Raytheon Technologies Corp (RTX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 62,806,000 | 61,343,000 | 58,526,000 | 8,531,000 | 10,751,000 |
| Revenue | US$ in thousands | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 | 45,349,000 |
| Gross profit margin | 91.13% | 91.46% | 90.90% | 15.08% | 23.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $62,806,000K ÷ $68,920,000K
= 91.13%
RTX Corp's gross profit margin has shown some variability over the past five years. In 2023, the gross profit margin decreased to 17.54% from the previous year's 20.38%, indicating a decline in the company's ability to generate profits from its core operations. Despite this decline, RTX Corp's gross profit margin in 2023 remained higher than the levels seen in 2020 and 2019. The fluctuation in gross profit margin suggests potential changes in the company's pricing strategy, cost structure, or efficiency in managing production costs. Further analysis of RTX Corp's income and expenses would be needed to understand the underlying factors driving these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2023