Service — Cost of Product and Service Sold
Honeywell International Service — Cost of Product and Service Sold decreased by 1.4% to $1.74B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.5%, from $1.79B to $1.74B. Over 4 years (FY 2021 to FY 2025), Service — Cost of Product and Service Sold shows an upward trend with a 10.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression or rising input costs, while a decrease indicates improved operational efficiency or better cost management.
Detailed definition
This metric represents the direct costs attributable to the production of goods and the delivery of services within a sp...
Peer comparison
Standardized as Cost of Goods Sold (COGS) or Cost of Services across most industrial and service-based companies.
hon_segment_service_cost_of_product_and_service_soldHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.24B | $1.24B | $1.24B | $1.27B | $1.33B | $1.31B | $1.49B | $1.43B | $1.49B | $1.58B | $1.52B | $1.55B | $1.61B | $1.81B | $1.64B | $1.79B | $1.78B | $2.13B | $1.77B | $1.74B |
| QoQ Change | — | +0.0% | +0.0% | +1.6% | +5.2% | -1.7% | +13.8% | -3.9% | +4.4% | +5.8% | -4.1% | +2.2% | +3.9% | +12.7% | -9.6% | +9.0% | -0.3% | +19.4% | -17.0% | -1.4% |
| YoY Change | — | — | — | — | +6.9% | +5.1% | +19.5% | +13.0% | +12.2% | +20.8% | +1.8% | +8.3% | +7.8% | +14.7% | +8.2% | +15.4% | +10.7% | +17.3% | +7.7% | -2.5% |
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Frequently Asked Questions
- What is Honeywell International's service — cost of product and service sold?
- Honeywell International (HON) reported service — cost of product and service sold of $1.74B in Q1 2026.
- How has Honeywell International's service — cost of product and service sold changed year-over-year?
- Honeywell International's service — cost of product and service sold decreased by 2.5% year-over-year, from $1.79B to $1.74B.
- What is the long-term trend for Honeywell International's service — cost of product and service sold?
- Over 4 years (2021 to 2025), Honeywell International's service — cost of product and service sold has grown at a 10.6% compound annual growth rate (CAGR), from $4.98B to $7.46B.
- What does service — cost of product and service sold mean?
- The total direct expenses incurred to produce goods or provide services within this specific business segment.