Raytheon Technologies Corp (RTX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 74,250,000 | 62,806,000 | 61,343,000 | 58,526,000 | 8,531,000 |
| Revenue | US$ in thousands | 80,738,000 | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 |
| Gross profit margin | 91.96% | 91.13% | 91.46% | 90.90% | 15.08% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $74,250,000K ÷ $80,738,000K
= 91.96%
Based on the provided data, Raytheon Technologies Corp's gross profit margin has shown a significant improvement over the years. Starting at a relatively low level of 15.08% on December 31, 2020, the company experienced a substantial increase to 90.90% by December 31, 2021. This upward trend continued in the subsequent years, reaching 91.46% by December 31, 2022, 91.13% by December 31, 2023, and peaking at 91.96% by December 31, 2024.
These results indicate that Raytheon Technologies Corp has been effectively managing its cost of goods sold and increasing its gross profit relative to revenue. The significant improvement in gross profit margin signifies strong operational efficiency, pricing strategies, and potentially favorable changes in product mix or cost structure.
Overall, the consistent increase in gross profit margin reflects positively on Raytheon Technologies Corp's ability to generate profits from its core business operations and suggests a healthy financial performance trajectory.
Peer comparison
Dec 31, 2024