L3Harris Technologies Inc (LHX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,207,000 | 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 |
| 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 |
| Net profit margin | 5.85% | 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% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,207,000K ÷ $20,623,000K
= 5.85%
The net profit margin of L3Harris Technologies Inc has shown some fluctuations over the past several quarters. In the most recent quarter ending September 30, 2024, the net profit margin was 5.85%, continuing a slight downward trend from the previous quarters. Despite this decrease, the company has maintained a relatively stable profit margin above 5% throughout the year.
Looking back over the last few years, the net profit margin has demonstrated variability, with peaks observed in the quarters ending June 30, 2022, and September 30, 2019, at 11.51% and 11.98% respectively. Conversely, the lowest net profit margin was recorded in the quarter ending March 31, 2020, at 6.25%.
Overall, while the net profit margin of L3Harris Technologies Inc has experienced fluctuations, it has generally remained within a range of 5% to 12% over the past two years. It is essential for the company to continue monitoring and managing its profitability to ensure sustainable financial performance in the future.
Peer comparison
Sep 30, 2024