L3Harris Technologies Inc (LHX)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 1,502,000 1,227,000 1,062,000 1,846,000 1,119,000
Revenue US$ in thousands 21,325,000 19,419,000 17,062,000 17,814,000 18,194,000
Net profit margin 7.04% 6.32% 6.22% 10.36% 6.15%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,502,000K ÷ $21,325,000K
= 7.04%

The net profit margin of L3Harris Technologies Inc has shown a fluctuating trend over the past five years. It was 6.15% in December 2020 and increased to 10.36% by December 2021, reflecting a significant improvement in profitability. However, in the subsequent years, the net profit margin slightly decreased to 6.22% in December 2022, 6.32% in December 2023, and then rose again to 7.04% by December 2024.

Overall, the company's net profit margin has demonstrated some volatility in recent years, with periods of both growth and decline. It is important for investors and stakeholders to monitor these fluctuations closely to assess the company's ability to generate profits relative to its revenue and expenses.