L3Harris Technologies Inc (LHX)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 417,000 | 244,000 | 285,000 | 490,000 | 513,000 | -79,000 | 45,000 | 173,000 | -229,000 | 691,000 | 846,000 | 894,000 | 1,850,000 | 1,456,000 | 919,000 | 561,000 | 887,000 | 1,059,000 | 1,713,000 | 2,264,000 |
| Revenue (ttm) | US$ in thousands | 20,623,000 | 20,087,000 | 19,568,000 | 18,902,000 | 18,236,000 | 17,656,000 | 17,116,000 | 16,782,000 | 16,590,000 | 16,603,000 | 17,318,000 | 17,769,000 | 18,027,000 | 18,239,000 | 17,836,000 | 17,910,000 | 17,934,000 | 15,359,000 | 12,664,000 | 9,727,000 |
| Gross profit margin | 2.02% | 1.21% | 1.46% | 2.59% | 2.81% | -0.45% | 0.26% | 1.03% | -1.38% | 4.16% | 4.89% | 5.03% | 10.26% | 7.98% | 5.15% | 3.13% | 4.95% | 6.89% | 13.53% | 23.28% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $417,000K ÷ $20,623,000K
= 2.02%
The gross profit margin of L3Harris Technologies Inc has shown fluctuations over the past several quarters. In the most recent quarter, ending September 30, 2024, the gross profit margin was 2.02%, indicating that for every dollar of revenue generated, the company retained approximately 2.02 cents as gross profit.
Compared to the historically higher levels seen in earlier quarters, such as in December 2021 and September 2019, where the gross profit margins were 10.26% and 23.28% respectively, the recent margins indicate a decrease in profitability at the gross level.
The trend appears to have been declining since the peak in September 2019. This downward trend could be a concern, as lower gross profit margins could signify challenges in managing production costs, pricing strategies, or competitive pressures. Investors and analysts may want to further investigate the reasons behind this trend and assess the company's overall financial health and competitiveness in the market.
Peer comparison
Sep 30, 2024