Honeywell International Inc. (HON)

NASDAQ: HON · USD

$219

+0.48 (+0.2%)· Recorded snapshot

英語版にフォールバックJA

翻訳中のため英語版を表示しています

このレポートはまだ翻訳されていません。翻訳キューが追いついたら数分後に更新してください。

StockMarketAgent Research · Analyzed 2026-10-18

Our latest published analysis: HON rated Hold

Honeywell International Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$193 / share

Potential value

$294 / share

Upside to FV

-8.5%

from $219

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$67.0B
Revenue (ttm)	37.7B
Net income (ttm)	7.1B
EPS (ttm)	$22.1
Shares out	317.4M
P/E (trailing)	9.9x
P/E (forward)	22.2x
Dividend	$2.80 (1.28%)
Volume	1,837,116
Beta	0.89

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 37.7B
Net income (ttm): 7.1B
EPS (ttm): $22.1
P/E (trailing): 9.9x
P/E (forward): 22.2x
Market cap: $67.0B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$34.39B	$35.47B	$33.01B	$34.72B	$37.44B	+2.1%
Gross profit	$12.33B	$13.12B	$3.22B	$3.42B	$3.47B	-27.2%
Operating income	$7.58B	$8.02B	$7.56B	$7.67B	$8.13B	+1.8%
Net income	$5.54B	$4.97B	$5.66B	$5.71B	$4.73B	-3.9%
EPS (diluted)	$7.82	$7.19	$8.88	$9.13	$7.72	-0.3%
EBITDA	$8.80B	$8.00B	$7.08B	$8.44B	$8.21B	-1.7%
R&D	$1.33B	$1.48B	$1.38B	$1.45B	$1.81B	+8.0%
SG&A	$4.80B	$5.21B	$4.89B	$5.24B	$5.45B	+3.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	売り
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	縮小
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	ホールド
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	ホールド
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	ホールド
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	ホールド

Base and Bull scenarios

Base55%

Price target

$193.44

-8.5% from spot

The base modal case underwrites steady organic revenue growth of 3.5% to 5.0%, led by steady mid-single-digit commercial aerospace delivery growth, robust aftermarket maintenance cycles, and normalizing catalyst shipment volumes. Consolidated operating margins expand by 250 to 290 basis points from 22.5% in FY2026 to 24.5% by FY2030, supported by 100-120 bps of operational productivity and the elimination of $60M-$65M in stranded corporate costs. Diluted EPS advances from $8.30 in FY2026 to $9.82 in FY2027 and $12.70 by FY2030, supported by disciplined share repurchases.

Organic revenue growth compounding between 3.5% and 5.0% annually
Consolidated operating margin reaching 24.5% by FY2030 (up 250-290 bps over cycle)
Diluted EPS of $8.30 in FY2026, $9.82 in FY2027, and $11.99 in FY2029
Terminal valuation multiple reflecting historical averages and a sustainable long-term terminal growth rate

Bull20%

Price target

$294.34

+39.2% from spot

In the upside scenario, commercial aerospace deliveries and aftermarket spares demand accelerate beyond expectations, driven by higher global flight hours and rapid airline fleet modernization. Concurrently, UOP proprietary catalyst shipments and global LNG project licensing surge across Africa, the Middle East, and Asia. Honeywell Forge software ARR compounds at 20%+ annually, driving consolidated operating margins above 25% and propelling adjusted EPS compounding at 14% annually toward $13.50+ by 2029.

Organic revenue growth compounding at an accelerated pace above baseline targets annually
Consolidated operating margins expanding significantly through operational leverage and portfolio transformation
Adjusted diluted EPS compounding rapidly above long-term guidance targets toward cycle-peak levels
Terminal valuation multiple expanding toward premium industrial valuation levels

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($193.44). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.7%	$211	$217	$223	$231	$240
8.2%	$197	$202	$207	$213	$219
8.7%	$186	$189	$193	$198	$203
9.2%	$176	$179	$182	$186	$190
9.7%	$168	$170	$173	$176	$179

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E22.2

P25 n/aP50 n/aP75 n/a

Trailing P/E7.8

P25 n/aP50 n/aP75 n/a

ROE44.4

P25 n/aP50 n/aP75 n/a

ROIC16

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All HON indicators

Market & fundamental data

Available fields

282

Groups with data

Currency

USD

Showing 282 of 282 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000773840
Company name	Honeywell International Inc.
Country	United States
Country code	US
CUSIP number	438516205
Earnings date	2026-10-22
Earnings time	bmo
Employees	101,000
Employees change	-1,000
Employees growth	-0.98%
Enterprise value	$80.6B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1885
In index	SP500, NASDAQ100, DOW30
Industry	Conglomerates
Is primary listing	Yes
Is SPAC	No
ISIN number	US4385162056
Last 10-K release date	2026-02-17
Last earnings date	2026-10-22
Last refreshed	2026-10-28
Last stock split date	2026-06-29
Last stock split type	Reverse
Market cap	$69.6B
Market cap category	Large-Cap
Next earnings date	2027-01-28
Options	Yes
Price	$219.29
Price currency	USD
Sector	Industrials
SIC code	3724
Stock price date	2026-10-28
Symbol	HON
U.S. state	North Carolina
Website	https://www.honeywell.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	15.33x
Average P/E ratio (10Y)	26.87x
Average P/E ratio (3Y)	22.72x
Average P/E ratio (5Y)	23.48x
Earnings yield	10.08%
EV/Earnings	11.47x
EV/EBIT	10.58x
EV/EBITDA	8.97x
EV/FCF	83.65x
EV/Sales	2.14x
FCF / EV yield	1.2%
FCF yield	1.38%
Forward EV/Sales	4.03x
Forward P/E	23.05x
Forward P/S	3.48x
Graham number	187.41679
Graham upside	-14.83%
Industry forward P/E	18.14x
Industry P/E	16.07x
Lynch fair value	$114.93
Lynch upside	-47.77%
P/(FCF - SBC) ratio	99.19x
P/(OCF - SBC) ratio	41.47x
P/B ratio	3.1x
P/E ratio	9.92x
P/FCF ratio	72.21x
P/OCF ratio	35.87x
P/S ratio	1.85x
PEG ratio	1.48x
Price/EBITDA ratio	7.74x
Sector forward P/E	26.03x
Sector P/E	40.37x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	20.26%
EBITDA margin	23.89%
Effective tax rate	17.93%
FCF margin	2.56%
Gross margin	37.21%
Operating margin	20.26%
Pretax margin	28.95%
Profit margin	18.68%
Profit per employee	$69,822
Profitable quarters	3
Profitable years	23
Revenue per employee	$373,693
ROA	7.13%
ROA (5Y)	6.69%
ROCE	20.03%
ROE	44.39%
ROE (5Y)	28.17%
ROIC	16.03%
ROIC (5Y)	18.05%
SBC / revenue	0.7%
Tax / revenue	5.19%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	16.78%
EPS growth (Q)	-63.62%
EPS growth 10Y	5.63%
EPS growth 3Y	11.09%
EPS growth 5Y	7.3%
EPS growth years	0
FCF growth	-86.21%
FCF growth (Q)	-98.74%
FCF growth 3Y	-36.82%
FCF growth 5Y	-28.71%
Gross profit growth	72.53%
Gross profit growth (Q)	13.75%
Gross profit growth 3Y	0.48%
Gross profit growth 5Y	4.63%
Net income growth	15.06%
Net income growth (Q)	-63.62%
Net income growth 3Y	9.21%
Net income growth 5Y	5.2%
Net income growth years	0
OCF growth	-73.99%
OCF growth (Q)	-96.38%
OCF growth 10Y	-9.73%
OCF growth 3Y	-25.72%
OCF growth 5Y	-20.57%
Operating income growth	176.6%
Operating income growth (Q)	67.33%
Operating income growth 3Y	0.48%
Operating income growth 5Y	0.28%
Revenue growth	79.64%
Revenue growth (Q)	1.32%
Revenue growth 10Y	-0.4%
Revenue growth 3Y	1.21%
Revenue growth 5Y	1.73%
Revenue growth quarters	4
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-980M
Depreciation and amortization	$1.4B
EBIT	$7.6B
EBITDA	$9B
EPS	$22.10
FCF per share	$3.05
Financing cash flow	$-7.3B
Free cash flow	$967M
Free cash flow minus SBC	$704M
Gross profit	$14B
Income taxes	$2B
Investing cash flow	$-1.8B
Net borrowing	$-20.5B
Net cash flow	$-7.2B
Net income	$7.1B
Operating cash flow minus SBC	$1.7B
Operating income	$7.6B
Revenue	$37.7B
Stock-based compensation	$263M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.09
Book value per share	$70.64
Debt / EBITDA	1.86
Debt / equity	0.76
Debt / FCF	17.83
Goodwill	$17.6B
Interest coverage	6.33
Long-term assets	$38.8B
Long-term liabilities	$15.5B
Net cash (debt)	$-11.1B
Net cash / market cap	-15.83%
Net debt / EBITDA	1.23
Net debt / equity	0.49
Net debt / FCF	11.43
Piotroski F-Score	5
Property, plant and equipment	$3.3B
Shareholders' equity	$22.7B
Tangible book value	$-586M
Tangible book value per share	$-1.85
Total assets	$53.1B
Total cash	$6.2B
Total debt	$17.2B
Total liabilities	$30.4B
WACC	8.46%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.56
Current assets	$14.3B
Current liabilities	$14.9B
Current ratio	0.96
Inventory turnover	5.17
Net working capital	$-439M
Quick ratio	0.76
Working capital	$-595M
Working capital turnover	10.05

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.31%
Dividend growth	-32.75%
Dividend growth (10Y)	2.31%
Dividend growth (3Y)	-9.61%
Dividend growth (5Y)	-3.96%
Dividend growth years	15
Dividend payment date	2026-12-04
Dividend payment years	42
Dividend payout frequency	Quarterly
Dividend per share	$2.80
Dividend yield	1.28%
Ex-dividend date	2026-11-13
FCF payout ratio	202.16%
Last dividend	$0.70
Payout ratio	27.87%
Shareholder yield	2.58%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	112.15%
10Y return CAGR	10.04%
10Y total return	160.39%
150-day SMA	$226.44
15Y price change	327.49%
15Y return CAGR	12.55%
15Y total return	489.07%
1D price change	0.22%
1M price change	2.91%
1M total return	2.91%
1W price change	2.54%
1W total return	2.54%
1Y price change	2.89%
1Y return CAGR	4.91%
1Y total return	4.91%
20-day SMA	$212.90
200-day SMA	$230.76
20Y price change	445.83%
20Y return CAGR	11.34%
20Y total return	757.03%
3M price change	-10.99%
3M total return	-10.72%
3Y price change	25.02%
3Y return CAGR	9.97%
3Y total return	32.99%
50-day SMA	$211.61
50-day SMA vs 200-day SMA	50under200
52-week high	$260.28
52-week high date	2026-03-02
52-week low	$195.87
52-week low date	2025-11-20
5Y price change	2.58%
5Y return CAGR	2.59%
5Y total return	13.64%
6M price change	-1.64%
6M total return	-0.8%
All-time high	$260.28
All-time high date	2026-03-02
All-time low	$3.82
All-time low date	1970-05-26
Average true range (ATR)	$5.24
Average volume	2.5M
Beta (1Y)	0.11
Beta (2Y)	0.54
Beta (5Y)	0.89
Change from 52-week high	-15.75%
Change from 52-week low	11.96%
Change from all-time high	-15.96%
Change from all-time low	5,629.18%
Change from open	0.18%
Day's gap	0.04%
Dollar volume	$402.9M
High price	$220.00
Low price	$217.00
Monthly RSI	49.83
Open price	$218.89
Position in 52-week range	76.33%
Premarket change	-0.63%
Premarket close	$218.81
Premarket price	$217.43
Previous close	$218.81
Price vs 150-day SMA	-3.4%
Price vs 20-day SMA	2.74%
Price vs 200-day SMA	-5.21%
Price vs 50-day SMA	3.37%
Relative volume	0.72
RSI	60.66
Sharpe ratio	0.16
Sharpe ratio (3Y)	0.33
Sharpe ratio (5Y)	0.02
Sortino ratio	0.45
Sortino ratio (3Y)	0.72
Sortino ratio (5Y)	0.27
Volume	1.8M
Weekly RSI	48.2
YTD price change	6.91%
YTD total return	8.35%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	298.1M
Float percentage	93.93%
Shares change (YoY)	-1.31%
Shares held by insiders	0.06%
Shares held by institutions	84.26%
Shares outstanding	317.4M
Short % of float	2.64%
Short % of shares	2.48%
Short ratio	2.5 days

Deeper analysis on HON

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this HON report

What is the latest published HON stock rating?

Honeywell International Inc. is shown with Hold in the latest published report, analyzed 2026-10-18. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full HON analysis?

The full latest published report, analyzed 2026-10-18, lives at /stocks/HON/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for HON?

The latest published report analyzed 2026-10-18 gives HON a fair value of USD 193 and a potential value of USD 294. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the HON page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-18). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldHON · Fair value $193-8.5%

Read full analysis →

Honeywell International Inc. (HON)

Our latest published analysis: HON rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · HON

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All HON indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on HON

Frequently asked questions

レーティング履歴

Category	Score	Reading
Valuation	4.5
Management	9.5
Balance Sheet	3.5
Profitability	7.5
Revenue Growth	4.5
Risk Assessment	6.0
Competitive Moat	9.0
Earnings Quality	9.0
Capital Efficiency	5.5