Honeywell International Inc (HON)
Industrials · Industrial Conglomerates · US stock · S&P 500 component
$211.41
▲ +0.91 (0.43%)
Fair valueUndervalued
$452 +113.8% to fair value
$226fair band $316–$588$678
Day's range
$210.66 – $213.50
52-week range
$193.26 – $258.09
About Honeywell International Inc
Honeywell is a diversified industrial technology company. Its businesses make aerospace components, building automation and safety systems, industrial automation equipment, process technologies and performance materials. Revenue comes from selling products, software and services to aircraft makers, airlines, building owners and industrial plants, with long-term service and aftermarket work adding recurring income to new equipment sales.
Revenue over the last twelve months came to $38.1 billion. Revenue growth over three years averaged 1.8% a year. Operating margin is 20.7% and return on invested capital is 14%. Net debt to EBITDA is 2.8 times. It pays a dividend with a yield of 2.0%. The X-Ray Score is 54 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $193.26 – $258.09Volume 2,939,500Daily, split-adjusted
Vitals
Market cap$67.4B
52-week range$193.26 – $258.09
Volume (last day)2,939,500
P/E (TTM)14.4
EBIT / EV yield8.4%
Free-cash-flow yield6.0%
Dividend yield2.0%
Revenue (TTM)$38.1B
Net income (TTM)$8.2B
Operating margin20.7%
Return on capital14.2%
Debt incl. leases$35.0B
Cash & securities$9.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$452model spread $432 – $473
Undervalued
+113.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $211
Undervalued < $316Fair $316 – $588Overvalued > $588
10-year DCF (market-scaled)
$332
Peer multiples
$456
Earnings power floor (not blended)
$167
Fundamentals-adjusted multiple
$568
Growth the price implies
3.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Strong
91/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield8.4%
Free-cash-flow yield6.0%
Fair value vs price2.1×
Growth
Weak
38/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)1.8%
EPS growth (3y)0.4%
Growth consistency70%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital14.2%
Operating margin20.7%
Gross profitability18.0%
Financial health
Weak
40/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA2.8×
Interest coverNo interest cost
Dividends
Fair
55/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.0%
Dividends vs free cash flow34%
Dividend growth3.1%
Quarterly results: last 6 quarters
+9.4%
Mar '25
+8.7%
Jun '25
+7.0%
Sep '25
+6.4%
Dec '25
+2.4%
Mar '26
+4.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.7B, diluted EPS $17.83.
Compare with peers
MMM 3m Co40 DD DuPont de Nemours, Inc...18Other Industrial Conglomerates companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 5 Average · ● 6 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $34.4B | $35.5B | $33.0B | $34.7B | $37.4B |
| Operating income | $7.2B | $8.0B | $7.6B | $7.7B | $8.1B |
| Net income | $5.5B | $5.0B | $5.7B | $5.7B | $4.7B |
| Operating cash flow | $6.0B | $5.3B | $5.3B | $6.1B | $6.4B |
| Operating margin | 21.0% | 22.6% | 22.9% | 22.1% | 21.7% |
| Free cash flow | $5.1B | $4.5B | $4.6B | $5.2B | $5.4B |
| Diluted EPS | $7.91 | $7.27 | $8.47 | $8.71 | $7.36 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
5 bullish · 4 neutral · 7 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 209.6 | Bullish |
| EMA 10 | 209.7 | Bullish |
| SMA 20 | 210.6 | Bullish |
| EMA 20 | 210.2 | Bullish |
| SMA 50 | 214.5 | Bearish |
| EMA 50 | 214.6 | Bearish |
| SMA 100 | 224.2 | Bearish |
| EMA 100 | 220.0 | Bearish |
| SMA 200 | 229.2 | Bearish |
| EMA 200 | 222.1 | Bearish |
Oscillators (daily)
| RSI (14) | 50.85 | Neutral |
| MACD (12, 26) | -1.10 | Bearish |
| Momentum (12) | 0.22 | Bullish |
| Stochastic %K (14) | 60.34 | Neutral |
| Williams %R (14) | -39.66 | Neutral |
| CCI (20) | 49.71 | Neutral |
Pivot points (classic, last session)
S3 207.4 | S2 209.0 | S1 210.2 | Pivot 211.9 | R1 213.1 | R2 214.7 | R3 215.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.27 USD
Yield on today's price
2.02%
Frequency
Quarterly
Next ex-dividend date
13 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 13 Nov 2026 (upcoming) | 0.7000 |
| 14 Aug 2026 | 0.7000 |
| 15 May 2026 | 1.1900 |
| 27 Feb 2026 | 1.1900 |
| 14 Nov 2025 | 1.1900 |
| 15 Aug 2025 | 1.1300 |
| 16 May 2025 | 1.1300 |
| 28 Feb 2025 | 1.1300 |
| 15 Nov 2024 | 1.1300 |
| 16 Aug 2024 | 1.0800 |
| 16 May 2024 | 1.0800 |
| 29 Feb 2024 | 1.0800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
HON SEC filings
19 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
24 Jul 2026
10-Q/ASEC EDGAR
Quarterly report
23 Jul 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations
29 Jun 2026
8-KSEC EDGAR
Entered a material agreement; Completed an acquisition or disposal
15 Jun 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
5 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure; Other events
2 Jun 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.