Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Honeywell International Inc., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income attributable to Honeywell1 ÷ Total Honeywell shareowners’ equity1
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
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Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The analysis of financial data over the observed period reveals several noteworthy patterns and fluctuations in the company's profitability and equity position.

Net Income Trends
Net income demonstrates a general upward trend from 2005 through 2016, increasing from approximately $1.7 billion to close to $4.8 billion, indicating sustained profitability growth over this initial period. A notable exception occurs in 2013 when net income drops sharply to approximately $1.7 billion from $4.8 billion in the previous year, signaling a significant one-time decrease or anomaly. Following this, net income rebounds strongly, peaking around $6.8 billion in 2018. Subsequently, net income experiences some variability but remains generally elevated, exceeding $5 billion in the most recent years.
Total Shareowners’ Equity
Shareholders' equity shows volatility with an initial decline from about $11.3 billion in 2005 to approximately $7.2 billion in 2008, which may reflect market challenges or operational impacts. Following 2008, equity increases steadily, reaching a peak of roughly $19.4 billion in 2016. After this peak, equity declines slightly but remains relatively stable between $15.9 billion and $18.6 billion in the later years, suggesting overall maintained capital strength despite fluctuations.
Return on Equity (ROE)
ROE exhibits substantial variability across the periods. There is a marked increase from around 15% in 2005 to nearly 39% in 2008, indicating strong efficiency in generating returns from equity early in the timeline. After some fluctuations, ROE dips to a low of around 9.6% in 2017, coinciding with the net income drop noted previously. Thereafter, ROE climbs again, reaching highs of approximately 36% in 2023 and maintains a strong level above 30% in 2024, reflecting improved profitability relative to equity in recent years.
Overall Insights
The data suggests the company experienced periods of both strong growth and notable disruptions impacting net income and equity. Despite some volatility, especially around 2013 and 2017, the overall trend points toward recovery and sustained profitability with a resilient equity base. The return on equity indicates effective capital utilization, especially in later years, improving shareholder value.

Comparison to Competitors

Honeywell International Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel
Honeywell International Inc. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Lockheed Martin Corp. RTX Corp.
Dec 31, 2024
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Dec 31, 2018
Dec 31, 2017
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Honeywell International Inc., ROE, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Honeywell International Inc. Capital Goods
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
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Dec 31, 2013
Dec 31, 2012
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Honeywell International Inc., ROE, long-term trends, comparison to industry (industrials)

Microsoft Excel
Honeywell International Inc. Industrials
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).