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Side-by-side financial comparison of Honeywell (HON) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
Honeywell is the larger business by last-quarter revenue ($9.1B vs $7.1B, roughly 1.3× PBF Energy Inc.). Honeywell runs the higher net margin — 8.7% vs 1.1%, a 7.6% gap on every dollar of revenue. On growth, Honeywell posted the faster year-over-year revenue change (2.0% vs -2.9%). PBF Energy Inc. produced more free cash flow last quarter ($77.0M vs $56.0M). Over the past eight quarters, Honeywell's revenue compounded faster (-2.3% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
HON vs PBF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1B | $7.1B |
| Net Profit | $795.0M | $78.4M |
| Gross Margin | — | -1.8% |
| Operating Margin | 16.1% | 1.8% |
| Net Margin | 8.7% | 1.1% |
| Revenue YoY | 2.0% | -2.9% |
| Net Profit YoY | -45.8% | 127.1% |
| EPS (diluted) | $1.29 | $0.74 |
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 | $7.1B | ||
| Q3 25 | $10.4B | $7.7B | ||
| Q2 25 | $10.4B | $7.5B | ||
| Q1 25 | $9.8B | $7.1B | ||
| Q4 24 | $10.1B | $7.4B | ||
| Q3 24 | $9.7B | $8.4B | ||
| Q2 24 | $9.6B | $8.7B |
| Q1 26 | $795.0M | — | ||
| Q4 25 | $-115.0M | $78.4M | ||
| Q3 25 | $1.8B | $170.1M | ||
| Q2 25 | $1.6B | $-5.2M | ||
| Q1 25 | $1.4B | $-401.8M | ||
| Q4 24 | $1.3B | $-289.3M | ||
| Q3 24 | $1.4B | $-285.9M | ||
| Q2 24 | $1.5B | $-65.2M |
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | -1.8% | ||
| Q3 25 | 31.1% | 0.5% | ||
| Q2 25 | 35.4% | -0.8% | ||
| Q1 25 | 35.2% | -5.9% | ||
| Q4 24 | 36.4% | -4.2% | ||
| Q3 24 | 35.1% | -3.4% | ||
| Q2 24 | 35.0% | 0.1% |
| Q1 26 | 16.1% | — | ||
| Q4 25 | 16.0% | 1.8% | ||
| Q3 25 | 23.1% | 3.7% | ||
| Q2 25 | 22.9% | 0.6% | ||
| Q1 25 | 23.0% | -7.2% | ||
| Q4 24 | 21.6% | -5.2% | ||
| Q3 24 | 23.6% | -4.6% | ||
| Q2 24 | 23.0% | -0.9% |
| Q1 26 | 8.7% | — | ||
| Q4 25 | -1.7% | 1.1% | ||
| Q3 25 | 17.5% | 2.2% | ||
| Q2 25 | 15.2% | -0.1% | ||
| Q1 25 | 14.8% | -5.7% | ||
| Q4 24 | 12.7% | -3.9% | ||
| Q3 24 | 14.5% | -3.4% | ||
| Q2 24 | 16.1% | -0.7% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $-0.17 | $0.74 | ||
| Q3 25 | $2.86 | $1.45 | ||
| Q2 25 | $2.45 | $-0.05 | ||
| Q1 25 | $2.22 | $-3.53 | ||
| Q4 24 | $1.96 | $-2.41 | ||
| Q3 24 | $2.16 | $-2.49 | ||
| 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 | $527.9M |
| Total DebtLower is stronger | $32.1B | — |
| Stockholders' EquityBook value | — | $5.3B |
| Total Assets | $74.0B | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | $527.9M | ||
| Q3 25 | $13.4B | $482.0M | ||
| Q2 25 | $10.7B | $590.7M | ||
| Q1 25 | $10.1B | $468.6M | ||
| Q4 24 | $11.0B | $536.1M | ||
| Q3 24 | $10.9B | $976.7M | ||
| Q2 24 | $9.8B | $1.4B |
| Q1 26 | $32.1B | — | ||
| Q4 25 | $27.1B | — | ||
| Q3 25 | $30.1B | — | ||
| Q2 25 | $30.2B | — | ||
| Q1 25 | $25.7B | — | ||
| Q4 24 | $25.5B | — | ||
| Q3 24 | $25.9B | — | ||
| Q2 24 | $20.9B | — |
| Q1 26 | — | — | ||
| Q4 25 | $13.9B | $5.3B | ||
| Q3 25 | $16.8B | $5.2B | ||
| Q2 25 | $16.1B | $5.1B | ||
| Q1 25 | $17.5B | $5.1B | ||
| Q4 24 | $18.6B | $5.5B | ||
| Q3 24 | $17.4B | $5.9B | ||
| Q2 24 | $16.9B | $6.3B |
| Q1 26 | $74.0B | — | ||
| Q4 25 | $73.7B | $13.0B | ||
| Q3 25 | $80.9B | $13.0B | ||
| Q2 25 | $78.4B | $13.0B | ||
| Q1 25 | $75.2B | $13.0B | ||
| Q4 24 | $75.2B | $12.7B | ||
| Q3 24 | $73.5B | $13.1B | ||
| Q2 24 | $69.3B | $14.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 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 | $0 | $366.6M |
| Free Cash FlowOCF − Capex | $56.0M | $77.0M |
| FCF MarginFCF / Revenue | 0.6% | 1.1% |
| Capex IntensityCapex / Revenue | 2.4% | 4.1% |
| Cash ConversionOCF / Net Profit | 0.00× | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $5.1B | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $0 | — | ||
| Q4 25 | $1.2B | $366.6M | ||
| Q3 25 | $3.3B | $25.7M | ||
| Q2 25 | $1.3B | $191.1M | ||
| Q1 25 | $597.0M | $-661.4M | ||
| Q4 24 | $2.3B | $-329.7M | ||
| Q3 24 | $2.0B | $-68.0M | ||
| Q2 24 | $1.4B | $425.3M |
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | $77.0M | ||
| Q3 25 | $2.9B | $-122.8M | ||
| Q2 25 | $1.0B | $35.0M | ||
| Q1 25 | $346.0M | $-772.4M | ||
| Q4 24 | $1.9B | $-425.7M | ||
| Q3 24 | $1.7B | $-169.8M | ||
| Q2 24 | $1.1B | $371.8M |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | 1.1% | ||
| Q3 25 | 28.0% | -1.6% | ||
| Q2 25 | 9.8% | 0.5% | ||
| Q1 25 | 3.5% | -10.9% | ||
| Q4 24 | 18.7% | -5.8% | ||
| Q3 24 | 17.7% | -2.0% | ||
| Q2 24 | 11.6% | 4.3% |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | 4.1% | ||
| Q3 25 | 3.6% | 1.9% | ||
| Q2 25 | 2.9% | 2.1% | ||
| Q1 25 | 2.6% | 1.6% | ||
| Q4 24 | 3.9% | 1.3% | ||
| Q3 24 | 2.9% | 1.2% | ||
| Q2 24 | 2.7% | 0.6% |
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | 4.68× | ||
| Q3 25 | 1.80× | 0.15× | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 0.89× | — |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
