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

Company name
Symbol
Operating profit margin
Raytheon Technologies Corp
RTX
5.07%
Honeywell International Inc
HON
1.16%

See also:

Raytheon Technologies Corp Operating Profit Margin (Quarterly Data)