Honeywell International Inc

Industrials
Aerospace
www.honeywell.com

Earnings Score
Moat Score
Safety Score

Market Cap $135.12B
PE 24
Debt $32.83B
Cash $9.66B
EV $158.29B
FCF $5.06B

Earnings

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Sales & Net Margins

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Earnings	$5.69B
EBIT	$8.94B
ROE	32%
ROA	12%
FCF	$5.06B
Equity	$18.02B
Growth Stability	90%
PE	23.74
PEG	8.49
PB	7.5
P/FCF	26.68
P/S	3.45
Price/Cash	0.07
Debt/Equity	1.82
Debt/FCF	6.48
Net Margins	15%
Gross Margins	38%
Op. Margins	23%
Earnings CAGR	5%
Sales Growth YoY	8%
Sales Growth QoQ	-3%
Sales CAGR	-1%
FCF CAGR	-1%
Equity CAGR	-1%
Earnings Stability	0.13
Earnings Growth YoY	-1%
Earnings Growth QoQ	13%
Earnings CAGR 5Y	3%

Sales CAGR 5Y	3%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	-1%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	12%
Equity CAGR 3Y	0%
Market Cap	$135.12B
Revenue	$39.22B
Dividend Yield	2%
Payout Ratio	52%
Assets	$75.22B
Total Debt	$32.83B
Cash	$9.66B
Shares Outstanding	642.68M
EV	158.29B
Earnings Score	8%
Moat Score	95%
Safety Score	77%
Final Score	60%
Working Capital	5.57B
Current Ratio	1.25
Gross Profit	$14.93B
Shares Growth 3y	-2%
Equity Growth QoQ	-6%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. The firm operates through four business segments, including aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spins of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

SEC Filings

Direct access to Honeywell International Inc (HON) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Honeywell International Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Honeywell International Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 13%

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Honeywell International Inc Discounted Cash Flow

Fully customizable DCF calculator online for Honeywell International Inc.

Years

Calculation mode

= $48B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$5.1B	$5B	$5B	$4.9B	$4.9B	$4.8B	$4.8B	$4.8B	$4.7B	$4.7B	$4.6B	$46B
DCF		$4.6B	$4.1B	$3.7B	$3.3B	$3B	$2.7B	$2.4B	$2.2B	$2B	$1.8B	$18B
Value	$48B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	12%	12%	4%	16%	17%	15%	16%	14%	15%	15%	15%
ROA	-	12%	12%	13%	13%	9%	11%	13%	14%	12%	12%
ROE	-	25%	9%	37%	33%	27%	29%	29%	34%	30%	32%

Good Net Margins (14.75%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	3.58	3.62	2.89	2.64	4.22	3.81	4.34	4.75	6.39	6.48
Debt over Equity	0.66	0.81	1.03	0.88	0.86	1.26	1.02	1.13	1.24	1.65	1.82
Growth Stability	-	-	-	100%	100%	98%	94%	90%	100%	100%	90%

Bad Debt/FCF ratio (6.48)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (1.82)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (90%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	2%	3%	3%	-12%	-11%	5%	3%	3%	5%	3%
Earnings YoY growth	-	1%	-66%	309%	-9%	-22%	16%	-10%	14%	1%	3%
Equity YoY growth	-	6%	-11%	5%	2%	-5%	8%	-10%	-5%	17%	-1%
FCF YoY growth	-	-1%	12%	14%	8%	-12%	-3%	-12%	-5%	15%	-1%