Honeywell International (HON) Financials

$200.40 +0.15 (+0.07%)

As of 12:52 PM Eastern

Annual Income Statements for Honeywell International

This table shows Honeywell International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	4,768	4,812	1,545	6,765	6,143	4,779	5,542	4,966	5,658	5,705
Consolidated Net Income / (Loss)	4,847	4,849	1,588	6,828	6,230	4,865	5,610	4,967	5,672	5,740
Net Income / (Loss) Continuing Operations	4,847	4,849	1,588	6,828	6,230	4,865	5,610	4,967	5,672	5,740
Total Pre-Tax Income	6,586	6,452	6,950	7,487	7,559	6,012	7,235	6,379	7,159	7,213
Total Operating Income	6,828	6,051	6,303	6,705	6,851	5,696	6,200	6,427	7,084	7,441
Total Gross Profit	11,834	11,625	12,390	12,756	12,370	10,468	12,331	13,119	13,667	14,662
Total Revenue	38,581	39,302	40,534	41,802	36,709	32,637	34,392	35,466	36,662	38,498
Operating Revenue	38,581	39,302	40,534	41,802	36,709	32,637	34,392	35,466	36,662	38,498
Total Cost of Revenue	26,747	27,677	28,144	29,046	24,339	22,169	22,061	22,347	22,995	23,836
Operating Cost of Revenue	26,747	27,677	28,144	29,046	24,339	22,169	-	-	-	23,836
Total Operating Expenses	5,006	5,574	6,087	6,051	5,519	4,772	6,131	6,692	6,583	7,221
Selling, General & Admin Expense	5,006	5,574	6,087	6,051	5,519	4,772	4,798	5,214	5,127	5,466
Research & Development Expense	-	-	-	-	-	-	1,333	1,478	1,456	1,536
Impairment Charge	-	-	-	-	-	-	-	-	-	219
Total Other Income / (Expense), net	-242	401	647	782	708	316	1,035	-48	75	-228
Interest Expense	310	338	316	367	357	359	343	414	765	1,058
Other Income / (Expense), net	68	739	963	1,149	1,065	675	1,378	366	840	830
Income Tax Expense	1,739	1,603	5,362	659	1,329	1,147	1,625	1,412	1,487	1,473
Net Income / (Loss) Attributable to Noncontrolling Interest	79	37	43	63	87	86	68	1.00	14	35
Basic Earnings per Share	$6.11	$6.30	$2.03	$9.10	$8.52	$6.79	$8.01	$7.33	$8.53	$8.76
Weighted Average Basic Shares Outstanding	779.80M	761.19M	752.00M	743M	712.60M	685.82M	685.82M	668.14M	652.18M	649.92M
Diluted Earnings per Share	$6.04	$6.21	$2.00	$8.98	$8.41	$6.72	$7.91	$7.27	$8.47	$8.71
Weighted Average Diluted Shares Outstanding	779.80M	761.19M	752.00M	743M	712.60M	685.82M	685.82M	668.14M	652.18M	649.92M
Weighted Average Basic & Diluted Shares Outstanding	779.80M	761.19M	752.00M	743M	712.60M	685.82M	685.82M	668.14M	652.18M	649.92M
Cash Dividends to Common per Share	$2.15	$2.45	$2.74	$3.06	$3.36	$3.63	$3.77	$3.97	$4.17	$4.37

This table shows Honeywell International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	1,552	1,019	1,394	1,487	1,514	1,263	1,463	1,544	1,413	1,285
Consolidated Net Income / (Loss)	1,549	1,021	1,408	1,501	1,515	1,248	1,475	1,560	1,415	1,290
Net Income / (Loss) Continuing Operations	1,549	1,021	1,408	1,501	1,515	1,248	1,475	1,560	1,415	1,290
Total Pre-Tax Income	1,981	1,189	1,782	1,904	1,967	1,506	1,871	1,974	1,824	1,544
Total Operating Income	1,742	1,813	1,692	1,883	1,926	1,583	1,860	1,978	1,858	1,745
Total Gross Profit	3,357	3,417	3,366	3,520	3,542	3,239	3,522	3,721	3,749	3,670
Total Revenue	8,951	9,186	8,864	9,146	9,212	9,440	9,105	9,577	9,728	10,088
Operating Revenue	8,951	9,186	8,864	9,146	9,212	9,440	9,105	9,577	9,728	10,088
Total Cost of Revenue	5,594	5,769	5,498	5,626	5,670	6,201	5,583	5,856	5,979	6,418
Total Operating Expenses	1,615	1,604	1,674	1,637	1,616	1,656	1,662	1,743	1,891	1,925
Selling, General & Admin Expense	1,228	1,249	1,317	1,262	1,252	1,296	1,302	1,361	1,398	1,405
Research & Development Expense	387	355	357	375	364	360	360	382	368	426
Total Other Income / (Expense), net	239	-624	90	21	41	-77	11	-4.00	-34	-201
Interest Expense	98	144	170	187	206	202	220	250	297	291
Other Income / (Expense), net	337	-480	260	208	247	125	231	246	263	90
Income Tax Expense	432	168	374	403	452	258	396	414	409	254
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.00	2.00	14	14	1.00	-15	12	16	2.00	5.00
Basic Earnings per Share	$2.30	$1.51	$2.09	$2.24	$2.29	$1.91	$2.24	$2.37	$2.17	$1.98
Weighted Average Basic Shares Outstanding	672.32M	668.14M	665.68M	663.96M	659.25M	652.18M	651.19M	649.67M	650.25M	649.92M
Diluted Earnings per Share	$2.28	$1.51	$2.07	$2.22	$2.27	$1.91	$2.23	$2.36	$2.16	$1.96
Weighted Average Diluted Shares Outstanding	672.32M	668.14M	665.68M	663.96M	659.25M	652.18M	651.19M	649.67M	650.25M	649.92M
Weighted Average Basic & Diluted Shares Outstanding	672.32M	668.14M	665.68M	663.96M	659.25M	652.18M	651.19M	649.67M	650.25M	649.92M
Cash Dividends to Common per Share	$0.98	$1.03	$1.03	$1.03	$1.03	$1.08	$1.08	$1.08	$1.08	$1.13

This table details how cash moves in and out of Honeywell International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-1,504	2,388	-1,124	2,429	-220	5,208	-3,316	-1,332	3,956	2,642
Net Cash From Operating Activities	5,519	5,498	5,966	6,434	6,897	6,208	6,038	5,274	5,340	6,097
Net Cash From Continuing Operating Activities	5,519	5,498	5,966	6,434	6,897	6,208	6,038	5,274	11,012	6,097
Net Income / (Loss) Continuing Operations	4,768	4,812	1,545	6,765	6,143	4,779	5,542	4,966	11,330	5,705
Consolidated Net Income / (Loss)	4,768	4,812	1,545	6,765	6,143	4,779	5,542	4,966	11,330	5,705
Depreciation Expense	672	726	717	721	673	644	674	657	659	671
Amortization Expense	211	304	398	395	415	358	549	547	517	663
Non-Cash Adjustments To Reconcile Net Income	-284	-238	1,417	-1,147	-557	-1,270	-1,015	29	-2,008	-946
Changes in Operating Assets and Liabilities, net	152	-106	1,889	-300	223	1,697	288	-925	514	4.00
Net Cash From Investing Activities	-6,514	-3,342	-3,574	1,027	-533	-987	-1,061	-93	-1,293	-10,157
Net Cash From Continuing Investing Activities	-6,514	-3,342	-3,574	1,027	-533	-987	-1,061	-93	-1,293	-10,157
Purchase of Property, Plant & Equipment	-1,073	-1,095	-1,031	-828	-839	-906	-895	-766	-1,039	-1,164
Acquisitions	-5,228	-2,573	-82	-535	-50	-261	-1,326	-178	-718	-8,880
Purchase of Investments	-6,714	-3,954	-6,743	-4,059	-4,151	-3,385	-2,181	-842	-560	-983
Sale of Property, Plant & Equipment	15	21	86	15	43	57	27	29	43	0.00
Divestitures	1.00	296	-	-	0.00	0.00	203	0.00	4.00	0.00
Sale and/or Maturity of Investments	6,587	3,681	4,414	6,434	4,464	3,508	2,525	1,255	977	870
Other Investing Activities, net	-102	282	-218	-	0.00	0.00	586	409	0.00	0.00
Net Cash From Financing Activities	37	346	-3,516	-5,032	-6,600	-81	-8,254	-6,330	-5,763	6,839
Net Cash From Continuing Financing Activities	37	308	-3,516	-5,032	-6,600	-81	-8,254	-6,330	-5,763	6,839
Repayment of Debt	-9,672	-24,342	-13,967	-25,567	-17,181	-14,767	-10,188	-10,345	-15,366	-13,387
Repurchase of Common Equity	-1,884	-2,317	-2,889	-4,000	-4,400	-3,714	-3,380	-4,200	-3,715	-1,655
Payment of Dividends	-1,726	-1,915	-2,119	-2,272	-2,442	-2,592	-2,626	-2,719	-2,855	-2,902
Issuance of Debt	13,052	28,242	14,939	23,918	16,925	20,599	7,711	10,614	15,977	24,246
Issuance of Common Equity	186	409	520	267	498	393	229	320	196	537
Other Net Changes in Cash	-	-	-	-	16	68	-39	-183	-	-137

This table details how cash moves in and out of Honeywell International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-799	2,178	-1,378	377	-856	5,813	3,831	-2,180	1,068	-77
Net Cash From Operating Activities	2,083	2,366	-784	1,360	1,809	2,955	448	1,371	1,997	2,281
Net Cash From Continuing Operating Activities	2,083	2,366	624	1,277	1,809	7,302	448	1,371	1,997	2,281
Net Income / (Loss) Continuing Operations	1,552	1,019	2,802	79	1,514	6,935	1,463	1,544	1,413	1,285
Consolidated Net Income / (Loss)	1,552	1,019	2,802	79	1,514	6,935	1,463	1,544	1,413	1,285
Depreciation Expense	166	163	161	166	166	166	166	163	171	171
Amortization Expense	134	136	122	118	142	135	125	146	186	206
Non-Cash Adjustments To Reconcile Net Income	-103	70	-1,667	1,081	-79	-1,343	-300	-559	-158	71
Changes in Operating Assets and Liabilities, net	334	978	-794	-167	66	1,409	-1,006	77	385	548
Net Cash From Investing Activities	126	-633	-29	-680	-45	-539	-273	-5,132	-2,797	-1,955
Net Cash From Continuing Investing Activities	126	-633	-29	-680	-45	-539	-273	-5,132	-2,797	-1,955
Purchase of Property, Plant & Equipment	-184	-241	-193	-233	-249	-364	-233	-259	-279	-393
Acquisitions	-	-	-	-	-55	-2.00	-	-	-2,134	-1,833
Purchase of Investments	72	-781	-226	-41	75	-368	-195	-197	-556	-35
Sale and/or Maturity of Investments	238	371	379	253	176	169	155	237	172	306
Net Cash From Financing Activities	-2,777	279	-1,973	1,110	-2,564	-2,336	3,696	1,602	1,760	-219
Net Cash From Continuing Financing Activities	-2,777	279	-1,973	1,110	-2,564	-2,336	3,696	1,602	1,760	-219
Repayment of Debt	-4,151	-3,158	-4,691	-4,661	-3,607	-2,407	-3,007	-2,061	-4,785	-3,534
Repurchase of Common Equity	-390	-1,373	-699	-477	-1,011	-1,528	-671	-529	-	-455
Payment of Dividends	-669	-691	-725	-691	-728	-711	-703	-743	-715	-741
Issuance of Debt	2,387	5,302	4,105	6,861	2,746	2,265	7,933	4,770	7,220	4,323
Issuance of Common Equity	46	199	37	78	36	45	144	165	40	188
Other Net Changes in Cash	-231	166	-	-	-56	-	-40	-21	108	-184

This table presents Honeywell International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	49,316	54,146	59,470	57,773	58,679	64,586	64,470	62,275	61,525	75,196
Total Current Assets	20,053	23,058	26,002	24,362	24,303	28,175	25,372	24,982	23,502	27,908
Cash & Equivalents	5,455	7,843	7,059	9,287	9,067	14,275	10,959	9,627	7,925	10,567
Short-Term Investments	2,103	1,520	3,758	1,623	1,349	945	564	483	170	386
Accounts Receivable	8,075	8,177	8,866	7,508	7,493	6,827	6,830	7,440	7,530	7,819
Inventories, net	4,420	4,366	4,613	4,326	4,421	4,489	5,138	5,538	6,178	6,442
Other Current Assets	-	1,152	1,706	1,618	1,973	1,639	1,881	1,894	1,699	2,694
Plant, Property, & Equipment, net	5,789	5,793	5,926	5,296	5,325	5,570	5,562	0.00	0.00	0.00
Total Noncurrent Assets	23,474	24,878	27,063	28,115	29,051	30,841	33,536	37,293	38,023	47,288
Long-Term Investments	517	587	667	742	588	685	1,222	945	939	1,394
Noncurrent Note & Lease Receivables	426	-	-	437	392	366	322	224	170	171
Goodwill	15,895	17,707	18,277	15,546	15,563	16,058	17,756	17,497	18,049	21,825
Intangible Assets	4,577	4,634	4,496	4,139	3,734	3,560	3,613	3,222	3,231	6,656
Noncurrent Deferred & Refundable Income Taxes	283	347	251	382	86	760	489	421	392	238
Other Noncurrent Operating Assets	1,776	1,603	3,372	6,869	8,688	9,412	10,134	14,984	15,242	17,004
Total Liabilities & Shareholders' Equity	49,316	54,146	59,470	57,773	58,679	64,586	64,470	62,275	61,525	75,196
Total Liabilities	30,608	34,179	42,321	39,408	39,966	46,789	45,221	44,949	45,084	56,035
Total Current Liabilities	18,371	16,331	18,861	18,924	18,098	19,197	19,508	19,938	18,539	21,256
Short-Term Debt	6,514	3,593	5,309	6,458	4,892	6,042	5,345	4,447	3,881	5,620
Accounts Payable	5,580	5,690	6,584	5,607	5,730	5,750	6,484	6,329	6,849	6,880
Accrued Expenses	6,277	7,048	6,968	6,859	7,476	7,405	7,679	9,162	7,809	8,348
Other Current Nonoperating Liabilities	0.00	0.00	0.00	-	-	-	-	-	0.00	408
Total Noncurrent Liabilities	12,237	17,848	23,460	20,484	21,868	27,592	25,713	25,011	26,545	34,779
Long-Term Debt	5,554	12,182	12,573	9,756	11,110	16,342	14,254	15,123	16,562	25,479
Noncurrent Deferred & Payable Income Tax Liabilities	558	486	2,664	1,713	1,670	2,113	2,364	2,093	2,094	1,787
Noncurrent Employee Benefit Liabilities	526	473	512	344	326	242	208	146	134	112
Other Noncurrent Operating Liabilities	5,599	5,124	8,190	8,671	8,762	8,895	8,887	7,649	7,755	7,401
Redeemable Noncontrolling Interest	290	3.00	5.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00
Total Equity & Noncontrolling Interests	18,418	19,547	16,665	18,358	18,706	17,790	19,242	17,319	16,434	19,154
Total Preferred & Common Equity	18,283	19,369	16,502	18,180	18,494	17,549	18,569	16,697	15,856	18,619
Total Common Equity	18,283	19,369	16,502	18,180	18,494	17,549	18,569	16,697	15,856	18,619
Common Stock	6,335	6,739	7,170	7,410	7,834	8,250	9,099	9,522	10,020	10,653
Retained Earnings	26,147	28,710	27,481	33,978	37,693	39,905	42,827	45,093	47,979	50,835
Treasury Stock	-11,664	-13,366	-15,914	-19,771	-23,836	-27,229	-30,462	-34,443	-38,008	-39,378
Accumulated Other Comprehensive Income / (Loss)	-2,535	-2,714	-2,235	-3,437	-3,197	-3,377	-2,895	-3,475	-4,135	-3,491
Noncontrolling Interest	135	178	163	178	212	241	673	622	578	535

This table presents Honeywell International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	60,287	62,275	59,883	62,337	61,296	61,525	65,645	69,329	73,492	75,196
Total Current Assets	22,525	24,982	22,510	24,183	23,320	23,502	27,434	25,369	28,164	27,908
Cash & Equivalents	7,449	9,627	6,869	8,626	7,770	7,925	11,756	9,576	10,644	10,567
Short-Term Investments	516	483	371	143	164	170	249	231	275	386
Accounts Receivable	7,363	7,440	7,862	7,994	7,833	7,530	7,476	7,759	7,884	7,819
Inventories, net	5,501	5,538	5,776	5,890	6,000	6,178	6,318	6,324	6,338	6,442
Other Current Assets	1,696	1,894	1,632	1,530	1,553	1,699	1,635	1,479	3,023	2,694
Plant, Property, & Equipment, net	0.00	0.00	5,472	5,486	5,486	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	37,762	37,293	31,901	32,668	32,490	38,023	38,211	43,960	45,328	47,288
Long-Term Investments	807	945	905	911	895	939	975	1,472	1,463	1,394
Noncurrent Note & Lease Receivables	238	224	239	203	200	170	164	163	160	171
Goodwill	16,974	17,497	17,587	17,954	17,793	18,049	17,985	20,824	21,270	21,825
Intangible Assets	3,220	3,222	3,168	3,415	3,310	3,231	3,136	5,208	5,749	6,656
Noncurrent Deferred & Refundable Income Taxes	437	421	383	383	377	392	374	374	374	238
Other Noncurrent Operating Assets	16,086	14,984	9,619	9,802	9,915	15,242	15,577	15,919	16,312	17,004
Total Liabilities & Shareholders' Equity	60,287	62,275	59,883	62,337	61,296	61,525	65,645	69,329	73,492	75,196
Total Liabilities	41,950	44,949	42,361	44,436	43,514	45,084	48,593	51,812	55,511	56,035
Total Current Liabilities	18,109	19,938	17,896	17,174	17,227	18,539	16,488	21,044	19,534	21,256
Short-Term Debt	4,749	4,447	4,492	3,773	3,603	3,881	3,073	7,067	4,895	5,620
Accounts Payable	6,118	6,329	6,443	6,445	6,428	6,849	6,468	6,470	6,640	6,880
Accrued Expenses	7,242	9,162	6,961	6,956	7,196	7,809	6,947	7,507	7,566	8,348
Other Current Nonoperating Liabilities	-	-	-	-	-	0.00	-	-	433	408
Total Noncurrent Liabilities	23,841	25,011	24,465	27,262	26,287	26,545	32,105	30,768	35,977	34,779
Long-Term Debt	12,236	15,123	14,670	17,600	16,683	16,562	22,183	20,865	25,934	25,479
Noncurrent Deferred & Payable Income Tax Liabilities	2,406	2,093	2,303	2,262	2,225	2,094	2,063	2,137	2,077	1,787
Noncurrent Employee Benefit Liabilities	203	146	137	133	131	134	129	126	122	112
Other Noncurrent Operating Liabilities	8,996	7,649	7,355	7,267	7,248	7,755	7,730	7,640	7,844	7,401
Redeemable Noncontrolling Interest	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00
Total Equity & Noncontrolling Interests	18,330	17,319	17,515	17,894	17,775	16,434	17,045	17,510	17,974	19,154
Total Preferred & Common Equity	17,707	16,697	16,919	17,299	17,231	15,856	16,454	16,947	17,406	18,619
Total Common Equity	17,707	16,697	16,919	17,299	17,231	15,856	16,454	16,947	17,406	18,619
Common Stock	9,418	9,522	9,732	9,824	9,863	10,020	10,311	10,453	10,512	10,653
Retained Earnings	44,767	45,093	45,797	46,596	47,426	47,979	48,735	49,576	50,287	50,835
Treasury Stock	-33,182	-34,443	-35,072	-35,510	-36,507	-38,008	-38,544	-39,007	-38,989	-39,378
Accumulated Other Comprehensive Income / (Loss)	-3,296	-3,475	-3,538	-3,611	-3,551	-4,135	-4,048	-4,075	-4,404	-3,491
Noncontrolling Interest	623	622	596	595	544	578	591	563	568	535

This table displays calculated financial ratios and metrics derived from Honeywell International's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.28%	1.87%	3.13%	3.13%	-12.18%	-11.09%	5.38%	3.12%	3.37%	5.01%
EBITDA Growth	10.18%	0.53%	7.17%	7.03%	0.38%	-18.11%	19.37%	-9.14%	13.79%	5.55%
EBIT Growth	12.39%	-1.54%	7.01%	8.09%	0.79%	-19.52%	18.95%	-10.36%	16.65%	4.38%
NOPAT Growth	15.82%	-9.50%	-68.33%	324.59%	-7.66%	-18.37%	4.30%	4.10%	12.15%	5.50%
Net Income Growth	11.97%	0.04%	-67.25%	329.97%	-8.76%	-21.91%	15.31%	-11.46%	14.19%	1.20%
EPS Growth	13.32%	2.81%	-67.79%	349.00%	-6.35%	-20.10%	17.71%	-8.09%	16.51%	2.83%
Operating Cash Flow Growth	2.00%	-0.38%	8.51%	7.84%	7.20%	-9.99%	-2.74%	-12.65%	1.25%	14.18%
Free Cash Flow Firm Growth	-108.01%	435.24%	100.00%	66.95%	-22.27%	-16.83%	-26.30%	76.70%	-31.57%	-226.25%
Invested Capital Growth	32.62%	11.78%	-9.09%	-0.61%	3.42%	2.38%	7.53%	-1.00%	7.77%	37.60%
Revenue Q/Q Growth	-0.73%	0.01%	2.16%	-2.60%	-0.63%	-1.79%	-0.70%	1.51%	0.70%	1.71%
EBITDA Q/Q Growth	4.67%	-2.24%	3.13%	0.34%	0.72%	-0.93%	1.20%	-6.23%	4.32%	2.16%
EBIT Q/Q Growth	5.36%	-3.06%	3.24%	0.76%	0.62%	-0.84%	0.91%	-7.36%	4.97%	1.56%
NOPAT Q/Q Growth	7.11%	-10.92%	-66.78%	158.78%	-0.43%	-3.55%	-2.51%	5.77%	-3.57%	2.44%
Net Income Q/Q Growth	4.94%	-3.10%	-69.12%	164.45%	-2.35%	-4.16%	1.14%	-7.81%	4.17%	0.74%
EPS Q/Q Growth	5.59%	-2.66%	-69.70%	161.81%	-1.64%	-3.59%	1.67%	-6.79%	4.96%	0.58%
Operating Cash Flow Q/Q Growth	-3.45%	2.80%	2.23%	-8.70%	18.06%	2.78%	-1.93%	-5.33%	12.40%	-9.95%
Free Cash Flow Firm Q/Q Growth	-106.92%	163.13%	20.60%	18.10%	-19.08%	5.12%	-21.59%	26.22%	15.07%	-147.07%
Invested Capital Q/Q Growth	26.82%	-2.30%	-15.19%	-5.52%	-0.91%	-2.35%	0.43%	-2.67%	-4.75%	3.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.67%	29.58%	30.57%	30.52%	33.70%	32.07%	35.85%	36.99%	37.28%	38.09%
EBITDA Margin	20.16%	19.90%	20.68%	21.46%	24.53%	22.59%	25.59%	22.55%	24.82%	24.95%
Operating Margin	17.70%	15.40%	15.55%	16.04%	18.66%	17.45%	18.03%	18.12%	19.32%	19.33%
EBIT Margin	17.87%	17.28%	17.93%	18.79%	21.56%	19.52%	22.03%	19.15%	21.61%	21.48%
Profit (Net Income) Margin	12.56%	12.34%	3.92%	16.33%	16.97%	14.91%	16.31%	14.01%	15.47%	14.91%
Tax Burden Percent	73.60%	75.16%	22.85%	91.20%	82.42%	80.92%	77.54%	77.86%	79.23%	79.58%
Interest Burden Percent	95.50%	95.02%	95.65%	95.33%	95.49%	94.37%	95.47%	93.91%	90.35%	87.21%
Effective Tax Rate	26.40%	24.85%	77.15%	8.80%	17.58%	19.08%	22.46%	22.14%	20.77%	20.42%
Return on Invested Capital (ROIC)	25.24%	18.92%	5.95%	26.59%	24.21%	19.21%	19.09%	19.27%	20.91%	17.90%
ROIC Less NNEP Spread (ROIC-NNEP)	13.78%	25.06%	8.36%	39.60%	36.42%	23.67%	31.12%	18.78%	21.50%	16.71%
Return on Net Nonoperating Assets (RNNOA)	1.17%	6.43%	2.82%	12.39%	9.39%	7.44%	11.20%	7.89%	12.69%	14.35%
Return on Equity (ROE)	26.41%	25.35%	8.77%	38.98%	33.60%	26.65%	30.29%	27.16%	33.59%	32.25%
Cash Return on Invested Capital (CROIC)	-2.81%	7.79%	15.47%	27.20%	20.85%	16.86%	11.83%	20.28%	13.42%	-13.75%
Operating Return on Assets (OROA)	14.55%	13.13%	12.79%	13.40%	13.60%	10.34%	11.74%	10.72%	12.80%	12.10%
Return on Assets (ROA)	10.23%	9.37%	2.80%	11.65%	10.70%	7.89%	8.69%	7.84%	9.16%	8.40%
Return on Common Equity (ROCE)	25.85%	24.95%	8.68%	38.59%	33.24%	26.31%	29.53%	26.19%	32.39%	31.22%
Return on Equity Simple (ROE_SIMPLE)	26.51%	25.03%	9.62%	37.56%	33.69%	27.72%	30.21%	29.75%	35.77%	30.83%
Net Operating Profit after Tax (NOPAT)	5,025	4,548	1,440	6,115	5,646	4,609	4,807	5,004	5,613	5,921
NOPAT Margin	13.02%	11.57%	3.55%	14.63%	15.38%	14.12%	13.98%	14.11%	15.31%	15.38%
Net Nonoperating Expense Percent (NNEP)	11.46%	-6.14%	-2.42%	-13.01%	-12.21%	-4.46%	-12.04%	0.49%	-0.60%	1.19%
Return On Investment Capital (ROIC_SIMPLE)	16.48%	12.87%	4.17%	17.69%	16.27%	11.47%	12.38%	13.57%	15.22%	11.78%
Cost of Revenue to Revenue	69.33%	70.42%	69.43%	69.48%	66.30%	67.93%	64.15%	63.01%	62.72%	61.91%
SG&A Expenses to Revenue	12.98%	14.18%	15.02%	14.48%	15.03%	14.62%	13.95%	14.70%	13.98%	14.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.88%	4.17%	3.97%	3.99%
Operating Expenses to Revenue	12.98%	14.18%	15.02%	14.48%	15.03%	14.62%	17.83%	18.87%	17.96%	18.76%
Earnings before Interest and Taxes (EBIT)	6,896	6,790	7,266	7,854	7,916	6,371	7,578	6,793	7,924	8,271
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,779	7,820	8,381	8,970	9,004	7,373	8,801	7,997	9,100	9,605
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.42	3.67	5.81	4.71	6.10	7.77	7.18	8.22	8.49	7.85
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.62	1.81	2.37	2.05	3.07	4.18	3.88	3.87	3.67	3.80
Price to Earnings (P/E)	13.10	14.76	62.08	12.65	18.37	28.52	24.06	27.64	23.80	25.61
Dividend Yield	2.65%	2.63%	2.18%	2.64%	2.13%	1.87%	1.95%	2.45%	2.04%	1.94%
Earnings Yield	7.63%	6.78%	1.61%	7.91%	5.44%	3.51%	4.16%	3.62%	4.20%	3.90%
Enterprise Value to Invested Capital (EV/IC)	2.95	3.04	4.44	3.94	4.98	5.89	5.40	5.67	5.27	4.32
Enterprise Value to Revenue (EV/Rev)	1.73	1.96	2.53	2.16	3.22	4.38	4.10	4.13	4.00	4.30
Enterprise Value to EBITDA (EV/EBITDA)	8.60	9.85	12.23	10.07	13.12	19.40	16.01	18.31	16.11	17.22
Enterprise Value to EBIT (EV/EBIT)	9.70	11.34	14.10	11.50	14.92	22.45	18.59	21.56	18.51	20.00
Enterprise Value to NOPAT (EV/NOPAT)	13.31	16.94	71.15	14.77	20.91	31.03	29.30	29.26	26.13	27.93
Enterprise Value to Operating Cash Flow (EV/OCF)	12.12	14.01	17.18	14.03	17.12	23.04	23.33	27.76	27.46	27.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	41.11	27.35	14.43	24.29	35.37	47.27	27.80	40.69	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.81	1.07	0.88	0.86	1.26	1.02	1.13	1.24	1.62
Long-Term Debt to Equity	0.30	0.62	0.75	0.53	0.59	0.92	0.74	0.87	1.01	1.33
Financial Leverage	0.08	0.26	0.34	0.31	0.26	0.31	0.36	0.42	0.59	0.86
Leverage Ratio	2.58	2.70	3.14	3.35	3.14	3.38	3.48	3.47	3.67	3.84
Compound Leverage Factor	2.47	2.57	3.00	3.19	3.00	3.19	3.33	3.25	3.31	3.35
Debt to Total Capital	39.21%	44.66%	51.75%	46.89%	46.10%	55.71%	50.45%	53.04%	55.43%	61.88%
Short-Term Debt to Total Capital	21.17%	10.17%	15.37%	18.68%	14.09%	15.04%	13.76%	12.05%	10.52%	11.18%
Long-Term Debt to Total Capital	18.05%	34.49%	36.39%	28.21%	32.00%	40.67%	36.69%	40.99%	44.90%	50.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.38%	0.51%	0.49%	0.54%	0.63%	0.62%	1.75%	1.70%	1.59%	1.08%
Common Equity to Total Capital	59.41%	54.83%	47.76%	52.58%	53.27%	43.67%	47.80%	45.25%	42.99%	37.05%
Debt to EBITDA	1.55	2.02	2.13	1.81	1.78	3.04	2.23	2.45	2.25	3.24
Net Debt to EBITDA	0.51	0.74	0.76	0.51	0.56	0.88	0.78	1.06	1.25	1.95
Long-Term Debt to EBITDA	0.71	1.56	1.50	1.09	1.23	2.22	1.62	1.89	1.82	2.65
Debt to NOPAT	2.40	3.47	12.42	2.65	2.83	4.86	4.08	3.91	3.64	5.25
Net Debt to NOPAT	0.79	1.28	4.44	0.75	0.89	1.41	1.43	1.70	2.03	3.17
Long-Term Debt to NOPAT	1.11	2.68	8.73	1.60	1.97	3.55	2.97	3.02	2.95	4.30
Altman Z-Score	3.25	3.28	3.24	3.41	3.79	3.61	3.73	3.87	4.00	3.49
Noncontrolling Interest Sharing Ratio	2.10%	1.58%	0.96%	1.01%	1.09%	1.28%	2.51%	3.58%	3.60%	3.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.41	1.38	1.29	1.34	1.47	1.30	1.25	1.27	1.31
Quick Ratio	0.85	1.07	1.04	0.97	0.99	1.15	0.94	0.88	0.84	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-559	1,874	3,747	6,256	4,862	4,044	2,980	5,266	3,604	-4,550
Operating Cash Flow to CapEx	521.64%	511.92%	631.32%	791.39%	866.46%	731.21%	695.62%	715.60%	536.14%	523.80%
Free Cash Flow to Firm to Interest Expense	-1.80	5.54	11.86	17.05	13.62	11.27	8.69	12.72	4.71	-4.30
Operating Cash Flow to Interest Expense	17.80	16.27	18.88	17.53	19.32	17.29	17.60	12.74	6.98	5.76
Operating Cash Flow Less CapEx to Interest Expense	14.39	13.09	15.89	15.32	17.09	14.93	15.07	10.96	5.68	4.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.76	0.71	0.71	0.63	0.53	0.53	0.56	0.59	0.56
Accounts Receivable Turnover	4.81	4.84	4.76	5.11	4.89	4.56	5.04	4.97	4.90	5.02
Inventory Turnover	6.06	6.30	6.27	6.50	5.57	4.98	4.58	4.19	3.93	3.78
Fixed Asset Turnover	6.91	6.79	6.92	7.45	6.91	5.99	6.18	0.00	0.00	0.00
Accounts Payable Turnover	4.89	4.91	4.59	4.77	4.29	3.86	3.61	3.49	3.49	3.47
Days Sales Outstanding (DSO)	75.85	75.47	76.73	71.49	74.58	80.07	72.47	73.43	74.52	72.76
Days Inventory Outstanding (DIO)	60.21	57.93	58.22	56.17	65.59	73.35	79.64	87.19	92.98	96.62
Days Payable Outstanding (DPO)	74.68	74.31	79.59	76.60	85.01	94.51	101.21	104.64	104.59	105.12
Cash Conversion Cycle (CCC)	61.39	59.09	55.37	51.05	55.16	58.92	50.90	55.98	62.92	64.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	22,701	25,375	23,068	22,927	23,711	24,276	26,103	25,841	27,850	38,321
Invested Capital Turnover	1.94	1.64	1.67	1.82	1.57	1.36	1.37	1.37	1.37	1.16
Increase / (Decrease) in Invested Capital	5,584	2,674	-2,307	-141	784	565	1,827	-262	2,009	10,471
Enterprise Value (EV)	66,877	77,025	102,475	90,298	118,093	143,038	140,874	146,428	146,634	165,396
Market Capitalization	62,459	71,019	95,909	85,551	112,876	136,311	133,340	137,284	134,640	146,102
Book Value per Share	$23.72	$25.41	$21.66	$24.56	$25.88	$25.01	$26.97	$24.83	$24.05	$28.63
Tangible Book Value per Share	($2.84)	($3.90)	($8.23)	($2.03)	($1.12)	($2.95)	($4.07)	($5.98)	($8.23)	($15.17)
Total Capital	30,776	35,325	34,552	34,579	34,715	40,181	38,848	36,896	36,884	50,260
Total Debt	12,068	15,775	17,882	16,214	16,002	22,384	19,599	19,570	20,443	31,099
Total Long-Term Debt	5,554	12,182	12,573	9,756	11,110	16,342	14,254	15,123	16,562	25,479
Net Debt	3,993	5,825	6,398	4,562	4,998	6,479	6,854	8,515	11,409	18,752
Capital Expenditures (CapEx)	1,058	1,074	945	813	796	849	868	737	996	1,164
Debt-free, Cash-free Net Working Capital (DFCFNWC)	638	957	1,633	986	681	-200	-314	-619	749	1,319
Debt-free Net Working Capital (DFNWC)	8,196	10,320	12,450	11,896	11,097	15,020	11,209	9,491	8,844	12,272
Net Working Capital (NWC)	1,682	6,727	7,141	5,438	6,205	8,978	5,864	5,044	4,963	6,652
Net Nonoperating Expense (NNE)	178	-301	-148	-713	-584	-256	-803	37	-59	181
Net Nonoperating Obligations (NNO)	3,993	5,825	6,398	4,562	4,998	6,479	6,854	8,515	11,409	19,160
Total Depreciation and Amortization (D&A)	883	1,030	1,115	1,116	1,088	1,002	1,223	1,204	1,176	1,334
Debt-free, Cash-free Net Working Capital to Revenue	1.65%	2.44%	4.03%	2.36%	1.86%	-0.61%	-0.91%	-1.75%	2.04%	3.43%
Debt-free Net Working Capital to Revenue	21.24%	26.26%	30.72%	28.46%	30.23%	46.02%	32.59%	26.76%	24.12%	31.88%
Net Working Capital to Revenue	4.36%	17.12%	17.62%	13.01%	16.90%	27.51%	17.05%	14.22%	13.54%	17.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.11	$6.29	$2.17	$9.10	$8.52	$0.00	$8.01	$7.33	$8.53	$8.76
Adjusted Weighted Average Basic Shares Outstanding	769.32M	761.19M	752.00M	729.09M	712.60M	0.00	685.82M	668.14M	652.18M	649.92M
Adjusted Diluted Earnings per Share	$6.04	$6.20	$2.14	$8.98	$8.41	$0.00	$7.91	$7.27	$8.47	$8.71
Adjusted Weighted Average Diluted Shares Outstanding	769.32M	761.19M	752.00M	729.09M	712.60M	0.00	685.82M	668.14M	652.18M	649.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$8.52	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	769.32M	761.19M	752.00M	729.09M	712.60M	0.00	685.82M	668.14M	652.18M	649.92M
Normalized Net Operating Profit after Tax (NOPAT)	5,025	4,548	4,412	6,115	5,646	4,609	4,807	5,004	5,613	6,096
Normalized NOPAT Margin	13.02%	11.57%	10.88%	14.63%	15.38%	14.12%	13.98%	14.11%	15.31%	15.83%
Pre Tax Income Margin	17.07%	16.42%	17.15%	17.91%	20.59%	18.42%	21.04%	17.99%	19.53%	18.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.25	20.09	22.99	21.40	22.17	17.75	22.09	16.41	10.36	7.82
NOPAT to Interest Expense	16.21	13.45	4.56	16.66	15.82	12.84	14.02	12.09	7.34	5.60
EBIT Less CapEx to Interest Expense	18.83	16.91	20.00	19.19	19.94	15.38	19.56	14.63	9.06	6.72
NOPAT Less CapEx to Interest Expense	12.80	10.28	1.57	14.45	13.59	10.47	11.49	10.31	6.03	4.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.61%	39.49%	133.44%	33.27%	39.20%	53.28%	46.81%	54.74%	50.34%	50.56%
Augmented Payout Ratio	74.48%	87.28%	315.37%	91.86%	109.82%	129.62%	107.06%	139.30%	115.83%	79.39%

This table displays calculated financial ratios and metrics derived from Honeywell International's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.64%	6.11%	5.83%	2.16%	2.92%	2.77%	2.72%	4.71%	5.60%	6.86%
EBITDA Growth	13.39%	-24.55%	16.41%	14.96%	4.29%	23.10%	6.58%	6.65%	-0.12%	10.10%
EBIT Growth	16.15%	-28.83%	22.77%	16.75%	4.52%	28.13%	7.12%	6.36%	-2.39%	7.44%
NOPAT Growth	15.49%	27.52%	39.60%	25.09%	8.91%	-15.74%	9.68%	5.30%	-2.83%	11.14%
Net Income Growth	21.68%	-29.20%	24.16%	18.84%	-2.20%	22.23%	4.76%	3.93%	-6.60%	3.37%
EPS Growth	26.67%	-25.98%	26.22%	20.65%	-0.44%	26.49%	7.73%	6.31%	-4.85%	2.62%
Operating Cash Flow Growth	86.15%	-11.15%	-2,277.78%	72.37%	-13.15%	24.89%	157.14%	0.81%	10.39%	-22.81%
Free Cash Flow Firm Growth	1,525.84%	400.06%	186.59%	60.73%	-250.11%	-138.33%	62.86%	-933.37%	-412.67%	-1,192.77%
Invested Capital Growth	2.15%	-1.00%	3.33%	6.38%	10.13%	7.77%	2.76%	15.46%	26.07%	37.60%
Revenue Q/Q Growth	-0.02%	2.63%	-3.51%	3.18%	0.72%	2.48%	-3.55%	5.18%	1.58%	3.70%
EBITDA Q/Q Growth	15.15%	-31.40%	36.95%	6.26%	4.46%	-19.02%	18.57%	6.34%	-2.17%	-10.73%
EBIT Q/Q Growth	16.08%	-35.88%	46.44%	7.12%	3.92%	-21.40%	22.42%	6.36%	-4.63%	-13.48%
NOPAT Q/Q Growth	14.79%	14.29%	-14.13%	11.04%	-0.07%	-11.57%	11.78%	6.60%	-7.79%	1.15%
Net Income Q/Q Growth	22.64%	-34.09%	37.90%	6.61%	0.93%	-17.62%	18.19%	5.76%	-9.29%	-8.83%
EPS Q/Q Growth	23.91%	-33.77%	37.09%	7.25%	2.25%	-15.86%	16.75%	5.83%	-8.47%	-9.26%
Operating Cash Flow Q/Q Growth	164.01%	13.59%	-133.14%	273.47%	33.01%	63.35%	-84.84%	206.03%	45.66%	14.22%
Free Cash Flow Firm Q/Q Growth	208.19%	126.47%	-77.13%	-170.10%	-313.50%	42.17%	197.15%	-544.81%	-105.14%	-45.83%
Invested Capital Q/Q Growth	-4.56%	-2.67%	10.44%	3.70%	-1.20%	-4.75%	5.31%	16.51%	7.88%	3.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.50%	37.20%	37.97%	38.49%	38.45%	34.31%	38.68%	38.85%	38.54%	36.38%
EBITDA Margin	26.58%	17.77%	25.21%	25.97%	26.93%	21.28%	26.16%	26.45%	25.47%	21.93%
Operating Margin	19.46%	19.74%	19.09%	20.59%	20.91%	16.77%	20.43%	20.65%	19.10%	17.30%
EBIT Margin	23.23%	14.51%	22.02%	22.86%	23.59%	18.09%	22.97%	23.22%	21.80%	18.19%
Profit (Net Income) Margin	17.31%	11.11%	15.88%	16.41%	16.45%	13.22%	16.20%	16.29%	14.55%	12.79%
Tax Burden Percent	78.19%	85.87%	79.01%	78.83%	77.02%	82.87%	78.83%	79.03%	77.58%	83.55%
Interest Burden Percent	95.29%	89.20%	91.29%	91.06%	90.52%	88.17%	89.48%	88.76%	86.00%	84.14%
Effective Tax Rate	21.81%	14.13%	20.99%	21.17%	22.98%	17.13%	21.17%	20.97%	22.42%	16.45%
Return on Invested Capital (ROIC)	20.24%	23.14%	19.31%	20.44%	21.02%	18.98%	20.54%	19.11%	16.97%	16.82%
ROIC Less NNEP Spread (ROIC-NNEP)	22.56%	16.17%	20.04%	20.59%	21.34%	18.34%	20.62%	19.09%	16.79%	15.72%
Return on Net Nonoperating Assets (RNNOA)	9.95%	6.79%	10.72%	12.16%	11.62%	10.82%	13.89%	15.28%	14.25%	13.50%
Return on Equity (ROE)	30.19%	29.94%	30.04%	32.60%	32.64%	29.80%	34.43%	34.39%	31.22%	30.31%
Cash Return on Invested Capital (CROIC)	15.88%	20.28%	15.92%	13.66%	11.23%	13.42%	17.12%	3.91%	-5.57%	-13.75%
Operating Return on Assets (OROA)	13.04%	8.12%	12.85%	13.27%	14.13%	10.72%	13.50%	13.17%	12.25%	10.24%
Return on Assets (ROA)	9.71%	6.22%	9.27%	9.52%	9.85%	7.83%	9.53%	9.24%	8.17%	7.20%
Return on Common Equity (ROCE)	29.44%	28.87%	28.97%	31.46%	31.57%	28.73%	33.23%	33.25%	30.23%	29.35%
Return on Equity Simple (ROE_SIMPLE)	30.43%	0.00%	30.98%	31.67%	31.60%	0.00%	34.88%	34.21%	32.74%	0.00%
Net Operating Profit after Tax (NOPAT)	1,362	1,557	1,337	1,484	1,483	1,312	1,466	1,563	1,441	1,458
NOPAT Margin	15.22%	16.95%	15.08%	16.23%	16.10%	13.90%	16.10%	16.32%	14.82%	14.45%
Net Nonoperating Expense Percent (NNEP)	-2.32%	6.97%	-0.73%	-0.16%	-0.32%	0.64%	-0.07%	0.02%	0.17%	1.10%
Return On Investment Capital (ROIC_SIMPLE)	3.86%	4.22%	3.65%	3.78%	3.90%	3.56%	3.47%	3.44%	2.95%	2.90%
Cost of Revenue to Revenue	62.50%	62.80%	62.03%	61.51%	61.55%	65.69%	61.32%	61.15%	61.46%	63.62%
SG&A Expenses to Revenue	13.72%	13.60%	14.86%	13.80%	13.59%	13.73%	14.30%	14.21%	14.37%	13.93%
R&D to Revenue	4.32%	3.86%	4.03%	4.10%	3.95%	3.81%	3.95%	3.99%	3.78%	4.22%
Operating Expenses to Revenue	18.04%	17.46%	18.89%	17.90%	17.54%	17.54%	18.25%	18.20%	19.44%	19.08%
Earnings before Interest and Taxes (EBIT)	2,079	1,333	1,952	2,091	2,173	1,708	2,091	2,224	2,121	1,835
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,379	1,632	2,235	2,375	2,481	2,009	2,382	2,533	2,478	2,212
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.99	8.22	7.23	7.69	6.89	8.49	8.05	8.08	7.64	7.85
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.04	3.87	3.40	3.68	3.26	3.67	3.59	3.67	3.51	3.80
Price to Earnings (P/E)	19.75	27.64	23.41	24.40	21.94	23.80	23.14	23.67	23.39	25.61
Dividend Yield	2.49%	2.45%	2.76%	2.55%	2.88%	2.04%	2.10%	2.03%	2.11%	1.94%
Earnings Yield	5.06%	3.62%	4.27%	4.10%	4.56%	4.20%	4.32%	4.23%	4.28%	3.90%
Enterprise Value to Invested Capital (EV/IC)	4.33	5.67	4.69	4.91	4.47	5.27	4.96	4.51	4.12	4.32
Enterprise Value to Revenue (EV/Rev)	3.29	4.13	3.73	4.02	3.59	4.00	3.94	4.13	4.01	4.30
Enterprise Value to EBITDA (EV/EBITDA)	13.48	18.31	16.11	16.85	14.99	16.11	15.72	16.39	16.16	17.22
Enterprise Value to EBIT (EV/EBIT)	15.68	21.56	18.72	19.49	17.32	18.51	18.03	18.80	18.66	20.00
Enterprise Value to NOPAT (EV/NOPAT)	24.30	29.26	24.84	25.50	22.47	26.13	25.32	26.48	26.29	27.93
Enterprise Value to Operating Cash Flow (EV/OCF)	20.64	27.76	30.07	28.92	27.52	27.46	22.12	23.41	22.44	27.13
Enterprise Value to Free Cash Flow (EV/FCFF)	27.56	27.80	29.96	37.05	41.76	40.69	29.35	123.79	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.93	1.13	1.09	1.19	1.14	1.24	1.48	1.59	1.71	1.62
Long-Term Debt to Equity	0.67	0.87	0.84	0.98	0.94	1.01	1.30	1.19	1.44	1.33
Financial Leverage	0.44	0.42	0.54	0.59	0.54	0.59	0.67	0.80	0.85	0.86
Leverage Ratio	3.41	3.47	3.37	3.45	3.37	3.67	3.63	3.72	3.77	3.84
Compound Leverage Factor	3.25	3.09	3.08	3.14	3.05	3.23	3.25	3.30	3.24	3.23
Debt to Total Capital	48.09%	53.04%	52.24%	54.42%	53.29%	55.43%	59.70%	61.46%	63.16%	61.88%
Short-Term Debt to Total Capital	13.44%	12.05%	12.25%	9.61%	9.46%	10.52%	7.26%	15.55%	10.03%	11.18%
Long-Term Debt to Total Capital	34.64%	40.99%	39.99%	44.81%	43.82%	44.90%	52.43%	45.91%	53.13%	50.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.78%	1.70%	1.64%	1.53%	1.45%	1.59%	1.41%	1.25%	1.18%	1.08%
Common Equity to Total Capital	50.13%	45.25%	46.12%	44.05%	45.26%	42.99%	38.89%	37.29%	35.66%	37.05%
Debt to EBITDA	1.99	2.45	2.31	2.48	2.33	2.25	2.73	2.97	3.28	3.24
Net Debt to EBITDA	0.96	1.06	1.33	1.36	1.31	1.25	1.33	1.77	1.96	1.95
Long-Term Debt to EBITDA	1.43	1.89	1.76	2.04	1.91	1.82	2.40	2.22	2.76	2.65
Debt to NOPAT	3.59	3.91	3.55	3.75	3.49	3.64	4.40	4.80	5.33	5.25
Net Debt to NOPAT	1.74	1.70	2.04	2.05	1.97	2.03	2.14	2.86	3.19	3.17
Long-Term Debt to NOPAT	2.59	3.02	2.72	3.09	2.87	2.95	3.86	3.58	4.49	4.30
Altman Z-Score	3.34	3.58	3.60	3.67	3.55	3.67	3.54	3.31	3.15	3.21
Noncontrolling Interest Sharing Ratio	2.49%	3.58%	3.54%	3.49%	3.27%	3.60%	3.47%	3.31%	3.15%	3.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.24	1.25	1.26	1.41	1.35	1.27	1.66	1.21	1.44	1.31
Quick Ratio	0.85	0.88	0.84	0.98	0.92	0.84	1.18	0.83	0.96	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	803	1,819	416	-292	-1,206	-697	677	-3,013	-6,181	-9,013
Operating Cash Flow to CapEx	1,132.07%	1,060.99%	-430.77%	588.74%	750.62%	864.04%	192.27%	529.34%	715.77%	580.41%
Free Cash Flow to Firm to Interest Expense	8.20	12.63	2.45	-1.56	-5.85	-3.45	3.08	-12.05	-20.81	-30.97
Operating Cash Flow to Interest Expense	21.26	16.43	-4.61	7.27	8.78	14.63	2.04	5.48	6.72	7.84
Operating Cash Flow Less CapEx to Interest Expense	19.38	14.88	-5.68	6.04	7.61	12.94	0.98	4.45	5.78	6.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.56	0.58	0.58	0.60	0.59	0.59	0.57	0.56	0.56
Accounts Receivable Turnover	4.79	4.97	4.80	4.60	4.79	4.90	4.81	4.74	4.82	5.02
Inventory Turnover	4.05	4.19	4.00	3.92	3.92	3.93	3.82	3.82	3.83	3.78
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.46	3.49	3.54	3.54	3.60	3.49	3.58	3.61	3.61	3.47
Days Sales Outstanding (DSO)	76.28	73.43	76.04	79.43	76.17	74.52	75.85	77.01	75.78	72.76
Days Inventory Outstanding (DIO)	90.19	87.19	91.15	93.06	93.03	92.98	95.63	95.63	95.33	96.62
Days Payable Outstanding (DPO)	105.41	104.64	103.14	102.99	101.48	104.59	102.09	101.11	100.97	105.12
Cash Conversion Cycle (CCC)	61.06	55.98	64.05	69.49	67.72	62.92	69.39	71.52	70.14	64.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	26,550	25,841	28,539	29,594	29,239	27,850	29,328	34,170	36,861	38,321
Invested Capital Turnover	1.33	1.37	1.28	1.26	1.31	1.37	1.28	1.17	1.15	1.16
Increase / (Decrease) in Invested Capital	559	-262	921	1,776	2,689	2,009	789	4,576	7,622	10,471
Enterprise Value (EV)	114,976	146,428	133,937	145,300	130,766	146,634	145,375	154,110	151,946	165,396
Market Capitalization	106,133	137,284	122,317	133,005	118,758	134,640	132,501	136,887	132,924	146,102
Book Value per Share	$26.28	$24.83	$25.32	$25.99	$25.95	$24.05	$25.27	$26.02	$26.79	$28.63
Tangible Book Value per Share	($3.69)	($5.98)	($5.74)	($6.11)	($5.83)	($8.23)	($7.17)	($13.95)	($14.80)	($15.17)
Total Capital	35,322	36,896	36,684	39,274	38,068	36,884	42,308	45,449	48,810	50,260
Total Debt	16,985	19,570	19,162	21,373	20,286	20,443	25,256	27,932	30,829	31,099
Total Long-Term Debt	12,236	15,123	14,670	17,600	16,683	16,562	22,183	20,865	25,934	25,479
Net Debt	8,213	8,515	11,017	11,693	11,457	11,409	12,276	16,653	18,447	18,752
Capital Expenditures (CapEx)	184	223	182	231	241	342	233	259	279	393
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,200	-619	1,866	2,013	1,762	749	2,014	1,585	2,606	1,319
Debt-free Net Working Capital (DFNWC)	9,165	9,491	9,106	10,782	9,696	8,844	14,019	11,392	13,525	12,272
Net Working Capital (NWC)	4,416	5,044	4,614	7,009	6,093	4,963	10,946	4,325	8,630	6,652
Net Nonoperating Expense (NNE)	-187	536	-71	-17	-32	64	-8.67	3.16	26	168
Net Nonoperating Obligations (NNO)	8,213	8,515	11,017	11,693	11,457	11,409	12,276	16,653	18,880	19,160
Total Depreciation and Amortization (D&A)	300	299	283	284	308	301	291	309	357	377
Debt-free, Cash-free Net Working Capital to Revenue	3.43%	-1.75%	5.19%	5.57%	4.84%	2.04%	5.46%	4.25%	6.89%	3.43%
Debt-free Net Working Capital to Revenue	26.23%	26.76%	25.33%	29.83%	26.63%	24.12%	37.99%	30.51%	35.73%	31.88%
Net Working Capital to Revenue	12.64%	14.22%	12.83%	19.39%	16.74%	13.54%	29.66%	11.58%	22.80%	17.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.30	$1.51	$2.09	$2.24	$2.29	$1.91	$2.24	$2.37	$2.17	$1.98
Adjusted Weighted Average Basic Shares Outstanding	672.32M	668.14M	665.68M	663.96M	659.25M	652.18M	651.19M	649.67M	650.25M	649.92M
Adjusted Diluted Earnings per Share	$2.28	$1.51	$2.07	$2.22	$2.27	$1.91	$2.23	$2.36	$2.16	$1.96
Adjusted Weighted Average Diluted Shares Outstanding	672.32M	668.14M	665.68M	663.96M	659.25M	652.18M	651.19M	649.67M	650.25M	649.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	672.32M	668.14M	665.68M	663.96M	659.25M	652.18M	651.19M	649.67M	650.25M	649.92M
Normalized Net Operating Profit after Tax (NOPAT)	1,362	1,557	1,337	1,484	1,483	1,312	1,466	1,563	1,538	1,458
Normalized NOPAT Margin	15.22%	16.95%	15.08%	16.23%	16.10%	13.90%	16.10%	16.32%	15.81%	14.45%
Pre Tax Income Margin	22.13%	12.94%	20.10%	20.82%	21.35%	15.95%	20.55%	20.61%	18.75%	15.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.21	9.26	11.48	11.18	10.55	8.46	9.50	8.90	7.14	6.31
NOPAT to Interest Expense	13.90	10.81	7.86	7.94	7.20	6.49	6.67	6.25	4.85	5.01
EBIT Less CapEx to Interest Expense	19.34	7.71	10.41	9.95	9.38	6.76	8.45	7.86	6.20	4.96
NOPAT Less CapEx to Interest Expense	12.02	9.26	6.79	6.70	6.03	4.80	5.61	5.22	3.91	3.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	50.19%	54.74%	52.97%	50.67%	52.07%	50.34%	49.36%	49.76%	50.40%	50.56%
Augmented Payout Ratio	119.01%	139.30%	127.02%	104.31%	117.45%	115.83%	113.61%	114.25%	98.28%	79.39%

Frequently Asked Questions About Honeywell International's Financials

When does Honeywell International's financial year end?

According to the most recent income statement we have on file, Honeywell International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Honeywell International's net income changed over the last 9 years?

Honeywell International's net income appears to be on an upward trend, with a most recent value of $5.74 billion in 2024, rising from $4.85 billion in 2015. The previous period was $5.67 billion in 2023.

What is Honeywell International's operating income?

Honeywell International's total operating income in 2024 was $7.44 billion, based on the following breakdown:

Total Gross Profit: $14.66 billion
Total Operating Expenses: $7.22 billion

How has Honeywell International revenue changed over the last 9 years?

Over the last 9 years, Honeywell International's total revenue changed from $38.58 billion in 2015 to $38.50 billion in 2024, a change of -0.2%.

How much debt does Honeywell International have?

Honeywell International's total liabilities were at $56.04 billion at the end of 2024, a 24.3% increase from 2023, and a 83.1% increase since 2015.

How much cash does Honeywell International have?

In the past 9 years, Honeywell International's cash and equivalents has ranged from $5.46 billion in 2015 to $14.28 billion in 2020, and is currently $10.57 billion as of their latest financial filing in 2024.

How has Honeywell International's book value per share changed over the last 9 years?

Over the last 9 years, Honeywell International's book value per share changed from 23.72 in 2015 to 28.63 in 2024, a change of 20.7%.

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This page (NASDAQ:HON) was last updated on 4/15/2025 by MarketBeat.com Staff

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Honeywell International (HON) Financials

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Honeywell International (HON) Financials

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