Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Honeywell Technologies

HON stock analysis · Industrials · Industrial Conglomerates

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$223.90HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$71B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$259.84

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · 16.0% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

1.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

111.2%

76 sector peers · median 31.7×

How this is calculated ↗
Valuation

Historical multiples

Requires three annual historical market caps and eligible filed earnings.

Requires three annual historical market caps and eligible filed earnings.

How this is calculated ↗
Valuation

Free cash flow yield

7.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

16.4%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

85/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

-2.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-2.2%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

2.3%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 6.4B2020-12-31: cfo $6,208,000,000.002020-12-31: capex $906,000,000.0020202021-12-31: cfo $6,038,000,000.002021-12-31: capex $895,000,000.0020212022-12-31: cfo $5,274,000,000.002022-12-31: capex $766,000,000.0020222023-12-31: cfo $5,340,000,000.002023-12-31: capex $741,000,000.0020232024-12-31: cfo $6,097,000,000.002024-12-31: capex $871,000,000.0020242025-12-31: cfo $6,408,000,000.002025-12-31: capex $986,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$325.91$355.60$387.52
10.0%$238.82$259.84$282.40
12.0%$188.41$204.45$221.64

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3137.4B4.8B6.4B986M73.7B
2024-12-3134.7B5.7B6.1B871M75.2B
2023-12-3133B5.7B5.3B741M61.5B
2022-12-3135.5B5B5.3B766M62.3B
2021-12-3134.4B5.6B6B895M64.5B
2020-12-3132.6B4.9B6.2B906M64.6B
2019-12-3136.7B6.2B6.9B839M58.7B
2018-12-3141.8B6.8B6.4B828M57.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue37.4BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-17
netIncome4.8BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-17
Parent/common earnings proxy4.7BNetIncomeLoss2026-02-17
cfo6.4BNetCashProvidedByUsedInOperatingActivities2026-02-17
capex986MPaymentsToAcquirePropertyPlantAndEquipment2026-02-17
operatingIncome8.1BOperatingIncomeLoss2026-02-17
assets73.7BAssets2026-02-17
equity15BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-17
Parent book equity proxy13.9BStockholdersEquity2026-02-17
debt29BLongTermDebt2026-02-17
shortDebt5.9BShortTermBorrowings2026-02-17
cash12.5BCashAndCashEquivalentsAtCarryingValue2026-02-17
shares642.8MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-17
dividends3BPaymentsOfDividendsCommonStock2026-02-17
buybacks3.8BPaymentsForRepurchaseOfCommonStock2026-02-17
issuanceNot reported under a supported tag