L3Harris Technologies Inc (LHX)
Gross profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,133,000 | 5,141,000 | 5,029,000 | 5,080,000 | 5,095,000 | 4,952,000 | 4,839,000 | 4,850,000 | 4,927,000 | 4,962,000 | 5,076,000 | 5,265,000 | 5,376,000 | 5,478,000 | 5,481,000 | 5,334,000 | 5,308,000 | 5,257,000 | 5,135,000 | 4,507,000 |
| Revenue (ttm) | US$ in thousands | 21,325,000 | 21,142,000 | 20,765,000 | 20,159,000 | 19,419,000 | 18,657,000 | 17,988,000 | 17,430,000 | 17,062,000 | 16,834,000 | 16,817,000 | 17,350,000 | 17,814,000 | 18,124,000 | 18,358,000 | 18,135,000 | 18,194,000 | 18,366,000 | 18,334,000 | 15,754,000 |
| Gross profit margin | 24.07% | 24.32% | 24.22% | 25.20% | 26.24% | 26.54% | 26.90% | 27.83% | 28.88% | 29.48% | 30.18% | 30.35% | 30.18% | 30.23% | 29.86% | 29.41% | 29.17% | 28.62% | 28.01% | 28.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,133,000K ÷ $21,325,000K
= 24.07%
L3Harris Technologies Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend has generally been somewhat positive initially, peaking at 30.35% on March 31, 2022, after showing a consistent increase. However, after that peak, there was a gradual decline in the gross profit margin, dropping to 24.07% on December 31, 2024.
The company experienced stable gross profit margins in the range of 28-30% for a significant period, indicating good profitability and cost management. However, the recent decline suggests a potential decrease in profitability relative to sales, possibly due to factors affecting the company's cost structure or pricing strategies.
This analysis highlights the importance of monitoring gross profit margins over time to assess the company's ability to control production costs and maintain profitability levels. Investors and stakeholders should continue to track this metric to understand how changes may impact the company's financial performance and competitiveness in the market.
Peer comparison
Dec 31, 2024