Raytheon Technologies Corp (RTX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,651,000 | 5,897,000 | 4,650,000 | -2,944,000 | 5,958,000 |
| Revenue | US$ in thousands | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 | 45,349,000 |
| Pretax margin | 5.30% | 8.79% | 7.22% | -5.20% | 13.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,651,000K ÷ $68,920,000K
= 5.30%
The pretax margin of RTX Corp has exhibited fluctuations over the past five years. In 2023, the pretax margin stands at 5.57%, showing a decrease from the previous year's 8.99%. This decline indicates a reduced ability of the company to generate profit before taxes relative to its revenue in 2023 compared to 2022. While the 2023 pretax margin is lower than in 2022, it remains positive, suggesting that the company is still able to generate some profit before accounting for taxes. However, the company's pretax margin in 2023 is below the levels seen in 2021 and 2019, showcasing a potential challenge in maintaining profitability in recent years. Overall, RTX Corp's pretax margin trend indicates a need for further analysis to understand the factors contributing to the fluctuations in profitability over the period.
Peer comparison
Dec 31, 2023