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NASDAQ NMS - GLOBAL MARKET · Aerospace & Defense · CIK 0002089271
$163.02
+0.34% · delayed ~15 min
Last price from Oct 22, 2026
$51.66B market value
From Honeywell Aerospace Inc.'s FY2025 annual-report
Honeywell Aerospace makes aircraft and aerospace equipment. It took in $17.40B last year, which makes it a large company. Of every dollar it sells, about 10 cents is left as profit.
The financial picture is led by profitability, with growth and debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From Honeywell Aerospace Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit margin
18.2% → 10.2%
Free cash flow
$2.05B → $3.20B
Profit
$2.82B → $1.78B
Operating margin
22.7% → 18.7%
Measured against FY2024, from the annual-report
Deteriorated: −8.0 pts
18.2% to 10.2%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
How the latest move compares (quote delayed ~15 min), and what was published around it
HONA rose 0.34% on the latest quote. The average Industrials company tracked here moved +0.37%, and the S&P 500 −1.04%. That is in line with its sector and 1.4 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 3% a year for the next 10 years. Over the last 2 years it grew by about 11% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 10 cents of every dollar of sales as profit, earning $1.78B last year.
Slowly. Sales grew 12.7% last year.
Manageable. For every $1 it owes, it owns $1.92 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $1.78B and generated $3.71B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY2025annual-report | FY2024annual-report | FY2023annual-report | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|
| RevenueWhat is this? | $17.40B | $15.45B | $13.79B | +12.7% |
| Cost of revenue | $11.34B | $9.94B | $8.51B | +14.1% |
| Gross profit | $6.06B | $5.50B | $5.28B | +10.2% |
| Gross marginGross profit ÷ revenueWhat is this? | 34.8% | 35.6% | 38.3% | −0.8 pts |
| Selling, general and administrative | $2.13B | $1.43B | $1.21B | +49.3% |
| Operating income | $3.26B | $3.51B | $3.56B | −7.2% |
| Operating marginOperating income ÷ revenueWhat is this? | 18.7% | 22.7% | 25.8% | −4.0 pts |
| Interest expense | $818.0M | — | — | — |
| Income before tax | $2.36B | $3.37B | $3.47B | −30.0% |
| Net income | $1.78B | $2.82B | $2.89B | −36.8% |
| Net marginNet income ÷ revenueWhat is this? | 10.2% | 18.2% | 20.9% | −8.0 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $5.62 | $8.89 | — | −36.8% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| HONAHoneywell Aerospace Inc. · this page | 7.3/10 | 5/8 | 12.7% | 10.2% | 29.02x | 1.09x |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Bought on the open market — 6,400 shares at $156.00 ($998.4K)
Holds 6,400 shares after this filing.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
5 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report on Form 10-Q
Read the filingHad a director or senior officer leave or join · Published results · Reported another event
Read the filingWrite down why you are following Honeywell Aerospace Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Honeywell Aerospace (HONA) vs. GE and RTX: Can a High-Margin Aerospace Platform Deliver a Post-Spin-Off Re-Rating?
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Is Honeywell Stock A Real Bargain?
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Honeywell Aerospace forecast shows business aviation growth, expanding fleets and strong utilization continuing through 2035
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Six Weeks, Five Companies: Defense and National Security Tech Insiders Are Buying Their Own Shares
Yahoo Finance ·
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from HONA's annual-report for fiscal year 2025 (period ending 2025-12-31), reported under the US GAAP taxonomy.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Every check behind the three models, and what each one tests
5 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Improved: +56.1%
$2.05B to $3.20BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -36.8%
$2.82B to $1.78BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −4.0 pts
22.7% to 18.7%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: -36.8%
$8.89 to $5.62Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +12.7%
$15.45B to $17.40BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +10.2%
$5.50B to $6.06BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -7.2%
$3.51B to $3.26BNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -12.7%
$244.0M to $213.0MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
3 other measures barely moved. Figures compare the two most recent annual filings. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 1% and 5%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 22 analysts covering this company, as of . Their views, not this site's.
Of 22 analysts publishing on this company, 3 say strong buy, 8 say buy and 11 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 29.0x — investors pay $29.0 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
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| Median of peers | 7.3/10 | — | 11.1% | 10.0% | 30.29x | 1.13x |
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Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Signed a material agreement · Took on a direct financial obligation · Changed the rights attached to its shares · Changed control of the company · Had a director or senior officer leave or join · Amended or waived part of its code of ethics · Published results · Amended its charter or changed its financial year · Made a Regulation FD disclosure · Reported another event
Amended its charter or changed its financial year
Read the filingHad a director or senior officer leave or join · Reported another event
Read the filingAVCON RECEIVES FAA STC FOR HONEYWELL AEROSPACE REPLACEMENT EGPWS ON BOMBARDIER AND LEARJET AIRCRAFT
Yahoo Finance ·
Primary sources and further research