Raytheon Technologies Corp (RTX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,491,000 | 3,115,000 | 6,031,000 | 5,926,000 | 5,354,000 | 5,273,000 | 5,096,000 | 5,025,000 | 4,958,000 | 3,780,000 | 2,871,000 | -2,171,000 | -1,889,000 | -1,075,000 | -79,000 | 5,067,000 | 4,914,000 | 193,000 | 601,000 | 2,091,000 |
| 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 |
| Operating profit margin | 5.07% | 4.64% | 8.55% | 8.64% | 7.98% | 7.99% | 7.81% | 7.75% | 7.70% | 5.93% | 4.61% | -3.59% | -3.34% | -2.07% | -0.16% | 11.07% | 10.84% | 0.37% | 1.06% | 3.36% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,491,000K ÷ $68,920,000K
= 5.07%
The operating profit margin for RTX Corp fluctuated over the past eight quarters, ranging from a low of 4.58% in Q3 2023 to a high of 8.47% in Q1 2023. The company's performance in Q2 and Q3 of 2023 improved compared to the previous quarters, with operating profit margins of 8.36% and 5.04% respectively. However, this improvement was followed by a slight decline in Q4 2023, where the operating profit margin dropped to 5.04%.
Overall, the operating profit margin for RTX Corp has displayed some variability but generally remained within a moderate range between 4.58% and 8.47% over the past two years. This indicates that the company has been able to maintain a reasonable level of profitability in relation to its revenues, though fluctuations in operating expenses and revenue performance may have influenced these variations.
Peer comparison
Dec 31, 2023
See also:
Raytheon Technologies Corp Operating Profit Margin (Quarterly Data)