# Honeywell International Inc. (HON) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Industrial Conglomerates. Price $209.61, market value $66.4 billion.

## Valuation
- **P/E (trailing): 8.1×** (5-yr avg 20.2×, 3-yr avg 25.2×). Honeywell International Inc. trades at 8.1× trailing earnings, well below its own five-year average of 20.2×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 21.1×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.4×**. Enterprise value is 9.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.2%** (5-yr avg 5.2%). Free cash flow equals 6.2% of the market value, above its five-year average of 5.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 12.4%**. The inverse of the P/E: 12.4% of the price is earned each year.

## Profitability
- **Operating margin: 22.0%**. 22.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 12.6%**. 12.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.0%**. 34.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 17.8%**. Return on all capital, debt included, is 17.8%: comfortably above what that capital costs.
- **Return on assets: 11.1%**. Each dollar of assets produces 11.1% of profit.

## Growth
- **Revenue growth (1 yr): 7.8%** (3-yr 1.8%/yr, 5-yr 2.8%/yr). Revenue grew 7.8% over the last year, against 2.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -15.5%** (3-yr -20.3%/yr, 5-yr -11.3%/yr). Earnings per share fell 15.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 6.3%/yr**. Free cash flow has compounded at 6.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 2.49**. Debt is 2.49 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.3×**. It would take 2.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.34%** ($9.40 per share, trailing). Honeywell International Inc. yields 1.34%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 63%** (74% of free cash flow). 63% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 5.1%/yr** (1-yr 6.5%). The dividend has grown 5.1% a year over five years.

## Analyst view
- **Analyst consensus: buy** (22 analysts). 22 analysts cover Honeywell International Inc.; the consensus is buy, with an average price target of $264.09 (+26% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 0.2%** (YTD 3.5%, 3-mo -6.6%). The shares are up 0.2% over twelve months including dividends.
- **From 52-week high: -19.5%** (7.0% above the low). Trading 19% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.76** (volatility 27%). Beta of 0.76 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HON · Page: https://foliofundamentals.com/stocks/hon

Not investment advice.