Honeywell (HON)财务
NASDAQ · Industrials · Industrial - Machinery · 员工101,000人 · CEO Vimal Kapur
- 股价
- $218.33 -1.72%
- 市值
- $692亿
- 企业价值
- $801亿
- 最近财报
- Q3 '26 2026-10-22提交
- 下次财报
- 2027-02-04 EPS预期 $2.44
营收(TTM)$307亿-24.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)13.3%-5.6 百分点 对比去年同期营业利润 $40.8亿
净利润(TTM)$70.5亿+15.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$12.8亿-80.2% 对比去年同期资本支出 $6.73亿
稀释EPS(TTM)$22.11+16.5% 对比去年同期最近4个季度之和
净现金-$104亿+56.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $692亿 EV $801亿
- 营收
- $307亿 过去12个月
- 营收增速
- -46% FY2026年一致预期
- 净利润率
- 23.0% 净利润 / 营收,TTM
- P/E
- 9.9× 预期 25.9×(FY2026)
- P/S
- 2.3× 股价 / 营收,TTM
- EV / EBITDA
- 7.0× TTM
- 自由现金流
- $12.8亿 过去12个月
- 净利润
- $70.5亿 过去12个月
- 营收预期
- $201亿 FY2026年一致预期
- 盈利
- 2027-02-04 营收预期 $51.6亿
- 股息
- $2.80 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-22):营收符合预期,EPS 超预期4.6%营收$49.9亿,预期$50.1亿(-0.3%);EPS $2.27,预期$2.17(+4.6%)。
- 营收增长放缓:同比-52.0%Q3 '26营收$49.9亿,此前四个季度的平均值为-9.5%。
- 营业利润率13.3%(TTM),较去年同期-5.6 百分点营收增长-24.5%,营业利润增长-47.0%。
- 税前利润的54.2%来自营业外收益税前利润$89亿,营业利润$40.8亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的2.2%(去年为2.5%)最近4个季度投入$6.73亿(同比-34.5%)。自由现金流$12.8亿,相当于净利润的18.1%。
- 股东回报$36.8亿 = 自由现金流的288.2%回购$11亿(去年为$41.6亿),股息$25.8亿,股权激励$2.54亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少0.1%Q3 '26稀释股数3.19亿,一年前为3.19亿。
- 净债务 $104亿现金 + 短期投资 $61.9亿,含租赁债务 $166亿;一年前净债务 $237亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $49.9亿 | $104亿 | -52.0% |
| 毛利率 | 40.4% | 34.1% | +6.3 百分点 |
| 营业利润 | $7.4亿 | $17.5亿 | -57.8% |
| 营业利润率 | 14.8% | 16.9% | -2.0 百分点 |
| 净利润 | $6.64亿 | $18.3亿 | -63.6% |
| 稀释EPS | $2.08 | $5.72 | -63.6% |
| 经营现金流 | $1.19亿 | $32.9亿 | -96.4% |
| 资本支出 | $7700万 | $5.12亿 | -85.0% |
| 自由现金流 | $4200万 | $27.8亿 | -98.5% |
| R&D | $2.39亿 | $4.97亿 | -51.9% |
| 股权激励费用 | $1.04亿 | $4000万 | +160.0% |
实际 vs 一致预期
2026-10-22| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $49.9亿 | $50.1亿 | -0.3% |
| EPS(一致预期口径) | $2.27 | $2.17 | +4.6% |
来自2026-10-22发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Aerospace | – | – | – | – | – | |
| Safety And Productivity Solutions | $11.2亿 | -51.0% | 35.6% | – | – | |
| Aerospace Technologies | – | – | – | – | – | |
| Home And Building Technologies | $20.2亿 | +7.6% | 64.4% | – | – | |
| Building Automation | – | – | – | – | – | |
| Energy and Sustainability Solutions | – | – | – | – | – | |
| Process Automation and Technology | – | – | – | – | – | |
| Industrial Automation | – | – | – | – | – | |
| Corporate and All Other | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Aerospace Technologies | – | – | – | – | – | – | – |
| Industrial Automation | – | – | $2.05亿 | -5.1% | – | – | $17.5亿 |
| Building Automation | – | – | $5.46亿 | +8.8% | – | – | $21.2亿 |
| Energy And Sustainability Solutions | – | – | – | – | – | – | – |
| Corporate And Reconciling Items | – | – | -$1.01亿 | +58.1% | – | – | -$4.02亿 |
| Process Automation And Technology | – | – | $4.12亿 | +5.9% | – | – | – |
| Aerospace | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $19.5亿
- 资本支出
- -$6.73亿
- 股票回购
- -$11亿
- 股息
- -$25.8亿
- 收购
- -$24亿
- 债务净发行
- -$205亿
- 股权激励费用
- $2.54亿
- 自由现金流
- $12.8亿
- 股东回报 / FCF
- 288.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 9.9× | 13.2× | 12.2× – 14.4× |
| EV / EBITDA | 7.0× | 10.3× | 9.2× – 11.2× |
| EV / 营收 | 2.6× | 2.4× | 2.3× – 2.7× |
| 股价 / FCF | 54.2× | 14.1× | 12.1× – 15.9× |
| 股价 / 净资产 | 3.1× | 4.1× | 3.8× – 4.3× |
| FCF收益率 | 1.8% | 7.1% | 6.3% – 8.3% |
| 投入资本回报率 | 7.5% | 9.7% | 8.9% – 10.7% |
| 净资产收益率 | 36.2% | 31.3% | 29.7% – 35.7% |
分析师
一致目标价 $256.92 (+17.7%)
区间 $231.00 – $276.00 · 评级 Buy
强烈买入0
买入20
持有10
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $201亿 | -46.2% | $8.42 | -42.8% | 25.9× | 9 |
| FY2027 | $204亿 | +1.5% | $9.86 | +17.2% | 22.1× | 13 |
| FY2028 | $216亿 | +5.5% | $11.13 | +12.9% | 19.6× | 9 |
| FY2029 | $230亿 | +6.6% | $12.20 | +9.5% | 17.9× | 3 |
| FY2030 | $239亿 | +4.0% | $12.59 | +3.2% | 17.3× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Honeywell International Inc.在近期10-Q / 10-K文件中标记的全部353项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $1.43亿 | $2.63亿 | -45.6% | – | – | – | |
| Accounts Payable, Current | $35.9亿 | $73.1亿 | -50.9% | $63.2亿 | $61.1亿 | +3.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $50.9亿 | $89.2亿 | -43.0% | $76.2亿 | $72.5亿 | +5.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.55亿 | $3.2亿 | -51.6% | $2.02亿 | $3.07亿 | -34.2% |
| Accrual for Environmental Loss Contingencies | $6800万 | $9.81亿 | -93.1% | $8.94亿 | $6.26亿 | +42.8% |
| Accrual for Environmental Loss Contingencies, Charges to Expense for New Losses | -$3600万 | $2.65亿 | -113.6% | $4.43亿 | $2.61亿 | +69.7% |
| Accrual for Environmental Loss Contingencies, Payments | -$4800万 | $3900万 | -223.1% | $1.75亿 | $2.21亿 | -20.8% |
| Accrual for Environmental Loss Contingencies, Period Increase (Decrease) | – | – | – | $02024-12-31 | $0 | – |
| Accrual for Taxes Other than Income Taxes, Current | $2.15亿2025-12-31 | $2.52亿 | -14.7% | $2.15亿 | $2.52亿 | -14.7% |
| Accrued Environmental Loss Contingencies, Current | $1.61亿2026-06-30 | $2.4亿 | -32.9% | $1.8亿 | $2.37亿 | -24.1% |
| Accrued Environmental Loss Contingencies, Noncurrent | $7.31亿2026-06-30 | $5.15亿 | +41.9% | $7.14亿 | $3.89亿 | +83.5% |
| Accrued Income Taxes, Current | $7.91亿2025-12-31 | $9.57亿 | -17.3% | $7.91亿 | $9.57亿 | -17.3% |
| Accrued Income Taxes, Noncurrent | $15.2亿2025-12-31 | $14.2亿 | +6.7% | $15.2亿 | $14.2亿 | +6.7% |
| Accrued Insurance, Current | $4500万2025-12-31 | $6000万 | -25.0% | $4500万 | $6000万 | -25.0% |
| Accrued Insurance, Noncurrent | $2.1亿2025-12-31 | $2.44亿 | -13.9% | $2.1亿 | $2.44亿 | -13.9% |
| Accrued Liabilities, Current | $51.1亿 | $83.8亿 | -39.0% | $84.6亿 | $80.6亿 | +5.1% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $13.8亿2025-12-31 | $6.42亿 | +114.6% | $13.8亿 | $6.42亿 | +114.6% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$37.8亿2025-12-31 | -$28.7亿 | -31.6% | -$37.8亿 | -$28.7亿 | -31.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$41亿 | -$46.4亿 | +11.6% | -$51.5亿 | -$34.9亿 | -47.4% |
| Additional Paid in Capital, Common Stock | $111亿 | $99.4亿 | +12.0% | $102亿 | $97亿 | +4.8% |
| Amortization | $1.04亿 | $1.06亿 | -1.9% | $8.42亿 | $6.59亿 | +27.8% |
| Amortization of Intangible Assets | $1.31亿 | $1.35亿 | -3.0% | $5.7亿 | $4.11亿 | +38.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 180万 | 90万 | +100.0% | 290万 | 390万 | -25.6% |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $600万2025-12-31 | $2400万 | -75.0% | $600万 | $2400万 | -75.0% |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | $500万2025-12-31 | -$100万 | +600.0% | $500万 | -$100万 | +600.0% |
| Asset Retirement Obligations, Noncurrent | $1800万2025-12-31 | $1500万 | +20.0% | $1800万 | $1500万 | +20.0% |
| Assets | $531亿 | $809亿 | -34.4% | $737亿 | $752亿 | -2.0% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | $0 | $0 | – | $24.9亿 | $13.7亿 | +82.6% |
| Assets, Current | $143亿 | $307亿 | -53.4% | $304亿 | $279亿 | +8.9% |
| Assets, Fair Value Disclosure | $6亿 | – | – | $5.56亿 | $6.51亿 | -14.6% |
| Business Combination, Acquisition Related Costs | $3300万 | $1300万 | +153.8% | $4300万 | $4400万 | -2.3% |
| Capitalized Contract Cost, Accumulated Amortization | $1.16亿2025-12-31 | $1.88亿 | -38.3% | $1.16亿 | $1.88亿 | -38.3% |
| Capitalized Contract Cost, Gross | $11.9亿2025-12-31 | $11.6亿 | +3.2% | $11.9亿 | $11.6亿 | +3.2% |
| Cash and Cash Equivalents, at Carrying Value | $56.9亿 | $129亿 | -56.0% | $125亿 | $99.1亿 | +26.1% |
| Cash Divested from Deconsolidation | $0 | $0 | – | – | – | – |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | -$2.52亿 | -$4.14亿 | +39.1% | -$2.69亿 | -$2.93亿 | +8.2% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | -$1.89亿 | $21.2亿 | -108.9% | $3.33亿 | $9.85亿 | -66.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $56.9亿 | $129亿 | -56.0% | $125亿 | $106亿 | +18.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$30.6亿 | $25.8亿 | -218.4% | $19.2亿 | $26.4亿 | -27.3% |
| Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | – | – | – | $5700万 | -$3000万 | +290.0% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.70 | $2.26 | -69.0% | $4.58 | $4.37 | +4.8% |
| Common Stock, Shares Authorized | 10亿2026-06-29 | – | – | 20亿2019-12-31 | 20亿 | 0.0% |
| Common Stock, Shares, Issued | 4.79亿 | 4.79亿 | 0.0% | 9.58亿 | 9.58亿 | 0.0% |
| Common Stock, Shares, Outstanding | 3.17亿 | 3.18亿 | 0.0% | 6.35亿 | 6.5亿 | -2.2% |
| Common Stock, Value, Outstanding | $4.79亿 | $9.58亿 | -50.0% | $9.58亿 | $9.58亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $800万 | $3000万 | -73.3% | $6700万 | $600万 | +1,016.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $15.9亿 | $16亿 | -0.9% | $30.7亿 | $63.5亿 | -51.6% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $15.9亿 | $16.3亿 | -2.2% | $31.4亿 | $63.6亿 | -50.6% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $14.8亿 | $15.9亿 | -6.7% | $24亿 | $21.6亿 | +11.5% |
| Contract with Customer, Liability | $18.8亿 | $19亿 | -1.0% | $38.4亿 | $41.2亿 | -6.8% |
| Contract with Customer, Liability, Current | $38.6亿2025-12-31 | $34.3亿 | +12.6% | $38.6亿 | $34.3亿 | +12.6% |
| Contract with Customer, Liability, Noncurrent | $11.1亿2025-12-31 | $11.7亿 | -4.7% | $11.1亿 | $11.7亿 | -4.7% |
| Contract with Customer, Liability, Revenue Recognized | $1.24亿 | $1.58亿 | -21.5% | $19.6亿 | $21亿 | -6.5% |
| Cost of Goods and Services Sold | $29.8亿 | $31.6亿 | -5.7% | $236亿 | $214亿 | +10.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4900万 | $4.78亿 | -89.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $9.14亿 | $9.43亿 | -3.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $9.9亿 | $14.8亿 | -33.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2700万 | $5700万 | -52.6% |
| Debt Issuance Costs, Net | $1.89亿 | $2.92亿 | -35.3% | $2.8亿 | $3.03亿 | -7.6% |
| Debt Securities, Available-for-sale | $5.94亿 | – | – | $5.31亿 | $4.96亿 | +7.1% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01