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Honeywell International Inc.

HON Industrials Conglomerates

Revenue
+4.26%
EPS
+264.2%
Free cash flow
−12.1%
Total debt
+4.20%

Quarter to June 2026, against a year earlier

223.94 5.61 +2.57%
Market cap
$69.3B
P/E
8.4×
Fwd P/E
9.8×
Dividend yield
3.91%
F-score
5/9
Altman Z
3.13
Beneish M
−2.63
Dividend safety
49/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Aerospace Technologies
  • Industrial Automation
  • Building Automation
  • Energy and Sustainability Solutions

Every year since 2008 →

Insider Decisions last twelve months

Sold, $m 12.74
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 3 2 — — — 1 1 — 2 —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 69,290.00
Revenue ttm 38,057.00
Net income ttm 8,174.00
Free cash flow ttm 4,041.00
Net debt Q 22,314.00
Valuation
P/E 8.44
Forward P/E 9.84
Price / sales 1.82
Forward P/S Powerpack
Price / FCF 17.13
Price / book 3.67
Financial health
Current ratio Q 1.21
Debt / equity Q 1.67
Interest coverage Q 4.92
Growth
Revenue growth Q +4.26% (above 0%: growing)
Operating income growth Q −3.15% (below 0%: shrinking)
EPS, this year −17.90% (below 0%: weak)
EPS, next year A +17.20% (at or above 15%: strong)
Revenue, next year A −46.17% (below 0%: weak)
EPS, past 5 yrs +1.84%
EPS, next 5 yrs A +2.79%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 3.4×; over the ten years it ranged from 1.0× in 2016 to 5.1× in 2024.
P/E against its own 10 years 4.19%
10-year low 10-year high
P/S against its own 10 years 9.11%
10-year low 10-year high
P/B against its own 10 years 9.11%
10-year low 10-year high
EV/Sales against its own 10 years 15.06%
10-year low 10-year high
EV/FCF against its own 10 years 44.73%
10-year low 10-year high

Dividends raised every year since 2016

Yield
3.91%
Annual rate
8.54
Payout ratio
33.1%
Growth, 2016–24
+7.50%/yr
  1. 4.90 ’16
  2. 5.48 ’17 +12%
  3. 6.11 ’18 +11%
  4. 6.72 ’19 +10%
  5. 7.26 ’20 +8%
  6. 7.54 ’21 +4%
  7. 7.94 ’22 +5%
  8. 8.34 ’23 +5%
  9. 8.74 ’24 +5%
  10. 4.63 ’25e −47%
  11. 5.16 ’26e +11%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 8,095 10,292 12,930 9,196
Receivables 7,530 7,247 7,621 8,337
Inventory 6,178 5,884 6,162 6,401
Other 1,699 2,624 3,674 4,145
23,502 27,908 30,387 28,079
2023 2024 2025 Q'26
Payables 6,849 6,109 6,315 6,390
ST’ Debt 1,796 1,325 1,546 5,282
Other — 408 1,198 1,275
18,539 21,256 23,414 23,194

Compound Annual Growth %

10y 5y 3y
Sales (0.30%) 2.79% 1.82%
Cash Flow 1.50% 0.64% 6.71%
Earnings (0.08%) (0.21%) (1.62%)
Book Value (2.01%) (3.32%) (4.62%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.17 Actual 2.27

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 5.06 5.18 Beat by 0.12
Q1 FY26 4.62 4.90 Beat by 0.28
Q2 FY26 1.80 1.95 Beat by 0.15
Q3 FY26 2.17 2.27 Beat by 0.10
Q4 FY26 2.44 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 2.58 17.83 — — —
’25 4.44 4.90 5.72 (0.36) 14.72
’24 4.46 4.72 4.32 3.92 17.42
’23 4.14 4.44 4.54 3.82 16.94
’22 3.28 3.68 4.56 3.02 14.54
’21 4.06 4.08 3.60 4.10 15.82
’20 4.42 3.06 2.14 3.82 13.44
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 9,143 9,719 — — —
’25 8,925 9,322 9,437 9,758 37,442
’24 8,157 8,572 8,819 9,169 34,717
’23 8,864 9,146 9,212 5,787 33,009
’22 8,376 8,953 8,951 9,186 35,466
’21 8,454 8,808 8,473 8,657 34,392
’20 8,463 7,477 7,797 8,900 32,637
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (650) 1,276 — — —
’25 597 1,319 3,288 1,204 6,408
’24 448 1,371 1,997 2,281 6,097
’23 (784) 1,360 1,809 2,955 5,340
’22 36 789 2,083 2,366 5,274
’21 978 1,278 1,119 2,663 6,038
’20 939 1,480 1,007 2,782 6,208
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (873) 961 — — —
’25 407 1,093 2,799 1,154 5,453
’24 215 1,112 1,718 2,181 5,226
’23 (966) 1,129 1,568 2,911 4,642
’22 (137) 632 1,899 2,143 4,537
’21 771 1,093 915 2,391 5,170
’20 807 1,253 768 2,531 5,359
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 39,302 40,534 41,802 36,709 32,637 34,392 35,466 33,009 34,717 37,442 38,057 (0.5%) 20,155 20,507 21,638 (16.7%)
Gross margin, % 29.58 30.57 30.52 33.70 32.07 35.85 36.99 37.48 38.47 36.93 36.51 +7.4 pt
EBT 6,452 6,950 7,487 7,559 6,012 7,235 6,379 6,191 6,244 5,476 10,599 (1.8%)
EBT margin, % 16.42 17.15 17.91 20.59 18.42 21.04 17.99 18.76 17.99 14.63 27.85 (1.8) pt
Net income 4,812 1,545 6,765 6,143 4,779 5,542 4,966 5,672 5,740 4,772 8,174 (0.1%)
Per share, $
Per share, $ Revenue 102.84 106.37 112.52 101.83 92.71 99.36 104.76 99.57 106.67 117.19 120.02 +1.5%
Earnings 12.58 4.34 18.20 17.04 13.58 16.02 14.66 17.06 17.52 14.80 25.88 +1.8%
Cash flow 14.39 15.66 17.32 19.13 17.63 17.44 15.58 16.11 18.73 20.06 16.14 +3.8%
Capex (2.81) (2.48) (2.19) (2.21) (2.41) (2.51) (2.18) (2.11) (2.68) (2.99) (3.40) +0.7%
Free cash flow 11.58 13.18 15.13 16.92 15.22 14.94 13.40 14.00 16.06 17.07 12.74 +4.4%
Book value 51.15 43.73 49.42 51.89 50.53 55.59 51.16 49.57 58.85 47.04 59.47 (0.9%)
Shares, m 382 381 372 361 352 346 339 332 325 320 318 (2.0%)
Valuation, ×
Valuation, × P/E 17.65 67.33 13.75 19.69 29.69 24.71 27.68 23.20 24.44 26.40 8.44 27.5
P/S 2.13 2.72 2.23 3.30 4.35 3.98 3.88 3.98 4.01 3.33 1.82 3.4
P/B 4.28 6.62 5.07 6.47 7.98 7.11 7.94 7.99 7.28 8.29 3.67 6.9
EV/Sales 2.21 2.80 2.27 3.35 4.46 4.11 4.07 4.29 4.49 3.75 2.41 3.6
EV/FCF 19.59 22.59 16.86 20.17 27.16 27.34 31.80 30.51 29.82 25.75 22.65 25.2
Cash, $m
Cash, $m Operating cash flow 5,498 5,966 6,434 6,897 6,208 6,038 5,274 5,340 6,097 6,408 5,118 +1.7%
Capex (1,074) (945) (813) (796) (849) (868) (737) (698) (871) (955) (1,077) (1.3%)
Free cash flow 4,424 5,021 5,621 6,101 5,359 5,170 4,537 4,642 5,226 5,453 4,041 +2.4%
Balance, $m
Balance, $m Working capital 6,727 7,141 5,438 6,205 8,978 5,864 5,044 4,963 6,652 6,973 4,885 +0.4%
Net debt 3,046 3,107 1,718 2,070 3,567 4,534 6,743 10,263 16,473 15,757 22,314 +20.0%
Shareholders’ equity 19,547 16,665 18,358 18,706 17,790 19,242 17,319 16,434 19,154 15,030 18,857 (2.9%)
Returns, %
Returns, % ROA 9.30 2.72 11.54 10.55 7.75 8.59 7.84 9.14 8.35 6.35 10.55 (2.9) pt
ROIC 16.74 19.92 20.87 20.61 16.67 16.30 16.69 14.30 11.70 11.86 8.78 (4.9) pt
ROE 25.35 8.53 38.63 33.15 26.19 29.93 27.17 33.53 32.06 27.67 46.27 +2.3 pt
People
People Employees 131,000 131,000 114,000 113,000 103,000 99,000 97,000 95,000 102,000 101,000 — (2.8%)
Revenue/emp, $m 0.30 0.31 0.37 0.32 0.32 0.35 0.37 0.35 0.34 0.37 — +2.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Aerospace Technologies 17,510 46.77%
Industrial Automation 9,401 25.11%
Building Automation 7,367 19.68%
Energy and Sustainability Solutions 3,134 8.37%
Gross margin 36.93%
Operating margin 15.61%
Pre-tax margin 14.63%

Revenue by segment since 2008

Honeywell International Inc. vs peers in Conglomerates (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MMM 3M Company $90.1B 30.8× 22.7× +2.46% (above 0%: growing) +32.59% (above 0%: growing) +166.87% (above 0%: growing) 41.28% 15.14% Compare
HON Honeywell International Inc. $69.3B 8.4× 9.8× +4.26% (above 0%: growing) +264.23% (above 0%: growing) −12.08% (below 0%: shrinking) 37.59% 18.37%
VMI Valmont Industries, Inc. $8.1B 16.3× 18.2× +6.49% (above 0%: growing) n/m −16.58% (below 0%: shrinking) 30.47% 14.85% Compare
BBUC Brookfield Business Partners L.P. $5.9B — (loss-making) — (loss-making) −2.96% (below 0%: shrinking) +50.00% (above 0%: growing) −2,167.65% (below 0%: shrinking) 19.59% 15.15% Compare
GHC Graham Holdings Company $5.0B 9.3× 15.5× +7.13% (above 0%: growing) +677.34% (above 0%: growing) −58.54% (below 0%: shrinking) 30.10% 6.42% Compare
PAM Pampa Energia S.A. $3.9B 6.9× 7.2× +53.50% (above 0%: growing) +358.57% (above 0%: growing) +82.43% (above 0%: growing) 35.39% 25.20% Compare
OTTR Otter Tail Corporation $3.8B 19.4× 21.9× +0.40% (above 0%: growing) n/m −145.61% (below 0%: shrinking) 57.45% (7.24%) Compare
SEB Seaboard Corporation $3.7B 5.9× — (loss-making) +17.82% (above 0%: growing) +51.82% (above 0%: growing) −11.29% (below 0%: shrinking) 7.56% 3.42% Compare
DLX Deluxe Corporation $1.0B 10.3× 9.3× −4.22% (below 0%: shrinking) −18.00% (below 0%: shrinking) +110.79% (above 0%: growing) 51.99% 11.16% Compare
Median of peers $4.4B 10.3× 16.9× +4.48% +50.91% −13.93% 32.93% 13.01%

All 29 Conglomerates stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
JPMorgan Oct 18, 2026 Target cut Outperform 255.00 → 240.00
Citi Oct 18, 2026 Target cut Buy 279.00 → 270.00
RBC Oct 18, 2026 Target cut Outperform 293.00 → 270.00

Honeywell International Inc. (HON) Latest News

29 Oct

Impact 4 · · Trefis
Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire
Impact 4 · · MarketBeat
Impact 3 · · Trefis
Impact 3 · · The Motley Fool

28 Oct

Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 4 · · Trefis
Impact 4 · · Zacks

26 Oct

Impact 4 · · Benzinga
Impact 4 · · InvestorsHub
Impact 4 · · Business Wire
Impact 3 · · Trefis
Impact 3 · · Simply Wall St.

24 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool
Impact 3 · · Benzinga

23 Oct

Impact 4 · · MT Newswires
Impact 4 · · facilitiesdive.com
Impact 4 · · Zacks
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Trefis

22 Oct

Impact 4 · · The Motley Fool transcript
Impact 3 · · PR Newswire

HON metrics, ten years each

stockrow.com/HON · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com