L3Harris Technologies Inc (LHX)

Operating profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 1,918,000 1,426,000 2,372,000 2,565,000 2,394,000
Revenue US$ in thousands 21,325,000 19,419,000 17,062,000 17,814,000 18,194,000
Operating profit margin 8.99% 7.34% 13.90% 14.40% 13.16%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,918,000K ÷ $21,325,000K
= 8.99%

The operating profit margin of L3Harris Technologies Inc has displayed varying trends over the past five years. In December 2020, the operating profit margin stood at 13.16%, which increased to 14.40% by December 2021, reflecting improved operational efficiency. However, by December 2022, the operating profit margin declined slightly to 13.90%.

Significantly, in December 2023, there was a notable decrease in the operating profit margin to 7.34%, indicating potential challenges or pressures on the company's profitability during that period. Nonetheless, L3Harris Technologies Inc managed to improve its operating profit margin to 8.99% by December 2024.

The fluctuations in the operating profit margin suggest that L3Harris Technologies Inc has experienced some volatility in its operational performance and profitability over the years, possibly influenced by various internal and external factors affecting the company's financial results.