Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Honeywell International Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Noncontrolling interest (per books)
Total equity
Add: Commercial paper and other short-term borrowings (per books)
Add: Current maturities of long-term debt (per books)
Add: Long-term debt, excluding current maturities (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Honeywell International Inc., EV calculation

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Noncontrolling interest (book value)
Total equity
Add: Commercial paper and other short-term borrowings (book value)
Add: Current maturities of long-term debt (book value)
Add: Long-term debt, excluding current maturities (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-12-31), 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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Honeywell International Inc. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The information presents a five-year trend of several financial metrics, including common equity market value, total equity, total equity and debt, and enterprise value. Overall, a general upward trend is observed across most metrics, though with some fluctuations.

Enterprise Value (EV)
Enterprise value exhibited an increasing trend over the period. Starting at US$136,990 million in 2021, it rose to US$144,024 million in 2022, experienced a slight decrease to US$141,517 million in 2023, and then increased to US$152,452 million in 2024. The most significant increase occurred between 2024 and 2025, reaching US$177,023 million. This suggests growing overall company value as perceived by the market and accounting for both equity and debt.
Common Equity (Market Value)
Common equity market value generally followed an upward trajectory, mirroring the trend in enterprise value. It began at US$128,241 million in 2021, peaked at US$133,942 million in 2022, decreased to US$128,591 million in 2023, increased to US$131,771 million in 2024, and then experienced a substantial increase to US$154,247 million in 2025. This indicates positive investor sentiment and a growing market capitalization.
Total Equity
Total equity demonstrated a consistent upward trend, though less volatile than the market value of common equity. It increased from US$128,914 million in 2021 to US$134,564 million in 2022, decreased slightly to US$129,169 million in 2023, rose to US$132,306 million in 2024, and concluded at US$155,373 million in 2025. This suggests a strengthening of the company’s net asset value.
Total Equity and Debt
The combined value of total equity and debt also increased over the five-year period. Starting at US$148,513 million in 2021, it rose to US$154,134 million in 2022, decreased to US$149,612 million in 2023, increased to US$163,405 million in 2024, and reached US$189,953 million in 2025. The increase suggests the company is utilizing debt financing alongside equity to fund growth and operations.

The consistent growth in enterprise value, coupled with increases in both equity and debt, suggests a company actively expanding its operations and financial structure. The fluctuations observed in 2023 may warrant further investigation to determine the underlying causes, but the overall trend indicates positive financial performance and increasing company valuation.