---
title: "Honeywell Technologies: Business Model"
description: "Honeywell Technologies revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/honeywell-technologies/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Honeywell Technologies: Business Model & Revenue Engine

## Direct Answer

Honeywell Technologies reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Aerospace Technologies is the largest, with $17.5 billion of revenue (47% of the total), followed by Industrial Automation at $9.4 billion (25%). 58% of revenue came from the United States.

## How Does Honeywell Technologies Make Money?

No single line supplies a majority of revenue: the largest, Aerospace Technologies, is 47%, which spreads Honeywell Technologies's exposure across several demand drivers. Between fiscal 2024 and 2025, Energy and Sustainability Solutions grew fastest (+18.5%) and Industrial Automation slowest (-6.5%), so the revenue mix tilts toward Energy and Sustainability Solutions while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Aerospace Technologies | $17.5 billion | $15.5 billion | 46.8% | 13.3% |
| Industrial Automation | $9.4 billion | $10.1 billion | 25.1% | -6.5% |
| Building Automation | $7.4 billion | $6.5 billion | 19.7% | 12.6% |
| Energy and Sustainability Solutions | $3.1 billion | $2.6 billion | 8.4% | 18.5% |

![Bar chart of Honeywell Technologies revenue by segment for fiscal 2025: Aerospace Technologies 46.8%, Industrial Automation 25.1%, Building Automation 19.7%, Energy and Sustainability Solutions 8.4%.](https://www.getswoopr.com/images/charts/honeywell-technologies-business-model-segment-mix.webp)
*Honeywell Technologies revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What Does Honeywell Technologies Sell?

Honeywell Technologies also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Product | $24.5 billion | $22.8 billion | 65.5% | 7.3% |
| Service | $12.9 billion | $11.9 billion | 34.5% | 8.8% |

## Where Does Honeywell Technologies's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $21.8 billion | $19.5 billion | 58.2% | 11.5% |
| Europe | $8.1 billion | $8.0 billion | 21.7% | 1.9% |
| Other International | $7.5 billion | $7.2 billion | 20.2% | 4.5% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Honeywell Technologies's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Honeywell Technologies reported in the segment note and revenue disclosures of its Form 10-K filed February 17, 2026 (accession 0000773840-26-000013), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Honeywell Technologies's business segments?

In its fiscal 2025 Form 10-K, Honeywell Technologies reports revenue for Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions.

### Which part of Honeywell Technologies brings in the most revenue?

Aerospace Technologies, with $17.5 billion of revenue in fiscal 2025, or 47% of the total.

### How much of Honeywell Technologies's revenue comes from outside the United States?

42% in fiscal 2025, by the geographic breakdown Honeywell Technologies reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: HONEYWELL INTERNATIONAL INC Form 10-K filed February 17, 2026](https://www.sec.gov/Archives/edgar/data/773840/000077384026000013/hon-20251231.htm)
- [SEC EDGAR: HONEYWELL INTERNATIONAL INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=773840&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Honeywell Technologies company dossier](https://www.getswoopr.com/stocks/companies/honeywell-technologies/)
- [Honeywell Technologies financial metrics](https://www.getswoopr.com/stocks/companies/honeywell-technologies/metrics/)
- [Honeywell Technologies financial risk indicators](https://www.getswoopr.com/stocks/companies/honeywell-technologies/risks/)
- [Honeywell Technologies peer comparison](https://www.getswoopr.com/stocks/companies/honeywell-technologies/competitors/)
- [Honeywell Technologies business model and revenue mix](https://www.getswoopr.com/stocks/companies/honeywell-technologies/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

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