Honeywell International Inc (HON)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,658,000 | 4,966,000 | 5,542,000 | 4,779,000 | 6,143,000 |
| Revenue | US$ in thousands | 36,634,000 | 35,397,000 | 34,343,000 | 32,678,000 | 36,905,000 |
| Net profit margin | 15.44% | 14.03% | 16.14% | 14.62% | 16.65% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $5,658,000K ÷ $36,634,000K
= 15.44%
The net profit margin of Honeywell International Inc has fluctuated over the past five years, ranging from a low of 14.00% in 2022 to a high of 16.73% in 2019. The company's ability to generate profits relative to its revenue has shown variability, with a notable decrease in 2022 followed by a rebound in 2023. Despite some fluctuations, the average net profit margin over the five-year period appears to be relatively healthy, indicating that the company has been effective in managing its expenses and generating profits from its operations. Further analysis of the factors influencing these fluctuations would be necessary to better understand the trends and implications for the company's financial performance.
Peer comparison
Dec 31, 2023