Honeywell International Inc
HON · scored from FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power54
Median gross margin 34.8% over 10y, stable.
Returns on capital100
Median ROIC 22.5%, above the 9% hurdle in 100% of years.
Balance-sheet safety42
Net debt/EBITDA 1.7x, interest coverage 6x.
Capital discipline60
Owner earnings +0.7%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $5.8B
- Est. intrinsic value / share
- $101.18
- Recent price
- —
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.