Company / R&D Expense
Honeywell R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$1.8B
FY2025
5-year range
$1.3B / $1.8B
FY2021-FY2025
Trend
+24.6%
vs FY2024
Sector context
#8 of 174
Industrials
What the data says
Among 174 Industrials companies, Honeywell is in the top 5% for r&d expense. R&D Expense has fluctuated over the past 10 years, ranging from $1.3B in FY2021 to $1.9B in FY2016.
Based on SEC 10-K filings.
$1.8B in FY2025 with a 5-year CAGR of +6.3%. Top quartile in the Industrials sector.
Improved from $1.4B to $1.8B over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +7.0%
- 5-Year CAGR
- +6.3%
- 10-Year CAGR
- -
Sector benchmark
Top 5% in IndustrialsTop 5% of 174This company $1.8B Sector average $273.7M
▼
+562.0% above sector average
Key checks
Key Insights
- 5-year CAGR of +6.3%, indicating consistent growth.
- In FY2025, r&d expense increased 24.6% year-over-year.
- Ranks #8 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2016.
Company context
Key Data Points
- Altman Z-Score 1.21 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 36.5%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.8B | +24.6% |
| FY2024 | $1.5B | +5.7% |
| FY2023 | $1.4B | -7.0% |
| FY2022 | $1.5B | +10.9% |
| FY2021 | $1.3B | -0.1% |
| FY2020 | $1.3B | -14.3% |
| FY2019 | $1.6B | -14.0% |
| FY2018 | $1.8B | -1.4% |
| FY2017 | $1.8B | -1.6% |
| FY2016 | $1.9B | +0.4% |
As of FY2025 · SEC 10-K · Updated Mar 12, 2026