Honeywell International Inc (HON)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 14,662,000 13,667,000 11,641,000 10,998,000 10,468,000
Revenue US$ in thousands 38,498,000 36,662,000 35,466,000 34,392,000 32,637,000
Gross profit margin 38.09% 37.28% 32.82% 31.98% 32.07%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $14,662,000K ÷ $38,498,000K
= 38.09%

Honeywell International Inc's gross profit margin has shown a fluctuating trend over the past five years. In December 31, 2020, the gross profit margin stood at 32.07%, slightly decreasing to 31.98% by December 31, 2021. However, the company experienced a notable improvement in profitability in the following years, with the gross profit margin increasing to 32.82% by December 31, 2022, significantly rising to 37.28% by December 31, 2023, and continuing to enhance to 38.09% by December 31, 2024.

This increasing trend in gross profit margin indicates that Honeywell International Inc has been effectively managing its production costs and generating higher revenues relative to the cost of goods sold. The company's ability to improve its gross profit margin over time suggests efficient operations and potentially successful pricing strategies.


See also:

Honeywell International Inc Gross Profit Margin