# Honeywell International, Inc. (HON) — Stock CV

Honeywell International, Inc. is a $65.9B industrial company. Revenue shrank 9.7% over the last year, it keeps 23¢ of every dollar of sales as profit, and its net debt equals ~4.8 years of free cash flow. It trades at 7.6× earnings — near the lowest of its own history.

> Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot.

## Identity

- **Ticker**: HON
- **Sector**: Industrials
- **Industry**: Aircraft Engines & Engine Parts
- **Headquarters**: CHARLOTTE, NC
- **Employees**: 101 000
- **Website**: https://www.honeywell.com
- **Market cap**: $65.9B
- **Last price**: $208.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $36.1B
- **Net income**: $8.21B
- **Free cash flow**: $4.15B
- **Net debt**: $20.1B
- **P/E**: 7.6
- **Revenue growth (YoY)**: -9.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 6 |
| Profitability | 87 |
| Health | 60 |
| Quality | 75 |
| Moat | 75 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [ ] Revenue growing — -9.7% YoY
- [x] Profitable — $8.21B TTM
- [x] Profit growing — +3.2% YoY
- [x] Generates cash — $4.15B TTM
- [x] Debt under control — ~4.8y of cash flow to repay
- [x] Established company — $65.9B market cap
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 2.2 — grey
- [x] Pays a dividend — yield 4.67%
- [x] Valuation not extreme — P/E 7.6

## Experience (career milestones)

- **2026** — Honeywell Technologies completed its acquisition of Johnson Matthey's Catalyst Technologies business…
- **2023** — Honeywell agreed to acquire Carrier Global's security business for approximately $5 billion
- **FY2018** — Best year on record: $6.76B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $39.3B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2010** — Honeywell outbid UK-based Cinven and acquired the French company Sperian Protection for $1.4 billion
- **1999** — The corporation's name, Honeywell International Inc., is a product of the merger of Honeywell Inc
- **1953** — In cooperation with the USAF Wright-Air Development Center, Honeywell developed an automated control unit
- **1941** — Minneapolis-Honeywell developed a superior tank periscope, camera stabilizers
- **1936** — This expansion into international markets continued in 1936, with its first distributorship in London
- **1934** — 1934 marked Minneapolis-Honeywell's first foray into the international market
- **1931** — Minneapolis-Honeywell began a period of expansion and acquisition when it purchased the Time-O-Stat…
- **1922** — As Honeywell's company grew, thanks in part to the acquisition of Jewell Manufacturing Company in 1922 to better…

## Strengths

- Strongly profitable — 22.7% net margin
- Interest covered 7.8× by operating earnings

## Watch-outs

- Revenue shrinking 9.7% year over year
- Net debt would take ~6.2 years of free cash flow to repay

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $34.4B | $5.54B | $5.14B |
| FY2022 | $35.5B | $4.97B | $4.51B |
| FY2023 | $36.7B | $5.66B | $4.30B |
| FY2024 | $38.5B | $5.71B | $4.93B |
| FY2025 | $37.4B | $4.73B | $5.42B |

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Source: https://stockcv.com/HON — derived from company filings; may be delayed or incomplete. Information, not investment advice.