Honeywell International Inc (HON)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 7,145,000 | 6,811,000 | 6,829,000 | 6,641,000 | 6,378,000 | 6,970,000 | 6,670,000 | 6,832,000 | 7,167,000 | 7,078,000 | 6,519,000 | 5,856,000 | 5,926,000 | 5,976,000 | 6,794,000 | 7,560,000 | 7,472,000 | 7,433,000 | 7,330,000 | 7,348,000 |
| 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 |
| Pretax margin | 19.50% | 18.74% | 18.93% | 18.51% | 18.02% | 19.98% | 19.39% | 19.93% | 20.87% | 20.45% | 19.13% | 17.76% | 17.80% | 17.64% | 19.27% | 20.47% | 20.18% | 19.95% | 18.91% | 14.25% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $7,145,000K ÷ $36,634,000K
= 19.50%
Honeywell International Inc's pretax margin has exhibited relative stability over the past eight quarters, ranging from 17.99% to 20.05%. The company's pretax margin peaked in Q2 2022 at 20.05% before modestly declining in subsequent quarters. Throughout this period, Honeywell has generally maintained healthy profitability before tax, with margins consistently above the 18% mark. Although there was some fluctuation quarter to quarter, the overall trend suggests a solid operational performance in terms of managing costs and generating pre-tax earnings.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Honeywell International Inc
HON
19.50%
Raytheon Technologies Corp
RTX
5.20%