Cost Insights: Breaking Down Honeywell International Inc. and 3M Company's Expenses

Cost Insights: Honeywell vs. 3M

In the ever-evolving landscape of industrial giants, Honeywell International Inc. and 3M Company have long been at the forefront. This analysis delves into their cost of revenue from 2014 to 2023, offering a window into their financial strategies. Over this period, Honeywell's cost of revenue peaked in 2018, reaching approximately 29 billion, before experiencing a decline to around 23 billion by 2023. In contrast, 3M's cost of revenue remained relatively stable, with a slight increase of about 17% from 2014 to 2022, peaking at nearly 19 billion. However, 2024 data for Honeywell is missing, indicating potential shifts in their financial reporting or strategy. This comparison highlights Honeywell's more volatile cost structure, while 3M maintains a steadier approach. Such insights are crucial for investors and analysts seeking to understand the financial health and strategic direction of these industrial titans.