Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $32,637 | $34,392 | $35,466 | $36,662 | $38,498 |
| Gross Profit | $10,468 | $10,998 | $11,641 | $13,667 | $14,662 |
| Operating Income | N/A | N/A | $8,022 | $8,598 | $8,699 |
| Net Income | $4,779 | $5,542 | $4,966 | $5,658 | $5,705 |
Over the five-year period reviewed, Honeywell International’s revenue has steadily increased from USD 32,637 million in 2020 to USD 38,498 million in 2024, representing an overall growth of approximately 18%. Gross profit has also shown a consistent upward trend, rising from USD 10,468 million in 2020 to USD 14,662 million in 2024. The early years (2020 and 2021) did not report operating income, but starting in 2022, operating income emerged significantly at USD 8,022 million and then increased slightly to USD 8,699 million by 2024. This notable transition indicates potential improvements in internal operational reporting or changes in cost structures that resulted in a clearer picture of profitability from core operations. Net income figures have been somewhat volatile, increasing from USD 4,779 million in 2020 to USD 5,542 million in 2021, then dipping to USD 4,966 million in 2022 before recovering to USD 5,658 million and USD 5,705 million in 2023 and 2024, respectively. While these fluctuations do not exceed a 20% swing year-over-year, the decline in net income from 2021 to 2022 despite rising revenues could suggest rising costs, investment in growth initiatives, or other operational challenges. Overall, Honeywell appears to be on a financially sound trajectory with steady revenue and gross profit growth, a recent stabilization in operating income, and a recovery in net income. These trends, coupled with the company’s diversified industrial portfolio, indicate a sustainable financial performance in a competitive market landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.