HON logo Honeywell International +
Ticker
HON
MMM
Headquarter
Charlotte ,NC
US
Saint Paul ,MN
US
CEO
Vimal Kapur
William Brown
Industry
Conglomerates
Conglomerates
Stock Price
Stock Price
Market Cap
Market Cap
$151.34 B
$90.93 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Employees
  • 97.00 K
  • 95.00 K
  • 102.00 K
  • 85.00 K
  • 61.50 K
  • 60.50 K
Y/Y
2.02%
2.06%
7.37%
7.61%
27.65%
1.63%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $36.65 B
  • $38.50 B
  • $37.44 B
  • $24.61 B
  • $24.58 B
  • $24.95 B
Y/Y
3.37%
5.05%
2.74%
28.1%
0.14%
1.52%
Revenue by Products / Services
Years
  • 2024
  • 2025
Revenue by Geography
Years
  • 2024
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • $1.46 B
  • $1.54 B
  • $1.81 B
  • $1.12 B
  • $1.07 B
  • $1.17 B
Y/Y
1.49%
5.49%
17.97%
39.49%
4.72%
9.25%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $7.87 B
  • $7.87 B
  • $6.61 B
  • $4.05 B
  • $4.93 B
  • $4.56 B
Y/Y
8.83%
0.04%
16%
0.64%
21.84%
7.46%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 20.77%
  • 20.42%
  • 17.98%
  • 25.48%
  • 16.65%
  • 22.50%
Y/Y
6.16%
1.68%
11.98%
166.56%
34.64%
35.12%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $5.66 B
  • $5.71 B
  • $5.14 B
  • -$7.00 B
  • $4.17 B
  • $3.25 B
Y/Y
13.93%
0.83%
9.92%
221.08%
159.66%
22.12%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Revenue Per Employee
  • $377.80 K
  • $405.22 K
  • $367.08 K
  • $289.12 K
  • $405.66 K
  • -
Y/Y
5.5%
7.26%
9.41%
8.08%
40.31%
100%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2024
  • 2025
  • 2026
Net Income Per Employee
  • $58.33 K
  • $60.05 K
  • $50.38 K
  • $49.09 K
  • $52.85 K
  • -
Y/Y
16.28%
2.95%
16.1%
164.57%
7.64%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $61.53 B
  • $75.20 B
  • $74.12 B
  • $50.58 B
  • $39.87 B
  • $37.73 B
Y/Y
1.2%
22.22%
1.44%
8.88%
21.18%
5.36%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $45.08 B
  • $56.04 B
  • $58.68 B
  • $45.71 B
  • $35.97 B
  • $32.99 B
Y/Y
0.3%
24.29%
4.71%
44.27%
21.3%
8.31%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$1.04 B
  • -$1.16 B
  • -$986.00 M
  • -$1.62 B
  • -$1.18 B
  • -$910.00 M
Y/Y
35.64%
12.03%
15.29%
7.66%
26.87%
22.95%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 21.48%
  • 20.44%
  • 17.66%
  • 16.44%
  • 20.07%
  • 18.29%
Y/Y
5.29%
4.84%
13.63%
38.2%
22.02%
8.85%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 15.44%
  • 14.82%
  • 13.73%
  • -28.42%
  • 16.98%
  • 13.03%
Y/Y
10.22%
4.01%
7.39%
268.41%
159.74%
23.28%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $9.10 B
  • $9.61 B
  • $8.68 B
  • -$8.91 B
  • $7.23 B
  • $5.85 B
Y/Y
13.79%
5.55%
9.64%
202.12%
181.13%
19.02%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $4.30 B
  • $4.93 B
  • $5.39 B
  • $5.07 B
  • $638.00 M
  • $1.40 B
Y/Y
4.59%
14.69%
9.32%
31.83%
87.4%
118.81%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 35.68%
  • 30.64%
  • 33.28%
  • -145.52%
  • 108.62%
  • 68.46%
Y/Y
19.98%
14.13%
8.63%
470.83%
174.64%
36.97%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 9.20%
  • 7.59%
  • 6.93%
  • -13.83%
  • 10.47%
  • 8.61%
Y/Y
15.32%
17.5%
8.61%
211.21%
175.69%
17.71%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 135.82%
  • 173.08%
  • 223.96%
  • 348.47%
  • 355.52%
  • 275.12%
Y/Y
10.43%
27.43%
29.4%
204.37%
2.02%
22.62%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $152.65 B
  • $168.69 B
  • $144.47 B
  • $61.64 B
  • $79.16 B
  • $93.24 B
Y/Y
2.16%
10.51%
14.36%
11.87%
28.42%
17.79%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 4.17
  • 4.38
  • 3.58
  • 2.50
  • 3.22
  • 3.74
Y/Y
5.34%
5.2%
18.27%
22.57%
28.6%
16.03%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 16.77
  • 17.56
  • 15.84
  • -6.92
  • 10.96
  • 15.94
Y/Y
14.02%
4.7%
9.78%
186.3%
258.3%
45.45%