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HON · Nasdaq · United States · Aircraft Engines & Engine Parts
In shortHONEYWELL INTERNATIONAL INC is profitable, generates cash and carries heavy debt, with revenue growing (+7.8% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 21.7% | 89/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 12.6% | 71/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 29.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 15.6% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.30× | 41/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.06× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.68× | 66/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.05× | 43/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.86 | 71/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 14.5% | 78/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.15× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 5.8% | 90/100 |
| Operating margin volatility | 0.5% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.8% | 27/100 |
|---|---|---|
| EPS growth, 3-year average | 0.4% | 27/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 34,392 | 35,466 | 33,009 | 34,717 | 37,442 |
| Cost of revenue | 22,061 | 22,347 | 20,637 | 21,360 | 23,613 |
| Gross profit | 12,331 | 13,119 | 12,372 | 13,357 | 13,829 |
| Research & development | 1,333 | 1,478 | 1,375 | 1,454 | 1,812 |
| Selling, general & admin | 4,798 | 5,214 | 4,887 | 5,235 | 5,450 |
| Operating income | – | 8,022 | 7,563 | 7,667 | 8,127 |
| Interest expense | 343 | 414 | 749 | 1,048 | 1,344 |
| Pre-tax income | 7,235 | 6,379 | 6,191 | 6,244 | 5,476 |
| Income tax | 1,625 | 1,412 | 1,262 | 1,249 | 1,008 |
| Net income | 5,542 | 4,966 | 5,658 | 5,705 | 4,729 |
| Diluted EPS | $7.91 | $7.27 | $8.47 | $8.71 | $7.36 |
| Diluted shares (millions) | 700 | 683 | 668 | 655 | 643 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.86 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2026 · Data updated Oct 22, 2026