HONEYWELL INTERNATIONAL INC R&D Expense 2008-2025 | HON
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is HONEYWELL INTERNATIONAL INC's current r&d expense?
HONEYWELL INTERNATIONAL INC (HON) annual r&d expense for 2024 was $1.54B, a 5.49% increase from 2023. HONEYWELL INTERNATIONAL INC r&d expense for the quarter ending September 30, 2025 was $497.0M.
What was HONEYWELL INTERNATIONAL INC's r&d expense in 2023?
HONEYWELL INTERNATIONAL INC annual r&d expense for 2023 was $1.46B, a 1.49% decline from 2022.
What was HONEYWELL INTERNATIONAL INC's r&d expense in 2022?
HONEYWELL INTERNATIONAL INC annual r&d expense for 2022 was $1.48B, a 10.88% increase from 2021.
What is HONEYWELL INTERNATIONAL INC's 5-year r&d expense CAGR?
HONEYWELL INTERNATIONAL INC r&d expense grew at a compound annual growth rate (CAGR) of 0.26% from FY2019 to FY2024, going from $1.56B to $1.54B over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR-0.3%
FY2019
$1.56B
→
FY2024
$1.54B
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $1.54B | +5.5% | 10-K |
| FY2023 | $1.46B | -1.5% | 10-K |
| FY2022 | $1.48B | +10.9% | 10-K |
| FY2021 | $1.33B | -0.1% | 10-K |
| FY2020 | $1.33B | -14.3% | 10-K |
| FY2019 | $1.56B | -14.0% | 10-K |
| FY2018 | $1.81B | -1.4% | 10-K |
| FY2017 | $1.83B | -1.6% | 10-K |
| FY2016 | $1.86B | +0.4% | 10-K |
| FY2015 | $1.86B | -1.9% | 10-K |
| FY2014 | $1.89B | +4.9% | 10-K |
| FY2013 | $1.80B | -2.3% | 10-K |
| FY2012 | $1.85B | +2.7% | 10-K |
| FY2011 | $1.80B | +24.1% | 10-K |
| FY2010 | $1.45B | +9.8% | 10-K |
| FY2009 | $1.32B | -14.4% | 10-K |
| FY2008 | $1.54B | - | 10-K |
Company: HONEYWELL INTERNATIONAL INCTicker: HONSector: OtherIndustry: Aircraft Engines & Engine PartsView company profile →