Honeywell International Inc (HON)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	14,734,000	14,764,000	14,557,000	14,338,000	14,128,000	13,490,000	12,918,000	12,305,000	11,641,000	11,300,000	11,057,000	10,955,000	10,998,000	11,201,000	10,888,000	10,284,000	10,468,000	10,712,000	11,346,000	12,294,000
Revenue (ttm)	US$ in thousands	38,495,000	37,840,000	37,324,000	36,895,000	36,655,000	36,408,000	36,147,000	35,954,000	35,466,000	34,937,000	34,459,000	34,314,000	34,392,000	34,635,000	33,959,000	32,628,000	32,637,000	33,233,000	34,522,000	36,288,000
Gross profit margin		38.28%	39.02%	39.00%	38.86%	38.54%	37.05%	35.74%	34.22%	32.82%	32.34%	32.09%	31.93%	31.98%	32.34%	32.06%	31.52%	32.07%	32.23%	32.87%	33.88%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,734,000K ÷ $38,495,000K
= 38.28%

The gross profit margin of Honeywell International Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the gross profit margin was at 33.88% in March 2020 but slightly decreased to 32.87% in June 2020. Subsequently, the margin experienced a downward trend reaching 31.52% by March 2021.

Thereafter, the gross profit margin started to recover, increasing to 32.34% by September 2021. This positive momentum continued through December 2021, with the margin at 31.98%. Although there was a slight decrease to 31.93% by March 2022, the trend reversed, and the margin steadily improved, reaching 39.02% by September 30, 2024.

Overall, the gross profit margin of Honeywell International Inc has showcased variability but demonstrated a generally positive trajectory in recent periods, indicating an improving ability to generate profits from sales after accounting for the cost of goods sold. This trend suggests potential operational efficiencies and pricing strategies that have positively impacted the company's bottom line.