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Honeywell Technologies (HON) stock

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NASDAQ: HON Nasdaq Industrial Conglomerates Next results ~January 6, 2027

Honeywell Technologies is a US-listed company in the industrial conglomerates industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Honeywell Technologies valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Honeywell Technologies files

10-Q filed October 22: Honeywell Technologies

Revenue for the twelve months to September 2026 reached $33.6bn, up 3.9% on a year earlier. That marks an improvement on the -7.4% recorded a quarter earlier. Operating margin widened to 32.7% from 18.8%, a notable step up. Free-cash-flow margin told a different story, falling to 2.9% from 21.7% a year earlier. Taken together, our model value drops from $228 to $132 a share. The current share price sits at $218, well above our revised estimate.

Our model value for Honeywell Technologies is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Honeywell Technologies stands after its latest 10-Q/A

Revenue for the twelve months to June 2026 was $38.1bn, up 5.0% on a year earlier, slower than 6.1% a quarter earlier. Free-cash-flow margin fell to 10.5% from 14.9% a year earlier. The diluted share count is down 9.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 5 financial-health checks. At that price, our model says the market is pricing in about 2.1% a year of cash-flow growth for five years, close to the 2.0% a year revenue growth it has delivered.

10-Q/A on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 6, 2027 (estimated)

Honeywell Technologies's trailing-twelve-month revenue grew 3.9% year on year, with a free-cash-flow margin of 2.9%.

Our discounted-cash-flow model values the business at ~$140 per share in the base case (~$90–$200 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 86.2% while net income grew 15.1%: a 101pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 11.3 points higher than a quarter earlier.
  • High operating margin. 32.7% of revenue is left as operating profit.
  • Margins widening. Operating margin is up 13.9 points on a year ago.
  • Shrinking share count. Diluted shares fell 1.5% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Insiders selling. 7 insiders sold $13M of stock over the past 365 days and none bought (42% under pre-set trading plans).
  • Gross margin slipping. Gross margin is down 29.7 points on a year ago.
  • Weak cash conversion. Free cash flow was 14% of net income over the last 12 months.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$2.27 against an average estimate of $2.16: beat by 4.9%
Revenue
$4.99bn, up 1.3% on a year earlier
Share reaction
+3.0% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
sales $20bn to $20.1bn (Full-Year 2026); organic Growth growth 4% to 5% (Full-Year 2026)
Next report
October 22, 2026; average EPS estimate $2.45

Honeywell Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.5%
  • 1 week+2.0%
  • 1 month+4.6%
  • This year+10.8%
  • 1 year+8.1%
  • 5 years+12.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$33.6B
Operating margin
32.7%
Net margin
21.0%
EPS (TTM, diluted)
$21.80

Growth

Revenue growth
+3.9%
Change in growth rate
+11.3 pts
Share count change
−1.5%

Cash

Free cash flow (TTM)
$967M
FCF margin
2.9%
Stock pay % of revenue
-0.1%

Earnings

Last results
October 22, 2026
Next results (est.)
January 6, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Our research
  3. Results

    Honeywell files third quarter 2026 earnings report

    Honeywell International Inc. filed a Form 8-K on October 22, 2026, to report its third quarter 2026 results. The company stated that it issued a press release announcing the financial performance for the period. The document includes the earnings release as an exhibit to the filing.

    SEC 8-KRead source ↗
  4. Guidance
  5. Leadership
  6. Insider trade
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Honeywell Technologies valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Honeywell Technologies as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.83 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$370 ~$280–$500 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$370 ~$320–$450 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Honeywell Technologies with Industrial Conglomerates in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$78.23$89.92$121.48$111.44$152.33$187.33$186.78$195.94$195.97$215.60$201.87
Market value$30.9bn$34.9bn$46.9bn$42.0bn$55.6bn$66.6bn$65.4bn$66.9bn$65.5bn$70.7bn$64.9bn
+ Net debt (− = net cash)$6.6bn$7.9bn$10.8bn$6.9bn$6.9bn$8.1bn$8.6bn$9.9bn$12.5bn$21.2bn$22.3bn
Enterprise value$37.5bn$42.8bn$57.7bn$48.9bn$62.6bn$74.7bn$74.1bn$76.9bn$78.0bn$91.8bn$87.2bn
Multiples
Price / sales 0.8x0.9x1.2x1.0x1.5x2.0x1.9x1.9x2.0x2.0x1.7x
Price / earnings 6.5x7.2x30.4x6.2x9.1x13.9x11.8x13.5x11.6x12.4x13.7x
Price / free cash flow 6.9x7.9x9.5x7.5x9.2x12.6x12.7x14.8x14.2x13.5x12.0x
EV / EBITDA ———————8.3x9.1x10.4x9.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

61 /100

Moderate moat

How hard Honeywell Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Cash operating profit has been a median 10.4% of total assets over 6 years.

  • Pricing power 6 / 20

    Gross margin has been a median 30.6%, moving by 6.9 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Net margin has been a median 15.6%; its worst year was 5.9%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 9.4% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (66 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $8.44 −57% $20.2bn −46%
Next $9.85 +17% $20.5bn +2%

Next year's EPS estimate has moved −1.3% in 90 days, across 24 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.8% on 90 days ago. In the last 30 days, 1 analyst raised Honeywell Technologies's forecast and 6 cut it.

Consensus EPS forecast Honeywell Technologies, last 90 days
$8.00 $8.50 $9.00 $9.50 $10.00 $10.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.29 Current fiscal year, 60 days ago: $8.31 Current fiscal year, 30 days ago: $8.30 Current fiscal year, 7 days ago: $8.30 Current fiscal year, Now: $8.44 $8.44 Next fiscal year, 90 days ago: $9.98 Next fiscal year, 60 days ago: $10.00 Next fiscal year, 30 days ago: $9.89 Next fiscal year, 7 days ago: $9.81 Next fiscal year, Now: $9.85 $9.85

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.29$9.98
60 days ago $8.31$10.00
30 days ago $8.30$9.89
7 days ago $8.30$9.81
Now $8.44$9.85

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.16 $2.27 +4.9%
Jun 2026 $1.82 $1.95 +7.2%
Mar 2026 $4.64 $4.90 +5.5%
Dec 2025 $5.07 $5.18 +2.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • Sales Full-Year 2026 $20bn to $20.1bn Raised
    “Sales $19.8B - $20.0B $20.0B - $20.1B” source
  • Organic Growth Full-Year 2026 4% growth to 5% growth Non-GAAP Raised
    “Organic Growth 3% - 4% 4% - 5%” source
  • Organic sales growth (Q4) fourth quarter 5% growth to 6% growth Non-GAAP
    “The company now expects full-year sales of $20.0 billion to $20.1 billion with organic 1 sales growth of 4% to 5%, and 5% to 6% organic 1 growth in the fourth quarter; segment margin 1 of approximately 20.5%, at the upper end of its previous guidance range, representing segment margin 1 expansion of approximately 290 basis points; and adjusted earnings per share 1 of $8.40 to $8.45, up 30% to 31%, representing a $0.23 increase from the midpoint of its previous guidance range.” source
  • Adjusted Earnings Per Share Full-Year 2026 $8.40 to $8.45 Non-GAAP Raised
    “Adjusted Earnings Per Share 2,3 $8.05 - $8.35 $8.40 - $8.45” source
  • Earnings per share of common stock from continuing operations - diluted Twelve Months Ended December 31, 2026(E) $21.88 to $21.93 GAAP Raised vs 21.05 to 21.35
    “Earnings per share of common stock from continuing operations - diluted 1 $ 2.40 $ 2.99 $ 3.24 $21.88 - $21.93” source
  • Segment Margin Full-Year 2026 about 20.5% Non-GAAP Raised
    “Segment Margin 2 20.1% - 20.5% ~20.5%” source
Show 4 more items
  • Segment Margin Expansion Full-Year 2026 about 290 Non-GAAP Raised
    “Expansion Up 250 - 290 bps Up ~290 bps” source
  • Adjusted Earnings Growth Full-Year 2026 30% growth to 31% growth Non-GAAP Raised
    “Adjusted Earnings Growth 3 25% - 29% 30% - 31%” source
  • Operating Cash Flow Full-Year 2026 about $2.1bn Maintained
    “Operating Cash Flow ~$2.1B ~$2.1B” source
  • Free Cash Flow Full-Year 2026 about $2.1bn Non-GAAP Raised
    “Free Cash Flow 4 ~$2.0B ~$2.1B” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

24 analysts, Oct 2026
Buy1458%
Hold938%
Sell14%

Monthly trend

  1. Oct 2026311924
  2. Sep 2026311924
  3. Aug 2026312824
  4. Jul 2026312824

Counts of recommendations published by analysts covering Honeywell Technologies, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.4%
of tradable shares
Days to cover
2.68
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
85%
of shares
Held by insiders
0.1%
of shares
Employees
101,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +8.1%

$207.09 on October 31, 2025 to $223.77

ThenNowEffect
Revenue (last 12 months) $36.2bn $33.5bn −7.4%
Net margin 15.8% 24.5% +55.2%
P/E multiple 11.8x 8.7x −26.2%
Share count 325m 319m +1.9%

Biggest factor: net margin.

Last 3 years +27.4%

$175.58 on November 3, 2023 to $223.77

ThenNowEffect
Revenue (last 12 months) $36.1bn $33.5bn −7.2%
Net margin 15.1% 24.5% +62.3%
P/E multiple 10.9x 8.7x −19.9%
Share count 337m 319m +5.6%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HON−0%+5%0%+10%−6%+11%
Industry peers (median)+15%−15%+14%+1%+8%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HON58%42%33%42%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HON−14%−23%−17%−11%−19%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 43% from January 17, 2020 to March 23, 2020. Getting back needed a 76% gain, reached on November 5, 2020, 227 days after the low.

Price behaviour

52-week range
$194.68 – $257.94
From 52-week high
−13.2%
vs 50-day average
+5.7%
vs 200-day average
−2.5%
Volatility (1 year)
26%
Beta vs S&P 500
0.67

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±5.0%
After a week
5 up, 7 down
typical move ±5.0%
After a month
5 up, 6 down
typical move ±6.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +3.0% −1.7% +3.5% —
July 23, 2026 +4.4% −1.1% +3.8% −7.1%
June 29, 2026 −8.1% +2.4% −7.6% −1.0%
April 23, 2026 −3.1% +0.4% −2.6% +4.2%
January 29, 2026 +5.0% −0.5% +7.9% +15.1%
December 22, 2025 −1.8% +1.1% −1.4% +11.2%
October 23, 2025 +4.6% +1.4% +2.8% −1.8%
July 24, 2025 −6.3% +0.5% −7.1% −6.4%
April 29, 2025 +4.9% +0.7% +4.6% +12.8%
February 6, 2025 −7.6% −0.6% −7.7% −3.3%
October 24, 2024 −5.6% +0.2% −6.7% +4.5%
July 25, 2024 −5.1% +0.6% −4.2% −4.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Honeywell Technologies
$30B $32B $34B $36B $38B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $33B Revenue (TTM), FY24 Q1: $32.3B Revenue (TTM), FY24 Q2: $31.7B Revenue (TTM), FY24 Q3: $31.3B Revenue (TTM), FY24 Q4: $34.7B Revenue (TTM), FY25 Q1: $35.5B Revenue (TTM), FY25 Q2: $36.2B Revenue (TTM), FY25 Q3: $32.3B Revenue (TTM), FY25 Q4: $32.9B Revenue (TTM), FY26 Q1: $33.2B Revenue (TTM), FY26 Q2: $33.5B Revenue (TTM), FY26 Q3: $33.6B $33.6B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $33B
FY24 Q1 $32.3B
FY24 Q2 $31.7B
FY24 Q3 $31.3B
FY24 Q4 $34.7B
FY25 Q1 $35.5B
FY25 Q2 $36.2B
FY25 Q3 $32.3B
FY25 Q4 $32.9B
FY26 Q1 $33.2B
FY26 Q2 $33.5B
FY26 Q3 $33.6B
Revenue growth, TTM YoY Honeywell Technologies
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -6.9% Revenue growth, TTM YoY, FY24 Q1: -10.2% Revenue growth, TTM YoY, FY24 Q2: -12.2% Revenue growth, TTM YoY, FY24 Q3: -13.9% Revenue growth, TTM YoY, FY24 Q4: 5.2% Revenue growth, TTM YoY, FY25 Q1: 9.9% Revenue growth, TTM YoY, FY25 Q2: 14.2% Revenue growth, TTM YoY, FY25 Q3: 3.2% Revenue growth, TTM YoY, FY25 Q4: -5.1% Revenue growth, TTM YoY, FY26 Q1: -6.6% Revenue growth, TTM YoY, FY26 Q2: -7.4% Revenue growth, TTM YoY, FY26 Q3: 3.9% 3.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -6.9%
FY24 Q1 -10.2%
FY24 Q2 -12.2%
FY24 Q3 -13.9%
FY24 Q4 5.2%
FY25 Q1 9.9%
FY25 Q2 14.2%
FY25 Q3 3.2%
FY25 Q4 -5.1%
FY26 Q1 -6.6%
FY26 Q2 -7.4%
FY26 Q3 3.9%
Operating margin (TTM) Honeywell Technologies
15% 20% 25% 30% 35% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 22.7% Operating margin (TTM), FY24 Q1: 23.7% Operating margin (TTM), FY24 Q2: 24.4% Operating margin (TTM), FY24 Q3: 25.1% Operating margin (TTM), FY24 Q4: 22.1% Operating margin (TTM), FY25 Q1: 21.3% Operating margin (TTM), FY25 Q2: 20.7% Operating margin (TTM), FY25 Q3: 18.8% Operating margin (TTM), FY25 Q4: 32.1% Operating margin (TTM), FY26 Q1: 32.2% Operating margin (TTM), FY26 Q2: 32.2% Operating margin (TTM), FY26 Q3: 32.7% 32.7%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 22.7%
FY24 Q1 23.7%
FY24 Q2 24.4%
FY24 Q3 25.1%
FY24 Q4 22.1%
FY25 Q1 21.3%
FY25 Q2 20.7%
FY25 Q3 18.8%
FY25 Q4 32.1%
FY26 Q1 32.2%
FY26 Q2 32.2%
FY26 Q3 32.7%
FCF margin (TTM) Honeywell Technologies
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 13.9% FCF margin (TTM), FY24 Q1: 17.9% FCF margin (TTM), FY24 Q2: 18.2% FCF margin (TTM), FY24 Q3: 18.9% FCF margin (TTM), FY24 Q4: 15.1% FCF margin (TTM), FY25 Q1: 15.3% FCF margin (TTM), FY25 Q2: 14.9% FCF margin (TTM), FY25 Q3: 21.7% FCF margin (TTM), FY25 Q4: 16.5% FCF margin (TTM), FY26 Q1: 12.5% FCF margin (TTM), FY26 Q2: 12.0% FCF margin (TTM), FY26 Q3: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 13.9%
FY24 Q1 17.9%
FY24 Q2 18.2%
FY24 Q3 18.9%
FY24 Q4 15.1%
FY25 Q1 15.3%
FY25 Q2 14.9%
FY25 Q3 21.7%
FY25 Q4 16.5%
FY26 Q1 12.5%
FY26 Q2 12.0%
FY26 Q3 2.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 30.0 32.4 36.5 37.7 39.1 40.3 38.6 39.3 40.5 41.8 36.7 32.6 34.4 35.5 33.0 34.7 37.4 33.6
Gross profit 6.9 7.6 8.0 9.4 10.7 11.3 11.8 12.2 12.4 12.8 12.4 10.5 12.3 13.1 12.4 13.4 13.8 4.3
EBITDA — — — — — — — — — — — — — 9.2 8.6 8.8 9.5 12.6
Operating income — — — — — — — — — — — — — 8.0 7.6 7.7 8.1 11.0
Net income 1.5 2.0 2.1 2.9 3.9 4.2 4.8 4.8 1.5 6.8 6.1 4.8 5.5 5.0 5.7 5.7 4.7 7.1
Diluted EPS $4.10 $5.18 $5.22 $7.38 $9.84 $10.66 $12.08 $12.42 $4.00 $17.96 $16.82 $13.44 $15.82 $14.54 $16.94 $17.42 $14.72 —
Growth (year on year)
Revenue −18.1% +8.0% +12.9% +3.1% +3.7% +3.2% −4.3% +1.9% +3.1% +3.1% −12.2% −11.1% +5.4% +3.1% −6.9% +5.2% +7.8% +3.9%
EBITDA — — — — — — — — — — — — — — −7.1% +3.0% +7.9% +75.1%
Operating income — — — — — — — — — — — — — — −5.7% +1.4% +6.0% +81.0%
Net income +92.1% +30.6% +2.2% +41.6% +34.1% +8.0% +12.5% +0.9% −67.9% +337.9% −9.2% −22.2% +16.0% −10.4% +13.9% +0.8% −17.1% +15.1%
Diluted EPS +89.8% +26.3% +0.8% +41.4% +33.3% +8.3% +13.3% +2.8% −67.8% +349.0% −6.3% −20.1% +17.7% −8.1% +16.5% +2.8% −15.5% —
Margins
Gross margin 23.0% 23.6% 21.8% 24.9% 27.4% 28.2% 30.7% 30.9% 30.6% 30.5% 33.7% 32.1% 35.9% 37.0% 37.5% 38.5% 36.9% 12.7%
EBITDA margin — — — — — — — — — — — — — 26.0% 26.0% 25.4% 25.4% 37.5%
Operating margin — — — — — — — — — — — — — 22.6% 22.9% 22.1% 21.7% 32.7%
Net margin 5.2% 6.3% 5.7% 7.8% 10.0% 10.5% 12.4% 12.2% 3.8% 16.2% 16.7% 14.6% 16.1% 14.0% 17.1% 16.4% 12.6% 21.0%
Free-cash-flow margin 11.2% 11.0% 5.6% 7.0% 8.7% 9.9% 11.5% 11.2% 12.2% 13.4% 16.5% 16.2% 15.0% 12.7% 13.9% 15.1% 14.5% 2.9%
Cash flow
Cash from operations 3.9 4.2 2.8 3.5 4.3 5.1 5.5 5.5 6.0 6.4 6.9 6.2 6.0 5.3 5.3 6.1 6.4 1.9
Capital spending 0.6 0.6 0.8 0.9 0.9 1.1 1.1 1.1 1.0 0.8 0.8 0.9 0.9 0.8 0.7 0.9 1.0 1.0
Free cash flow 3.3 3.6 2.0 2.6 3.4 4.0 4.4 4.4 4.9 5.6 6.1 5.3 5.1 4.5 4.6 5.2 5.4 1.0
Stock-based pay 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 −0.0
Free cash flow after stock pay 3.2 3.4 1.9 2.5 3.2 3.8 4.3 4.2 4.8 5.4 5.9 5.1 4.9 4.3 4.4 5.0 5.2 1.0
Balance sheet
Cash 2.8 2.7 3.7 4.6 6.4 7.0 5.5 7.8 7.1 9.3 9.1 14.3 11.0 9.6 7.9 9.9 12.3 5.7
Total debt 7.6 6.6 7.5 7.4 8.7 8.7 12.1 15.8 17.9 16.2 16.0 22.4 19.6 19.6 20.4 31.1 34.6 16.6
Net debt (negative = net cash) 4.8 3.9 3.8 2.8 2.3 1.7 6.6 7.9 10.8 6.9 6.9 8.1 8.6 9.9 12.5 21.2 22.3 10.9
Diluted shares 378m 391m 396m 396m 399m 398m 395m 388m 386m 377m 365m 356m 350m 342m 334m 328m 321m —
Returned to shareholders
Dividends 0.9 0.9 1.1 1.2 1.4 1.5 1.7 1.9 2.1 2.3 2.4 2.6 2.6 2.7 2.9 2.9 3.0 2.6
Buybacks 0.0 0.0 1.1 0.3 1.1 0.9 1.9 2.1 2.9 4.0 4.4 3.7 3.4 4.2 3.7 1.7 3.8 1.1
Total returned 0.9 0.9 2.2 1.5 2.4 2.4 3.6 4.0 5.0 6.3 6.8 6.3 6.0 6.9 6.6 4.6 6.8 3.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · September 30, 2026
What it owns · $53.1bn
Short-term assets $14.3bnLonger-term assets $38.8bn
What it owes, and who funded it · $37.3bn
Short-term liabilities $14.9bnShareholders' equity $22.4bn
  • Short-term assets cover short-term liabilities $14.3bn of assets due within a year against $14.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $5.7bn of cash against $16.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 74% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 86% to 74% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.9bn of operating cash flow against $16.6bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Honeywell Technologies's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.1B
Dividends (TTM)
$2.6B
Returned to shareholders
380%
of free cash flow
Buybacks, last 3 fiscal years
$9.2B
Diluted share count
−1.5%
year over year
Total shareholder yield
5.2%
dividends 3.6% + buybacks 1.6% of market value
Dividend payout ratio
37%
of net income paid out
R&D spending
6.8%
of revenue
Sales & admin spending
17.2%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial conglomerates
Last 12 months unless stated HON MMM IEP CODI MATW LGPS Median
Revenue, last 12 months $33.6bn $25.2bn $10.6bn $1.8bn $1.1bn $148m $6.2bn
Revenue growth, last 12 months 3.9% 1.7% 10.6% −4.8% −31.8% 8.9% 2.8%
Revenue growth, 3-year average −2.6% 10.7% −3.6% 1.0% −15.8% — −2.6%
Revenue growth, latest quarter 1.3% 1.0% 25.6% −11.4% −29.6% — 1.0%
Gross margin 12.7% 39.5% 16.8% 44.6% 36.6% 19.8% 28.2%
Operating margin 32.7% 18.8% — 3.5% 6.3% 7.1% 7.1%
Operating margin, 3-year average 25.5% 19.1% — −1.2% 4.0% — 11.6%
Net margin 21.0% 14.0% −5.0% −5.3% −2.6% 3.4% 0.4%
Cash from operations / revenue 5.8% 14.4% 1.0% 6.2% −5.3% −9.9% 3.4%
Free-cash-flow margin 2.9% 10.6% −2.3% 4.4% −7.4% −17.3% 0.3%
Free-cash-flow margin, 3-year average 14.5% 6.7% 5.7% −4.4% −3.2% — 5.7%
Stock pay / revenue −0.1% 0.8% — — 1.6% 0.1% 0.4%
Change in share count −1.5% −2.6% 9.7% −0.2% 0.8% 9.0% 0.3%

Median of all 6 companies we cover in industrial conglomerates. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $24.5B 65.5% ▲ 7.3%
Services $12.9B 34.5% ▲ 8.8%
Geography
Region Revenue Share YoY
United States $21.8B 58.2% ▲ 11.5%
Europe $8.1B 21.7% ▲ 1.9%
Other International $7.5B 20.2% ▲ 4.5%

From Honeywell Technologies's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

13F filings for June 30, 2026
Reported value
$54.4B
Institutions reporting
2,029
Shares held vs prior quarter
▲ 1142637.4%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $5.1B 22.8M 9.4% New
Vanguard Capital Management LLC $4.6B 20.7M 8.5% New
Newport Trust Company, LLC $2.9B 12.9M 5.3% New
Invesco Ltd. $2.5B 11.2M 4.6% New
Morgan Stanley $2.2B 9.6M 4.0% New
Geode Capital Management, LLC $1.8B 8.2M 3.4% New
Vanguard Portfolio Management LLC $1.8B 7.9M 3.2% New
Goldman Sachs Group Inc $1.6B 7.3M 3.0% New
Franklin Resources Inc $1.5B 6.5M 2.7% New
Massachusetts Financial Services Co $1.4B 5.1M 2.6% New
Wellington Management Group LLP $1.3B 5.8M 2.4% New
Bank Of America Corp $1B 4.6M 1.9% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Honeywell Technologies's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $12.7M 18 trades by 7 insiders · 42% under pre-set plans
Net ▼ $12.7M net selling
Insider Date Trade Shares Price Value
Kapur Vimal Chief Executive Officer October 26, 2026 Sell 6,459 $220.99 $1.4M
Lu Su Ping SrVP, General Counsel, CorpSec October 26, 2026 Sell 2,943 $221.18 $650,934
West Kenneth J Pres/CEO Process Technologies August 3, 2026 Sell pre-set plan 316 $245.47 $77,569
West Kenneth J Pres/CEO Process Technologies July 27, 2026 Sell 1,623 $243.77 $395,639
West Kenneth J Pres/CEO Process Technologies July 27, 2026 Sell 7,161 $243.77 $1.7M
West Kenneth J Pres/CEO Process Technologies July 27, 2026 Sell 2,667 $243.77 $650,135
West Kenneth J Pres/CEO Process Technologies July 27, 2026 Sell 1,731 $243.77 $421,966
West Kenneth J Pres/CEO Process Technologies July 27, 2026 Sell 2,319 $243.77 $565,303
West Kenneth J Pres/CEO Process Technologies July 27, 2026 Sell 1,531 $243.77 $373,212
West Kenneth J Pres/CEO Process Technologies March 2, 2026 Sell pre-set plan 873 $242.70 $211,877
Currier James E Pres/CEO Aero Technologies March 2, 2026 Sell 2,248 $243.65 $547,725
Lieblein Grace Director February 23, 2026 Sell pre-set plan 1,786 $243.73 $435,302

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 102 trades and filings

In the last 12 months, 6 members of Congress disclosed 3 purchases and 4 sales of Honeywell Technologies shares.

  • Pete Sessions(R-TX 17):Sale (full), $1,001 - $15,000, traded October 1, 2026, filed October 27, 2026
  • Maria Elvira Salazar(R-FL 27):Sale (partial), $1,001 - $15,000, traded September 24, 2026, filed October 7, 2026
  • Kevin Hern(R-OK 1):Sale (full), $15,001 - $50,000, traded August 31, 2026, filed September 25, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 6, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • June 29, 2026
  • April 23, 2026
  • January 29, 2026
  • December 22, 2025

Recent SEC filings

Data status

When each part of this page on Honeywell Technologies was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Honeywell Technologies in brief

What does Honeywell Technologies do?
Honeywell Technologies is a US-listed company in the industrial conglomerates industry. Its financial year ends in December.
What is Honeywell Technologies's stock ticker?
Honeywell Technologies trades under the ticker HON on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Honeywell Technologies's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Honeywell Technologies reported revenue of $33.6B, 3.9% higher than a year earlier, according to its SEC filings.
What is Honeywell Technologies's free cash flow?
Honeywell Technologies's free-cash-flow margin is 2.9% of revenue over the trailing twelve months.
Who are Honeywell Technologies's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Newport Trust Company, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Honeywell Technologies buying back stock, and does it pay a dividend?
Honeywell Technologies spent $1.1B on share repurchases over the trailing twelve months, and its diluted share count fell 1.5% over the year.
What is Honeywell Technologies's market cap?
On December 31, 2025, Honeywell Technologies's market capitalisation was about $64.9B, with a price-to-earnings ratio of 13.7 and net debt of $22.3B. Market figures come from third-party market data and may be delayed.
Does Honeywell Technologies pay a dividend?
Yes: Honeywell Technologies paid $2.6B in dividends over the trailing twelve months, a dividend yield of 3.63% and a payout ratio of 36.6%.
How much debt does Honeywell Technologies have?
Honeywell Technologies's debt-to-equity ratio is 74.0%, from its latest balance sheet (86.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Honeywell Technologies's competitors?
In our Industrial Conglomerates peer group, the companies closest to Honeywell Technologies are 3M, Icahn Enterprises L.p., Compass Diversified Holdings, Matthews International Corp and Logprostyle Inc. The side-by-side comparison below sets their revenue, margins and growth against Honeywell Technologies's.
Are insiders buying or selling Honeywell Technologies stock?
Over the last 12 months, Honeywell Technologies's directors and officers reported 0 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is Honeywell Technologies's next earnings date?
Around January 6, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Honeywell Technologies announces its own schedule.