655,000)	(3,715,000)	(4,200,000)
Net Issuance / (Repurchases) of Common Shares	(3,567,000)	(1,118,000)	(3,519,000)	(3,880,000)
Common Share Dividends Paid	(2,976,000)	(2,902,000)	(2,855,000)	(2,719,000)
Other Financing Activities	1,982,000	3,000	28,000	(48,000)
Cash from Financing Activities	(1,953,000)	6,839,000	(5,763,000)	(6,330,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	176,000	(137,000)	14,000	(183,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	1,920,000	2,642,000	(1,702,000)	(1,332,000)

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$9.14B	+2.4%	16.2%	$1.48B
Q4 2025	$6.86B	+-32.0%	12.6%	$867M
Q3 2025	$10.41B	+7.0%	24.8%	$2.58B
Q2 2025	$10.35B	+8.1%	21.3%	$2.20B
Q1 2025	$8.93B	—	21.8%	$1.95B
Q4 2024	$10.09B	—	18.3%	$1.85B
Q3 2024	$9.73B	—	21.8%	$2.12B
Q2 2024	$9.58B	—	23.2%	$2.22B

Revenue by quarter$M

$9.58B

Q2 '24

$9.73B

Q3 '24

$10.09B

Q4 '24

$8.93B

Q1 '25

$10.35B

Q2 '25

$10.41B

Q3 '25

$6.86B

Q4 '25

$9.14B

Q1 '26

36.9%

Gross margin

18.9%

Operating margin

11.9%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-12

Snapshot

Financial statements

Quarterly trend

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