Filing Flows › Honeywell International (HON) › Q1 2025
Honeywell International (HON) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Honeywell International (HON) reported revenue of $9.8B for the first quarter 2025 (Q1 2025), +8% from a year earlier and +7% from the quarter before. Operating margin was 23.0%, net earnings $1.4B (14.8% of revenue).
Honeywell International, Q1 2025: revenue $9.8B (+8% year over year), operating margin 23.0%, net earnings $1.4B, operating cash flow $597M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.8B | +7% | +8% |
| Gross profit | $3.5B | +3% | +7% |
| Operating profit | $2.3B | +7% | +8% |
| Net earnings | $1.4B | +13% | -0.9% |
| Operating cash flow | $597M | -74% | +33% |
| Free cash flow | $346M | — | +61% |
What changed
Revenue was $9.8B in Q1 2025, up 8% year over year and up 7% from the previous quarter.
Gross margin was 35.2%, down 0.1 points from a year earlier. Operating profit was $2.3B, a 23.0% margin (unchanged year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, below the 23% margin then. Operating expenses grew 7% against revenue growth of 8%. Net earnings were $1.4B, down 1% year over year. The effective tax rate was 22.1%.
Operating cash flow was $0.60B (up 33% year over year), 41% of net earnings. Non-cash charges added back $0.37B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $1.3B. After capital expenditures ($0.25B), free cash flow as the company reports it was $0.35B.
Questions
What was Honeywell International's revenue in the first quarter 2025?
Honeywell International (HON) reported revenue of $9.8B for the first quarter 2025 (Q1 2025), +8% from a year earlier and +7% from the quarter before.
Was Honeywell International profitable in the first quarter 2025?
Operating profit was $2.3B (23.0% of revenue) and net earnings $1.4B.