L3Harris Technologies Inc (LHX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,426,000 | 1,127,000 | 2,774,000 | 2,162,000 | 1,446,000 |
| Revenue | US$ in thousands | 18,876,000 | 16,777,000 | 17,769,000 | 17,913,000 | 6,632,000 |
| Operating profit margin | 7.55% | 6.72% | 15.61% | 12.07% | 21.80% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,426,000K ÷ $18,876,000K
= 7.55%
The operating profit margin of L3Harris Technologies Inc has shown fluctuations over the past five years. In 2019, the company achieved a robust operating profit margin of 21.80%, indicating strong operational efficiency at that time. However, in subsequent years, the operating profit margin experienced a downward trend, dropping to 12.07% in 2020 and further decreasing to 15.61% in 2021.
The year 2022 saw a slight improvement in the operating profit margin, reaching 6.72%. Notably, in the most recent year, by December 31, 2023, L3Harris Technologies Inc managed to enhance its operating profit margin to 7.55%. This signifies a moderate recovery compared to the previous year but remains below the levels seen in 2019 and 2021.
Overall, the analysis indicates some variability in L3Harris Technologies Inc's operating profit margin performance, suggesting a need for continued monitoring and potential operational adjustments to maintain or improve profitability levels in the future.
Peer comparison
Dec 31, 2023