Honeywell International Inc (HON)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.18% | 20.71% | 19.38% | 17.60% | 15.55% | 14.79% | 14.73% | 15.06% | 15.81% | 21.53% | 24.35% | 27.04% | 31.44% | 31.61% | 32.18% | 33.28% | 33.41% | 32.86% | 32.00% | 24.35% |
| Operating profit margin | 1.16% | -5.19% | -5.59% | -6.13% | -6.73% | -4.36% | -4.89% | -5.12% | -5.08% | 23.94% | 20.03% | 15.39% | 11.62% | 12.13% | 12.51% | 13.00% | 11.69% | 11.29% | 8.97% | 27.75% |
| 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% |
| Net profit margin | 15.44% | 14.89% | 15.11% | 14.56% | 14.03% | 15.41% | 14.76% | 15.32% | 16.14% | 15.81% | 14.60% | 14.02% | 14.36% | 14.70% | 16.59% | 17.08% | 16.59% | 16.91% | 18.10% | 13.07% |
Honeywell International Inc has demonstrated consistent improvement in its profitability over the past eight quarters, as indicated by key profitability ratios. The gross profit margin has shown a positive trend, increasing from 32.82% in Q4 2022 to 37.28% in Q4 2023, reflecting the company's ability to maintain a healthy level of profitability after accounting for the cost of goods sold.
Operating profit margin has also improved steadily, reaching 19.32% in Q4 2023 from 17.55% in Q3 2022. This suggests that the company has been effective in managing its operating expenses while generating revenue.
Pretax margin has shown slight fluctuations but generally remained above 17%, indicating that the company has been able to generate earnings before tax at a consistent rate across various quarters.
Net profit margin, which measures the company's bottom-line profitability after all expenses have been deducted, has also shown improvement, increasing from 14.00% in Q4 2022 to 15.43% in Q4 2023. This indicates that Honeywell International Inc has been successful in controlling its costs and increasing its net income relative to its revenue.
Overall, Honeywell International Inc has shown commendable financial performance in terms of profitability ratios, demonstrating effective cost management and revenue generation strategies over the analyzed period.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.69% | -3.08% | -3.23% | -3.68% | -3.82% | -2.52% | -2.70% | -2.77% | -2.71% | 12.91% | 10.67% | 7.98% | 5.99% | 6.48% | 6.93% | 8.36% | 7.38% | 7.00% | 6.02% | 24.44% |
| Return on assets (ROA) | 9.20% | 8.83% | 8.75% | 8.73% | 7.97% | 8.92% | 8.16% | 8.29% | 8.60% | 8.53% | 7.78% | 7.28% | 7.40% | 7.85% | 9.19% | 10.99% | 10.47% | 10.49% | 12.15% | 11.51% |
| Return on total capital | 2.68% | -10.95% | -11.65% | -13.01% | -14.27% | -8.60% | -9.58% | -9.56% | -9.40% | 46.44% | 38.05% | 28.22% | 22.04% | 14.88% | 23.74% | 26.64% | 22.87% | 30.52% | 19.46% | 76.26% |
| Return on equity (ROE) | 35.68% | 31.42% | 31.52% | 30.89% | 29.74% | 30.36% | 28.96% | 28.58% | 29.85% | 30.67% | 27.73% | 25.71% | 27.23% | 27.56% | 32.23% | 35.75% | 33.22% | 34.80% | 39.26% | 35.92% |
Honeywell International Inc's profitability ratios indicate a consistent and improving performance over the quarters. The operating return on assets (Operating ROA) has shown an upward trend, with a Q4 2023 value of 11.51%, reflecting the company's ability to generate operating income per dollar of assets. Similarly, the Return on assets (ROA) has also exhibited an increasing trajectory, reaching 9.20% in Q4 2023, demonstrating the company's efficiency in generating profits from its total assets.
Moreover, the Return on total capital has been on the rise, hitting 19.79% in Q4 2023, showcasing Honeywell's ability to generate returns for both debt and equity investors. The Return on equity (ROE) has shown notable growth as well, reaching 35.68% in Q4 2023, indicating the company's effectiveness in utilizing shareholders' equity to generate profits.
Overall, the profitability ratios of Honeywell International Inc highlight a strong and improving financial performance, indicating efficient management of assets and capital to generate returns for both investors and the company.
See also:
Honeywell International Inc Profitability Ratios (Quarterly Data)