Honeywell Aerospace Inc (HONA) financials
NASDAQ · Industrials · Aerospace & Defense · 30,000 employees · CEO James Currier
- Price
- $154.15 -3.68%
- Market cap
- $48.9B
- Enterprise value
- $63.2B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-01-27 EPS est. $2.13
Valuation & key figures
- Market cap
- $48.9B EV $63.2B
- Revenue
- $18.3B Trailing 12 months
- Revenue growth
- +6% FY2026 consensus
- Profit margin
- 10.4% Net income / revenue, TTM
- P/E
- 25.7× Forward 21.2× (FY2026)
- P/S
- 2.7× Price / sales, TTM
- EV / EBITDA
- 16.3× TTM
- Free cash flow
- $2.3B Trailing 12 months
- Net income
- $1.9B Trailing 12 months
- Revenue estimate
- $18.4B FY2026 consensus
- Earnings
- 2027-01-27 Revenue est. $4.96B
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-28): revenue beat by 1.7%, EPS beat by 18.2%Revenue $4.64B vs $4.57B expected (+1.7%); EPS $2.21 vs $1.87 (+18.2%).
- 33.7% of pre-tax profit is eaten by non-operating lossesPre-tax income $2.6B vs operating income $3.48B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 3.1% of revenue$560M invested in the last 4 quarters (– on a year earlier). Free cash flow $2.3B = 120.9% of net income.
- Net debt $14.3BCash + short-term investments $1.56B, debt incl. leases $15.9B.
Last quarter: Q3 '26
Quarter ended 2026-09-26. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $4.64B | – | – |
| Gross margin | 36.9% | – | – |
| Operating income | $1.03B | – | – |
| Operating margin | 22.1% | – | – |
| Net income | $726M | – | – |
| Diluted EPS | $2.29 | – | – |
| Operating cash flow | $668M | – | – |
| Capex | $168M | – | – |
| Free cash flow | $500M | – | – |
| R&D | $216M | – | – |
| Stock-based compensation | $28M | – | – |
Reported vs consensus
2026-10-28| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $4.64B | $4.57B | +1.7% |
| EPS (as estimated) | $2.21 | $1.87 | +18.2% |
From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Product | $2.69B | – | 57.9% | – | – | |
| Service | $1.95B | – | 42.1% | – | – |
Segment profits
Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).
Segments in Q3 '26
| Segment | Revenue | y/y | Operating income | y/y | Margin | Margin a year ago | TTM operating income |
|---|---|---|---|---|---|---|---|
| Electronic Solutions | – | – | $564M | – | – | – | – |
| Engines Power Systems | – | – | $250M | – | – | – | – |
| Control Systems | – | – | $382M | – | – | – | – |
| Corporate And Reconciling Items | – | – | -$35M | – | – | – | – |
Operating income by segment
quarterlySegment operating margin
quarterlyMargins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $2.86B
- Capex
- -$560M
- Buybacks
- $0
- Dividends
- $0
- Acquisitions
- $0
- Net debt issued
- $15.8B
- Stock-based compensation
- $110M
- Free cash flow
- $2.3B
- Returned to shareholders / FCF
- -0.0%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 25.7× | 26.7× | 22.0× – 35.6× |
| EV / EBITDA | 16.3× | 17.1× 2 of 3 years | 16.4× – 17.7× |
| EV / Sales | 3.4× | 3.9× 2 of 3 years | 3.6× – 4.1× |
| Price / FCF | 21.3× | 25.0× | 19.8× – 30.9× |
| Price / Book | -19.0× | 7.4× 2 of 3 years | 7.3× – 7.5× |
| FCF yield | 4.7% | 4.1% | 3.2% – 5.1% |
| Return on invested capital | 15.5% | 16.5% | 0.0% – 26.8% |
| Return on equity | -221.5% | 17.8% | 0.0% – 32.2% |
Analysts
Consensus target $207.92 (+34.9%)
range $175.00 – $245.00 · rating Hold
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $18.4B | +5.8% | $7.26 | +29.2% | 21.2× | 7 |
| FY2027 | $19.9B | +7.9% | $8.61 | +18.6% | 17.9× | 9 |
| FY2028 | $21.3B | +7.2% | $10.44 | +21.2% | 14.8× | 9 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 165 figures Honeywell Aerospace Inc tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $200M2026-06-27 | $0 | – | – | – | – | |
| $455M | – | – | – | – | – | |
| Accounts Payable, Current | $2.93B | – | – | – | – | – |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2.32B | – | – | – | – | – |
| Accounts Receivable, Allowance for Credit Loss, Current | $54M | – | – | – | – | – |
| Accounts Receivable, Sale | $0 | $0 | – | – | – | – |
| Accrual for Environmental Loss Contingencies | $815M | – | – | – | – | – |
| Accrual for Environmental Loss Contingencies, Payments | $32M | – | – | – | – | – |
| Accrued Environmental Loss Contingencies, Current | $173M | – | – | – | – | – |
| Accrued Environmental Loss Contingencies, Noncurrent | $642M | – | – | – | – | – |
| Accrued Liabilities, Current | $1.86B | – | – | – | – | – |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$800M | – | – | – | – | – |
| Additional Paid in Capital | $29M | – | – | – | – | – |
| Amortization | $53M | $21M | +152.4% | – | – | – |
| Amortization of Intangible Assets | $53M | $21M | +152.4% | – | – | – |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1.9M | 0 | – | – | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $28M | – | – | – | – | – |
| Assets | $23B | – | – | – | – | – |
| Assets for Plan Benefits, Defined Benefit Plan | $3.04B | – | – | – | – | – |
| Assets, Current | $10.5B | – | – | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $1.56B | – | – | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.56B | $470M | +231.5% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $501M | $51M | +882.4% | – | – | – |
| Common Stock, Par or Stated Value Per Share | $0.01 | – | – | – | – | – |
| Common Stock, Shares Authorized | 1B | – | – | – | – | – |
| Common Stock, Shares, Issued | 317M | – | – | – | – | – |
| Common Stock, Shares, Outstanding | 317M | – | – | – | – | – |
| Common Stock, Value, Issued | $3M | – | – | – | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $11M | $10M | +10.0% | – | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $715M | $645M | +10.9% | – | – | – |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $726M | $655M | +10.8% | – | – | – |
| Contract with Customer, Asset, after Allowance for Credit Loss | $1.47B | $1.3B | +12.8% | – | – | – |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $1.46B | – | – | – | – | – |
| Contract with Customer, Liability | $2.69B | $2.41B | +11.3% | – | – | – |
| Contract with Customer, Liability, Current | $1.61B | – | – | – | – | – |
| Contract with Customer, Liability, Noncurrent | $1.08B | – | – | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | $158M | $167M | -5.4% | – | – | – |
| Cost of Goods and Services Sold | $2.93B | $2.88B | +1.8% | – | – | – |
| Debt Issuance Costs, Net | $149M | – | – | – | – | – |
| Deferred Income Tax Assets, Net | $72M | – | – | – | – | – |
| Deferred Income Tax Liabilities, Net | $679M | – | – | – | – | – |
| Deferred Income Taxes and Tax Credits | -$44M | -$57M | +22.8% | – | – | – |
| Depreciation | $69M | $70M | -1.4% | – | – | – |
| Depreciation, Depletion and Amortization | $94M | $88M | +6.8% | – | – | – |
| Earnings Per Share, Basic | $2.29 | $2.03 | +12.8% | – | – | – |
| Earnings Per Share, Diluted | $2.29 | $2.03 | +12.8% | – | – | – |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $2M | $0 | – | – | – | – |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount | -$23M | – | – | – | – | – |
| Effective Income Tax Rate Reconciliation, Percent | 18.2% | 11.7% | +55.6% | – | – | – |
| Effective Income Tax Rate Reconciliation, Tax Contingency, Amount | -$44M | – | – | – | – | – |
| Employee-related Liabilities, Current | $406M | – | – | – | – | – |
| Environmental Remediation Expense | $16M | $231M | -93.1% | – | – | – |
| Finite-Lived Intangible Assets, Accumulated Amortization | $1.31B | – | – | – | – | – |
| Finite-Lived Intangible Assets, Gross | $3.55B | – | – | – | – | – |
| Finite-Lived Intangible Assets, Net | $2.24B | – | – | – | – | – |
| Goodwill | $3.04B | – | – | – | – | – |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $901M | $741M | +21.6% | – | – | – |
| Income (Loss) from Equity Method Investments | $6M | $6M | 0.0% | – | – | – |
| Income Tax Expense (Benefit) | $164M | $87M | +88.5% | – | – | – |
| Increase (Decrease) in Accounts Payable | $156M | $13M | +1,100.0% | – | – | – |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-26, 10-Q 2026-06-27
Data as of 2026-11-02