• Honeywell average pre-tax profit margin for 2023 was 18.95%, a 2.17% increase from 2022.
• Honeywell average pre-tax profit margin for 2022 was 19.37%, a 2.32% decline from 2021.
• Honeywell average pre-tax profit margin for 2021 was 19.83%, a 2.06% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.