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Honeywell International Inc. engages in the aerospace technologies, industrial automation, building automation, and energy and sustainable solutions businesses in the United States, Europe, and internationally. The company's Aerospace Technologies segment offers auxiliary power units, propulsion engines, integrated avionics, connectivity services, electric power systems, management and technical services, 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; thermal systems; and spare parts; repair, overhaul, and maintenance services. Its Industrial Automation segment provides automation control and instrumentation products and services; smart energy products; sensing technologies with custom-engineered sensors and services; gas detection technologies and personal protective equipment; and system design automation equipment, as well as software and analytics for manufacturing, distribution, and fulfillment operations. Its Building Automation segment provides 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 upgrade of systems. The company's Energy and Sustainability Solutions segment, through its UOP business, delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services for refining, petrochemicals, low-carbon energy, gas and LNG, and industrial solutions; as well as connectivity, data integration and software solutions. Honeywell International Inc. was founded in 1885 and is headquartered in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $37.4B | $8.2B | $4.7B | $5.4B | 34.0% | 7.8% | -17.1% |
| 2024 | $34.7B | $8.4B | $5.7B | $5.2B | 30.6% | 5.2% | 0.8% |
| 2023 | $33.0B | $7.9B | $5.7B | $4.6B | 35.7% | -6.9% | 13.9% |
| 2022 | $35.5B | $8.0B | $5.0B | $4.5B | 29.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 35,466 | 33,009 | 34,717 | 37,442 |
| Operating Revenue | - | 35,466 | 33,009 | 34,717 | 37,442 |
| Cost Of Revenue | - | 22,347 | 20,637 | 21,360 | 23,613 |
| Gross Profit | - | 13,119 | 12,372 | 13,357 | 13,829 |
| Operating Expense | - | 6,692 | 6,262 | 6,689 | 7,262 |
| Research And Development | - | 1,478 | 1,375 | 1,454 | 1,812 |
| Selling General And Administration | - | 5,214 | 4,887 | 5,235 | 5,450 |
| Total Expenses | - | 29,039 | 26,899 | 28,049 | 30,875 |
| Operating Income | - | 6,427 | 6,110 | 6,668 | 6,567 |
| EBITDA | - | 7,997 | 7,944 | 8,444 | 8,208 |
| Normalized EBITDA | - | 8,455 | 7,953 | 8,770 | 9,643 |
| EBIT | - | 6,793 | 6,940 | 7,292 | 6,820 |
| Interest Income | - | 138 | 321 | 430 | 369 |
| Interest Expense | - | 414 | 749 | 1,048 | 1,344 |
| Net Interest Income | - | -276 | -428 | -618 | -975 |
| Other Non Operating Income Expenses | - | 625 | 436 | 473 | 1,275 |
| Other Income Expense | - | 228 | 509 | 194 | -116 |
| Interest Income Non Operating | - | 138 | 321 | 430 | 369 |
| Interest Expense Non Operating | - | 414 | 749 | 1,048 | 1,344 |
| Net Non Operating Interest Income Expense | - | -276 | -428 | -618 | -975 |
| Pretax Income | - | 6,379 | 6,191 | 6,244 | 5,476 |
| Tax Provision | - | 1,412 | 1,262 | 1,249 | 1,008 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -101.22 | -1.84 | -65.20 | -264.04 |
| Net Income Continuous Operations | - | 4,967 | 4,929 | 4,995 | 4,468 |
| Net Income From Continuing And Discontinued Operation | - | 4,966 | 5,658 | 5,705 | 4,729 |
| Net Income From Continuing Operation Net Minority Interest | - | 4,966 | 4,915 | 4,960 | 4,425 |
| Net Income | - | 4,966 | 5,658 | 5,705 | 4,729 |
| Net Income Common Stockholders | - | 4,966 | 5,658 | 5,705 | 4,729 |
| Net Income Including Noncontrolling Interests | - | 4,967 | 5,672 | 5,740 | 4,772 |
| Normalized Income | - | 5,322.78 | 4,922.16 | 5,220.80 | 5,595.96 |
| Diluted NI Availto Com Stockholders | - | 4,966 | 5,658 | 5,705 | 4,729 |
| Basic Average Shares | - | 677.10 | 663 | 650.90 | 639 |
| Diluted Average Shares | - | 683.10 | 668.20 | 655.30 | 642.80 |
| Reconciled Depreciation | - | 1,204 | 1,004 | 1,152 | 1,388 |
| Reconciled Cost Of Revenue | - | 22,347 | 20,637 | 21,360 | 23,613 |
| Total Unusual Items | - | -458 | -9 | -326 | -1,435 |
| Total Unusual Items Excluding Goodwill | - | -458 | -9 | -326 | -1,435 |
| Minority Interests | - | -1 | -14 | -35 | -43 |
| Net Income Discontinuous Operations | - | - | 743 | 745 | 304 |
| Special Income Charges | - | -410 | -10 | -281 | -1,483 |
| Gain On Sale Of Business | - | 22 | 5 | -1 | -446 |
| Other Special Charges | 160 | 90 | -3 | 17 | - |
| Impairment Of Capital Assets | - | 0 | 0 | 219 | 994 |
| Restructuring And Mergern Acquisition | - | 342 | 18 | 44 | 43 |
| Gain On Sale Of Security | - | -48 | 1 | -45 | 48 |
| General And Administrative Expense | 4,798 | 5,214 | 5,127 | - | - |
| Other Gand A | 4,798 | 5,214 | 5,127 | - | - |
| Salaries And Wages | -1,273 | -643 | -470 | - | - |
| Earnings From Equity Interest | - | 61 | 82 | 47 | 44 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Honeywell International Inc.this co. | HON | $137.9B | 29.16↓ discount | 9.92 | 34.0% | 19.61 |
| The Boeing Company | BA | $171.4B | 90.73 | 31.43 | 34.6% | 26.69 |
| Eaton Corporation plc | ETN | $162.5B | 39.77 | 8.37 | 21.0% | 27.91 |
| Deere & Company | DE | $159.7B | 31.78 | 6.16 | 19.4% | 18.51 |
| Union Pacific Corporation | UNP | $156.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 21.95 |
| 8.48 |
| 38.7% |
| 14.55 |
| Vertiv Holdings Co | VRT | $124.4B | 93.35 | 31.57 | 33.8% | 58.93 |
| Lockheed Martin Corporation | LMT | $119.7B | 23.85 | 17.81 | 74.6% | 15.73 |
| Parker-Hannifin Corporation | PH | $110.0B | 31.15 | 8.04 | 25.8% | 21.91 |
| Quanta Services, Inc. | PWR | $107.9B | 104.94 | 12.07 | 11.5% | 44.47 |
| Peer Median | - | 35.77 | 10.28 | 29.8% | 24.30 | |