Honeywell posted EPS of $4.90 for the quarter reported on April 23, 2026, down 2.4% year over year, while revenue grew 2.4%. ACCE score sits at 52/100.
Correction, 18 September 2026: an earlier version of this post described April 23, 2026 as the end of the quarter. It is the date the results were reported.
What changed
$HON reported results on April 23, 2026. EPS came in at $4.90, down from $5.02 in the same period a year earlier — a year-over-year decline of 2.4%. Revenue moved in the opposite direction, growing 2.4% year over year, showing the top line held up even as per-share earnings slipped.
We do not have guidance commentary to reference at this time.
What the numbers tell us
The gap between a growing top line and a shrinking EPS figure is worth noting. Revenue expansion of 2.4% did not translate into earnings growth, which points to pressure somewhere between the revenue line and the bottom line — whether that is costs, margins, share count, or something else, the data block does not specify.
On valuation, $HON trades at a trailing P/E of 18.6 and a forward P/E of 13.7. That forward multiple is meaningfully lower than the trailing figure, which reflects analyst expectations for earnings to recover. The analyst consensus target sits at $245.88 against a current price of $232.24.
The ACCE 6-model fair value estimate comes in at $192.98, which is 16.9% below the current price of $232.24. That gap is the most pointed signal in this data set — it suggests the stock is trading above what the composite model framework considers fair value at this moment.
The ACCE score of 52/100 reflects a mixed picture across the four sub-scores. Value scores 61 and Quality scores 63, both solid. Momentum also sits at 63. Growth is the weak link at 19, consistent with the earnings trajectory shown in this quarter's report.
Quality metrics give $HON some structural support. ROE stands at 24.3%, net margin at 10.9%, and FCF yield at 7.5% — earnings quality is flagged as strong. The dividend yield of 4.0% adds an income component that matters for total return math, particularly given the 1-year price return of just 4.2%.
The market cap is $73.82B. For current price and live data, see acceinvestments.com/stocks/HON.
Bottom line: $HON's quarter reported on April 23, 2026 showed a company generating cash and maintaining quality metrics, but earnings per share moved backward while the stock continues to trade at a premium to the ACCE fair value model. The low Growth score of 19 is the number to watch in future quarters.
