Honeywell International (HON) Tax Rate (2009 - 2026)
Honeywell International (HON) posted quarterly Tax Rate of 20.96% for Q2 2026, up 596.0% year-on-year from 3.01% in Q2 2025, and up 104.06% on a QoQ basis from 10.27% in Q1 2026.
Honeywell International (HON) Tax Rate (2009 - 2026) Analysis & Trends
Honeywell International (HON) has reported Tax Rate for 18 consecutive years, with 20.96% the latest figure, recorded in Q2 2026.
- Quarterly Tax Rate rose 596.0% year-over-year to 20.96% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.32% (up 83.0% YoY) and the FY2025 annual result came in at 18.41%, down 160.0% from the prior year.
- Tax Rate advanced to 20.96% in Q2 2026 per HON's latest filing, from 10.27% in the prior quarter.
- Over the last five years, Tax Rate for HON reached as high as 25.88% in Q2 2022 and fell as low as 5.22% in Q4 2024.
- A 5-year average of 18.17% and a median of 20.98% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2025 — Tax Rate jumped 955 bps — and 2026, when it slumped 1189 bps.
- Year by year, Tax Rate stood at 14.13% in 2022, then slumped by 57 bps to 6.13% in 2023, then dropped by 15 bps to 5.22% in 2024, then surged by 183 bps to 14.77% in 2025, then jumped by 42 bps to 20.96% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.96%, 10.27%, and 14.77% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 88.13 Bn | 84.85 Bn | 2.68 Bn | 16.34% |
| 2 | Honeywell International | 78.15 Bn | 66.84 Bn | 3.65 Bn | 20.96% |
| 3 | Valmont Industries | 9.52 Bn | 9.36 Bn | 316.88 Mn | 14.78% |
| 4 | Brookfield Business | 6.56 Bn | 5.50 Bn | 1.31 Bn | -38.19% |
| 5 | Seaboard | 4.44 Bn | 3.30 Bn | 217.00 Mn | 16.08% |
| 6 | Otter Tail | 3.87 Bn | 3.47 Bn | 239.49 Mn | 6.29% |
| 7 | Tetra Technologies | 1.18 Bn | 1.14 Bn | 38.23 Mn | 28.22% |
| 8 | Deluxe | 1.16 Bn | 1.13 Bn | 279.40 Mn | 23.18% |
| 9 | Matthews International | 843.71 Mn | 807.63 Mn | 101.98 Mn | 22.16% |
| 10 | Compass Diversified Holdings | 745.59 Mn | 813.24 Mn | 189.36 Mn | -29.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.96% |
| Jun 30, 2026 | 20.96% |
| Jun 30, 2026 | 20.96% |
| Mar 31, 2026 | 10.27% |
| Mar 31, 2026 | 10.27% |
| Mar 31, 2026 | 10.27% |
| Dec 31, 2025 | 14.77% |
| Dec 31, 2025 | 14.77% |
| Dec 31, 2025 | 14.77% |
| Sep 30, 2025 | 16.34% |
| Sep 30, 2025 | 16.34% |
| Sep 30, 2025 | 16.34% |
| Jun 30, 2025 | 15.00% |
| Jun 30, 2025 | 15.00% |
| Jun 30, 2025 | 15.00% |
| Mar 31, 2025 | 22.16% |
| Mar 31, 2025 | 22.16% |
| Mar 31, 2025 | 22.16% |
| Dec 31, 2024 | 5.22% |
| Dec 31, 2024 | 5.22% |