Apple vs Honeywell International: Business Model & Financial Comparison 2026
Apple · Technology / Consumer Electronics·Honeywell International · Industrials / Conglomerates
Financial Comparison
| Metric | AAPLApple | HONHoneywell International |
|---|---|---|
| Market Cap | $3.68T | $149.07B |
| Revenue (TTM) | $435.62B | $37.44B |
| Revenue Growth | 15.7% | -3.3% |
| Gross Margin | 47.3% | 36.9% |
| Operating Margin | 35.4% | 15.4% |
| Net Margin | 27.0% | 12.6% |
| Return on Equity | 152.0% | 26.1% |
| P/E (Trailing) | 31.7x | 33.8x |
| P/E (Forward) | 26.9x | 20.4x |
| Free Cash Flow | $106.31B | $4.66B |
| Cash | $66.91B | $12.93B |
| Total Debt | $90.51B | $35.56B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
Apple
Apple stands as the world's most valuable company and leader in consumer electronics. Generating $435.62 billion in annual revenue (growing 15.7% year-over-year) and carrying a market capitalization of $3.83 trillion, the company has cemented its position as a foundational player in the global Consumer Electronics landscape. Under the leadership of Tim Cook, Apple continues to execute on a multi-year strategic vision that balances growth investme…
Full Apple analysis →Honeywell International
Honeywell International Inc. stands as a leading company in Industrials. Generating $37.44 billion in annual revenue (growing -3.3% year-over-year) and carrying a market capitalization of $160.64 billion, the company has cemented its position as a foundational player in the global Conglomerates landscape. Under the leadership of its leadership team, Honeywell International Inc. continues to execute on a multi-year strategic vision that balances g…
Full Honeywell International analysis →SWOT Analysis Comparison
Strengths
Apple
- With a market capitalization of $3.83T, Apple is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that smaller com
- Apple's gross margin of 47.3% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 35.4% demonstrates disciplined cos
- Revenue grew 15.7% year-over-year to $435.62B, indicating strong demand for Apple's products and services and outperformance relative to many industry peers.
Honeywell International
- With a market capitalization of $160.64B, Honeywell International Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capita
- Honeywell International Inc. maintains a gross margin of 36.9% and operating margin of 15.4%, demonstrating consistent operational execution and cost discipline in a competitive market.
- A return on equity of 26.1% demonstrates that Honeywell International Inc. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
Weaknesses
Apple
- With a debt-to-equity ratio of 102.6, Apple carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases vulnerabilit
- With 150,000 employees globally, Apple faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, nimbler competito
- iPhone revenue still represents 52% of total sales — over-reliance on a single product
Honeywell International
- With a debt-to-equity ratio of 236.6, Honeywell International Inc. carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and
- Year-over-year revenue declined 3.3%, raising questions about demand for Honeywell International Inc.'s core offerings and requiring management to articulate a credible recovery path.
- With 101,000 employees globally, Honeywell International Inc. faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that sma
Opportunities
Apple
- The rapid advancement of generative AI and large language models presents Apple with opportunities to automate operations, enhance products, and develop new AI-native services. Companies in Technology
- Apple operates in the Consumer Electronics segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in this environmen
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Apple's
Honeywell International
- Honeywell International Inc. operates in the Conglomerates segment of the broader Industrials sector, which represents a $8.4 trillion global industrial market. Even modest share gains in this environ
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Honeywe
- With $12.93B in cash and strong free cash flow generation, Honeywell International Inc. is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic r
Threats
Apple
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Apple's revenue is not fully insulated from macroeconomic cycles, and a recession scenario c
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Apple's business mo
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
Honeywell International
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Honeywell International Inc.'s revenue is not fully insulated from macroeconomic cycles, and
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Honeywell Internati
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
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Open Comparison ToolApple vs Honeywell International: FAQ
- Is Apple bigger than Honeywell International?
- By market capitalization, Apple is larger at $3.68T vs Honeywell International's $149.07B.
- Which has better profit margins — Apple or Honeywell International?
- Apple has higher net profit margins (27.0%) compared to Honeywell International (12.6%). Gross and operating margins are compared in the table above.
- What sectors do Apple and Honeywell International operate in?
- Apple operates in the Technology sector (Consumer Electronics). Honeywell International operates in the Industrials sector (Conglomerates).
- How does Apple's revenue compare to Honeywell International's?
- Apple generates $435.62B in annual revenue (TTM) while Honeywell International generates $37.44B. Apple is the larger company by revenue as of 2026.