Honeywell International (HON) FY2024 results: revenue $34.7 billion, up 5.2% on the year
Honeywell International Inc. (HON) reported revenue of $34.7 billion for fiscal 2024, the year ended 31 December 2024, up 5.2% on the year before. Net income was $5.7 billion, up 0.8%, and diluted earnings per share $17.42. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$34.7 billion
+5.2% on the year
FY2017FY2024
Operating margin
22.1%
22.9% a year earlier
FY2017FY2024
Net income
$5.7 billion
+0.8% on the year
FY2017FY2024
Diluted EPS
$17.42
+2.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,097
5,340
5,274
+14.2%
Capital expenditure
871
741
766
+17.5%
Free cash flow
5,226
4,599
4,508
+13.6%
Free cash flow margin
15.1%
13.9%
12.7%
Cash from investing
-10,157
-1,293
-93.0
Cash from financing
6,839
-5,763
-6,330
Depreciation and amortisation
1,153
1,004
1,204
+14.8%
Share-based compensation
189
197
188
-4.1%
Buybacks
1,655
3,715
4,200
-55.5%
Dividends paid
2,902
2,855
2,719
+1.6%
Dividend per share
$8.74
$8.34
$7.94
+4.8%
Diluted shares, weighted
328m
334m
342m
-1.9%
Shares outstanding at period end
325m
326m
334m
-0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
18,619
15,856
16,697
+17.4%
Non-controlling interest
535
578
622
-7.4%
Debt
31,038
20,443
19,570
+51.8%
Operating lease liabilities
863
897
775
-3.8%
Finance lease liabilities
46.0
99.0
145
-53.5%
Other liabilities
24,095
23,652
24,466
+1.9%
Total liabilities and equity
75,196
61,525
62,275
+22.2%
Fixed assets
n/a
n/a
5,471
Goodwill
21,019
17,238
17,497
+21.9%
Intangible assets
6,621
3,231
3,222
+104.9%
Investments
386
170
483
+127.1%
Cash and equivalents
9,906
7,925
9,627
+25.0%
Receivables
7,247
7,530
7,440
-3.8%
Inventory
5,884
6,178
5,538
-4.8%
Other assets
24,133
19,253
12,997
+25.3%
Total assets
75,196
61,525
62,275
+22.2%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.