HONEYWELL INTERNATIONAL INC（HON）の決算・業績分析
HONEYWELL INTERNATIONAL INCの2025年有価証券報告書をAI分析。売上高$37.4B(-2.7%)。営業利益$8.1B。Industrials。
目次
HONEYWELL INTERNATIONAL INCの2025年度 業績サマリー
HONEYWELL INTERNATIONAL INC（証券コード: HON）の2025年度決算・業績分析。売上高は$37.4B（前年比-2.7%）。営業利益は$8.1B（前年比-6.6%）。純利益は$4.7B（前年比-17.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
HONEYWELL INTERNATIONAL INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue increased 3.1% YoY to $35.5B (XBRL), but net income declined 10.4% YoY to $5.0B (XBRL).
- Operating margin remained strong at 22.6% (XBRL), with EBITDA of $9.2B (26.0% margin) (XBRL).
- Shareholder returns totaled $6.9B (XBRL), including $2.7B in dividends and $4.2B in share repurchases.
- Net debt to EBITDA ratio was 2.1x (XBRL), with $19.3B in net debt (XBRL).
HONEYWELL INTERNATIONAL INCの売上高変化の要因
- •Total revenue rose 3.1% YoY to $35.5B (XBRL), though segment-specific revenue figures are not disclosed (N/A). Growth drivers include strategic initiatives and spin-offs (e.g., Advanced Materials) (10-K). However, revenue is projected to decline in FY2025 to $33.0B (Historical Time Series).
HONEYWELL INTERNATIONAL INCの営業利益変化の要因
- •Operating income was $8.0B (22.6% margin) (XBRL), but net income fell 10.4% YoY to $5.0B (XBRL). EBITDA reached $9.2B (26.0% margin) (XBRL). Gross profit data is unavailable (N/A). Operating margin stability contrasts with net income decline, likely due to lower operating income, interest, and taxes (10-K).
HONEYWELL INTERNATIONAL INCの事業リスクと対応
Macroeconomic/industry risks tied to aerospace demand, supply chains, and geopolitical events (10-K).
Industrial automation risks from reduced investments and commoditization (10-K).
Building automation risks due to construction downturns and inventory fluctuations (10-K).
Energy and sustainability risks from raw material volatility and capacity utilization (10-K).
International operations risks including currency, trade barriers, and geopolitical instability (10-K).
Regulatory risks from antitrust laws, trade restrictions, and intellectual property challenges (10-K).
Competitive risks from new entrants and technology disruption in automation and energy sectors (10-K).
HONEYWELL INTERNATIONAL INCの今後の見通し・業績予想
HONEYWELL INTERNATIONAL INCの事業内容
Honeywell International Inc (HON) operates through segments focused on automation, aviation, and energy transition, generating revenue by blending physical products with software solutions (10-K). Key segments include Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. Competitive advantages include proprietary platforms like Honeywell Accelerator and Honeywell Forge IoT (10-K). The company serves global customers without significant customer concentration (N/A).
HONEYWELL INTERNATIONAL INCのAI業績分析レポート（2024年度）
Honeywell International Inc (HON) FY2024 Annual Report Analysis
Highlights
Business Overview
Honeywell generates revenue through automation, aviation, and energy transition solutions, combining physical products with software (10-K). Key segments include Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. Competitive advantages include proprietary platforms like Honeywell Accelerator and Honeywell Forge IoT (10-K). No significant customer concentration is indicated (N/A).
Revenue Analysis
Total revenue rose 3.1% YoY to $35.5B (XBRL), though segment-specific revenue figures are not disclosed (N/A). Growth drivers include strategic initiatives and spin-offs (e.g., Advanced Materials) (10-K). However, revenue is projected to decline in FY2025 to $33.0B (Historical Time Series).
Profitability Analysis
Operating income was $8.0B (22.6% margin) (XBRL), but net income fell 10.4% YoY to $5.0B (XBRL). EBITDA reached $9.2B (26.0% margin) (XBRL). Gross profit data is unavailable (N/A). Operating margin stability contrasts with net income decline, likely due to lower operating income, interest, and taxes (10-K).
Balance Sheet Analysis
Equity ratio was 25.8% (XBRL), with $15.9B in total equity (Historical Time Series). Current ratio stood at 1.27x (XBRL). ROE was 31.3% (XBRL), while ROA was 8.1% (XBRL). Cash reserves totaled $7.9B (XBRL), but long-term debt reached $27.3B (XBRL), resulting in a net debt of $19.3B (2.1x EBITDA) (XBRL).
Cash Flow Analysis
Operating cash flow was $5.3B (XBRL), with free cash flow of $4.5B (XBRL) after $766M in CapEx (XBRL). Investing activities totaled -$93M (XBRL), while financing activities included -$6.3B (XBRL) from dividends ($2.7B) and share repurchases ($4.2B) (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was 66 days (XBRL), with receivables at 78 days, inventory at 101 days, and payables at 112 days (XBRL).
Risks
Outlook
Management highlights macroeconomic volatility, spin-offs (e.g., Advanced Materials), and supply chain mitigation strategies as key trends impacting future results (10-K). No explicit forward-looking guidance is provided (N/A).
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