FANUC vs Honeywell: Revenue, Profit and Business Model
FANUC had ~$5.7B of annual revenue in FY2025 and ~$1.1B of net income. Honeywell had $37.4B of annual revenue in FY2025 and $4.7B of net income.
Latest financial snapshot
Financial summary
FANUC
FANUC is consistently profitable for a capital-equipment maker. In FY2025 (ended March 2026) it earned ~$1.23 billion (¥183.8 billion) of operating income on ~$5.75 billion (¥857.8 billion) of sales, a margin of about 21%, and ordinary income of ~$1.52 billion (¥227.5 billion), helped by interest and investment income on its large cash holdings. The April 2026 plan called for FY2026 sales of ~$6.09 billion (¥909.6 billion) and operating income of ~$1.42 billion (¥212.2 billion); after Q1 sales of ~$1.55 billion (¥231.0 billion) and operating income of ~$358 million (¥53.5 billion) (about a 23% margin), FANUC raised sales guidance by 4.2% and operating-profit guidance by 2.7%. FANUC Corporation is an absolute titan in industrial robotics and factory automation, commanding a market valuation typically over $35 billion.
Honeywell
Legacy Honeywell reported $37.4 billion of FY2025 sales from continuing operations (after the Solstice spin) and $4.7 billion of net income. Recast for the Aerospace spin-off, the continuing automation business had a $19.9 billion FY2025 sales base. In Q2 2026, Honeywell Technologies alone posted $5.19 billion of sales (up 3% reported, 4% organic), orders up 16%, a 19.0% segment margin (up 100 basis points), and adjusted EPS of $1.95. Reported EPS of $16.65 was inflated by a one-time gain on deconsolidating Quantinuum. After the quarter, management guided 2026 sales to $19.8-20.0 billion and adjusted EPS to $8.05-8.35, reflecting a 1-for-2 reverse stock split that cut the share count to about 317 million. Honeywell International Inc. is a massive American multinational conglomerate, commanding a market valuation typically exceeding $130 billion.
Revenue and profit by year
FANUC
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$5.7B | ~$1.1B | 19.4% | +7.6% | Source |
| FY2024 | ~$5.3B | ~$988.6M | 18.5% | +0.2% | Source |
| FY2023 | ~$5.3B | ~$892.2M | 16.7% | -6.7% | Source |
| FY2022 | ~$5.7B | ~$1.1B | 20.0% | +16.2% | Source |
| FY2021 | ~$4.9B | ~$1B | 21.2% | — | Source |
Honeywell
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $37.4B | $4.7B | 12.6% | +7.8% | Source |
| FY2024 | $34.7B | $5.7B | 16.4% | +5.2% | Source |
| FY2023 | $33B | $5.7B | 17.1% | -6.9% | Source |
| FY2022 | $35.5B | $5B | 14.0% | +3.1% | Source |
| FY2021 | $34.4B | $5.5B | 16.1% | +5.4% | Source |
| FY2020 | $32.6B | $4.8B | 14.6% | -11.1% | Source |
| FY2019 | $36.7B | $6.1B | 16.7% | -12.2% | Source |
| FY2018 | $41.8B | $6.8B | 16.2% | +3.1% | Source |
| FY2017 | $40.5B | $1.5B | 3.8% | +3.1% | Source |
| FY2016 | $39.3B | $4.8B | 12.2% | — | Source |
Where the revenue comes from
FANUC
- FA and CNC Systems
Major product pillar
Sales of CNC controls, servo systems, and factory automation components to machine-tool builders and industrial customers.
- Robotics
Major product pillar
Industrial robot hardware, controllers, software, and integration support for manufacturing and logistics applications.
- Robomachines
Cyclical product pillar
ROBODRILL, ROBOSHOT, and ROBOCUT products used for machining, injection molding, and precision wire EDM.
- Service, Parts, and Software
Recurring support stream
Lifecycle service, spare parts, training, and factory connectivity tied to FANUC's installed base.
Honeywell
- Building Automation~38%
Building controls, fire, security, energy management, software, services, and connected facility systems.
- Industrial and Process Automation~46%
Process controls, warehouse automation, sensors, safety products, productivity systems, and industrial software.
- Software, Services, and Aftermarket~16%
Recurring software, upgrades, service contracts, connected worker products, and installed-base support.
Business model and strategy
FANUC
How it makes money
FANUC makes money by selling factory automation hardware and then supporting it for decades. Revenue comes from three product groups plus service: FA (CNC controls, servo motors, amplifiers, and lasers sold mainly to machine-tool builders), Robot (industrial robots and CRX collaborative robots sold to automakers, electronics makers, logistics firms, and integrators), and Robomachine (ROBODRILL machining centers, ROBO…
Growth strategy
FANUC's growth plan pushes automation into general industry such as food, logistics, and pharmaceuticals using CRX collaborative robots that are programmed through a tablet.
Competitive advantage
FANUC's advantage is a large installed base combined with in-house engineering. Machinists and maintenance teams worldwide are trained on FANUC CNC programming and robot controllers, so switching platforms means retraining staff, rewriting programs, and re-stocking spare parts.
Honeywell
How it makes money
Honeywell Technologies makes money by selling and servicing automation systems for three end markets. Building Automation sells fire, security, access-control, and building-management systems plus installation and service. Industrial Automation sells sensors, gas detection, and control products.
Growth strategy
Honeywell's growth plan is to concentrate capital on automation. Since 2023 it has spent about $11.5 billion on acquisitions such as Carrier's Access Solutions business, Air Products' LNG process business, Sundyne, Compressor Controls, SCADAfence, Li-ion Tamer, and Johnson Matthey's Catalyst Technologies, while selling lower-fit units (PPE in 2025, WWS and PSS in 2026).
Competitive advantage
Honeywell's edge is its installed base. Decades of control systems in refineries, LNG plants, and commercial buildings create switching costs, because replacing a distributed control system or a fire and life-safety network is risky and expensive.
Questions about FANUC vs Honeywell
Which company has higher revenue — FANUC Corporation or Honeywell Technologies?
FANUC Corporation had ~$5.7B (FY2025), while Honeywell Technologies had $37.4B (FY2025). By latest annual revenue, Honeywell Technologies is the larger business, with FANUC Corporation showing a smaller revenue base.
What is the market cap of FANUC Corporation vs Honeywell Technologies?
Honeywell Technologies has a market capitalisation of $67.4B. A public market cap figure for FANUC Corporation was not available (it may be privately held).
How does revenue per employee compare for FANUC Corporation and Honeywell Technologies?
FANUC Corporation has $572k / employee in revenue per employee, while Honeywell Technologies has $749k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do FANUC Corporation and Honeywell Technologies make money?
FANUC Corporation and Honeywell Technologies generate revenue in fundamentally different ways. FANUC Corporation: FANUC makes money by selling factory automation hardware and then supporting it for decades. Honeywell Technologies: Honeywell Technologies makes money by selling and servicing automation systems for three end markets.
Is FANUC Corporation bigger than Honeywell Technologies?
By last reported revenue, Honeywell Technologies ($37.4B (FY2025)) is the larger company compared to FANUC Corporation (~$5.7B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the FANUC vs Honeywell overview