Honeywell (HON) Q3 2025 10-Q Quarterly Report
Honeywell (HON) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 23, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Honeywell Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $10.4B Q3 2025, up 7% YoY from $9.7B in Q3 2024; YTD revenue $30.2B, up 8% from $27.9B
- • Gross margin 34.1% Q3 2025 vs 38.5% Q3 2024; YTD margin 37.1% vs 38.7% YTD 2024
- • Best segment: Aerospace Technologies revenue $4.51B up 15%, segment margin 26.1% vs 27.7% YoY; Worst segment: Industrial Automation revenue $2.27B down 9%, margin 18.8% vs 20.3% YoY
- • Cash and equivalents $12.9B up $2.3B YoY; operating cash flow $5.2B YTD, up $1.4B; capital expenditures $928M YTD; share repurchases $3.7B YTD
- • Management highlights macroeconomic risks, ongoing portfolio transformation with PPE divestiture, Sundyne acquisition, Advanced Materials spin-off effective Oct 2025, and planned separation of Automation and Aerospace by 2H 2026
Risk Factors
- • New risk: ongoing U.S. federal government shutdown causing potential labor costs without reimbursement and delayed government contract orders
- • Updated risk: Aerospace demand affected by new entrants and non-traditional market players impacting competitive landscape
- • Regulatory/legal risk: counterfeit parts in global supply chain posing compliance risks in Defense and Space segment
- • Market risk: Energy and Sustainability Solutions exposed to oil and gas price volatility reducing customer investment and product demand
- • Financial risk: macroeconomic conditions including inflation, high interest rates, and trade restrictions impacting costs, demand, and cash flows
Honeywell Q3 2025 Quarterly FinancialsXBRL
Revenue
$10.4B
▲ +7.0% YoY▲ +0.5% QoQ
Net Income
$1.8B
▲ +29.2% YoY▲ +16.2% QoQ
Net Margin
17.5%
▲ +301bp YoY▲ +237bp QoQ
Source: XBRL data from Honeywell Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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