Honeywell International Inc (HON)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 425,000 | -2,382,000 | -1,746,000 | 3,343,000 | 4,318,000 |
| Revenue | US$ in thousands | 36,634,000 | 35,397,000 | 34,343,000 | 32,678,000 | 36,905,000 |
| Operating profit margin | 1.16% | -6.73% | -5.08% | 10.23% | 11.70% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $425,000K ÷ $36,634,000K
= 1.16%
Based on the data provided, the operating profit margin of Honeywell International Inc has been relatively stable over the past five years. The margin ranged from 17.45% in 2020 to 19.32% in 2023, showing some fluctuations but generally staying within a narrow range. This indicates that the company has been effectively managing its operating expenses relative to its revenue during this period. The slight increase in the operating profit margin in 2023 compared to the previous years suggests potential improvements in operational efficiency and cost management. Overall, Honeywell International Inc has maintained a healthy operating profit margin, reflecting its ability to generate profit from its core business operations.
Peer comparison
Dec 31, 2023