Honeywell International (HON) Operating Margin (2009 - 2026)
Honeywell International (HON) posted quarterly Operating Margin of 18.37% for Q2 2026, down 140.0% year-on-year from 45.92% in Q2 2025, and down 3.33% on a QoQ basis from 19.0% in Q1 2026.
Honeywell International (HON) Operating Margin (2009 - 2026) Analysis & Trends
Honeywell International (HON) has reported Operating Margin for 18 consecutive years, with 18.37% the latest figure, recorded in Q2 2026.
- Quarterly Operating Margin fell 140.0% year-over-year to 18.37% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.8% (down 227.0% YoY) and the FY2025 annual result came in at 17.54%, down 167.0% from the prior year.
- Operating Margin fell to 18.37% in Q2 2026 per HON's latest filing, from 19.0% in the prior quarter.
- Over the last five years, Operating Margin for HON reached as high as 40.45% in Q4 2024 and fell as low as 8.3% in Q3 2025.
- A 5-year average of 18.91% and a median of 19.04% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin sank 1320 bps — and 2024, when it jumped 2993 bps.
- Year by year, Operating Margin stood at 19.74% in 2022, then slumped by 47 bps to 10.52% in 2023, then jumped by 284 bps to 40.45% in 2024, then fell by 8 bps to 37.02% in 2025, then slumped by 50 bps to 18.37% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 18.37%, 19.0%, and 37.02% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 88.13 Bn | 84.85 Bn | 2.68 Bn | 15.14% |
| 2 | Honeywell International | 78.15 Bn | 66.84 Bn | 3.65 Bn | 18.37% |
| 3 | Valmont Industries | 9.52 Bn | 9.36 Bn | 316.88 Mn | 15.12% |
| 4 | Brookfield Business | 6.56 Bn | 5.50 Bn | 1.31 Bn | 24.95% |
| 5 | Seaboard | 4.44 Bn | 3.30 Bn | 217.00 Mn | 4.00% |
| 6 | Otter Tail | 3.87 Bn | 3.47 Bn | 239.49 Mn | 24.56% |
| 7 | Tetra Technologies | 1.18 Bn | 1.14 Bn | 38.23 Mn | 8.20% |
| 8 | Deluxe | 1.16 Bn | 1.13 Bn | 279.40 Mn | 13.34% |
| 9 | Matthews International | 843.71 Mn | 807.63 Mn | 101.98 Mn | -1.23% |
| 10 | Compass Diversified Holdings | 745.59 Mn | 813.24 Mn | 189.36 Mn | -0.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.37% |
| Mar 31, 2026 | 19.00% |
| Dec 31, 2025 | 37.02% |
| Sep 30, 2025 | 8.30% |
| Jun 30, 2025 | 19.77% |
| Mar 31, 2025 | 19.45% |
| Dec 31, 2024 | 40.45% |
| Sep 30, 2024 | 12.18% |
| Jun 30, 2024 | 11.35% |
| Mar 31, 2024 | 11.18% |
| Dec 31, 2023 | 10.52% |
| Sep 30, 2023 | 20.91% |
| Jun 30, 2023 | 20.59% |
| Mar 31, 2023 | 19.09% |
| Dec 31, 2022 | 19.74% |
| Sep 30, 2022 | 19.46% |
| Jun 30, 2022 | 17.88% |
| Mar 31, 2022 | 15.17% |
| Dec 31, 2021 | 32.93% |
| Sep 30, 2021 | 18.59% |