Honeywell Technologies
HON Nasdaq· Industrial Conglomerates
Last close · Oct 27, 2026
$218.81
KIRA · Stoqly’s AI analyst, in plain words
- Honeywell Technologies had $37.4B of revenue in fiscal 2025, up 7.9% on the year before. Over five years, revenue changed +2.8% a year on average.
- Its operating margin was 21.7%, down 0.4 pts: of every 100 in sales, about 22 is left after running the business.
- Honeywell Technologies made $4.7B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 1.9% a year.
- Free cash flow was $5.4B in fiscal 2025, 14.5% of revenue.
- Honeywell Technologies returned $6.8B to shareholders in fiscal 2025, 125% of free cash flow. The diluted share count fell 1.9%.
- Honeywell Technologies owes $22.1B more than it holds in cash, about 2.3 years of operating profit.
Market cap
$69.8B
P/E
—
Revenue
$37.4B
Net income
$4.7B
Free cash flow
$5.4B
Operating margin
21.7%
Honeywell Technologies in 30 seconds · fiscal 2025
Are sales growing?
+7.9%
Yes. Sales grew 7.9% last year.
Does it make a profit?
12.6%
Yes. It keeps 12.6% of every sale as profit.
Does profit turn into cash?
14.5%
Yes. 14.5% of sales ends up as free cash.
Is debt under control?
2.3x
Keep an eye on it. Repaying its debt would take 2.3 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Honeywell Technologies does
Honeywell makes equipment, software and services for aircraft, factories, buildings and energy plants. It sells them around the world to aircraft makers, airlines, the U.S. government, plant operators, building owners, and refining and chemical companies. Its products range from aircraft engines, avionics (flight electronics) and wheels and brakes to factory control systems, sensors, fire and security systems, and licensed technology and catalysts for refineries. In 2025 Honeywell's sales grew 8% to $37.4 billion. It reported four segments. Aerospace Technologies had revenue of $17,510 million, Industrial Automation $9,401 million, Building Automation $7,367 million, and Energy and Sustainability Solutions $3,134 million. The competitors it names include RTX, Safran and Thales in aerospace; Johnson Controls, Schneider Electric and Siemens in buildings; and Emerson Electric and Rockwell Automation in industrial automation.
Biggest risks, in its own words
- Downturns in the industries it sells to, such as aerospace, building construction, and refining and chemical plants.
- Its planned separation from Honeywell Aerospace may not be completed as planned or bring the benefits it expects.
- Relying on single or sole suppliers for many parts, especially in aerospace, and swings in raw material prices.
- Its large business outside the U.S., which exposes it to tariffs, trade limits, currency swings and political change.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Legal name
- Honeywell International Inc
- CIK
- 0000773840
Honeywell Technologies · HON
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $34.4B | $35.5B | $33.0B | $34.7B | $37.4B |
| Revenue growth | 5.4% | 3.1% | −6.9% | 5.2% | 7.9% |
| Gross margin | 35.9% | 37.0% | 37.5% | 38.5% | 36.9% |
| Operating margin | — | 22.6% | 22.9% | 22.1% | 21.7% |
| Net income | $5.5B | $5.0B | $5.7B | $5.7B | $4.7B |
| Net margin | 16.1% | 14.0% | 17.1% | 16.4% | 12.6% |
| Diluted EPS | $7.91 | $7.27 | $8.47 | $8.71 | $7.36 |
| Cash | |||||
| Cash from operations | $6.0B | $5.3B | $5.3B | $6.1B | $6.4B |
| Capital expenditure | $895M | $766M | $741M | $871M | $986M |
| Free cash flow | $5.1B | $4.5B | $4.6B | $5.2B | $5.4B |
| FCF margin | 15.0% | 12.7% | 13.9% | 15.1% | 14.5% |
| Dividends paid | $2.6B | $2.7B | $2.9B | $2.9B | $3.0B |
| Share buybacks | $3.4B | $4.2B | $3.7B | $1.7B | $3.8B |
| Share count change | −1.5% | −2.5% | −2.2% | −1.9% | −1.9% |
| Debt and strength | |||||
| Cash and short-term investments | $11.5B | $10.1B | $8.1B | $10.3B | $12.9B |
| Debt incl. finance leases | $19.8B | $19.8B | $20.6B | $31.6B | $35.0B |
| Shareholders' equity | $18.6B | $16.7B | $15.9B | $18.6B | $13.9B |
| Net debt / EBITDA | 0.9x | 1.1x | 1.5x | 2.4x | 2.3x |
| Current ratio | 1.3x | 1.3x | 1.3x | 1.3x | 1.3x |
| Interest coverage | 22.1x | 19.4x | 10.1x | 7.3x | 6.1x |
| Returns and quality | |||||
| Return on capital | 22.3% | 22.9% | 21.5% | 17.7% | 17.1% |
| Return on equity | 30.7% | 28.2% | 34.8% | 33.1% | 29.1% |
| Piotroski F-score | 7 | 6 | 6 | 8 | 4 |
| Altman Z'' | 4.0 | 4.2 | 4.3 | 3.8 | 3.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$10.7M
5 insiders
Of sales under plans
3%
$0.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Honeywell Technologies · HON
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Honeywell Technologies HON | $69.8B | 7.9% | 21.7% | 14.5% | 17.1% | — | 4 |
| 3M MMM | $89.7B | 1.5% | 18.6% | 5.6% | 34.2% | 25.6x | 5 |
| DuPont DD | $18.8B | 1.9% | — | 3.3% | 1.1% | — | 6 |
| Carlisle Companies CSL | $14.1B | 0.3% | 20.0% | 19.3% | 21.9% | 20.0x | 6 |
| GE Vernova GEV | $241.7B | 9.0% | 3.7% | 9.8% | — | 25.7x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $218.81 a share, the company is worth $69.8B.
Honeywell Technologies grew sales faster than 3 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000773840). Data updated October 22, 2026. For information only — not investment advice. Check the original filings before relying on any figure.