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Side-by-side financial comparison of Honeywell (HON) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
US Foods Holding Corp. is the larger business by last-quarter revenue ($9.8B vs $9.1B, roughly 1.1× Honeywell). Honeywell runs the higher net margin — 8.7% vs 1.9%, a 6.8% gap on every dollar of revenue. On growth, US Foods Holding Corp. posted the faster year-over-year revenue change (3.3% vs 2.0%). US Foods Holding Corp. produced more free cash flow last quarter ($159.0M vs $56.0M). Over the past eight quarters, US Foods Holding Corp.'s revenue compounded faster (4.6% 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.
US Foods Holding Corp. is an American food service distributor. It is the second-largest food service distributor in the U.S., after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.
HON vs USFD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1B | $9.8B |
| Net Profit | $795.0M | $184.0M |
| Gross Margin | — | 17.6% |
| Operating Margin | 16.1% | 3.3% |
| Net Margin | 8.7% | 1.9% |
| Revenue YoY | 2.0% | 3.3% |
| Net Profit YoY | -45.8% | 178.8% |
| EPS (diluted) | $1.29 | $0.82 |
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 | $9.8B | ||
| Q3 25 | $10.4B | $10.2B | ||
| Q2 25 | $10.4B | $10.1B | ||
| Q1 25 | $9.8B | $9.4B | ||
| Q4 24 | $10.1B | $9.5B | ||
| Q3 24 | $9.7B | $9.7B | ||
| Q2 24 | $9.6B | $9.7B |
| Q1 26 | $795.0M | — | ||
| Q4 25 | $-115.0M | $184.0M | ||
| Q3 25 | $1.8B | $153.0M | ||
| Q2 25 | $1.6B | $224.0M | ||
| Q1 25 | $1.4B | $115.0M | ||
| Q4 24 | $1.3B | $66.0M | ||
| Q3 24 | $1.4B | $148.0M | ||
| Q2 24 | $1.5B | $198.0M |
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | 17.6% | ||
| Q3 25 | 31.1% | 17.2% | ||
| Q2 25 | 35.4% | 17.6% | ||
| Q1 25 | 35.2% | 17.3% | ||
| Q4 24 | 36.4% | 17.6% | ||
| Q3 24 | 35.1% | 17.1% | ||
| Q2 24 | 35.0% | 17.6% |
| Q1 26 | 16.1% | — | ||
| Q4 25 | 16.0% | 3.3% | ||
| Q3 25 | 23.1% | 2.8% | ||
| Q2 25 | 22.9% | 3.7% | ||
| Q1 25 | 23.0% | 2.4% | ||
| Q4 24 | 21.6% | 3.2% | ||
| Q3 24 | 23.6% | 2.9% | ||
| Q2 24 | 23.0% | 3.6% |
| Q1 26 | 8.7% | — | ||
| Q4 25 | -1.7% | 1.9% | ||
| Q3 25 | 17.5% | 1.5% | ||
| Q2 25 | 15.2% | 2.2% | ||
| Q1 25 | 14.8% | 1.2% | ||
| Q4 24 | 12.7% | 0.7% | ||
| Q3 24 | 14.5% | 1.5% | ||
| Q2 24 | 16.1% | 2.0% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $-0.17 | $0.82 | ||
| Q3 25 | $2.86 | $0.67 | ||
| Q2 25 | $2.45 | $0.96 | ||
| Q1 25 | $2.22 | $0.49 | ||
| Q4 24 | $1.96 | $0.28 | ||
| Q3 24 | $2.16 | $0.61 | ||
| Q2 24 | $2.36 | $0.80 |
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 | $41.0M |
| Total DebtLower is stronger | $32.1B | $5.1B |
| Stockholders' EquityBook value | — | $4.3B |
| Total Assets | $74.0B | $13.9B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | $41.0M | ||
| Q3 25 | $13.4B | $56.0M | ||
| Q2 25 | $10.7B | $61.0M | ||
| Q1 25 | $10.1B | $101.0M | ||
| Q4 24 | $11.0B | $59.0M | ||
| Q3 24 | $10.9B | $81.0M | ||
| Q2 24 | $9.8B | $405.0M |
| Q1 26 | $32.1B | — | ||
| Q4 25 | $27.1B | $5.1B | ||
| Q3 25 | $30.1B | $4.8B | ||
| Q2 25 | $30.2B | $4.7B | ||
| Q1 25 | $25.7B | $4.7B | ||
| Q4 24 | $25.5B | $4.8B | ||
| Q3 24 | $25.9B | $4.7B | ||
| Q2 24 | $20.9B | $4.6B |
| Q1 26 | — | — | ||
| Q4 25 | $13.9B | $4.3B | ||
| Q3 25 | $16.8B | $4.5B | ||
| Q2 25 | $16.1B | $4.6B | ||
| Q1 25 | $17.5B | $4.6B | ||
| Q4 24 | $18.6B | $4.5B | ||
| Q3 24 | $17.4B | $4.6B | ||
| Q2 24 | $16.9B | $5.0B |
| Q1 26 | $74.0B | — | ||
| Q4 25 | $73.7B | $13.9B | ||
| Q3 25 | $80.9B | $14.0B | ||
| Q2 25 | $78.4B | $13.8B | ||
| Q1 25 | $75.2B | $13.7B | ||
| Q4 24 | $75.2B | $13.4B | ||
| Q3 24 | $73.5B | $13.5B | ||
| Q2 24 | $69.3B | $13.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 1.18× | ||
| Q3 25 | 1.79× | 1.08× | ||
| Q2 25 | 1.87× | 1.02× | ||
| Q1 25 | 1.47× | 1.02× | ||
| Q4 24 | 1.37× | 1.06× | ||
| Q3 24 | 1.49× | 1.01× | ||
| Q2 24 | 1.23× | 0.92× |
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 | $293.0M |
| Free Cash FlowOCF − Capex | $56.0M | $159.0M |
| FCF MarginFCF / Revenue | 0.6% | 1.6% |
| Capex IntensityCapex / Revenue | 2.4% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.00× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | $5.1B | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $0 | — | ||
| Q4 25 | $1.2B | $293.0M | ||
| Q3 25 | $3.3B | $351.0M | ||
| Q2 25 | $1.3B | $334.0M | ||
| Q1 25 | $597.0M | $391.0M | ||
| Q4 24 | $2.3B | $283.0M | ||
| Q3 24 | $2.0B | $270.0M | ||
| Q2 24 | $1.4B | $482.0M |
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | $159.0M | ||
| Q3 25 | $2.9B | $236.0M | ||
| Q2 25 | $1.0B | $257.0M | ||
| Q1 25 | $346.0M | $307.0M | ||
| Q4 24 | $1.9B | $178.0M | ||
| Q3 24 | $1.7B | $190.0M | ||
| Q2 24 | $1.1B | $413.0M |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | 1.6% | ||
| Q3 25 | 28.0% | 2.3% | ||
| Q2 25 | 9.8% | 2.5% | ||
| Q1 25 | 3.5% | 3.3% | ||
| Q4 24 | 18.7% | 1.9% | ||
| Q3 24 | 17.7% | 2.0% | ||
| Q2 24 | 11.6% | 4.3% |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 3.6% | 1.1% | ||
| Q2 25 | 2.9% | 0.8% | ||
| Q1 25 | 2.6% | 0.9% | ||
| Q4 24 | 3.9% | 1.1% | ||
| Q3 24 | 2.9% | 0.8% | ||
| Q2 24 | 2.7% | 0.7% |
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | 1.59× | ||
| Q3 25 | 1.80× | 2.29× | ||
| Q2 25 | 0.84× | 1.49× | ||
| Q1 25 | 0.41× | 3.40× | ||
| Q4 24 | 1.78× | 4.29× | ||
| Q3 24 | 1.41× | 1.82× | ||
| Q2 24 | 0.89× | 2.43× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
