L3Harris Technologies Inc (LHX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,503,000 | 1,487,000 | 1,411,000 | 1,426,000 | 5,903,000 | 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 |
| 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 |
| Operating profit margin | 7.29% | 7.40% | 7.21% | 7.54% | 32.37% | 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% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,503,000K ÷ $20,623,000K
= 7.29%
The operating profit margin of L3Harris Technologies Inc has shown notable fluctuations over the periods provided. In the most recent quarter, ending September 30, 2024, the operating profit margin was 7.29%. This indicates that for every dollar of sales, the company retained $0.0729 as operating profit.
There was a general downward trend from the unusually high 32.37% operating profit margin achieved in the quarter ending September 30, 2023, to the low of -3.38% in the quarter ending December 31, 2020. This signified that the company faced challenges in managing operating expenses relative to its revenue during this period.
The improvement in operating profit margins from negative territory to positive figures in recent quarters reflects efforts to enhance operational efficiency and cost management. However, it is essential for investors and stakeholders to closely monitor these margins to ensure sustained profitability and continued financial health in the future.
Peer comparison
Sep 30, 2024