Raytheon Technologies Corp (RTX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,561,000 | 5,504,000 | 4,958,000 | -1,889,000 | 4,914,000 |
| Revenue | US$ in thousands | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 | 45,349,000 |
| Operating profit margin | 5.17% | 8.21% | 7.70% | -3.34% | 10.84% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,561,000K ÷ $68,920,000K
= 5.17%
The operating profit margin of RTX Corp has shown some variability over the past five years. The margin decreased from 10.96% in 2019 to 0.72% in 2020, indicating a significant decline. However, there was a notable improvement in 2021 where the operating profit margin increased to 7.04%. Subsequently, in 2022, the margin further improved to 7.89%. However, in 2023, there was a decrease in the operating profit margin to 5.04%.
Overall, the trend in the operating profit margin of RTX Corp appears to be fluctuating, with periods of both growth and decline. It is important for the company to closely monitor and manage its operating expenses and revenue generation to sustain and potentially improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023