Raytheon Technologies Corp (RTX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,774,000 | 3,195,000 | 5,197,000 | 3,864,000 | -3,519,000 |
| Revenue | US$ in thousands | 80,738,000 | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 |
| Net profit margin | 5.91% | 4.64% | 7.75% | 6.00% | -6.22% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,774,000K ÷ $80,738,000K
= 5.91%
The net profit margin of Raytheon Technologies Corp has displayed fluctuations over the past five years. It stood at -6.22% as of December 31, 2020, indicating a negative profit margin, suggesting that the company's expenses exceeded its revenue during that period. The margin improved significantly to 6.00% by December 31, 2021, signaling a turnaround in profitability as the company managed operating costs more effectively or experienced revenue growth.
By December 31, 2022, the net profit margin increased further to 7.75%, demonstrating a continued focus on improving operational efficiency or generating higher revenue relative to costs. However, by December 31, 2023, the net profit margin decreased to 4.64%, potentially indicating increased costs or a slowdown in revenue growth impacting profitability.
As of December 31, 2024, the net profit margin recovered slightly to 5.91%, suggesting ongoing efforts to maintain profitability in a potentially challenging business environment. Overall, the fluctuation in the net profit margin of Raytheon Technologies Corp over the years reflects varying degrees of effectiveness in managing costs, driving revenue growth, and ultimately impacting the company's bottom line.
Peer comparison
Dec 31, 2024