HONHONEYWELL INTERNATIONAL INC
Aircraft Engines & Engine Parts
- Revenue
- $37.4B
- 7.8% YoY
- Operating margin
- 21.7%
- 1.7% YoY
- EBITDA
- $9.5B
- 7.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.4×
- $23.0B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear136% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired106% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear33% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $34.4B | $35.5B | $33.0B | $34.7B | $37.4B | 7.8% |
| Operating income | — | $8.0B | $7.6B | $7.7B | $8.1B | 6.0% |
| Net income | $5.5B | $5.0B | $5.7B | $5.7B | $4.7B | 17% |
| Operating cash flow | $6.0B | $5.3B | $5.3B | $6.1B | $6.4B | 5.1% |
| Capex | $895M | $766M | $741M | $871M | $986M | 13% |
| Stock-based comp | $217M | $188M | $197M | $189M | $196M | 3.7% |
| Buybacks | $3.4B | $4.2B | $3.7B | $1.7B | $3.8B | 130% |
| Dividends | $2.6B | $2.7B | $2.9B | $2.9B | $3.0B | 2.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 2
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 108 | 189 |
| FY2024 | — | — | 115 | 158 |
| FY2023 | — | — | 105 | 135 |
| FY2022 | — | — | 105 | 114 |
| FY2021 | — | — | 100 | 121 |