Aureus
AExcellent

Honeywell International Inc.(HON)

A

Financial data as of Dec 31, 2024Improving · Industrials

FCF Margin12.8%Free Cash Flow / Revenue
Cash Conversion106.9%Operating CF / Net Income
Free Cash Flow$4.9B
Revenue$38.5B
Net Cash-$21.7BNet debt position
Debt / FCF6.5xElevated debt burden
Current Ratio1.31Adequate short-term liquidity
YoY FCF Growth+69.6%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (6.5x)
→
+0.5Healthy FCF margin with manageable debt (12.8%, 6.5x)
→
+1Strong YoY FCF growth (69.6% YoY)
→
FinalA

Analysis Summary

Strengths

  • Healthy FCF margin (12.8%)
  • Excellent cash conversion (107%)
  • Strong YoY FCF growth (+69.6%)
  • FCF trend is improving

Concerns

  • Heavy debt position ($21.7B)
  • High debt-to-FCF ratio (6.5x)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin12.8%
Net Margin14.8%
Operating CF Margin15.8%
CapEx Ratio3.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$21.7BNet debt position
Debt / FCF6.5xElevated debt burden
Current Ratio1.31Adequate liquidity
Debt / Equity1.73Moderate leverage

Quarterly FCF Trend

+69.6% YoYImproving (+69.6%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameHoneywell International Inc.
SectorIndustrials
Free Cash Flow$4.9B
Revenue$38.5B
Net Income$5.7B
Operating Cash Flow$6.1B
Capital Expenditure$1.2B
FCF Margin12.8%
Cash Conversion Rate106.9%
Net Margin14.8%
Total Debt$32.2B
Total Cash$10.6B
Net Cash-$21.7B
Current Ratio1.31
Debt / Equity1.73
Debt / FCF6.5x
YoY FCF Growth+69.6%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance