What is Honeywell International's R&D?

Honeywell International (HON) reported R&D of $492M in Q1 2026.

How has Honeywell International's R&D changed year-over-year?

Honeywell International's R&D increased by 18.3% year-over-year, from $416M to $492M.

What is the long-term trend for Honeywell International's R&D?

Over 4 years (2021 to 2025), Honeywell International's R&D has grown at a 7.6% compound annual growth rate (CAGR), from $1.33B to $1.79B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Honeywell International HON R&D

R&D at other companies

AstronicsATRO

$12.09M+9.2%

Curtiss-WrightCW

$24.18M+5.1%

General ElectricGE

$440M+22.6%

Moog Inc.MOG.B

$26.66M+8.9%

Raytheon TechnologiesRTX

$627M-1.6%

Innovative Solutions & SupportISSC

$1.79M+106%

Other financials

Income statement

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Revenue$9.1B+2.4%

Gross profit$3.5B+2.2%

Net income$821.0M-43.3%

EPS (diluted)$1.29-41.9%

Balance sheet

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Cash & equivalents$12.0B+24.0%

Total debt$37.8B+10.8%

Total equity$13.6B-22.2%

Total assets$74.0B-1.6%

Cash flow

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Operating cash flow-$650.0M-209%

CapEx$223.0M+17.4%

Free cash flow-$873.0M-314%

Valuation

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Market cap$146.53B+2.7%

Enterprise value$172.36B+3.1%

P/E35.7×+10.7×

P/S3.9×-0.1×

Profitability

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Gross margin30.8%-1.3pp

Net margin10.9%-5.2pp

FCF margin11%-4.3pp

Returns & leverage

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Return on equity26.4%-7.2pp

Debt / equity2.8×+0.8×

Current ratio1.4×+0.1×

Where this comes from

Reported directly by Honeywell International in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Honeywell International’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Honeywell International's R&D?: Honeywell International (HON) reported R&D of $492M in Q1 2026.
How has Honeywell International's R&D changed year-over-year?: Honeywell International's R&D increased by 18.3% year-over-year, from $416M to $492M.
What is the long-term trend for Honeywell International's R&D?: Over 4 years (2021 to 2025), Honeywell International's R&D has grown at a 7.6% compound annual growth rate (CAGR), from $1.33B to $1.79B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.