L3Harris Technologies Inc (LHX)
Net profit margin
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,190,000 | 1,173,000 | 1,227,000 | 1,485,000 | 802,000 | 924,000 | 1,062,000 | 1,130,000 | 1,911,000 | 1,853,000 | 1,846,000 | 1,555,000 | 1,500,000 | 1,370,000 | 1,119,000 | 1,355,000 | 1,197,000 | 1,157,000 | 1,165,000 | 949,000 |
| Revenue (ttm) | US$ in thousands | 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 | 6,633,000 |
| Net profit margin | 5.92% | 5.99% | 6.49% | 8.14% | 4.54% | 5.40% | 6.33% | 6.81% | 11.51% | 10.70% | 10.39% | 8.63% | 8.22% | 7.68% | 6.25% | 7.56% | 7.79% | 9.14% | 11.98% | 14.31% |
June 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,190,000K ÷ $20,087,000K
= 5.92%
The net profit margin of L3Harris Technologies Inc has shown fluctuations over the past few quarters. It started at a relatively high level of 14.31% in June 2019, then decreased over time, reaching its lowest point of 4.54% in June 2023 before gradually improving.
The net profit margin represents the percentage of revenue that translates into profit after all expenses have been deducted. A higher net profit margin indicates that the company is able to generate more profit from its sales.
In the most recent quarter (June 2024), the net profit margin stood at 5.92%, which is a slight decrease from the previous quarter. It is important to monitor the trend of this ratio over time to assess the company's profitability and efficiency in managing costs.
Peer comparison
Jun 30, 2024