Honeywell International Inc HON

Revenue Intelligence Report • 16 quarters of SEC filing data • Updated 2026-03-06

Honeywell International Inc's revenue is primarily driven by its strategic investments in research and development, yielding a robust long-run return of $110.60 for every dollar spent, while SG&A expenditures negatively impact revenue. Despite a recent quarterly revenue of $9,758M, the company's holdout test revealed a 14.4% prediction error, indicating some forecasting challenges. Looking ahead, the fiscal year forecast projects a revenue decline of 10.6% year-over-year, suggesting potential headwinds in achieving growth. Investors should closely monitor the effectiveness of R&D investments and the overall market conditions impacting Honeywell's performance.

Next FY Revenue

$33.48B

-10.6% YoY

R&D Multiplier

$110.60 per $1

SG&A Multiplier

$-76.59 per $1

Model Accuracy

2.7% MAPE

Holdout validation: The model predicted $8B vs the actual $10B — an error of 14.4%.

⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q4 2025	$8B	$10B	$8B – $9B	-8.9%	✗ Outside range
Q2 2026	$9B		$8B – $9B	-3.6%
Q3 2026	$9B		$8B – $10B	-4.1%
Q4 2026	$8B		$6B – $9B	-19.1%
Q1 2027	$8B		$7B – $10B	-15.0%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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