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Side-by-side financial comparison of Aptiv (APTV) and Honeywell (HON). Click either name above to swap in a different company.
Honeywell is the larger business by last-quarter revenue ($9.1B vs $5.2B, roughly 1.8× Aptiv). Honeywell runs the higher net margin — 8.7% vs 2.7%, a 6.0% gap on every dollar of revenue. On growth, Aptiv posted the faster year-over-year revenue change (5.0% vs 2.0%). Aptiv produced more free cash flow last quarter ($651.0M vs $56.0M). Over the past eight quarters, Aptiv's revenue compounded faster (2.5% CAGR vs -2.3%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building automation, industrial automation, and energy and sustainability solutions (ESS). Honeywell also owns and operates Sandia National Laboratories under contract with the U.S. Department of Energy. Honeywell is a Fortune 500 company, ranked 115th in 2023.
APTV vs HON — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $9.1B |
| Net Profit | $138.0M | $795.0M |
| Gross Margin | 18.7% | — |
| Operating Margin | 8.2% | 16.1% |
| Net Margin | 2.7% | 8.7% |
| Revenue YoY | 5.0% | 2.0% |
| Net Profit YoY | -48.5% | -45.8% |
| EPS (diluted) | $0.63 | $1.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $9.1B | ||
| Q4 25 | $5.2B | $6.9B | ||
| Q3 25 | $5.2B | $10.4B | ||
| Q2 25 | $5.2B | $10.4B | ||
| Q1 25 | $4.8B | $9.8B | ||
| Q4 24 | $4.9B | $10.1B | ||
| Q3 24 | $4.9B | $9.7B | ||
| Q2 24 | $5.1B | $9.6B |
| Q1 26 | — | $795.0M | ||
| Q4 25 | $138.0M | $-115.0M | ||
| Q3 25 | $-355.0M | $1.8B | ||
| Q2 25 | $393.0M | $1.6B | ||
| Q1 25 | $-11.0M | $1.4B | ||
| Q4 24 | $268.0M | $1.3B | ||
| Q3 24 | $363.0M | $1.4B | ||
| Q2 24 | $938.0M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | 36.1% | ||
| Q3 25 | 19.5% | 31.1% | ||
| Q2 25 | 19.1% | 35.4% | ||
| Q1 25 | 19.1% | 35.2% | ||
| Q4 24 | 19.6% | 36.4% | ||
| Q3 24 | 18.6% | 35.1% | ||
| Q2 24 | 19.2% | 35.0% |
| Q1 26 | — | 16.1% | ||
| Q4 25 | 8.2% | 16.0% | ||
| Q3 25 | -3.4% | 23.1% | ||
| Q2 25 | 9.3% | 22.9% | ||
| Q1 25 | 9.3% | 23.0% | ||
| Q4 24 | 9.8% | 21.6% | ||
| Q3 24 | 10.4% | 23.6% | ||
| Q2 24 | 8.7% | 23.0% |
| Q1 26 | — | 8.7% | ||
| Q4 25 | 2.7% | -1.7% | ||
| Q3 25 | -6.8% | 17.5% | ||
| Q2 25 | 7.5% | 15.2% | ||
| Q1 25 | -0.2% | 14.8% | ||
| Q4 24 | 5.5% | 12.7% | ||
| Q3 24 | 7.5% | 14.5% | ||
| Q2 24 | 18.6% | 16.1% |
| Q1 26 | — | $1.29 | ||
| Q4 25 | $0.63 | $-0.17 | ||
| Q3 25 | $-1.63 | $2.86 | ||
| Q2 25 | $1.80 | $2.45 | ||
| Q1 25 | $-0.05 | $2.22 | ||
| Q4 24 | $1.22 | $1.96 | ||
| Q3 24 | $1.48 | $2.16 | ||
| Q2 24 | $3.47 | $2.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $12.4B |
| Total DebtLower is stronger | $7.5B | $32.1B |
| Stockholders' EquityBook value | $9.2B | — |
| Total Assets | $23.4B | $74.0B |
| Debt / EquityLower = less leverage | 0.81× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.4B | ||
| Q4 25 | $1.9B | $12.9B | ||
| Q3 25 | $1.6B | $13.4B | ||
| Q2 25 | $1.4B | $10.7B | ||
| Q1 25 | $1.1B | $10.1B | ||
| Q4 24 | $1.6B | $11.0B | ||
| Q3 24 | $1.8B | $10.9B | ||
| Q2 24 | $2.2B | $9.8B |
| Q1 26 | — | $32.1B | ||
| Q4 25 | $7.5B | $27.1B | ||
| Q3 25 | $7.6B | $30.1B | ||
| Q2 25 | $7.8B | $30.2B | ||
| Q1 25 | $7.6B | $25.7B | ||
| Q4 24 | $7.8B | $25.5B | ||
| Q3 24 | $8.3B | $25.9B | ||
| Q2 24 | $5.5B | $20.9B |
| Q1 26 | — | — | ||
| Q4 25 | $9.2B | $13.9B | ||
| Q3 25 | $9.3B | $16.8B | ||
| Q2 25 | $9.7B | $16.1B | ||
| Q1 25 | $9.0B | $17.5B | ||
| Q4 24 | $8.8B | $18.6B | ||
| Q3 24 | $8.9B | $17.4B | ||
| Q2 24 | $11.5B | $16.9B |
| Q1 26 | — | $74.0B | ||
| Q4 25 | $23.4B | $73.7B | ||
| Q3 25 | $23.5B | $80.9B | ||
| Q2 25 | $23.9B | $78.4B | ||
| Q1 25 | $23.1B | $75.2B | ||
| Q4 24 | $23.5B | $75.2B | ||
| Q3 24 | $24.8B | $73.5B | ||
| Q2 24 | $24.8B | $69.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 1.95× | ||
| Q3 25 | 0.82× | 1.79× | ||
| Q2 25 | 0.80× | 1.87× | ||
| Q1 25 | 0.85× | 1.47× | ||
| Q4 24 | 0.89× | 1.37× | ||
| Q3 24 | 0.93× | 1.49× | ||
| Q2 24 | 0.48× | 1.23× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $0 |
| Free Cash FlowOCF − Capex | $651.0M | $56.0M |
| FCF MarginFCF / Revenue | 12.6% | 0.6% |
| Capex IntensityCapex / Revenue | 3.2% | 2.4% |
| Cash ConversionOCF / Net Profit | 5.93× | 0.00× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $5.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $0 | ||
| Q4 25 | $818.0M | $1.2B | ||
| Q3 25 | $584.0M | $3.3B | ||
| Q2 25 | $510.0M | $1.3B | ||
| Q1 25 | $273.0M | $597.0M | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $499.0M | $2.0B | ||
| Q2 24 | $643.0M | $1.4B |
| Q1 26 | — | $56.0M | ||
| Q4 25 | $651.0M | $1.1B | ||
| Q3 25 | $441.0M | $2.9B | ||
| Q2 25 | $361.0M | $1.0B | ||
| Q1 25 | $76.0M | $346.0M | ||
| Q4 24 | $894.0M | $1.9B | ||
| Q3 24 | $326.0M | $1.7B | ||
| Q2 24 | $417.0M | $1.1B |
| Q1 26 | — | 0.6% | ||
| Q4 25 | 12.6% | 16.7% | ||
| Q3 25 | 8.5% | 28.0% | ||
| Q2 25 | 6.9% | 9.8% | ||
| Q1 25 | 1.6% | 3.5% | ||
| Q4 24 | 18.2% | 18.7% | ||
| Q3 24 | 6.7% | 17.7% | ||
| Q2 24 | 8.3% | 11.6% |
| Q1 26 | — | 2.4% | ||
| Q4 25 | 3.2% | 0.8% | ||
| Q3 25 | 2.7% | 3.6% | ||
| Q2 25 | 2.9% | 2.9% | ||
| Q1 25 | 4.1% | 2.6% | ||
| Q4 24 | 3.4% | 3.9% | ||
| Q3 24 | 3.6% | 2.9% | ||
| Q2 24 | 4.5% | 2.7% |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 1.30× | 0.84× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 3.96× | 1.78× | ||
| Q3 24 | 1.37× | 1.41× | ||
| Q2 24 | 0.69× | 0.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
HON
| Aerospace Technologies | $4.3B | 47% |
| Building Automation | $1.9B | 21% |
| Process Automation and Technology | $1.5B | 17% |
| Industrial Automation | $1.4B | 16% |
| Corporate and All Other | $5.0M | 0% |
