Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Common-Size Income Statement

Honeywell International Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Product sales 70.30 73.20 74.56 75.79 75.26
Service sales 29.70 26.80 25.44 24.21 24.74
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -46.31 -47.81 -49.67 -54.04 -52.49
Cost of services sold -16.41 -15.20 -14.48 -13.88 -13.81
Cost of products and services sold -62.72% -63.01% -64.15% -67.93% -66.30%
Gross profit 37.28% 36.99% 35.85% 32.07% 33.70%
Research and development expenses -3.97 -4.17 -3.88 0.00 0.00
Selling, general and administrative expenses -13.98 -14.70 -13.95 -14.62 -15.03
Operating income 19.32% 18.12% 18.03% 17.45% 18.66%
Interest income 0.88 0.39 0.30 0.33 0.69
Pension ongoing income, non-service 1.20 1.70 3.49 2.76 1.65
Other postretirement income, non-service 0.08 0.12 0.21 0.17 0.13
Equity income of affiliated companies 0.27 0.17 0.19 0.20 0.14
Gain (loss) on sale of non-strategic businesses and assets 0.01 0.06 0.30 -0.01 0.00
Foreign exchange gain (loss) -0.02 -0.14 -0.07 0.21 0.33
Expense related to UOP Matters 0.00 -0.13 -0.47 0.00 0.00
(Expense) benefit related to Russia-Ukraine conflict 0.01 -0.13 0.00 0.00 0.00
Reimbursement receivables charge 0.00 0.00 0.00 -1.56 0.00
Net expense related to the NARCO Buyout and HWI Sale -0.03 -0.96 0.00 0.00 0.00
Other, net -0.11 -0.05 0.06 -0.04 -0.04
Other income (expense) 2.29% 1.03% 4.01% 2.07% 2.90%
Interest and other financial charges -2.09 -1.17 -1.00 -1.10 -0.97
Income before taxes 19.53% 17.99% 21.04% 18.42% 20.59%
Tax expense -4.06 -3.98 -4.72 -3.51 -3.62
Net income 15.47% 14.00% 16.31% 14.91% 16.97%
Net income attributable to the noncontrolling interest -0.04 0.00 -0.20 -0.26 -0.24
Net income attributable to Honeywell 15.43% 14.00% 16.11% 14.64% 16.73%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Honeywell International Inc. operating income as a percentage of net sales increased from 2021 to 2022 and from 2022 to 2023.
Income before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Honeywell International Inc. income before taxes as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net income attributable to Honeywell The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Honeywell International Inc. net income attributable to Honeywell as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.