How does Honeywell International (HON) make money?

Honeywell International (HON) generates revenue primarily from Aerospace, which accounted for 51.1% of total revenue in TTM through Q2 2026. The company reported $36.1B in revenue and converted 22.7% of it into net profit, equivalent to roughly $8.21B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Honeywell International (HON)?

Honeywell International (HON) reported a gross profit margin of 36.6% in TTM through Q2 2026, equivalent to $13.2B in gross profit on $36.1B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Honeywell International (HON)?

Honeywell International (HON) reported an operating profit margin of 14.1% in TTM through Q2 2026, equivalent to $5.09B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Honeywell International (HON)?

Honeywell International (HON) reported a net profit margin of 22.7% in TTM through Q2 2026, equivalent to $8.21B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Honeywell International (HON) profitable?

Yes. Honeywell International (HON) reported $8.21B in net income for TTM through Q2 2026, with a net profit margin of 22.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Honeywell International (HON) invest in research and development?

Honeywell International (HON) invested $1.91B in research and development during TTM through Q2 2026, roughly 5.3% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Honeywell International (HON) spend on capital expenditures?

Honeywell International (HON) spent $970M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 2.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Honeywell International (HON) generate?

Honeywell International (HON) generated $4.12B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 11.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Honeywell International (HON)?

Honeywell International (HON) had an effective tax rate of 19.3% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Honeywell International (HON)?

Honeywell International (HON) reports revenue across 4 reportable product segments, led by Aerospace at 51.1% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Honeywell International Makes Money: 2026 Visual Revenue Map

Honeywell International (HON) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 23, 2026).

Honeywell International discloses geographic revenue only in annual filings. to view the full breakdown.

Honeywell International (HON) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Honeywell International (HON), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Aerospace	$18.5B	51.1%
Safety And Productivity Solutions	$8.32B	23%
Home And Building Technologies	$7.89B	21.8%
Energy and Sustainability Solutions	$1.46B	4%
Total	$36.1B	100%

Aerospace$18.5B
Safety And Productivity Solutions$8.32B
Home And Building Technologies$7.89B
Energy and Sustainability Solutions$1.46B
Total$36.1B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Honeywell International (HON) reports revenue across 4 reportable product segments; the largest segment was Aerospace at 51.1%, followed by Safety And Productivity Solutions (23%) and Home And Building Technologies (21.8%).

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