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| Date | Value |
|---|---|
| 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% |