Honeywell International Inc (HON)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 7,213,000 | 7,175,000 | 7,318,000 | 7,248,000 | 7,159,000 | 6,842,000 | 6,856,000 | 6,656,000 | 6,379,000 | 6,983,000 | 6,702,000 | 6,879,000 | 7,235,000 | 7,152,000 | 6,600,000 | 5,938,000 | 6,012,000 | 6,070,000 | 6,889,000 | 7,652,000 |
| 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 |
| Pretax margin | 18.74% | 18.96% | 19.61% | 19.64% | 19.53% | 18.79% | 18.97% | 18.51% | 17.99% | 19.99% | 19.45% | 20.05% | 21.04% | 20.65% | 19.44% | 18.20% | 18.42% | 18.26% | 19.96% | 21.09% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $7,213,000K ÷ $38,495,000K
= 18.74%
Honeywell International Inc's pretax margin has shown variability over the past few years. The pretax margin, representing the percentage of earnings derived from sales before taxes are deducted, had a peak of 21.09% on March 31, 2020. However, it experienced fluctuations, with a decrease to 17.99% on December 31, 2022, before showing some recovery.
In recent quarters, the pretax margin has demonstrated relative stability within the range of 18-21%. As of December 31, 2024, the pretax margin stood at 18.74%, indicating continued attention to managing costs and improving operational efficiency but also potentially highlighting challenges or economic factors impacting profitability.
Overall, Honeywell International Inc's management may aim to sustain or enhance the pretax margin through strategic decisions on pricing, cost control, and operational efficiencies to drive profitability and shareholder value in the future.
Peer comparison
Dec 31, 2024