Honeywell International Inc (HON)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,760,000 | 7,529,000 | 6,991,000 | 6,315,000 | 5,505,000 | 5,159,000 | 5,068,000 | 5,161,000 | 5,429,000 | 7,451,000 | 8,297,000 | 8,919,000 | 10,468,000 | 10,712,000 | 11,346,000 | 12,294,000 | 12,370,000 | 12,246,000 | 12,404,000 | 12,560,000 |
| Revenue (ttm) | US$ in thousands | 36,634,000 | 36,351,000 | 36,078,000 | 35,881,000 | 35,397,000 | 34,878,000 | 34,408,000 | 34,272,000 | 34,343,000 | 34,613,000 | 34,078,000 | 32,980,000 | 33,290,000 | 33,886,000 | 35,255,000 | 36,940,000 | 37,029,000 | 37,262,000 | 38,766,000 | 51,577,000 |
| Gross profit margin | 21.18% | 20.71% | 19.38% | 17.60% | 15.55% | 14.79% | 14.73% | 15.06% | 15.81% | 21.53% | 24.35% | 27.04% | 31.44% | 31.61% | 32.18% | 33.28% | 33.41% | 32.86% | 32.00% | 24.35% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,760,000K ÷ $36,634,000K
= 21.18%
Honeywell International Inc's gross profit margin has been showing a generally positive trend over the past eight quarters. From Q1 2022 to Q4 2023, there has been a consistent increase in the gross profit margin, indicating improved efficiency in the company's cost of goods sold.
The company's gross profit margin increased from 31.93% in Q1 2022 to 37.28% in Q4 2023, representing a significant improvement over this period. This suggests that Honeywell has been effectively managing its production costs and maintaining a healthier margin on its products.
The consistent growth in gross profit margin over the eight quarters reflects positively on the company's ability to generate profits from its core operations. This trend could be an indication of improving operational efficiency or pricing strategies that have positively impacted the company's profitability.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Gross Profit Margin (Quarterly Data)