Honeywell Technologies vs 3M
Honeywell Technologies is the larger business, with $37.44bn of revenue in fiscal 2025 against $24.95bn for 3M (1.5 times as much). Honeywell Technologies grew faster (7.8% against 1.5%). 3M kept more of each dollar of sales as profit: a net margin of 13.0% against 12.6%. Honeywell Technologies carries less debt relative to equity (248.6% against 268.0%).
| Latest fiscal year | Honeywell TechnologiesHON, 2025 | 3MMMM, 2025 |
|---|---|---|
| Revenue | $37.44bn | $24.95bn |
| Revenue growth | 7.8% | 1.5% |
| Net income | $4.73bn | $3.25bn |
| Operating margin | 21.7% | 18.6% |
| Net margin | 12.6% | 13.0% |
| Return on equity | 29.1% | 76.1% |
| Free cash flow | $5.42bn | $1.40bn |
| Cash | $12.27bn | $5.24bn |
| Total debt | $34.57bn | $12.60bn |
| Debt to equity | 248.6% | 268.0% |
| Dividend per share | — | $2.92 |
| Dividend yield | 3.6% | 1.7% |
| Share buybacks | $3.80bn | $3.25bn |
| Employees | 101,000 | 60,500 |
| Market value | $71.00bn | $91.29bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 61 (Moderate) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 18 sales | 0 buys, 59 sales |