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Heico vs Honeywell International: revenue, profit, margins and growth compared

Heico brought in $4.5B of revenue in fiscal 2025, Honeywell International $37.4B in fiscal 2025. Revenue changed by +16.3% at Heico and +7.8% at Honeywell International on the year before, so Heico grew faster. Heico kept 15.4% of its revenue as net profit, Honeywell International 12.6%. Free cash flow was $861.4M at Heico and $5.4B at Honeywell International.

Side by side, latest fiscal year

HEIHON
Fiscal year endedFY2025 (October 31, 2025)FY2025 (December 31, 2025)
Revenue$4.5B$37.4B
Revenue growth+16.3%+7.8%
Net income$690.4M$4.7B
Net margin15.4%12.6%
Free cash flow$861.4M$5.4B
Free cash flow margin19.2%14.5%
Earnings per share (diluted)$4.90$7.36
Cash$217.8M$12.5B
Debt$2.2B$28.7B
Price to earnings63.028.9
Market value$43.1B$67.4B
Dividend yield0.07%2.15%
Rank by revenue in sector#131 of 451 · Industrials#16 of 451 · Industrials

Over the years

Revenue
HEI FY2018: $1.8BHEI FY2019: $2.1BHEI FY2020: $1.8BHEI FY2021: $1.9BHEI FY2022: $2.2BHEI FY2023: $3BHEI FY2024: $3.9BHEI FY2025: $4.5BHON FY2018: $41.8BHON FY2019: $36.7BHON FY2020: $32.6BHON FY2020: $34.4BHON FY2022: $35.5BHON FY2023: $33BHON FY2024: $34.7BHON FY2025: $37.4BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $4.5BHON $37.4B
Net income
HEI FY2018: $259.2MHEI FY2019: $327.9MHEI FY2020: $314MHEI FY2021: $304.2MHEI FY2022: $351.7MHEI FY2023: $403.6MHEI FY2024: $514.1MHEI FY2025: $690.4MHON FY2018: $6.8BHON FY2019: $6.1BHON FY2020: $4.8BHON FY2020: $5.5BHON FY2022: $5BHON FY2023: $5.7BHON FY2024: $5.7BHON FY2025: $4.7BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $690.4MHON $4.7B
Net margin
HEI FY2018: 14.6%HEI FY2019: 16.0%HEI FY2020: 17.6%HEI FY2021: 16.3%HEI FY2022: 15.9%HEI FY2023: 13.6%HEI FY2024: 13.3%HEI FY2025: 15.4%HON FY2018: 16.2%HON FY2019: 16.7%HON FY2020: 14.6%HON FY2020: 16.1%HON FY2022: 14.0%HON FY2023: 17.1%HON FY2024: 16.4%HON FY2025: 12.6%FY18FY19FY20FY21FY22FY23FY24FY25
HEI 15.4%HON 12.6%
Revenue growth
HEI FY2019: +15.6%HEI FY2020: -13.1%HEI FY2021: +4.4%HEI FY2022: +18.4%HEI FY2023: +34.4%HEI FY2024: +30.0%HEI FY2025: +16.3%HON FY2019: -12.2%HON FY2020: -11.1%HON FY2020: +5.4%HON FY2022: +3.1%HON FY2023: -6.9%HON FY2024: +5.2%HON FY2025: +7.8%FY19FY20FY21FY22FY23FY24FY25
HEI +16.3%HON +7.8%
Free cash flow
HEI FY2018: $286.6MHEI FY2019: $408.4MHEI FY2020: $386.2MHEI FY2021: $407.9MHEI FY2022: $435.9MHEI FY2023: $399.3MHEI FY2024: $614.1MHEI FY2025: $861.4MHON FY2018: $5.6BHON FY2019: $6.1BHON FY2020: $5.3BHON FY2020: $5.1BHON FY2022: $4.5BHON FY2023: $4.6BHON FY2024: $5.2BHON FY2025: $5.4BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $861.4MHON $5.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Heico and Honeywell International

Which is bigger by revenue, Heico or Honeywell International?

Honeywell International is bigger by revenue: $37.4B in fiscal 2025, against $4.5B for Heico in fiscal 2025.

Which keeps more of its revenue as profit, Heico or Honeywell International?

Heico had a net margin of 15.4% in fiscal 2025; Honeywell International had 12.6% in fiscal 2025.

Which grew revenue faster, Heico or Honeywell International?

In their latest fiscal years revenue changed by +16.3% at Heico and +7.8% at Honeywell International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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