Honeywell International Inc. (HON) stock analysis
Company overview and business model
Source fact: Honeywell International Inc. engages in the industrial automation, building automation, and energy and sustainability solutions businesses in the United States, Europe, and internationally. The Industrial Automation segment provides automation control and instrumentation products and services; smart energy products; sensing technologies, including custom-engineered sensors and related services; gas detection technologies and personal protective equipment; and system design automation equipment, as well as software and analytics for manufacturing, distribution, and fulfillment operations. The Building Automation segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and system upgrade services. The Energy and Sustainability Solutions segment, through its UOP business, delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services for refining, petrochemicals, low-carbon energy, gas and LNG, and industrial solutions, as well as connectivity, data integration, and software solutions. The company was formerly known as AlliedSignal, Inc. Honeywell International Inc. was founded in 1885 and is headquartered in Charlotte, North Carolina.
Classification: NASDAQ · Industrials · Conglomerates
Revenue and growth
Source fact: Revenue was USD 37.44 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +7.8% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 4.73 billion in the latest reported period.
Source metric: Reported net margin was 12.6%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 12.49 billion.
Source fact: Total debt was USD 35.56 billion.
Source metric: Current ratio was 1.30x.
Cash-flow analysis
Source fact: Operating cash flow was USD 6.41 billion.
Source fact: Free cash flow was USD 5.42 billion.
Valuation
Source metrics: Trailing P/E 8.42x; Forward P/E 21.92x; Price to book 3.74x; Price to sales 1.82x; EV/EBITDA 11.32x.
Caverian model output: Value score was 60/100.
Competitive position
Classification: Peer context: Conglomerates within Industrials.
Caverian model output: Quality score was 64/100.
Caverian model output: Growth score was 49/100.
Material risks
Caverian calculation: Altman Z-score was 2.61 (grey zone).
Caverian calculation: Piotroski F-score was 5/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles