Raytheon Technologies Corp (RTX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,538,000 | 3,561,000 | 5,504,000 | 4,958,000 | -1,889,000 |
| Revenue | US$ in thousands | 80,738,000 | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 |
| Operating profit margin | 8.10% | 5.17% | 8.21% | 7.70% | -3.34% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $6,538,000K ÷ $80,738,000K
= 8.10%
To analyze Raytheon Technologies Corp's operating profit margin over the period from December 31, 2020, to December 31, 2024, we observe the following trend:
- As of December 31, 2020, the operating profit margin was -3.34%, indicating that the company's operating expenses exceeded its operating income, resulting in a negative margin.
- By December 31, 2021, the operating profit margin improved significantly to 7.70%, signaling a turnaround in the company's operational efficiency and profitability.
- The positive trend continued into December 31, 2022, with a further increase to 8.21%, demonstrating continued improvement in managing costs and generating earnings from core operations.
- However, by December 31, 2023, the operating profit margin experienced a slight decline to 5.17%, potentially due to various factors affecting the company's profitability during that period.
- Finally, by December 31, 2024, the operating profit margin recovered to 8.10%, showing resilience and a return to a higher level of profitability.
Overall, the fluctuation in Raytheon Technologies Corp's operating profit margin over the analyzed period highlights the importance of monitoring and managing operational efficiency and costs to sustain and enhance profitability in the competitive market environment.
Peer comparison
Dec 31, 2024