L3Harris Technologies Inc (LHX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,010,000 | 3,934,000 | 3,949,000 | 4,500,000 | 3,350,000 | 2,277,000 | 1,217,000 | 829,000 | 2,515,000 | 2,446,000 | 2,444,000 | 1,323,000 | 651,000 | 2,000 | -606,000 | -3,688,000 | -1,745,000 | -152,000 | 1,316,000 | 1,450,000 |
| 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 |
| Operating profit margin | 19.96% | 20.10% | 20.89% | 24.68% | 18.97% | 13.30% | 7.25% | 5.00% | 15.15% | 14.12% | 13.75% | 7.34% | 3.57% | 0.01% | -3.38% | -20.56% | -11.36% | -1.20% | 13.53% | 21.86% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,010,000K ÷ $20,087,000K
= 19.96%
The operating profit margin of L3Harris Technologies Inc has shown fluctuations over the past few quarters. It reached a peak of 24.68% in September 2023 but then declined in the subsequent quarters. The margin improved in the most recent quarter ending June 30, 2024, at 19.96%. Overall, the trend indicates some volatility in the operating profit margin, with variability in the company's ability to generate profits from its core operations. Taking a longer-term perspective, there has been an improvement in the margin compared to the negative figures reported at the end of 2020 and the beginning of 2021. This suggests that the company has made some strategic adjustments to enhance operational efficiency and profitability. However, stakeholders should continue to monitor the operating profit margin closely to assess the company's ongoing financial performance and management effectiveness.
Peer comparison
Jun 30, 2024