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Side-by-side financial comparison of Honeywell (HON) and Coca-Cola Company (The) (KO). Click either name above to swap in a different company.
Coca-Cola Company (The) is the larger business by last-quarter revenue ($11.8B vs $9.1B, roughly 1.3× Honeywell). Coca-Cola Company (The) runs the higher net margin — 19.2% vs 8.7%, a 10.5% gap on every dollar of revenue. On growth, Coca-Cola Company (The) posted the faster year-over-year revenue change (2.4% vs 2.0%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $56.0M). Over the past eight quarters, Coca-Cola Company (The)'s revenue compounded faster (2.3% CAGR vs -2.3%).
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.
The Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
HON vs KO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1B | $11.8B |
| Net Profit | $795.0M | $2.3B |
| Gross Margin | — | 60.0% |
| Operating Margin | 16.1% | 15.6% |
| Net Margin | 8.7% | 19.2% |
| Revenue YoY | 2.0% | 2.4% |
| Net Profit YoY | -45.8% | 3.5% |
| EPS (diluted) | $1.29 | $0.53 |
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 | $6.9B | $11.8B | ||
| Q3 25 | $10.4B | $12.5B | ||
| Q2 25 | $10.4B | $12.5B | ||
| Q1 25 | $9.8B | $11.1B | ||
| Q4 24 | $10.1B | $11.5B | ||
| Q3 24 | $9.7B | $11.9B | ||
| Q2 24 | $9.6B | $12.4B |
| Q1 26 | $795.0M | — | ||
| Q4 25 | $-115.0M | $2.3B | ||
| Q3 25 | $1.8B | $3.7B | ||
| Q2 25 | $1.6B | $3.8B | ||
| Q1 25 | $1.4B | $3.3B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.5B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | 60.0% | ||
| Q3 25 | 31.1% | 61.5% | ||
| Q2 25 | 35.4% | 62.4% | ||
| Q1 25 | 35.2% | 62.6% | ||
| Q4 24 | 36.4% | 60.0% | ||
| Q3 24 | 35.1% | 60.7% | ||
| Q2 24 | 35.0% | 61.1% |
| Q1 26 | 16.1% | — | ||
| Q4 25 | 16.0% | 15.6% | ||
| Q3 25 | 23.1% | 32.0% | ||
| Q2 25 | 22.9% | 34.1% | ||
| Q1 25 | 23.0% | 32.9% | ||
| Q4 24 | 21.6% | 23.5% | ||
| Q3 24 | 23.6% | 21.2% | ||
| Q2 24 | 23.0% | 21.3% |
| Q1 26 | 8.7% | — | ||
| Q4 25 | -1.7% | 19.2% | ||
| Q3 25 | 17.5% | 29.7% | ||
| Q2 25 | 15.2% | 30.4% | ||
| Q1 25 | 14.8% | 29.9% | ||
| Q4 24 | 12.7% | 19.0% | ||
| Q3 24 | 14.5% | 24.0% | ||
| Q2 24 | 16.1% | 19.5% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $-0.17 | $0.53 | ||
| Q3 25 | $2.86 | $0.86 | ||
| Q2 25 | $2.45 | $0.88 | ||
| Q1 25 | $2.22 | $0.77 | ||
| Q4 24 | $1.96 | $0.50 | ||
| Q3 24 | $2.16 | $0.66 | ||
| Q2 24 | $2.36 | $0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.4B | $10.3B |
| Total DebtLower is stronger | $32.1B | $42.1B |
| Stockholders' EquityBook value | — | $32.2B |
| Total Assets | $74.0B | $104.8B |
| Debt / EquityLower = less leverage | — | 1.31× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | $10.3B | ||
| Q3 25 | $13.4B | $12.7B | ||
| Q2 25 | $10.7B | $9.6B | ||
| Q1 25 | $10.1B | $8.4B | ||
| Q4 24 | $11.0B | $10.8B | ||
| Q3 24 | $10.9B | $13.9B | ||
| Q2 24 | $9.8B | $13.7B |
| Q1 26 | $32.1B | — | ||
| Q4 25 | $27.1B | $42.1B | ||
| Q3 25 | $30.1B | $43.2B | ||
| Q2 25 | $30.2B | $45.0B | ||
| Q1 25 | $25.7B | $43.5B | ||
| Q4 24 | $25.5B | $42.4B | ||
| Q3 24 | $25.9B | $43.0B | ||
| Q2 24 | $20.9B | $38.1B |
| Q1 26 | — | — | ||
| Q4 25 | $13.9B | $32.2B | ||
| Q3 25 | $16.8B | $31.2B | ||
| Q2 25 | $16.1B | $28.6B | ||
| Q1 25 | $17.5B | $26.2B | ||
| Q4 24 | $18.6B | $24.9B | ||
| Q3 24 | $17.4B | $26.5B | ||
| Q2 24 | $16.9B | $25.9B |
| Q1 26 | $74.0B | — | ||
| Q4 25 | $73.7B | $104.8B | ||
| Q3 25 | $80.9B | $106.0B | ||
| Q2 25 | $78.4B | $104.3B | ||
| Q1 25 | $75.2B | $101.7B | ||
| Q4 24 | $75.2B | $100.5B | ||
| Q3 24 | $73.5B | $106.3B | ||
| Q2 24 | $69.3B | $101.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 1.31× | ||
| Q3 25 | 1.79× | 1.38× | ||
| Q2 25 | 1.87× | 1.57× | ||
| Q1 25 | 1.47× | 1.66× | ||
| Q4 24 | 1.37× | 1.70× | ||
| Q3 24 | 1.49× | 1.62× | ||
| Q2 24 | 1.23× | 1.47× |
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 | $0 | $3.8B |
| Free Cash FlowOCF − Capex | $56.0M | $2.9B |
| FCF MarginFCF / Revenue | 0.6% | 24.3% |
| Capex IntensityCapex / Revenue | 2.4% | 7.5% |
| Cash ConversionOCF / Net Profit | 0.00× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $5.1B | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $0 | — | ||
| Q4 25 | $1.2B | $3.8B | ||
| Q3 25 | $3.3B | $5.0B | ||
| Q2 25 | $1.3B | $3.8B | ||
| Q1 25 | $597.0M | $-5.2B | ||
| Q4 24 | $2.3B | $4.0B | ||
| Q3 24 | $2.0B | $-1.3B | ||
| Q2 24 | $1.4B | $3.6B |
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $2.9B | $4.6B | ||
| Q2 25 | $1.0B | $3.4B | ||
| Q1 25 | $346.0M | $-5.5B | ||
| Q4 24 | $1.9B | $3.1B | ||
| Q3 24 | $1.7B | $-1.7B | ||
| Q2 24 | $1.1B | $3.2B |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | 24.3% | ||
| Q3 25 | 28.0% | 36.6% | ||
| Q2 25 | 9.8% | 26.9% | ||
| Q1 25 | 3.5% | -49.5% | ||
| Q4 24 | 18.7% | 27.3% | ||
| Q3 24 | 17.7% | -14.6% | ||
| Q2 24 | 11.6% | 25.6% |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | 7.5% | ||
| Q3 25 | 3.6% | 3.8% | ||
| Q2 25 | 2.9% | 3.5% | ||
| Q1 25 | 2.6% | 2.8% | ||
| Q4 24 | 3.9% | 7.0% | ||
| Q3 24 | 2.9% | 4.0% | ||
| Q2 24 | 2.7% | 3.4% |
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | 1.80× | 1.36× | ||
| Q2 25 | 0.84× | 1.00× | ||
| Q1 25 | 0.41× | -1.56× | ||
| Q4 24 | 1.78× | 1.80× | ||
| Q3 24 | 1.41× | -0.44× | ||
| Q2 24 | 0.89× | 1.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
