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

Honeywell International brought in $37.4B of revenue in fiscal 2025, RTX $88.6B in fiscal 2025. Revenue changed by +7.8% at Honeywell International and +9.7% at RTX on the year before, so RTX grew faster. Honeywell International kept 12.6% of its revenue as net profit, RTX 7.6%. Free cash flow was $5.4B at Honeywell International and $7.9B at RTX.

Side by side, latest fiscal year

HONRTX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$37.4B$88.6B
Revenue growth+7.8%+9.7%
Net income$4.7B$6.7B
Net margin12.6%7.6%
Free cash flow$5.4B$7.9B
Free cash flow margin14.5%9.0%
Earnings per share (diluted)$7.36$4.96
Cash$12.5B$7.4B
Debt$28.7B$37.7B
Price to earnings28.938.2
Market value$67.4B$255.3B
Dividend yield2.15%1.41%
Rank by revenue in sector#16 of 451 · Industrials#6 of 451 · Industrials

Over the years

Revenue
HON FY2018: $41.8BHON FY2019: $36.7BHON FY2020: $32.6BHON FY2020: $34.4BHON FY2022: $35.5BHON FY2023: $33BHON FY2024: $34.7BHON FY2025: $37.4BRTX FY2018: $34.7BRTX FY2019: $45.3BRTX FY2020: $56.6BRTX FY2021: $64.4BRTX FY2022: $67.1BRTX FY2023: $68.9BRTX FY2024: $80.7BRTX FY2025: $88.6BFY18FY19FY20FY21FY22FY23FY24FY25
HON $37.4BRTX $88.6B
Net income
HON FY2018: $6.8BHON FY2019: $6.1BHON FY2020: $4.8BHON FY2020: $5.5BHON FY2022: $5BHON FY2023: $5.7BHON FY2024: $5.7BHON FY2025: $4.7BRTX FY2018: $5.3BRTX FY2019: $5.5BRTX FY2020: -$3.5BRTX FY2021: $3.9BRTX FY2022: $5.2BRTX FY2023: $3.2BRTX FY2024: $4.8BRTX FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
HON $4.7BRTX $6.7B
Net margin
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%RTX FY2018: 15.2%RTX FY2019: 12.2%RTX FY2020: -6.2%RTX FY2021: 6.0%RTX FY2022: 7.7%RTX FY2023: 4.6%RTX FY2024: 5.9%RTX FY2025: 7.6%FY18FY19FY20FY21FY22FY23FY24FY25
HON 12.6%RTX 7.6%
Revenue growth
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%RTX FY2019: +30.7%RTX FY2020: +24.8%RTX FY2021: +13.8%RTX FY2022: +4.2%RTX FY2023: +2.8%RTX FY2024: +17.1%RTX FY2025: +9.7%FY19FY20FY21FY22FY23FY24FY25
HON +7.8%RTX +9.7%
Free cash flow
HON FY2018: $5.6BHON FY2019: $6.1BHON FY2020: $5.3BHON FY2020: $5.1BHON FY2022: $4.5BHON FY2023: $4.6BHON FY2024: $5.2BHON FY2025: $5.4BRTX FY2018: $1.2BRTX FY2019: $4BRTX FY2020: $2.5BRTX FY2021: $5BRTX FY2022: $4.9BRTX FY2023: $5.5BRTX FY2024: $4.5BRTX FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
HON $5.4BRTX $7.9B

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

Questions about Honeywell International and RTX

Which is bigger by revenue, Honeywell International or RTX?

RTX is bigger by revenue: $88.6B in fiscal 2025, against $37.4B for Honeywell International in fiscal 2025.

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

Honeywell International had a net margin of 12.6% in fiscal 2025; RTX had 7.6% in fiscal 2025.

Which grew revenue faster, Honeywell International or RTX?

In their latest fiscal years revenue changed by +7.8% at Honeywell International and +9.7% at RTX.

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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