Raytheon Technologies Corp (RTX)

Gross profit margin

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 62,736,000 61,004,000 64,574,000 62,854,000 61,343,000 60,133,000 59,436,000 58,883,000 58,526,000 45,214,000 32,123,000 19,626,000 8,531,000 8,956,000 10,077,000 11,005,000 10,751,000 12,470,000 13,580,000 15,088,000
Revenue (ttm) US$ in thousands 68,920,000 67,086,000 70,573,000 68,572,000 67,074,000 66,025,000 65,287,000 64,853,000 64,388,000 63,763,000 62,297,000 60,478,000 56,587,000 51,862,000 48,488,000 45,756,000 45,349,000 51,699,000 56,836,000 62,212,000
Gross profit margin 91.03% 90.93% 91.50% 91.66% 91.46% 91.08% 91.04% 90.79% 90.90% 70.91% 51.56% 32.45% 15.08% 17.27% 20.78% 24.05% 23.71% 24.12% 23.89% 24.25%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $62,736,000K ÷ $68,920,000K
= 91.03%

RTX Corp's gross profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin stood at 17.54%, showing a slight increase from the previous quarter's 17.36%. However, it is noteworthy that the gross profit margins in Q4 2023 and Q3 2023 are comparatively lower than the figures reported in Q2 and Q1 2023, which were 20.43% and 20.53% respectively.

Looking further back, the gross profit margin in Q4 2022 was 20.38%, indicating a decline from the previous quarter's 20.49% in Q3 2022. The trend of decreasing gross profit margins continued into Q2 2022 and Q1 2022, with figures of 20.17% and 19.94% respectively.

Overall, RTX Corp's gross profit margin has displayed variability in recent quarters. Investors may want to further investigate the factors contributing to these fluctuations to assess the company's operational efficiency and profitability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Raytheon Technologies Corp
RTX
91.03%
Honeywell International Inc
HON
21.18%

See also:

Raytheon Technologies Corp Gross Profit Margin (Quarterly Data)