HON Honeywell International margins

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Relative Growth: Rel. Growth: 33
Relative Strength: Rel. Strength: 17
Relative Valuation: Rel. Valuation: 87
Relative Profitability: Rel. Profitability: 74
Gross margin
38%
Operating margin
12.4%
EBITDA margin
35.3%
Net margin
23%

Recent Honeywell International shows a gross margin of 38%, an operating margin of 12.4%, an EBITDA margin of 35.3%, and a net margin of 23%. Among the available margins, EBITDA margin improved the most and operating margin declined the most, by 4.8 and 8.4 percentage points respectively.

HON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Honeywell International's margins averaged 37.88% gross, 18.88% operating, 28.03% EBITDA, and 17.88% net. For Honeywell International, gross, EBITDA, and net margins are above their three-year averages, while operating margin is below its three-year average.

HON margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, EBITDA margin expanded by 4.8 percentage points and net margin by 2.2 percentage points, while gross margin contracted by 0.2 percentage points and operating margin by 8.4 percentage points.

Gross margin expansion
-0.2pp
Operating margin expansion
-8.4pp
EBITDA margin expansion
4.8pp
Net margin expansion
2.2pp

HON Gross margin

Over the last 3 years, Honeywell International's gross margin averaged 37.88%. Right now, Honeywell International's current gross margin is 38%, which is 0.1 percentage points above its three-year average. During this period, gross margin reached a high of 38.6% in Jun 2025 and a low of 36.9% in Dec 2025.

HON Operating margin

Over the last 3 years, Honeywell International's operating margin averaged 18.88%. The current operating margin of 12.4% is 6.5 percentage points below its three-year average. During this period, operating margin reached a high of 21.4% in Jun 2024 and a low of 12.4% in Sep 2026.

HON EBITDA margin

Honeywell International recorded an average EBITDA margin of 28.03% across the last 3 years. Honeywell International currently reports an EBITDA margin of 35.3%, 7.3 percentage points above its three-year average. During this period, EBITDA margin reached a high of 39.9% in Jun 2026 and a low of 22.5% in Mar 2026.

HON Net margin

Across the last 3 years, Honeywell International's net margin stood at 17.88%. The current net margin stands at 23%, 5.1 percentage points above its three-year average. Net margin was highest at 26.8% in Jun 2026 and lowest at 12.6% in Dec 2025.

HON margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 38%, HON stands higher than the Industrials sector, the industry and its peers average. Looking at the Industrials sector average of 32.7%, Honeywell International's gross margin is 16% higher.

HON margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Honeywell International's gross margin?

The current gross margin for HON is 38% as of Sep 30, 2026.

What is Honeywell International's operating margin?

The current operating margin for HON is 12.4% as of Sep 30, 2026.

What is Honeywell International's EBITDA margin?

As of Sep 30, 2026, HON has an EBITDA margin of 35.3%.

What is Honeywell International's net margin?

The current net margin for HON is 23% as of Sep 30, 2026.

What are the average margins of HON?

Across the last 3 years, HON averaged 37.9% gross, 18.9% operating, 28.0% EBITDA, and 17.9% net.

What are the highest historical margins of HON?

Within the 5-year period, HON recorded its highest margins at 39.4% gross in Sep 2022, 23.9% operating in Sep 2022, 39.9% EBITDA in Jun 2026, and 26.8% net in Jun 2026.

What are the lowest historical margins of HON?

Honeywell International's lowest recorded margins during the past 5 years were 35.9% gross in Dec 2021, 12.4% operating in Sep 2026, 22.5% EBITDA in Dec 2022, and 12.6% net in Dec 2025.