Honeywell Technologies (HON) stock
Industrials · Industrial Conglomerates
Honeywell Technologies (HON) is an Industrial Conglomerates company in the Industrials sector, headquartered in Charlotte, North Carolina. As of October 23, 2026, HON closed at $221.15, a market capitalization of $70.09 billion, the 180th largest company in the S&P 500. Over the last twelve months it generated $37.74 billion in revenue (+1% year over year) and $4.01 billion in free cash flow. The stock trades at 11.0x trailing earnings and 22.5x forward earnings.
- 1-year total return: +3.4% (dividends reinvested)
- 5-year return: +2.7% a year
- 52-week range: $195.87 – $260.28
- Gross margin 37.2%, operating margin 16.9%
- Dividend yield: 1.27%, 15 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 31st largest of 83 Industrials stocks in the S&P 500
HON price chart
1Y price change: +1.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| HON | +4.0% | +9.5% | +3.4% | +9.7% | +2.7% | +10.2% | +8.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
HON key statistics
- Market cap
- $70.1B
- #180 in S&P 500
- P/E (TTM)
- 11.0x
- Forward P/E
- 22.5x
- EPS (TTM)
- $20.17
- Revenue (TTM)
- $37.7B
- +1%
- Free cash flow
- $4.0B
- Gross margin
- 37.2%
- Operating margin
- 16.9%
- Return on equity
- 44.4%
- Dividend yield
- 1.27%
- 52-week range
- $195.87 – $260.28
- Beta
- 0.89
- Price / sales
- 1.9x
- EV / EBITDA
- 9.0x
- Debt / equity
- 0.76x
- Employees
- 101,000
HON report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth1.3%D
- Gross margin37.2%C
- Operating margin16.9%C
- FCF margin10.6%C
- Return on equity44.4%A
- Net debt / EBITDA1.2xC
- Forward P/E22.5xC
- PEG ratio3.3xF
- Shareholder yield6.7%A
- Share count change / yr-3.2%A
Honeywell International financials
Revenue went from $39.3B in fiscal 2016 to $37.4B in fiscal 2025, shrinking 0.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.3B | $40.5B | $41.8B | $36.7B | $32.6B | $34.4B | $35.5B | $33.0B | $34.7B | $37.4B |
| Gross profit | $12.2B | $12.4B | $12.8B | $12.4B | $10.5B | $12.3B | $13.1B | $12.4B | $13.4B | $13.8B |
| Operating income | — | — | — | — | — | — | $8.0B | $7.6B | $7.7B | $8.1B |
| Net income | $4.8B | $1.5B | $6.8B | $6.1B | $4.8B | $5.5B | $5.0B | $5.7B | $5.7B | $4.7B |
| EPS (diluted) | $6.14 | $1.98 | $8.88 | $8.31 | $6.64 | $7.82 | $7.19 | $8.88 | $9.13 | $7.72 |
| Free cash flow | $4.4B | $4.9B | $5.6B | $6.1B | $5.3B | $5.1B | $4.5B | $4.6B | $5.2B | $5.4B |
| Buybacks | $2.1B | $2.9B | $4.0B | $4.4B | $3.7B | $3.4B | $4.2B | $3.7B | $1.7B | $3.8B |
| Dividends paid | $1.9B | $2.1B | $2.3B | $2.4B | $2.6B | $2.6B | $2.7B | $2.9B | $2.9B | $3.0B |
| Diluted shares | 784.3M | 781.1M | 761.8M | 738.8M | 719.5M | 708.6M | 691.1M | 637.1M | 624.8M | 612.9M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into HON?
A reverse DCF asks what growth the current price requires. With an enterprise value of $81.1B and $4.0B of trailing free cash flow, Honeywell International needs to grow free cash flow about 10.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 0.4% a year over the last five years.
P/E ratio history
Current 28.7x vs. median 22.8x (10th–90th percentile 18.3x–33.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
HON dividend
- Dividend yield
- 1.27%
- Annual dividend
- $2.80
- Years of increases
- 15
- 5-yr dividend growth
- 5.1%
- per year
- Payout ratio
- 39%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
HON earnings
Next report: January 28, 2027. Honeywell International has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $2.16 | $2.27 | +4.9% |
| Jul 23, 2026 | $1.82 | $1.95 | +7.2% |
| Apr 23, 2026 | $4.64 | $4.90 | +5.5% |
| Jan 29, 2026 | $5.07 | $5.18 | +2.1% |
| Oct 23, 2025 | $5.13 | $5.64 | +9.9% |
| Jul 24, 2025 | $5.32 | $5.50 | +3.4% |
| Apr 29, 2025 | $4.42 | $5.02 | +13.6% |
| Feb 6, 2025 | $4.69 | $4.94 | +5.3% |
Stocks like HON
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|---|---|---|---|---|---|
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HON news
- Honeywell Technologies CEO Says Business Is Growing Faster Than Expected · Oct 24, 2026
- Honeywell (HON) Q3 Earnings Put Margin Expansion Center Stage · Oct 24, 2026
- Honeywell Technologies: 3 Key Takeaways for Long-Term Investors · Oct 24, 2026
- Honeywell's 2027 Outlook Strengthens on Segment Growth, Cost Cuts, RBC Says · Oct 23, 2026
- Honeywell aims fire prevention products at battery installations, data centers · Oct 23, 2026
HON stock FAQ
What is HON's market cap?
Honeywell Technologies's market capitalization is $70.09 billion as of October 23, 2026, ranking 180th in the S&P 500.
What is HON's P/E ratio?
HON trades at a trailing price-to-earnings ratio of 11.0x and a forward P/E of 22.5x. Its median P/E over the period we track is 22.8x.
Does HON pay a dividend?
Yes. Honeywell Technologies pays $2.80 per share a year, a 1.27% yield. It has raised its dividend 15 years in a row. Dividends grew 5.1% a year over the last five years.
How much has HON stock returned?
Including reinvested dividends, HON returned +3.4% over one year, +2.7% a year over five years, +10.2% a year over ten years through October 23, 2026.
Is HON stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Honeywell Technologies must grow free cash flow about 11% a year for the next decade. Its free cash flow grew 0% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does HON report earnings?
Honeywell Technologies is expected to report earnings on January 28, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does Honeywell Technologies have?
Honeywell Technologies has about 101,000 full-time employees, or $373,693 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology