Honeywell International (HON) Gross Margin (2009 - 2026)

Honeywell International (HON) posted quarterly Gross Margin of 37.59% for Q2 2026, down 172.0% year-on-year from 52.2% in Q2 2025, and down 2.9% on a QoQ basis from 38.71% in Q1 2026.

Honeywell International (HON) Gross Margin (2009 - 2026) Analysis & Trends

Honeywell International (HON) has reported Gross Margin for 18 consecutive years, with 37.59% the latest figure, recorded in Q2 2026.

  • Quarterly Gross Margin fell 172.0% year-over-year to 37.59% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 39.78% (down 215.0% YoY) and the FY2025 annual result came in at 36.93%, down 154.0% from the prior year.
  • Gross Margin retreated to 37.59% in Q2 2026 per HON's latest filing, from 38.71% in the prior quarter.
  • Over the last five years, Gross Margin for HON reached as high as 57.01% in Q4 2024 and fell as low as 27.3% in Q3 2025.
  • A 5-year average of 38.09% and a median of 37.55% in 2022 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2022 — Gross Margin tumbled 963 bps — and 2024, when it surged 2341 bps.
  • Year by year, Gross Margin stood at 37.2% in 2022, then declined by 10 bps to 33.59% in 2023, then soared by 70 bps to 57.01% in 2024, then fell by 3 bps to 55.05% in 2025, then slumped by 32 bps to 37.59% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 37.59%, 38.71%, and 55.05% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 3M 88.13 Bn 84.85 Bn 2.68 Bn 41.28%
2 Honeywell International 78.15 Bn 66.84 Bn 3.65 Bn 37.59%
3 Valmont Industries 9.52 Bn 9.36 Bn 316.88 Mn 30.79%
4 Brookfield Business 6.56 Bn 5.50 Bn 1.31 Bn 20.35%
5 Seaboard 4.44 Bn 3.30 Bn 217.00 Mn 9.04%
6 Otter Tail 3.87 Bn 3.47 Bn 239.49 Mn 69.01%
7 Tetra Technologies 1.18 Bn 1.14 Bn 38.23 Mn 24.46%
8 Deluxe 1.16 Bn 1.13 Bn 279.40 Mn 51.92%
9 Matthews International 843.71 Mn 807.63 Mn 101.98 Mn 39.43%
10 Compass Diversified Holdings 745.59 Mn 813.24 Mn 189.36 Mn 44.36%

Historic Data

Download Data
DateValue
Jun 30, 2026 37.59%
Mar 31, 2026 38.71%
Dec 31, 2025 55.05%
Sep 30, 2025 27.30%
Jun 30, 2025 39.30%
Mar 31, 2025 38.79%
Dec 31, 2024 57.01%
Sep 30, 2024 32.20%
Jun 30, 2024 31.68%
Mar 31, 2024 31.56%
Dec 31, 2023 33.59%
Sep 30, 2023 38.45%
Jun 30, 2023 38.49%
Mar 31, 2023 37.97%
Dec 31, 2022 37.20%
Sep 30, 2022 37.50%
Jun 30, 2022 36.78%
Mar 31, 2022 36.44%
Dec 31, 2021 46.83%
Sep 30, 2021 32.18%