Honeywell International Inc. (HON) FCF Payout Ratio: 71.95%
Is Honeywell International Inc.’s FCF payout ratio high or low?
Honeywell International Inc.'s FCF payout ratio of 71.95% is 27% above its 5-year average of 56.78%, near the high end of its 5-year range (48.89%–66.38%).
The FCF payout ratio for Honeywell International Inc. (HON) is 71.95%. It is above its 12-month average by 26.22% (57.01%).
HON FCF Payout Ratio Chart
HON Average FCF Payout Ratio Chart
HON Current vs Average FCF Payout Ratio Chart
HON FCF Payout Ratio Metrics
FCF PAYOUT RATIO
71.95%
FCF PAYOUT RATIO AVG TTM
57.01%
FCF PAYOUT RATIO AVG 3Y
60.18%
FCF PAYOUT RATIO AVG 5Y
56.78%
FCF PAYOUT RATIO AVG 10Y
49.76%
FCF PAYOUT RATIO AVG 15Y
46.99%
FCF PAYOUT RATIO AVG 20Y
42.93%
CURRENT VS TTM AVG
+26.22%
CURRENT VS 3Y AVG
+19.57%
CURRENT VS 5Y AVG
+26.73%
CURRENT VS 10Y AVG
+44.60%
CURRENT VS 15Y AVG
+53.11%
CURRENT VS 20Y AVG
+67.60%
Payout Ratio Comparison
FCF Payout Ratio
72.0%
Earnings Payout Ratio
63.5%
Dividend Yield
2.27%
FCF Yield
3.16%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $5.39B | $2.98B | 55.2% |
| 2024 | $4.93B | $2.90B | 58.8% |
| 2023 | $4.30B | $2.85B | 66.4% |
| 2022 | $4.51B | $2.72B | 60.3% |
| 2021 | $5.14B | $2.63B | 51.1% |
| 2020 | $5.30B | $2.59B | 48.9% |
| 2019 | $6.06B | $2.44B | 40.3% |
| 2018 | $5.61B | $2.27B | 40.5% |
| 2017 | $4.93B | $2.12B | 42.9% |
| 2016 | $4.40B | $1.92B | 43.5% |
| 2015 | $4.38B | $1.73B | 39.4% |
| 2014 | $3.93B | $1.51B | 38.4% |
| 2013 | $3.39B | $1.35B | 39.9% |
| 2012 | $2.63B | $1.21B | 46.0% |
| 2011 | $2.04B | $1.09B | 53.6% |
| 2010 | $3.55B | $944.00M | 26.6% |
| 2009 | $3.34B | $918.00M | 27.5% |
| 2008 | $2.91B | $811.00M | 27.9% |
| 2007 | $3.14B | $767.00M | 24.4% |
| 2006 | $2.48B | $744.00M | 30.0% |
| 2005 | $1.76B | $700.00M | 39.8% |
| 2004 | $1.62B | $643.00M | 39.6% |
| 2003 | $1.54B | $645.00M | 41.8% |
| 2002 | $1.71B | $614.00M | 35.9% |
| 2001 | $1.12B | $609.00M | 54.4% |
| 2000 | $1.14B | $599.00M | 52.7% |
| 1999 | $1.39B | $527.00M | 38.0% |
| 1998 | $511.00M | $338.00M | 66.1% |
| 1997 | $589.00M | $295.00M | 50.1% |
| 1996 | $441.00M | $262.00M | 59.4% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Honeywell International Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Honeywell International Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Honeywell International Inc. (HON)?
- The FCF payout ratio for HON stock is 71.95%.
- Is Honeywell International Inc.'s FCF payout ratio high or low?
- Honeywell International Inc.'s FCF payout ratio of 71.95% is 27% above its 5-year average of 56.78%, near the high end of its 5-year range (48.89%–66.38%).
- What is the TTM average FCF payout ratio for Honeywell International Inc. (HON)?
- The TTM average FCF payout ratio for HON stock is 57.01%.
- What is the 3Y average FCF payout ratio for Honeywell International Inc. (HON)?
- The 3Y average FCF payout ratio for HON stock is 60.18%.
- What is the 5Y average FCF payout ratio for Honeywell International Inc. (HON)?
- The 5Y average FCF payout ratio for HON stock is 56.78%.
- What is the 10Y average FCF payout ratio for Honeywell International Inc. (HON)?
- The 10Y average FCF payout ratio for HON stock is 49.76%.
- What is the 15Y average FCF payout ratio for Honeywell International Inc. (HON)?
- The 15Y average FCF payout ratio for HON stock is 46.99%.
- What is the 20Y average FCF payout ratio for Honeywell International Inc. (HON)?
- The 20Y average FCF payout ratio for HON stock is 42.93%.
Honeywell International Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 55.18% |
| 2024-12-31 | 58.83% |
| 2023-12-31 | 66.38% |
| 2022-12-31 | 60.31% |
| 2021-12-31 | 51.06% |
| 2020-12-31 | 48.89% |
| 2019-12-31 | 40.31% |
| 2018-12-31 | 40.53% |
| 2017-12-31 | 42.94% |
| 2016-12-31 | 43.49% |
| 2015-12-31 | 39.40% |
| 2014-12-31 | 38.42% |
| 2013-12-31 | 39.94% |
| 2012-12-31 | 45.99% |
| 2011-12-31 | 53.61% |
| 2010-12-31 | 26.58% |
| 2009-12-31 | 27.51% |
| 2008-12-31 | 27.90% |
| 2007-12-31 | 24.40% |
| 2006-12-31 | 30.02% |
| 2005-12-31 | 39.82% |
| 2004-12-31 | 39.59% |
| 2003-12-31 | 41.77% |
| 2002-12-31 | 35.93% |
| 2001-12-31 | 54.37% |
| 2000-12-31 | 52.73% |
| 1999-12-31 | 37.97% |
| 1998-12-31 | 66.14% |
| 1997-12-31 | 50.08% |
| 1996-12-31 | 59.41% |
About Honeywell International Inc.
Honeywell International Inc. functions as a global leader in diversified technology and manufacturing. Its Aerospace division furnishes a comprehensive array of products and services for the aviation and space industries. This includes crucial components like auxiliary power units, propulsion systems, integrated avionics, environmental control mechanisms, and electrical power solutions. The segment also supplies engine controls, flight safety systems, communication and navigation hardware, and advanced data and software applications. Additionally, it provides radar, surveillance systems, aircraft lighting, sophisticated instruments, satellite and space components, and aircraft wheels and brakes. Essential support services cover spare parts, repairs, overhauls, maintenance, thermal systems, and wireless connectivity management. The Honeywell Building Technologies unit focuses on creating smarter, safer, and more efficient structures. It develops software for optimizing and controlling building functions, alongside sensors, switches, control systems, and instrumentation for energy management. Offerings extend to access control systems, video surveillance, fire detection products, and the installation, upkeep, and upgrading of these systems. Within its Performance Materials and Technologies division, the company delivers solutions for automation control, instrumentation, and associated software and services. It also provides catalysts, adsorbents, specialized equipment, and consulting expertise. This segment supplies materials essential for manufacturing diverse end products, such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging. Furthermore, it produces environmentally friendly materials with reduced and low global-warming potential, utilizing hydrofluoro-olefin technology. The Safety and Productivity Solutions group equips workers and industries with a wide range of products. These comprise personal protective equipment, apparel, gear, and footwear, alongside advanced gas detection technology. It offers cloud-based notification and emergency messaging systems, mobile devices and software, and solutions for supply chain and warehouse automation, including both equipment and software. Custom-engineered sensors, switches, and controls, as well as data and asset management productivity software solutions, also fall under this division. Established in 1906, Honeywell is headquartered in Charlotte, North Carolina.
- Sector
- Industrials
- Industry
- Conglomerates
- CEO
- Vimal Kapur