Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Honeywell International Inc., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income attributable to Honeywell1 ÷ Net sales1
Dec 31, 2025 = 100 × ÷
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Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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), 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 net profit margin exhibited a generally increasing trend from 2005 through 2019, followed by volatility and a subsequent stabilization. Initial values were below 6%, but steadily rose to exceed 16% in 2018 and 2019. A significant decline occurred in 2020, followed by a rebound, and then a leveling off in the most recent years presented.

Overall Trend (2005-2019)
From 2005 to 2019, the net profit margin demonstrated a clear upward trajectory. Starting at 5.98% in 2005, it increased to 16.73% in 2019. This indicates improving profitability over this period, potentially due to factors such as cost management, pricing strategies, or shifts in product mix.
Significant Decline (2020)
A substantial decrease in net profit margin was observed in 2020, falling to 14.64%. This coincided with a decrease in net sales, suggesting that external factors, such as economic conditions or industry-specific challenges, may have negatively impacted profitability. The decline was more pronounced in net income than in net sales, indicating a potential impact on cost of goods sold or operating expenses.
Recovery and Stabilization (2021-2025)
Following the 2020 dip, the net profit margin recovered to 16.11% in 2021. However, it subsequently decreased to 14.00% in 2022 and 15.43% in 2023 before settling at 14.82% in 2024 and 12.63% in 2025. This suggests a period of stabilization, with profitability remaining relatively consistent despite fluctuations in net sales. The recent decline from 2024 to 2025 warrants further investigation.
Peak Performance
The highest net profit margins were recorded in 2018 and 2019, at 16.18% and 16.73% respectively. These represent the periods of greatest profitability within the analyzed timeframe. The factors contributing to this peak performance should be examined to determine if they can be replicated in future periods.
Lowest Performance
The lowest net profit margin was observed in 2005, at 5.98%. This indicates a significantly lower level of profitability compared to subsequent years. The conditions prevailing in 2005 should be considered to understand the factors contributing to this lower margin.

Comparison to Competitors

Honeywell International Inc., net profit margin, 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.
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Dec 31, 2005

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), 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., net profit margin, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Honeywell International Inc. Capital Goods
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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), 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., net profit margin, long-term trends, comparison to industry (industrials)

Microsoft Excel
Honeywell International Inc. Industrials
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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), 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).