Honeywell International Inc. stock research
FY2023 Q2
Honeywell International (HON) Gross Margin — Quarter Ended Jun 30, 2023
Revenue, gross profit, and gross margin all increased compared to both the prior quarter and the same quarter last year. Cost of revenue was higher than the prior quarter but lower than the year-ago period.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue, gross profit, and gross margin all increased compared to both the prior quarter and the same quarter last year. Cost of revenue was higher than the prior quarter but lower than the year-ago period.
- Gross margin improved sequentially and year-over-year, with revenue and gross profit increasing while cost of revenue decreased year-over-year.
- Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was lower, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.5%
Gross profit
$3.5B
Revenue
$9.1B
Cost of revenue
$5.6B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+1.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $8.9B | $3.4B | $5.5B | 38.0% |
| Jun 30, 2023 | $9.1B | $3.5B | $5.6B | 38.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+0.5 pts
Year-over-year change
Jun 30, 2022
+1.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved sequentially and year-over-year, with revenue and gross profit increasing while cost of revenue decreased year-over-year.
Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was lower, and gross margin improved.
Monitor the trend in cost of revenue relative to revenue, as it directly impacts gross margin.