Company Overview
Honeywell International is an industrial conglomerate that sells a mix of products, systems, and services across multiple end markets. The business is built around large, long-lived customer needs where reliability and ongoing support matter. With a USD 143.1 billion market cap, it sits firmly in the large-cap industrial group. Its scale and breadth make it a company investors often evaluate through durability and capital discipline rather than a single product cycle.
Analysis of recent data
FundamentalsIn 2025, reported in USD, revenue was USD 37.4 billion with net income of USD 4.47 billion, reflecting a 12.74% trailing net margin. Revenue declined 2.7% versus the prior year, while trailing operating margin was 16.35% and gross margin 36.75%.
From a balance-sheet angle, year-end cash of USD 12.5 billion exceeded total debt of USD 7.4 billion. Capital spending was USD 986 million, with depreciation and amortization of USD 546 million.
Valuation
DCF / MultiplesThe shares trade at USD 225.17, above the DCF range that runs from USD 131.25 in a weaker outcome to USD 168.16 centrally and USD 205.70 in a stronger outcome. Headline pricing also sits alongside a 27.85 P/E and 20.24 EV/EBITDA on a trailing basis.
Conclusion
TakeawayThe balance sheet looks cash-heavy relative to debt. Today’s price asks for that resilience to keep showing up. Margins need to hold while revenue stabilizes. If profitability fades, the valuation has less room to absorb it.