Honeywell Technologies reported $18.8B of remaining performance obligations at 30 Sep 2026, down 52% from a year earlier and down 51% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: -2.85.
Net new backlog added in the latest quarter: -$19.2B.
Over the last twelve months it turned about 88% of its opening backlog into revenue (12-month conversion).
49% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 10.0% of the backlog.
Twelve-month book-to-bill: 0.40, i.e. 0.40 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -43 points — revenue is catching up with orders.
By backlog size it ranks 52nd among US filers the cockpit tracks.
Honeywell Technologies backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$18.8B
$33.6B
0.6 yrs
$1.88B
30 Jun 2026
$38.0B
$38.1B
1.0 yrs
$4.36B
31 Mar 2026
$38.3B
$37.7B
1.0 yrs
$4.23B
31 Dec 2025
$37.5B
$37.4B
1.0 yrs
$3.84B
30 Sep 2025
$39.1B
$36.9B
1.1 yrs
$4.35B
30 Jun 2025
$36.6B
$36.2B
1.0 yrs
$4.33B
31 Mar 2025
$36.1B
$35.5B
1.0 yrs
$4.26B
31 Dec 2024
$35.3B
$34.7B
1.0 yrs
$4.12B
30 Sep 2024
$34.3B
$31.3B
1.1 yrs
$3.93B
30 Jun 2024
$32.0B
$31.7B
1.0 yrs
$4.10B
31 Mar 2024
$32.0B
$32.3B
1.0 yrs
$4.00B
31 Dec 2023
$31.8B
$33.0B
1.0 yrs
$4.21B
Questions
What is Honeywell Technologies's backlog?
Honeywell Technologies reported $18.8B of remaining performance obligations at 30 Sep 2026, down 52% from a year earlier and down 51% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: -2.85.
How fast does Honeywell Technologies's backlog turn into revenue?
Over the last twelve months Honeywell Technologies recognised revenue equal to about 88% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.