Honeywell International (MEX:HON) Operating Income: MXN107,501 Mil (TTM As of Jun. 2026)

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MEX:HON Honeywell International Inc MEX:HON
67 GF Score
Price MXN4,125.00
GF Value MXN3,085.84
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Honeywell International Operating Income?

Honeywell International MEX:HON +1.75% 67 Operating Income is MXN107,501 Mil as of Jun. 2026. GuruFocus rates MEX:HON with a GF Score™ of 67/100 and a GF Value™ of MXN3,085.84 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Honeywell International's Operating Income for the three months ended in Jun. 2026 was MXN31,146 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was MXN107,501 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Honeywell International's Operating Income for the three months ended in Jun. 2026 was MXN31,146 Mil. Honeywell International's Revenue for the three months ended in Jun. 2026 was MXN169,587 Mil. Therefore, Honeywell International's Operating Margin % for the quarter that ended in Jun. 2026 was 18.37%.

Good Sign:

Honeywell International Inc operating margin is expanding. Margin expansion is usually a good sign.

Honeywell International's 5-Year average Growth Rate for Operating Margin % was 0.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honeywell International's annualized ROC % for the quarter that ended in Jun. 2026 was 10.04%. Honeywell International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 375.01%.


Honeywell International  (MEX:HON) Operating Income Explanation

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

Honeywell International's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=124585.86 * ( 1 - 20.96% )/( (943921.683 + 1017276.7)/ 2 )
=98472.663744/980599.1915
=10.04 %

where

Invested Capital(Q: Mar. 2026 )
=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))
=1334203.409 - 236913.613 - ( 223425.153 - max(0, 398252.18 - 551620.293+223425.153))
=943921.683

Invested Capital(Q: Jun. 2026 )
=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))
=1349575.456 - 247060.391 - ( 160461.004 - max(0, 404712.106 - 489950.471+160461.004))
=1017276.7

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

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

Honeywell International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=550830.032/( ( (84104.513 + max(69317.698, 0)) + (80160.706 + max(60181.601, 0)) )/ 2 )
=550830.032/( ( 153422.211 + 140342.307 )/ 2 )
=550830.032/146882.259
=375.01 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(145379.628 + 114850.266 + 67965.246) - (236913.613 + 0 + 21963.829)
=69317.698

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(145472.313 + 111691.049 + 72326.105) - (247060.391 + 0 + 22247.475)
=60181.601

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Honeywell International's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=31146.465/169586.831
=18.37 %

* 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 International Operating Income Related Terms


Honeywell International Operating Income Historical Data

* Premium members only.

The historical data trend for Honeywell International'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 International Operating Income Chart

Honeywell International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 127,186.80 125,300.79 103,712.66 139,065.81 118,243.43

Honeywell International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34,702.22 32,175.73 12,856.07 31,322.80 31,146.47
MEX:HON
67GF Score
Honeywell International Inc MEX:HON
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Honeywell International 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.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN107,501 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 MXN107,501 Mil mean?
Honeywell International (MEX:HON) has a Operating Income of MXN107,501 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honeywell International and its competitors.
Is Honeywell International's Operating Income too high?
Honeywell International's current Operating Income is MXN107,501 Mil. Overall, Honeywell International has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell International's Operating Income compare to MMM and VMI?
Honeywell International's Operating Income of MXN107,501 Mil can be compared against companies in the Conglomerates 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 a Conglomerates company?
A good Operating Income depends on the Conglomerates 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 International and its competitors. Honeywell International's current Operating Income is MXN107,501 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell International stock overvalued right now?
Based on GuruFocus' analysis, Honeywell International (MEX:HON) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN3,085.84, compared to a current price of MXN4,125.00 — trading 33.7% above its estimated fair value. The current Operating Income is MXN107,501 Mil. Honeywell International's overall GF Score™ is 67/100 with 8 warning signs 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 International (MEX:HON), the current Operating Income is MXN107,501 Mil as of Jun. 2026. 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.

Is Honeywell International (MEX:HON) Overvalued in 2026?

Based on GuruFocus' analysis, Honeywell International stock appears to be overvalued. The current stock price of MXN4,125.00 is trading 33.7% above its estimated GF Value™ of MXN3,085.84. GuruFocus considers Honeywell International to be Significantly Overvalued.

Key valuation signals for MEX:HON:

  • Operating Income: MXN107,501 Mil
  • GF Value™: MXN3,085.84 vs. price of MXN4,125.00 (33.7% above fair value)
  • GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the MEX:HON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honeywell International Business Description

Address 855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
67GF Score

Get the complete analysis for MEX:HON

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

MXN4,125.00
Price
MXN3,085.84
GF Value