HONA (Honeywell Aerospace) Operating Income: $ Mil (TTM As of Dec. 2025)

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HONA Honeywell Aerospace Inc HONA
21 GF Score
Price $166.36
! 1 Warning Sign
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What is Honeywell Aerospace Operating Income?

Honeywell Aerospace HONA -2.03% 21 Operating Income is $ Mil as of Dec. 2025. GuruFocus rates HONA with a GF Score™ of 21/100. The stock has 1 warning sign investors should review.

Honeywell Aerospace's Operating Income for the six months ended in Dec. 2025 was $3,257 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Honeywell Aerospace's Operating Income for the six months ended in Dec. 2025 was $3,257 Mil. Honeywell Aerospace's Revenue for the six months ended in Dec. 2025 was $17,404 Mil. Therefore, Honeywell Aerospace's Operating Margin % for the quarter that ended in Dec. 2025 was 18.71%.

Honeywell Aerospace's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honeywell Aerospace's annualized ROC % for the quarter that ended in Dec. 2025 was 19.71%. Honeywell Aerospace's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 119.59%.

Honeywell Aerospace  (NAS:HONA) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Honeywell Aerospace's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=3257 * ( 1 - 22.96% )/( (12529 + 12930)/ 2 )
=2509.1928/12729.5
=19.71 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=16845 - 4072 - ( 244 - max(0, 5819 - 7670+244))
=12529

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17685 - 4542 - ( 213 - max(0, 6577 - 8390+213))
=12930

Note: The Operating Income data used here is one times the annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Honeywell Aerospace's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3174/( ( (2253 + max(431, 0)) + (2355 + max(269, 0)) )/ 2 )
=3174/( ( 2684 + 2624 )/ 2 )
=3174/2654
=119.59 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2019 + 3889 + 308) - (4072 + 1359 + 354)
=431

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2156 + 4311 + 344) - (4542 + 1589 + 411)
=269

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Honeywell Aerospace's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=3257/17404
=18.71 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Honeywell Aerospace Operating Income Related Terms

Honeywell Aerospace Operating Income Historical Data

* Premium members only.

The historical data trend for Honeywell Aerospace's Operating Income 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.

Honeywell Aerospace Operating Income Chart

Honeywell Aerospace Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
3,564.00 3,509.00 3,257.00

Honeywell Aerospace Semi-Annual Data
Dec23 Dec24 Dec25
Operating Income 3,564.00 3,509.00 3,257.00
HONA
21GF Score
Honeywell Aerospace Inc HONA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Honeywell Aerospace Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $ Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $ Mil mean?
Honeywell Aerospace (HONA) has a Operating Income of $ Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honeywell Aerospace and its competitors.
Is Honeywell Aerospace's Operating Income too high?
Honeywell Aerospace's current Operating Income is $ Mil. Overall, Honeywell Aerospace has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Honeywell Aerospace's Operating Income compare to TDG and LHX?
Honeywell Aerospace's Operating Income of $ Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honeywell Aerospace and its competitors. Honeywell Aerospace's current Operating Income is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Aerospace stock overvalued right now?
Honeywell Aerospace (HONA) has a current Operating Income of $ Mil. The current Operating Income is $ Mil. Honeywell Aerospace's overall GF Score™ is 21/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Honeywell Aerospace (HONA), the current Operating Income is $ Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Honeywell Aerospace Business Description

Other Exchanges HONA:Mexico
Address 1944 E Sky Harbor Cir N, Phoenix, AZ, USA, 85034
Honeywell Aerospace Inc operates as an aerospace and defense supplier of systems and technologies that enable the production, maintenance, and safe operation of aerospace and defense platforms. Its products support original equipment manufacturer (OEM), government, defense prime contractor, and aircraft operator customers across the Commercial Air Transport, Business Aviation, and Defense and Space end markets. The company has three operating segments: Electronic Solutions (ES), Engines & Power Systems (E&PS), and Control Systems (CS ). The majority of revenue is derived from the Electronic Solutions segment, which offers Avionics, Navigation and Sensors, Electromagnetic Defensive Solutions, and Space systems. Geographically, the maximum revenue is generated from the United States.
21GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$166.36
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