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Held by 2,694 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $206.49 today, the market must believe free cash flow compounds 13.3%/yr for a decade (off $5.1B normalized FCF).
The market's 13.3% is more optimistic than its 9-yr track record.
2-stage DCF · 0.64B shares · net debt $22.1B
mean 2.8% · volatility σ 10% · implied rate exceeded in 2/9 yrs
Central path = implied 13.3%/yr growth; shaded band = ±1σ (10%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.44B 100.0% | $34.72B 100.0% | $33.01B 100.0% | $35.47B 100.0% | $34.39B 100.0% | $32.64B 100.0% | $36.71B 100.0% | $41.80B 100.0% | $40.53B 100.0% | $39.30B 100.0% |
| Cost of Revenue | $23.61B 63.1% | $21.36B 61.5% | $20.64B 62.5% | $22.35B 63.0% | $22.06B 64.1% | $22.17B 67.9% | $24.34B 66.3% | $29.05B 69.5% | $28.14B 69.4% | $27.68B 70.4% |
| Cost of Products | — | — | — | — | — | — | — | — | $22.66B 55.9% | $22.17B 56.4% |
| Cost of Services | — | — | — | — | — | — | — | — | $4.92B 12.1% | $4.98B 12.7% |
| Gross Profit | — | — | — | — | — | $10.47B 32.1% | $12.37B 33.7% | $12.76B 30.5% | $12.39B 30.6% | $12.15B 30.9% |
| Research & Development | $1.81B 4.8% | $1.45B 4.2% | $1.38B 4.2% | $1.48B 4.2% | $1.33B 3.9% | $1.33B 4.1% | $1.56B 4.2% | $1.81B 4.3% | $1.83B 4.5% | $1.86B 4.7% |
| Selling, General & Admin | $5.45B 14.6% | $5.24B 15.1% | $4.89B 14.8% | $5.21B 14.7% | $4.80B 14.0% | $4.77B 14.6% | $5.52B 15.0% | $6.05B 14.5% | $6.09B 15.0% | $5.57B 14.2% |
| Operating Income | $8.13B 21.7% | $7.67B 22.1% | $7.56B 22.9% | $8.02B 22.6% | — | — | — | — | — | — |
| Interest Expense | $1.34B 3.6% | $1.05B 3.0% | $749.0M 2.3% | $414.0M 1.2% | $343.0M 1.0% | $359.0M 1.1% | $357.0M 1.0% | $367.0M 0.9% | $316.0M 0.8% | $338.0M 0.9% |
| Interest & Investment Income | $369.0M 1.0% | $430.0M 1.2% | $321.0M 1.0% | $138.0M 0.4% | $102.0M 0.3% | $107.0M 0.3% | $255.0M 0.7% | $217.0M 0.5% | $151.0M 0.4% | $106.0M 0.3% |
| Other Income (Expense), net | $1.25B 3.3% | $843.0M 2.4% | $830.0M 2.5% | $366.0M 1.0% | $1.38B 4.0% | $675.0M 2.1% | $1.06B 2.9% | $1.15B 2.7% | $963.0M 2.4% | $739.0M 1.9% |
| Pretax Income | $5.48B 14.6% | $6.24B 18.0% | $6.19B 18.8% | $6.38B 18.0% | $7.24B 21.0% | $6.01B 18.4% | $7.56B 20.6% | $7.49B 17.9% | $6.95B 17.1% | $6.45B 16.4% |
| Income Tax Expense | $1.01B 2.7% | $1.25B 3.6% | $1.26B 3.8% | $1.41B 4.0% | $1.63B 4.7% | $1.15B 3.5% | $1.33B 3.6% | $659.0M 1.6% | $5.36B 13.2% | $1.60B 4.1% |
| Net Income | $4.73B 12.6% | $5.71B 16.4% | $5.66B 17.1% | $4.97B 14.0% | $5.54B 16.1% | $4.78B 14.6% | $6.14B 16.7% | $6.76B 16.2% | $1.54B 3.8% | $4.81B 12.2% |
| Per Share | ||||||||||
| EPS (Basic) | $7.40 | $8.76 | $8.53 | $7.33 | $8.01 | $6.79 | $8.52 | $9.10 | $2.03 | $6.30 |
| EPS (Diluted) | $7.36 | $8.71 | $8.47 | $7.27 | $7.91 | $6.72 | $8.41 | $8.98 | $2.00 | $6.21 |
| Weighted Avg Shares (Basic) | 639.0M | 650.9M | 663.0M | 677.1M | 692.3M | 704.1M | 721.0M | 743.0M | 762.1M | 764.3M |
| Weighted Avg Shares (Diluted) | 642.8M | 655.3M | 668.2M | 683.1M | 700.4M | 711.2M | 730.3M | 753.0M | 772.1M | 775.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 55% of free cash flow, leaving room to grow it and fund buybacks. Last year: $3.0B dividends + $3.8B buybacks = $6.8B returned on $5.4B FCF.
9 consecutive years of dividend increases · 7%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Modest payoff on reinvested capital. Current ROIC on all capital: 10%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $12.5B covers the $1.5B due within a year 8.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.9% on $34.6B of debt.
Cash of $12.5B fully covers short-term debt of $5.9B.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 14-yr range · 77th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 69.5 | 66.3 | 67.9 | 64.1 | 63.0 | 62.5 | 61.5 | 63.1 |
| Gross Profit | 30.5 | 33.7 | 32.1 | — | — | — | — | — |
| R&D | 4.3 | 4.2 | 4.1 | 3.9 | 4.2 | 4.2 | 4.2 | 4.8 |
| SG&A | 14.5 | 15.0 | 14.6 | 14.0 | 14.7 | 14.8 | 15.1 | 14.6 |
| Operating Income | — | — | — | — | 22.6 | 22.9 | 22.1 | 21.7 |
| Income Tax | 1.6 | 3.6 | 3.5 | 4.7 | 4.0 | 3.8 | 3.6 | 2.7 |
| Net Income | 16.2 | 16.7 | 14.6 | 16.1 | 14.0 | 17.1 | 16.4 | 12.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HON: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $259.8B | 39.0× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $167.6B | 23.6× | 16.1× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.4B | 32.6× | 23.3× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $92.4B | 70.8× | 43.8× | 9.0× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.8× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $85.0B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
Peers = companies sharing HON's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position