Honeywell Technologies (HON)
Automation systems, process technology and lifecycle services for buildings and industry.
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Honeywell has shed its aerospace and advanced-materials arms to become an automation company. Building systems now lead the business, process plants provide a large service stream, and industrial sensors fill out the core. Connected software is the recurring layer across them, while a retained quantum-computing stake sits outside day-to-day sales.
Item facts: FY2025 pro forma · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
5 in detail · 17 more below
Building Automation
Controls, fire alarms and entry systems make this Honeywell's largest business. Sales grew 9% in the June quarter; watch construction budgets and whether strong fire-system orders become installations and long-lived service work.
Competes with Metasys and OpenBlue building controls (Johnson Controls) · EcoStruxure Building (Schneider Electric)
In plain English
Walk into a hospital, airport or data center and somebody has to keep the temperature steady, detect smoke and decide which doors unlock. Honeywell sells the control boxes, sensors and software that coordinate those jobs, then puts the pieces together for the building owner.
Customers first pay for equipment and installation. Once the system is in the walls, they keep paying for inspections, repairs, upgrades and software because replacing the whole setup is disruptive and safety rules do not go away.
Honeywell Forge
Forge links Honeywell-equipped sites so operators can spot wasted energy, safety problems and failing machines. Honeywell cites tens of thousands of connected customers, but not all are paid subscribers; watch whether connections become recurring software sales.
Competes with OpenBlue building-operations platform (Johnson Controls) · EcoStruxure operations platform (Schneider Electric)
In plain English
Think of Forge as a remote checkup for a building or factory. It gathers readings from connected equipment, puts them in one place and points staff toward machines using too much energy, drifting toward failure or creating a safety problem.
Honeywell can attach Forge when it installs or updates equipment, using its service crews and partners to reach existing customers. Owners then pay for software access and related help when the savings or avoided shutdowns are worth more than the bill. The missing piece is how many connected sites actually pay.
Process Automation and Technology
Gives refineries and gas plants designs, controls, large equipment and reaction materials, then keeps earning from reloads and upgrades. Honeywell's companywide order book was about $20 billion in June; watch whether this business's recent order recovery becomes sales.
Competes with DeltaV and Ovation control systems (Emerson) · CENTUM VP and ProSafe-RS control systems (Yokogawa)
In plain English
A refinery or gas plant is a maze of pipes where pressure, heat and chemical reactions must stay inside narrow limits. Honeywell supplies the plant's operating recipe, the equipment that runs it, control systems that keep it steady and catalysts—materials that help reactions happen faster.
The first project can be large and uneven: customers pay as designs, equipment and installation reach agreed milestones. After startup, the same plant returns for fresh catalyst, replacement parts, software, repairs and modernization. That repeat work supplied a little over half of this business in the anchor year.
Industrial Automation
Sensors, meters, gas detectors and heat controls form the smaller hardware arm. After two disposals, the retained business grew about 2% in the June quarter; watch factory demand and utility modernization.
Competes with Rosemount, Micro Motion and Flexim instruments (Emerson) · Proline flowmeters (Endress+Hauser)
In plain English
This is Honeywell's box of measuring tools. A sensor inside a medical machine checks a condition; a utility meter counts electricity, gas or water; a detector warns of a dangerous leak; a heat control keeps an industrial burner behaving.
Equipment makers pay to build these parts into their products, while utilities and plants buy devices, software and field help. Once a part is approved for a machine or network, changing it can mean proving safety and accuracy all over again. That helps repeat sales, but volumes still rise and fall with factory output and utility spending.
Quantinuum
Quantinuum builds quantum computers that hold information in trapped ions, plus access software and security products. It produced just $8 million of sales in the June quarter; watch whether technical progress creates useful, repeatable customer work.
Competes with Forte Enterprise quantum system (IonQ) · IBM Quantum and Qiskit (IBM)
In plain English
The outlier is a separately traded computing company in which Honeywell still owns roughly half. Quantinuum uses charged atoms held in place as the working pieces of a new kind of computer, and sells access to those machines, supporting software and security tools.
For now, this is closer to a funded laboratory becoming a business than a normal Honeywell product line. Researchers and organizations pay to use the systems, but sales remain tiny: RIKEN supplied about 60% of the previous year's revenue. Honeywell shares in the value through its ownership, not through automation sales.
Building AutomationControls, fire alarms and entry systems make this Honeywell's largest business. Sales grew 9% in the June quarter; watch construction budgets and whether strong fire-system orders become installations and long-lived service work.Controls, fire alarms and entry systems make this Honeywell's largest business. Sales grew 9% in the June quarter; watch construction budgets and whether strong fire-system orders become installations and long-lived service work.
In plain English
Walk into a hospital, airport or data center and somebody has to keep the temperature steady, detect smoke and decide which doors unlock. Honeywell sells the control boxes, sensors and software that coordinate those jobs, then puts the pieces together for the building owner.
Customers first pay for equipment and installation. Once the system is in the walls, they keep paying for inspections, repairs, upgrades and software because replacing the whole setup is disruptive and safety rules do not go away.
Competes with Metasys and OpenBlue building controls (Johnson Controls) · EcoStruxure Building (Schneider Electric)
Honeywell ForgeForge links Honeywell-equipped sites so operators can spot wasted energy, safety problems and failing machines. Honeywell cites tens of thousands of connected customers, but not all are paid subscribers; watch whether connections become recurring software sales.Forge links Honeywell-equipped sites so operators can spot wasted energy, safety problems and failing machines. Honeywell cites tens of thousands of connected customers, but not all are paid subscribers; watch whether connections become recurring software sales.
In plain English
Think of Forge as a remote checkup for a building or factory. It gathers readings from connected equipment, puts them in one place and points staff toward machines using too much energy, drifting toward failure or creating a safety problem.
Honeywell can attach Forge when it installs or updates equipment, using its service crews and partners to reach existing customers. Owners then pay for software access and related help when the savings or avoided shutdowns are worth more than the bill. The missing piece is how many connected sites actually pay.
Competes with OpenBlue building-operations platform (Johnson Controls) · EcoStruxure operations platform (Schneider Electric)
Process Automation and TechnologyGives refineries and gas plants designs, controls, large equipment and reaction materials, then keeps earning from reloads and upgrades. Honeywell's companywide order book was about $20 billion in June; watch whether this business's recent order recovery becomes sales.Gives refineries and gas plants designs, controls, large equipment and reaction materials, then keeps earning from reloads and upgrades. Honeywell's companywide order book was about $20 billion in June; watch whether this business's recent order recovery becomes sales.
In plain English
A refinery or gas plant is a maze of pipes where pressure, heat and chemical reactions must stay inside narrow limits. Honeywell supplies the plant's operating recipe, the equipment that runs it, control systems that keep it steady and catalysts—materials that help reactions happen faster.
The first project can be large and uneven: customers pay as designs, equipment and installation reach agreed milestones. After startup, the same plant returns for fresh catalyst, replacement parts, software, repairs and modernization. That repeat work supplied a little over half of this business in the anchor year.
Competes with DeltaV and Ovation control systems (Emerson) · CENTUM VP and ProSafe-RS control systems (Yokogawa)
Industrial AutomationSensors, meters, gas detectors and heat controls form the smaller hardware arm. After two disposals, the retained business grew about 2% in the June quarter; watch factory demand and utility modernization.Sensors, meters, gas detectors and heat controls form the smaller hardware arm. After two disposals, the retained business grew about 2% in the June quarter; watch factory demand and utility modernization.
In plain English
This is Honeywell's box of measuring tools. A sensor inside a medical machine checks a condition; a utility meter counts electricity, gas or water; a detector warns of a dangerous leak; a heat control keeps an industrial burner behaving.
Equipment makers pay to build these parts into their products, while utilities and plants buy devices, software and field help. Once a part is approved for a machine or network, changing it can mean proving safety and accuracy all over again. That helps repeat sales, but volumes still rise and fall with factory output and utility spending.
Competes with Rosemount, Micro Motion and Flexim instruments (Emerson) · Proline flowmeters (Endress+Hauser)
QuantinuumQuantinuum builds quantum computers that hold information in trapped ions, plus access software and security products. It produced just $8 million of sales in the June quarter; watch whether technical progress creates useful, repeatable customer work.Quantinuum builds quantum computers that hold information in trapped ions, plus access software and security products. It produced just $8 million of sales in the June quarter; watch whether technical progress creates useful, repeatable customer work.
In plain English
The outlier is a separately traded computing company in which Honeywell still owns roughly half. Quantinuum uses charged atoms held in place as the working pieces of a new kind of computer, and sells access to those machines, supporting software and security tools.
For now, this is closer to a funded laboratory becoming a business than a normal Honeywell product line. Researchers and organizations pay to use the systems, but sales remain tiny: RIKEN supplied about 60% of the previous year's revenue. Honeywell shares in the value through its ownership, not through automation sales.
Competes with Forte Enterprise quantum system (IonQ) · IBM Quantum and Qiskit (IBM)
Named in filings, launches and programs
- Honeywell UOPProduct lineLets plants use Honeywell's process designs and sells reaction materials, compact equipment and connected service for fuels, chemicals and gas.
- Experion PKSPlatformThe control and safety system at the center of Honeywell's process-plant projects, software and upgrades.
- Honeywell LNG Technology and EquipmentProduct lineEquipment and treatment methods for chilling natural gas into liquid, now sold alongside UOP and plant controls.
- SundyneBrandPumps and compressors acquired in 2025 to widen Honeywell's plant-equipment range and future repair work.
- Johnson Matthey Catalyst TechnologiesProduct lineAdds reaction materials and methods for hydrogen, methanol, ammonia and lower-carbon fuels following its July 2026 acquisition.
- Honeywell Building Management SystemsProduct lineCoordinates heating, cooling, lighting and energy use with building controllers, field devices and software.
- NOTIFIERBrandFire detection, alarms and connected life-safety equipment sold through Honeywell's building channel.
- Global Access SolutionsProduct lineLenelS2, Onity and Supra door-access and security products acquired from Carrier in 2024.
- Sensing SolutionsProduct lineSwitches, sensors and measurement tools designed into healthcare, transport and industrial equipment.
- Smart EnergyProduct lineMeters, network devices, software and field service for electricity, gas and water utilities.
- Thermal SolutionsProduct lineIndustrial burners and heat-control equipment retained inside Industrial Automation.
- Dangote Refinery Expansion ProgramCustomer programCombines process licenses, catalysts, equipment, monitoring and training for expansion of the Nigerian complex.
- North American LNG ProgramsCustomer programCleans natural gas and chills it into liquid for Commonwealth LNG and Rio Grande LNG through Bechtel.
- QatarEnergy LNG Rebuild ProgramCustomer programA named process-technology project within Honeywell's large group of recent plant-automation wins.
- Acelen Renewables Biofuel ProgramCustomer programModular process technology and automation for a Brazilian renewable-fuel project; the award value was not disclosed.
- Google Cloud–Forge AI PartnershipEcosystemCombines Google's data-analysis tools with Forge to build applications for connected industrial equipment.
- HSE Smart Buildings ProgramCustomer programMulti-year building automation for the Charlotte Hornets' arena and training center; the contract value was not disclosed.
Honeywell UOPProduct line
Lets plants use Honeywell's process designs and sells reaction materials, compact equipment and connected service for fuels, chemicals and gas.
Experion PKSPlatform
The control and safety system at the center of Honeywell's process-plant projects, software and upgrades.
Honeywell LNG Technology and EquipmentProduct line
Equipment and treatment methods for chilling natural gas into liquid, now sold alongside UOP and plant controls.
SundyneBrand
Pumps and compressors acquired in 2025 to widen Honeywell's plant-equipment range and future repair work.
Johnson Matthey Catalyst TechnologiesProduct line
Adds reaction materials and methods for hydrogen, methanol, ammonia and lower-carbon fuels following its July 2026 acquisition.
Honeywell Building Management SystemsProduct line
Coordinates heating, cooling, lighting and energy use with building controllers, field devices and software.
NOTIFIERBrand
Fire detection, alarms and connected life-safety equipment sold through Honeywell's building channel.
Global Access SolutionsProduct line
LenelS2, Onity and Supra door-access and security products acquired from Carrier in 2024.
Sensing SolutionsProduct line
Switches, sensors and measurement tools designed into healthcare, transport and industrial equipment.
Smart EnergyProduct line
Meters, network devices, software and field service for electricity, gas and water utilities.
Thermal SolutionsProduct line
Industrial burners and heat-control equipment retained inside Industrial Automation.
Dangote Refinery Expansion ProgramCustomer program
Combines process licenses, catalysts, equipment, monitoring and training for expansion of the Nigerian complex.
North American LNG ProgramsCustomer program
Cleans natural gas and chills it into liquid for Commonwealth LNG and Rio Grande LNG through Bechtel.
QatarEnergy LNG Rebuild ProgramCustomer program
A named process-technology project within Honeywell's large group of recent plant-automation wins.
Acelen Renewables Biofuel ProgramCustomer program
Modular process technology and automation for a Brazilian renewable-fuel project; the award value was not disclosed.
Google Cloud–Forge AI PartnershipEcosystem
Combines Google's data-analysis tools with Forge to build applications for connected industrial equipment.
HSE Smart Buildings ProgramCustomer program
Multi-year building automation for the Charlotte Hornets' arena and training center; the contract value was not disclosed.