Raytheon Technologies Corp (RTX)
Gross profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 74,250,000 | 72,804,000 | 66,251,000 | 64,756,000 | 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 |
| Revenue (ttm) | US$ in thousands | 80,738,000 | 79,042,000 | 72,417,000 | 71,011,000 | 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 |
| Gross profit margin | 91.96% | 92.11% | 91.49% | 91.19% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $74,250,000K ÷ $80,738,000K
= 91.96%
Raytheon Technologies Corp's gross profit margin has shown fluctuations over the past few years. It stood at 24.05% as of March 31, 2020, then declined to 15.08% by December 31, 2020. However, there was a significant recovery following this period, with the margin increasing to 90.90% by December 31, 2021. The trend continued to improve, reaching 91.96% by December 31, 2024.
The company's gross profit margin experienced notable volatility in the initial years of the analysis but has demonstrated an overall upward trajectory in recent periods. This improvement suggests that Raytheon Technologies Corp has been able to effectively manage its cost of goods sold and enhance its pricing strategies to increase profitability. A rising gross profit margin indicates that the company is generating more profit from its core business activities relative to its production costs.
Peer comparison
Dec 31, 2024
See also:
Raytheon Technologies Corp Gross Profit Margin (Quarterly Data)