How has Honeywell's net profit trended over the past three years?
3/31/2025 03:18pm
Honeywell's net profit has demonstrated a general upward trend over the past three years, with some fluctuations. Here's a summary of the net income data for the period ending 2024Q4:
1. **Growth Trend**: The net income for 2024Q4 was $5.74 billion, which is the most recent data available. Comparing this to the previous year's Q4, which saw $5.67 billion in net income, indicates a positive trend in net profit. However, when we look at the net income for 2022Q4, it was $4.97 billion, which suggests that the net profit has been increasing but with some variability.
|code|Ticker|Name|Date|Net Income (FY) YoY|Net Income (FY)|market_code|
|---|---|---|---|---|---|---|
|HON|HON.O|Honeywell|2022|-11.46167557932264|4.967E9|185|
|HON|HON.O|Honeywell|2023|14.193678276625729|5.672E9|185|
|HON|HON.O|Honeywell|2024|1.1988716502115657|5.74E9|185|
2. **Yearly Variations**: It's important to note that while the trend is generally upward, there are variations within the years. For instance, the net income for 2023Q4 was slightly higher than that of 2024Q4, which might be indicative of specific business or market conditions affecting profitability in certain periods.
3. **Stability**: The fact that the net income has not fluctuated wildly, but has rather shown a consistent upward trajectory, suggests that Honeywell has been managing its finances effectively and is likely to be a stable investment option for investors looking for consistent returns.
In conclusion, Honeywell's net profit has been on an upward trend over the past three years, with a few fluctuations. The company's financial performance has been generally stable, which is a positive sign for investors.