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Side-by-side financial comparison of Honeywell (HON) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $9.1B, roughly 1.3× Honeywell). Netflix runs the higher net margin — 43.1% vs 8.7%, a 34.4% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 2.0%). Netflix produced more free cash flow last quarter ($5.1B vs $56.0M). Over the past eight quarters, Netflix's revenue compounded faster (13.2% 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.
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
HON vs NFLX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.1B | $12.2B |
| Net Profit | $795.0M | $5.3B |
| Gross Margin | — | 51.9% |
| Operating Margin | 16.1% | 32.3% |
| Net Margin | 8.7% | 43.1% |
| Revenue YoY | 2.0% | 16.2% |
| Net Profit YoY | -43.3% | 82.8% |
| EPS (diluted) | $1.29 | $1.23 |
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 | $12.2B | ||
| Q4 25 | $6.9B | $12.1B | ||
| Q3 25 | $10.4B | $11.5B | ||
| Q2 25 | $10.4B | $11.1B | ||
| Q1 25 | $9.8B | $10.5B | ||
| Q4 24 | $10.1B | $10.2B | ||
| Q3 24 | $9.7B | $9.8B | ||
| Q2 24 | $9.6B | $9.6B |
| Q1 26 | $795.0M | $5.3B | ||
| Q4 25 | $-115.0M | $2.4B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.6B | $3.1B | ||
| Q1 25 | $1.4B | $2.9B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.5B | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | 36.1% | 45.9% | ||
| Q3 25 | 31.1% | 46.4% | ||
| Q2 25 | 35.4% | 51.9% | ||
| Q1 25 | 35.2% | 50.1% | ||
| Q4 24 | 36.4% | 43.7% | ||
| Q3 24 | 35.1% | 47.9% | ||
| Q2 24 | 35.0% | 45.9% |
| Q1 26 | 16.1% | 32.3% | ||
| Q4 25 | 16.0% | 24.5% | ||
| Q3 25 | 23.1% | 28.2% | ||
| Q2 25 | 22.9% | 34.1% | ||
| Q1 25 | 23.0% | 31.7% | ||
| Q4 24 | 21.6% | 22.2% | ||
| Q3 24 | 23.6% | 29.6% | ||
| Q2 24 | 23.0% | 27.2% |
| Q1 26 | 8.7% | 43.1% | ||
| Q4 25 | -1.7% | 20.1% | ||
| Q3 25 | 17.5% | 22.1% | ||
| Q2 25 | 15.2% | 28.2% | ||
| Q1 25 | 14.8% | 27.4% | ||
| Q4 24 | 12.7% | 18.2% | ||
| Q3 24 | 14.5% | 24.1% | ||
| Q2 24 | 16.1% | 22.5% |
| Q1 26 | $1.29 | $1.23 | ||
| Q4 25 | $-0.17 | $-17.14 | ||
| Q3 25 | $2.86 | $5.87 | ||
| Q2 25 | $2.45 | $7.19 | ||
| Q1 25 | $2.22 | $0.66 | ||
| Q4 24 | $1.96 | $4.27 | ||
| Q3 24 | $2.16 | $5.40 | ||
| Q2 24 | $2.36 | $4.88 |
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 | $12.3B |
| Total DebtLower is stronger | $32.1B | $13.4B |
| Stockholders' EquityBook value | — | $31.1B |
| Total Assets | $74.0B | $61.0B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.4B | $12.3B | ||
| Q4 25 | $12.9B | $9.1B | ||
| Q3 25 | $13.4B | $9.3B | ||
| Q2 25 | $10.7B | $8.4B | ||
| Q1 25 | $10.1B | $8.4B | ||
| Q4 24 | $11.0B | $9.6B | ||
| Q3 24 | $10.9B | $9.2B | ||
| Q2 24 | $9.8B | $6.7B |
| Q1 26 | $32.1B | $13.4B | ||
| Q4 25 | $27.1B | $13.5B | ||
| Q3 25 | $30.1B | $14.5B | ||
| Q2 25 | $30.2B | $14.5B | ||
| Q1 25 | $25.7B | $14.0B | ||
| Q4 24 | $25.5B | $13.8B | ||
| Q3 24 | $25.9B | $14.2B | ||
| Q2 24 | $20.9B | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $13.9B | $26.6B | ||
| Q3 25 | $16.8B | $26.0B | ||
| Q2 25 | $16.1B | $25.0B | ||
| Q1 25 | $17.5B | $24.0B | ||
| Q4 24 | $18.6B | $24.7B | ||
| Q3 24 | $17.4B | $22.7B | ||
| Q2 24 | $16.9B | $22.1B |
| Q1 26 | $74.0B | $61.0B | ||
| Q4 25 | $73.7B | $55.6B | ||
| Q3 25 | $80.9B | $54.9B | ||
| Q2 25 | $78.4B | $53.1B | ||
| Q1 25 | $75.2B | $52.1B | ||
| Q4 24 | $75.2B | $53.6B | ||
| Q3 24 | $73.5B | $52.3B | ||
| Q2 24 | $69.3B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 1.95× | 0.51× | ||
| Q3 25 | 1.79× | 0.56× | ||
| Q2 25 | 1.87× | 0.58× | ||
| Q1 25 | 1.47× | 0.58× | ||
| Q4 24 | 1.37× | 0.56× | ||
| Q3 24 | 1.49× | 0.62× | ||
| Q2 24 | 1.23× | 0.55× |
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 | $5.3B |
| Free Cash FlowOCF − Capex | $56.0M | $5.1B |
| FCF MarginFCF / Revenue | 0.6% | 41.6% |
| Capex IntensityCapex / Revenue | 2.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.00× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | $5.1B | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $0 | $5.3B | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $3.3B | $2.8B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $597.0M | $2.8B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $1.4B | $1.3B |
| Q1 26 | $56.0M | $5.1B | ||
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $346.0M | $2.7B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.7B | $2.2B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | 0.6% | 41.6% | ||
| Q4 25 | 16.7% | 15.5% | ||
| Q3 25 | 28.0% | 23.1% | ||
| Q2 25 | 9.8% | 20.5% | ||
| Q1 25 | 3.5% | 25.2% | ||
| Q4 24 | 18.7% | 13.5% | ||
| Q3 24 | 17.7% | 22.3% | ||
| Q2 24 | 11.6% | 12.7% |
| Q1 26 | 2.4% | 1.6% | ||
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 3.6% | 1.4% | ||
| Q2 25 | 2.9% | 1.4% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | 3.9% | 1.5% | ||
| Q3 24 | 2.9% | 1.3% | ||
| Q2 24 | 2.7% | 0.8% |
| Q1 26 | 0.00× | 1.00× | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | 1.80× | 1.11× | ||
| Q2 25 | 0.84× | 0.78× | ||
| Q1 25 | 0.41× | 0.97× | ||
| Q4 24 | 1.78× | 0.82× | ||
| Q3 24 | 1.41× | 0.98× | ||
| Q2 24 | 0.89× | 0.60× |
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% |
NFLX
Segment breakdown not available.
