Honeywell International (BUE:HON) Gross Margin %

: 34.31% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Honeywell International's Gross Profit for the three months ended in Dec. 2023 was ARS1,169,279 Mil. Honeywell International's Revenue for the three months ended in Dec. 2023 was ARS3,407,840 Mil. Therefore, Honeywell International's Gross Margin % for the quarter that ended in Dec. 2023 was 34.31%.

The historical rank and industry rank for Honeywell International's Gross Margin % or its related term are showing as below:

BUE:HON' s Gross Margin % Range Over the Past 10 Years
Min: 28.16 Med: 31.37 Max: 37.28
Current: 37.28

During the past 13 years, the highest Gross Margin % of Honeywell International was 37.28%. The lowest was 28.16%. And the median was 31.37%.

BUE:HON's Gross Margin % is ranked better than
72.29% of 480 companies
in the Conglomerates industry
Industry Median: 25.03 vs BUE:HON: 37.28

Honeywell International had a gross margin of 34.31% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Honeywell International was 4.10% per year.

Honeywell International Gross Margin % Historical Data

The historical data trend for Honeywell International's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Honeywell International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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33.70

32.07

35.85

36.99

37.28

Honeywell International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															37.20	37.97	38.49	38.45	34.31

Competitive Comparison

For the Conglomerates subindustry, Honeywell International's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Honeywell International Gross Margin % Distribution

For the Conglomerates industry and Industrials sector, Honeywell International's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Honeywell International's Gross Margin % falls into.

Honeywell International Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Honeywell International's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	4933787	/	13234982.012
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13234982.012 - 8301195.008)	/	13234982.012
	=	37.28 %

Honeywell International's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1169279	/	3407840.003
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3407840.003 - 2238561.002)	/	3407840.003
	=	34.31 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Honeywell International (BUE:HON) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Honeywell International had a gross margin of 34.31% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Honeywell International Gross Margin % Related Terms

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Honeywell International (BUE:HON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Honeywell International Inc (BUE:HON) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

HON:USA HON:Mexico 1HON:Italy ALD:Germany HON:Chile HON:Canada HONB34:Brazil HON:Austria

Address

855 South Mint Street, Charlotte, NC, USA, 28202

Website

https://www.honeywell.com

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.