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
See also:
Raytheon Technologies Corp Gross Profit Margin (Quarterly Data)