L3Harris Technologies Inc (LHX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,524,000 | 5,113,000 | 4,927,000 | 5,376,000 | 5,308,000 |
| Revenue | US$ in thousands | 21,325,000 | 19,419,000 | 17,062,000 | 17,814,000 | 18,194,000 |
| Gross profit margin | 25.90% | 26.33% | 28.88% | 30.18% | 29.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,524,000K ÷ $21,325,000K
= 25.90%
The gross profit margin of L3Harris Technologies Inc has shown some fluctuations over the years. In December 2020, the gross profit margin stood at 29.17%, which increased slightly to 30.18% by December 2021. However, there was a decrease in the gross profit margin to 28.88% by December 2022, and a further decline to 26.33% by December 2023. The trend continued with a gross profit margin of 25.90% by December 2024.
These fluctuations in the gross profit margin indicate that the company may be experiencing challenges in managing its cost of goods sold relative to its revenue, which could impact its overall profitability. It is important for the company to analyze the factors contributing to these fluctuations and implement strategies to improve efficiency and maintain a healthy gross profit margin.
Peer comparison
Dec 31, 2024