Honeywell International Inc. (NASDAQ:HON)

The financial data exhibits several noteworthy trends across multiple years. Net sales have demonstrated a steady growth trajectory, increasing from approximately $32.6 billion in 2020 to nearly $38.5 billion in 2024. This growth is primarily driven by steady increases in both product sales and service sales segments, with service sales showing a more pronounced upward trend, rising from $7.9 billion to $12.2 billion over the period.

Cost of products sold has decreased slightly in the initial years but shows a modest increase in the latter years, moving from about $17.6 billion in 2020 to $17.2 billion in 2024. Similarly, cost of services sold has risen consistently from $4.5 billion to $6.6 billion, contributing to an overall increase in the combined cost of products and services sold. Despite this, gross profit has consistently grown each year, rising from just over $10.4 billion to approximately $14.7 billion, reflecting improved operational efficiency or favorable sales mix effects.

Research and development expenses began appearing from 2021 onwards and have fluctuated mildly around $1.3 to $1.5 billion, indicating a consistent investment in innovation and product development. Selling, general, and administrative expenses have remained relatively stable around $4.7 to $5.5 billion, with a slight upward trend evident in recent years.

Notable outliers include a one-time impairment charge of $219 million in 2024 related to assets held for sale, which may impact net profitability for that year. Operating income has shown solid growth, climbing from roughly $5.7 billion in 2020 to $7.4 billion in 2024, reinforcing the overall operational strength of the entity.

Interest income has seen a significant increase, rising from about $107 million to $426 million, which may indicate improved investment returns or higher cash balances. Pension ongoing income and other postretirement incomes have tended to decline over the period, which may suggest changes in benefit obligations or plan performance. Equity income from affiliated companies has remained mostly stable with mild fluctuations.

Various miscellaneous income and expense items reflect some volatility, including gains and losses on sales and foreign exchange impacts, with foreign exchange losses notably increasing in 2024. Charges related to external events and disputes such as the UOP Matters and the Russia-Ukraine conflict have intermittently affected earnings but tend to be relatively small in magnitude and infrequent.

Other income (expense) shows considerable variability, peaking notably in 2021 and 2023, while interest and other financial charges have grown over time from $359 million to over $1 billion in 2024, indicating increasing finance costs likely driven by debt levels or interest rates.

Income before taxes follows an overall upward trend with slight dips, rising from about $6 billion to $7.2 billion. Tax expenses have increased in nominal terms but remain proportionate to income levels. Net income has generally followed income trends, increasing from about $4.9 billion to approximately $5.7 billion, signifying consistent profitability improvements.

Net income attributable to noncontrolling interests has varied but remains relatively small, maintaining a minor impact on net earnings attributable to the company. Overall, the data depict a financially robust entity with steady sales growth, improving profitability metrics, disciplined cost control, and resilience amid fluctuating financial charges and occasional extraordinary items.