HONNasdaqAircraft Engines & Engine PartsFiscal year ends December 31
HONEYWELL INTERNATIONAL INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q/A on Jul 24, 2026
$209.98−1.43 (-0.68%)
Close on Oct 19, 2026
- Market cap
- $66.90B
- P/E (TTM)
- 8.1
- Dividend yield
- 4.36%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.9%+4.9 pts over 5 years
Operating margin
21.7%
Net margin
12.6%−2.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.8% | +1.8% | +2.8% | -0.3% | |
| Gross profit | +3.5% | +1.8% | +5.7% | +1.6% | |
| Operating income | +6.0% | +0.4% | – | – | |
| Net income | -17.1% | -1.6% | -0.2% | -0.1% | |
| EPS, diluted | -15.5% | +0.4% | +1.8% | +2.0% | |
| Free cash flow | +3.8% | +6.3% | +0.4% | +2.0% | |
| Dividend per share | +4.8% | +4.9% | +4.8% | +7.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 25.6% | 26.5% | 29.1% | |
| Return on assets | 9.3% | 7.8% | 6.4% | |
| Current ratio | 1.41 | 1.47 | 1.30 | |
| Debt to equity | 0.81 | 1.28 | 2.49 | |
| Net debt to EBITDA | – | – | 2.32× | |
| Inventory turnover | 6.2× | 5.0× | 3.9× | |
| Capex to revenue | 2.8% | 2.8% | 2.6% | |
| Diluted shares | 388M | 356M | 321M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Honeywell International generated $29.16B from operations and spent $35.09B on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$29.16B
Used
$35.09B
Capital expenditure$4.26B12%Dividends$14.08B40%Share buybacks$16.75B48%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.6%
×Asset turnover0.50×
×Equity multiplier4.58×
=Return on equity, FY202529.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.6% | 0.50× | 4.58× | 29.1% |
| FY2024 | 16.4% | 0.51× | 3.97× | 33.1% |
| FY2023 | 17.1% | 0.53× | 3.80× | 34.8% |
| FY2022 | 14.0% | 0.56× | 3.59× | 28.2% |
| FY2021 | 16.1% | 0.53× | 3.57× | 30.7% |
| FY2020 | 14.6% | 0.53× | 3.42× | 26.5% |
| FY2019 | 16.7% | 0.63× | 3.18× | 33.5% |
| FY2018 | 16.2% | 0.71× | 3.38× | 39.0% |
| FY2017 | 3.8% | 0.71× | 3.18× | 8.6% |
| FY2016 | 12.2% | 0.76× | 2.76× | 25.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$4.73B
- Cash generatingOperating cash flow above zero$6.41B
- Return on assets improvedROA up on the prior year9.3% → 6.3%
- Earnings backed by cashOperating cash flow above net income$6.41B vs $4.73B
- Less leverageLong-term debt to assets fell33.8% → 36.8%
- Better liquidityCurrent ratio rose1.31 → 1.30
- No dilutionShare count did not rise328M → 321M
- Gross margin improvedGross margin up on the prior year38.47% → 36.93%
- More efficientAsset turnover rose0.56 → 0.50