Honeywell International (HON) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Honeywell International

NasdaqGS•Industrials•Conglomerates

$224.05+0.28(<0.01%)After hours

Market Cap

$71.05B

P/E

10.1x

P/S

2.3x

P/B

3.2x

Honeywell International Inc. engages in the industrial automation, building automation, and energy and sustainability solutions businesses in the United States, Europe, and internationally. The Industrial Automation segment provides automation control and instrumentation products and services; smart energy products; sensing technologies, including custom-engineered sensors and related services; gas detection technologies and personal protective equipment; and system design automation equipment, as well as software and analytics for manufacturing, distribution, and fulfillment operations. The Building Automation segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and system upgrade services. The Energy and Sustainability Solutions segment, through its UOP business, delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services for refining, petrochemicals, low-carbon energy, gas and LNG, and industrial solutions, as well as connectivity, data integration, and software solutions. The company also offers Forge Cognition, a self-contained agentic AI and simulation platform for facility operations. The company was formerly known as AlliedSignal, Inc. Honeywell International Inc. was founded in 1885 and is headquartered in Charlotte, North Carolina.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (11/25).

Profitability22/25

Growth11/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality11/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.1x5y range 8.8x – 18.1x

Currently near its 20-quarter median.

P/S · 2.3x5y range 1.6x – 2.3x

Currently above its 20-quarter median.

P/B · 3.2x5y range 3.2x – 5.5x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 7.8% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Revenue Decline

Red Flag

TTM revenue has contracted 10.9% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $71.05B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $30.72B
Q. Revenue: $4.99B
TTM EBITDA: $7.44B
TTM Op. Income: $6.53B
Q. Op. Income: $1.06B
TTM Net Income: $7.05B
Q. Net Income: $664.00M
EPS: $2.09
Shares Out.: $317.50M

$30.72B in TTM revenue declined 24.5% YoY, reaching $4.99B last quarter. TTM EBITDA of $7.44B and TTM operating income of $6.53B show growth is flowing through to the bottom line. TTM net income of $7.05B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.4%
EBITDA Margin: 21.8%
Op. Margin: 21.3%
Net Margin: 13.3%

Op. margin of 21.3% is down 1.9% YoY — costs are rising relative to revenue. Net margin at 13.3% and gross margin of 40.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.1x
P/S Ratio: 2.3x
P/B Ratio: 3.2x

At 10.1x P/E, the stock trades below typical market levels. P/S of 2.3x and P/B of 3.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 6% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $53.10B
Cash: $5.69B
Long-Term Debt: $14.17B
Book Value: $22.42B
D/E Ratio: 0.6
Debt/EBITDA: 13.0

With $53.10B in assets and $14.17B in long-term debt, D/E is 0.6and book value is $22.42B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $306.00M
TTM Free Cash Flow: $1.38B
FCF Margin: 4.5%
FCF / Net Income: 0.2

TTM FCF of $1.38B on $306.00M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.