Honeywell International (HON) Gross Margin (2009 - 2026)
Honeywell International (HON) recorded quarterly Gross Margin of 38.71% in Q1 2026, down 29.69% quarter-over-quarter from 55.05% in Q4 2025, and down 8.0% on a YoY basis from 42.07% in Q1 2025.
Honeywell International (HON) Gross Margin (2009 - 2026) Analysis & Trends
Honeywell International's Gross Margin history runs 18 years deep, the most recent figure standing at 38.71% for Q1 2026.
- In Q1 2026, Gross Margin fell 8.0% year-over-year to 38.71%; the TTM figure through Mar 2026 stood at 38.45% (down 169.0% YoY), while the FY2025 annual figure was 36.93%, down 154.0% from the prior year.
- Gross Margin was 38.71% for Q1 2026 at Honeywell International, down from 55.05% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 57.01% in Q4 2024 to a low of 27.3% in Q3 2025.
- Historically, Gross Margin has averaged 37.7% across 5 years, with a median of 37.2% in 2022.
- The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 963 bps in 2022, then jumped 2341 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 37.2% in 2022, then slipped by 10 bps to 33.59% in 2023, then jumped by 70 bps to 57.01% in 2024, then dropped by 3 bps to 55.05% in 2025, then slipped by 30 bps to 38.71% in 2026.
- The last three Gross Margin figures came in at 38.71% (Q1 2026), 55.05% (Q4 2025), and 27.3% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Pampa Energy | 1,836.33 Bn | 900.18 Bn | 109.00 Mn | 39.07% |
| 2 | Honeywell International | 145.45 Bn | 134.13 Bn | 3.54 Bn | 38.71% |
| 3 | 3M | 85.14 Bn | 81.04 Bn | 2.46 Bn | 40.73% |
| 4 | Valmont Industries | 11.12 Bn | 10.97 Bn | 316.88 Mn | 30.79% |
| 5 | Seaboard | 4.59 Bn | 3.45 Bn | 217.00 Mn | 9.04% |
| 6 | Otter Tail | 3.66 Bn | 3.25 Bn | 239.49 Mn | 69.01% |
| 7 | Tetra Technologies | 1.37 Bn | 1.37 Bn | 38.23 Mn | 24.46% |
| 8 | Deluxe | 1.04 Bn | 1.01 Bn | 279.40 Mn | 51.92% |
| 9 | Matthews International | 826.85 Mn | 790.76 Mn | 101.98 Mn | 39.43% |
| 10 | Compass Diversified Holdings | 760.64 Mn | 828.28 Mn | 189.36 Mn | 44.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.71% |
| Dec 31, 2025 | 55.05% |
| Sep 30, 2025 | 27.30% |
| Jun 30, 2025 | 32.11% |
| 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% |
| Jun 30, 2021 | 31.85% |