Honeywell International
Honeywell International returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 14.52% | 14.19% | -75.35% | 47.43% | 10.55% | 6.8 pp |
| FY 2026 Q1 | Mar 31, 2026 | 16.82% | 15.23% | — | 26.41% | 5.5% | 9.1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 17.27% | 15.6% | — | 29.08% | 6.35% | 9.6 pp |
| FY 2025 Q3 | Sep 30, 2025 | 18.79% | 16.29% | 31.55% | 35.85% | 7.94% | 11.1 pp |
| FY 2025 Q2 | Jun 30, 2025 | 18.5% | 17.19% | 16% | 34.6% | 7.74% | 10.8 pp |
| FY 2025 Q1 | Mar 31, 2025 | 19.6% | 17.33% | 9.23% | 33.56% | 8.08% | 11.9 pp |
| FY 2024 Q4 | Dec 31, 2024 | 20.17% | 17.95% | 8.67% | 33.1% | 8.35% | 12.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | 18.56% | 16.32% | -5.43% | 32.81% | 8.43% | 10.9 pp |
| FY 2024 Q2 | Jun 30, 2024 | 18.55% | 16.66% | -10.26% | 33.78% | 8.79% | 10.8 pp |
| FY 2024 Q1 | Mar 31, 2024 | 20.04% | 16.76% | -55.92% | 34.32% | 9.12% | 12.3 pp |
| FY 2023 Q4 | Dec 31, 2023 | 21.32% | 17.73% | -15.04% | 34.76% | 9.14% | 13.6 pp |
| FY 2023 Q3 | Sep 30, 2023 | 23.31% | 19.75% | — | 30.99% | 8.91% | 15.6 pp |
| FY 2023 Q2 | Jun 30, 2023 | 22.47% | 19.18% | — | 31.3% | 8.75% | 14.8 pp |
| FY 2023 Q1 | Mar 31, 2023 | 21.92% | 19.23% | — | 29.62% | 8.48% | 14.2 pp |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | — | — | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | — | — | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 21.61% | 6.05% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 28.88% | 8.27% | — |
| FY 2021 Q2 | Sep 30, 2021 | — | — | — | 34.63% | 9.75% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 25.96% | 7.65% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 26.52% | 7.75% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 27.54% | 8.06% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 32.47% | 9.64% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 34.65% | 10.88% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 33.5% | 10.55% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 34.68% | 10.33% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 39.56% | 11.93% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 37.08% | 11.28% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 38.16% | 11.55% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 13.39% | 4.43% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 8.64% | 2.84% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 9.32% | 3.05% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 9.03% | 2.92% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 25.33% | 9.25% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 25.47% | 9.34% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 25.35% | 9.29% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 25.54% | 9.3% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 26.53% | 9.79% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 26.46% | 10.09% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 27.07% | 10.11% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 26.53% | 10.06% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 24.69% | 9.76% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 23.86% | 9.53% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 24.46% | 9.52% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 24.14% | 9.33% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 24.96% | 9.34% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 24.96% | 9.13% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 25.34% | 9.08% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 25.78% | 8.99% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 22.98% | 7.55% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 24.74% | 7.74% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 24.37% | — | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 24.61% | 7.17% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 19.08% | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 18.92% | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 18.65% | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 19.25% | 5.32% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 24.97% | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 22.61% | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 19.74% | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 20.73% | 5.48% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 15.16% | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 18.45% | — | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · HON, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.