L3Harris Technologies Inc (LHX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,227,000 | 1,062,000 | 1,846,000 | 1,119,000 | 949,000 |
| Revenue | US$ in thousands | 18,876,000 | 16,777,000 | 17,769,000 | 17,913,000 | 6,632,000 |
| Net profit margin | 6.50% | 6.33% | 10.39% | 6.25% | 14.31% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,227,000K ÷ $18,876,000K
= 6.50%
The net profit margin of L3Harris Technologies Inc has shown variability over the past five years. In 2023, the net profit margin was at 6.50%, a slight increase from 6.33% in 2022. However, this is lower compared to the higher margin of 10.39% recorded in 2021. The 2020 net profit margin was at 6.25%, and the highest margin among the five years was seen in 2019 at 14.31%.
The fluctuation in the net profit margin may indicate changes in the company's cost structure, pricing strategies, or operating efficiency over the years. It is essential for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's overall financial performance and profitability sustainability.
Peer comparison
Dec 31, 2023