• Honeywell average net profit margin for 2023 was 14.98%, a 0.81% increase from 2022.
• Honeywell average net profit margin for 2022 was 14.86%, a 2.11% increase from 2021.
• Honeywell average net profit margin for 2021 was 15.18%, a 5.07% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.