Honeywell International (HON) Operating Margin (2009 - 2026)
Honeywell International (HON) posted Operating Margin of 18.37% for Q2 2026, down 3.33% on a QoQ basis from 19.0% in Q1 2026, and down 140.0% year-over-year from 45.92% in Q2 2025.
Analysis
Honeywell International (HON) Operating Margin (2009 - 2026) Analysis & Trends
Honeywell International has reported Operating Margin for 18 years, with the latest figure at 18.37% in Q2 2026.
- On a quarterly basis, Operating Margin fell 140.0% year-over-year to 18.37% in Q2 2026; TTM through Jun 2026 was 20.8%, a 227.0% decrease from a year earlier, with the FY2025 full-year figure at 17.54%, down 167.0% from the prior year.
- Operating Margin was 18.37% for Q2 2026 at Honeywell International, down from 19.0% in the prior quarter.
- The five-year high for Operating Margin was 40.45% in Q4 2024, with the low at 8.3% in Q3 2025.
- Average Operating Margin over 5 years is 18.91%, with a median of 19.04% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Margin sank 1320 bps in 2022, then jumped 2993 bps in 2024.
- Over 5 years, Operating Margin stood at 19.74% in 2022, then sank by 47 bps to 10.52% in 2023, then soared by 284 bps to 40.45% in 2024, then declined by 8 bps to 37.02% in 2025, then sank by 50 bps to 18.37% in 2026.
- The last three Operating Margin figures came in at 18.37% (Q2 2026), 19.0% (Q1 2026), and 37.02% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rtx | 267.36 Bn | 259.05 Bn | 9.91 Bn | 11.38% |
| 2 | Boeing | 162.13 Bn | 142.11 Bn | 2.41 Bn | 0.64% |
| 3 | Howmet Aerospace | 91.25 Bn | 90.68 Bn | 951.00 Mn | 27.92% |
| 4 | TransDigm | 64.60 Bn | 61.82 Bn | 1.63 Bn | 44.76% |
| 5 | Honeywell International | 64.12 Bn | 54.92 Bn | 3.65 Bn | 18.37% |
| 6 | Heico | 43.56 Bn | 43.32 Bn | 580.99 Mn | 25.14% |
| 7 | AerCap Holdings | 24.20 Bn | 24.20 Bn | - | - |
| 8 | Woodward | 19.77 Bn | 19.30 Bn | 349.91 Mn | 16.66% |
| 9 | FTAI Aviation | 18.45 Bn | 18.11 Bn | 317.30 Mn | -46.27% |
| 10 | Textron | 13.73 Bn | 12.29 Bn | 304.00 Mn | -3.21% |
Historic Data
Download Data
Historic 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% |