Q4 25 EPS
$2.59
BEAT +1.97%
Est. $2.54
Q4 25 Revenue
$9.76B
BEAT +38.99%
Est. $7.02B
vs S&P Since Q4 25
-8.8%
TRAILING MARKET
HON -5.0% vs S&P +3.8%
Full Year 2025 Results
FY 25 EPS
$9.78
BEAT +0.66%
Est. $9.72
FY 25 Revenue
$37.44B
MISS 0.43%
Est. $37.60B
Market Reaction
Did HON Beat Earnings? Q4 2025 Results
Honeywell closed out fiscal 2025 with a strong fourth quarter, posting adjusted EPS of $2.59 against a consensus estimate of $2.54, a beat of 1.97%, while revenue of $9.76 billion cleared the $7.02 billion estimate by nearly 39%, though reported sale… Read more Honeywell closed out fiscal 2025 with a strong fourth quarter, posting adjusted EPS of $2.59 against a consensus estimate of $2.54, a beat of 1.97%, while revenue of $9.76 billion cleared the $7.02 billion estimate by nearly 39%, though reported sales slipped 3.3% year over year amid ongoing portfolio transformation. The single most compelling driver was Aerospace Technologies, where 21% organic sales growth, powered by commercial aftermarket momentum and a sustained defense build-up, anchored the quarter's outperformance. Record orders grew 23% organically, pushing backlog above $37.00 billion, a figure that underscores the durability of demand even as GAAP results were weighed down by a $373.00 million Flexjet litigation charge and goodwill impairments tied to businesses classified as held for sale. Honeywell's ongoing restructuring pressure has not derailed its trajectory; management guided 2026 adjusted EPS to $10.35 to $10.65, representing 6% to 9% growth, with free cash flow expected between $5.30 billion and $5.60 billion as the planned aerospace separation moves ahead to Q3 2026.
Key Takeaways
- • Strong commercial aftermarket demand in aerospace with 13% organic growth
- • Defense and space sales rose 10% driven by sustained elevated global demand
- • Orders grew 23% organically in Q4, driving record backlog over $37 billion
- • Building Automation organic growth of 8% led by double-digit services growth
- • Commercial original equipment growth accelerated from improving supply chain
- • LNG acquisition contributing to ESS orders growth
HON YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
HON Revenue by Segment
With YoY comparisons, source: SEC Filings
“We concluded 2025 with strong results that exceeded the high end of our guidance for adjusted sales and adjusted EPS. Orders grew 23% stemming from robust demand in the Aerospace Technologies and Energy and Sustainability Solutions segments, including from our LNG acquisition that closed last year. As a result, we exited 2025 with a record backlog of over $37 billion which positions us well for 2026.”
— Vimal Kapur, Q4 2025 Earnings Press Release
HON Earnings Trends
HON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HON EPS Trend
Earnings per share: estimate vs actual
HON Revenue Trend
Quarterly revenue: estimate vs actual
HON Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.45 | — | $9.14B | -1.48% |
| Q4 25 BEAT FY | $2.54 | $2.59 | +1.97% | $9.76B | +38.99% |
| FY Full Year | $9.72 | $9.78 | +0.66% | $37.44B | -0.43% |
| Q3 25 BEAT | $2.57 | $2.82 | +9.87% | $10.41B | +2.46% |
| Q2 25 BEAT | $2.66 | $2.75 | +3.49% | $10.35B | +2.87% |
| Q1 25 BEAT | $2.21 | $2.51 | +13.64% | $9.82B | +2.32% |