Screener / SEC EDGAR /CIK 0000773840 /10-K filed Feb 17, 2026, compared with Feb 14, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
Nasdaq Industrials · Aircraft Engines

Honeywell Technologies HON

Headquarters
Charlotte, NC
CEO
Vimal Kapur
Next results
around Dec 21, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $37.4B through the costs to a net profit of $4.7B · income statement of the 10-K

22% operating margin
Revenue to Gross profit: $13.8BRevenue to Cost of revenue: $23.6BGross profit to Operating profit: $8.1BGross profit to Operating expenses: $5.7BOperating profit to Net profit: $4.7BOperating profit to Tax & other: $3.4BOperating expenses to R&D: $1.8BOperating expenses to Sales, admin & other: $3.9B Revenue: $37.4B REVENUE $37.4B +8% Y/Y Gross profit: $13.8B · 37% margin GROSS PROFIT $13.8B 37% margin Cost of revenue: $23.6B · 63% of revenue COST OF REVENUE $23.6B 63% of revenue Operating profit: $8.1B · 22% margin OPERATING PROFIT $8.1B 22% margin · +6% Y/Y Operating expenses: $5.7B · 15% of revenue OPERATING EXPENSES $5.7B 15% of revenue Net profit: $4.7B · 13% margin NET PROFIT $4.7B 13% margin · −17% Y/Y Tax & other: $3.4B · 9% of revenue TAX & OTHER $3.4B 9% of revenue R&D: $1.8B · 5% of revenue R&D $1.8B 5% of revenue Sales, admin & other: $3.9B · 10% of revenue SALES, ADMIN & OTHER $3.9B 10% of revenue
Gross profit $13.8B 37% margin
Operating profit $8.1B 22% margin · +6% Y/Y
Net profit $4.7B 13% margin · −17% Y/Y
The full income statement, year by year

HON among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 7.8%, above 69% of 81 peers (their median 4.6%) REVENUE GROWTH 7.8% · above 69% Gross margin: 37.2%, above 43% of 51 peers (their median 38.6%) GROSS MARGIN 37.2% · above 43% Operating margin: 22.7%, above 75% of 71 peers (their median 17.5%) OPERATING MARGIN 22.7% · above 75% Net margin: 18.7%, above 83% of 81 peers (their median 13.0%) NET MARGIN 18.7% · above 83% FCF margin: 2.6%, above 8% of 78 peers (their median 13.3%) FCF MARGIN 2.6% · above 8% Return on capital: 17.0%, above 72% of 65 peers (their median 13.8%) RETURN ON CAPITAL 17.0% · above 72%
HON Peer median Below the median

What changed

7 new risk paragraphs. 10-K filed Feb 17, 2026 against Feb 14, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +5.2% vs revenue +7.8% (-2.7 pts)
  • Cash from operations $6.4B vs net income $4.7B (FY ending Dec 31, 2025)
  • Inventory +4.7% vs revenue +7.8% (-3.1 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Charlotte, North Carolina; February 17, 2026
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    In addition, the Company and each of its businesses has been, and may continue to be, negatively affected by global macroeconomic conditions, including the impacts of inflation, high interest rates, supply chain and labor disruptions, unemployment rates, geopolitical instability and regional conflicts, the adoption and expansion of, and…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    The U.S. continues to implement certain trade actions, including imposing tariffs on certain goods imported from China and other countries, which has resulted in retaliatory tariffs by China and other countries. The recent changes in U.S. trade policy involving the application or increase of tariffs and the subsequent retaliatory…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    In certain of our businesses, our contracts are typically awarded on a competitive basis. Our bids are based upon, among other factors, the cost to timely provide the products and services. To generate an acceptable return, we must accurately estimate our input costs and delivery schedules. If we fail to do so, the profitability of…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    We have divested a number of businesses, including as part of spin-offs. With respect to some of these former businesses, we have contractually agreed to indemnify the counterparties against, or otherwise retain, certain liabilities, including, certain lawsuits, product liability claims, and environmental matters. Even without ongoing…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$35.5B$33.0B$34.7B$37.4B
Net income$5.0B$5.7B$5.7B$4.7B
Operating cash flow$5.3B$5.3B$6.1B$6.4B
Free cash flow$4.5B$4.6B$5.2B$5.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$37.4B ▲ 7.8% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Honeywell Technologies, Charlotte, NC · from the 10-K filed Feb 17, 2026

Headquarters
Charlotte, NC
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 22, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 17, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/HON/export.csv") into a cell.