Raytheon Technologies Corp (RTX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 91.03% | 90.93% | 91.50% | 91.66% | 91.46% | 91.08% | 91.04% | 90.79% | 90.90% | 70.91% | 51.56% | 32.45% | 15.08% | 17.27% | 20.78% | 24.05% | 23.71% | 24.12% | 23.89% | 24.25% |
| 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% |
| Pretax margin | 5.20% | 5.06% | 9.12% | 9.28% | 8.70% | 7.75% | 7.42% | 7.33% | 7.22% | 6.00% | 4.57% | -3.97% | -5.20% | -3.47% | -1.58% | 10.96% | 13.68% | 10.16% | 9.60% | 10.11% |
| Net profit margin | 4.64% | 4.76% | 7.88% | 8.08% | 7.75% | 6.76% | 6.84% | 6.47% | 6.00% | 5.20% | 3.51% | -4.44% | -6.22% | -4.84% | -3.36% | 8.98% | 12.21% | 9.83% | 9.10% | 8.55% |
RTX Corp's profitability ratios have shown some fluctuations over the past eight quarters. The gross profit margin has ranged from 17.36% to 20.53%, with a downward trend in recent quarters, indicating potential issues with cost management or pricing strategies affecting the company's ability to generate profits from its core operations.
Similarly, the operating profit margin has fluctuated between 4.58% and 8.47%, with Q3 and Q4 of 2023 showing a slight improvement compared to the previous quarters. This suggests that the company has been able to control its operating expenses better in the latest periods.
The pretax margin, which reflects the company's efficiency in managing its operating expenses and tax burden, has shown variability between 5.49% and 9.58%. The recent trend indicates an improvement in profitability before considering taxes, potentially reflecting operational enhancements or adjustments in the tax structure.
Lastly, the net profit margin, which measures the company's bottom line profitability after all expenses have been deducted, has ranged from 4.64% to 8.08%. The net profit margin has shown improvement in Q4 2023 compared to the previous quarter, indicating an increase in profitability at the net income level.
Overall, RTX Corp's profitability ratios demonstrate a mixed performance, with some areas of strength but also room for improvement in enhancing overall profitability and efficiency. Management should continue to monitor and address the factors contributing to these fluctuations to ensure sustainable and consistent profitability in the future.
Return on investment
| 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 return on assets (Operating ROA) | 2.16% | 1.92% | 3.72% | 3.67% | 3.37% | 3.33% | 3.20% | 3.15% | 3.07% | 2.38% | 1.81% | -1.35% | -1.16% | -0.66% | -0.05% | 3.63% | 3.52% | 0.14% | 0.43% | 1.52% |
| Return on assets (ROA) | 1.97% | 1.96% | 3.43% | 3.43% | 3.27% | 2.82% | 2.81% | 2.63% | 2.39% | 2.09% | 1.37% | -1.67% | -2.17% | -1.55% | -1.01% | 2.94% | 3.97% | 3.65% | 3.72% | 3.87% |
| Return on total capital | 8.51% | 6.80% | 10.65% | 10.49% | 9.79% | 9.05% | 8.69% | 8.34% | 8.17% | 7.32% | 5.95% | -1.43% | -2.19% | -0.54% | 1.07% | 16.54% | 18.68% | 16.67% | 16.70% | 18.94% |
| Return on equity (ROE) | 5.34% | 4.59% | 7.67% | 7.61% | 7.16% | 6.36% | 6.34% | 5.79% | 5.29% | 4.65% | 3.07% | -3.74% | -4.88% | -3.67% | -2.42% | 10.42% | 13.25% | 12.55% | 12.69% | 13.38% |
RTX Corp's profitability ratios have shown fluctuating performance over the past eight quarters. The operating return on assets (Operating ROA) has ranged from 1.89% to 3.64%, with a recent increase to 2.15% in Q4 2023, indicating the company's ability to generate profits from its assets. The Return on assets (ROA) has shown a similar trend, varying from 1.96% to 3.43%, with a recent figure of 1.97% in Q4 2023, reflecting the overall effectiveness of the company in generating profits relative to its total assets.
The Return on total capital has fluctuated between 2.93% and 5.47%, with a recent figure of 3.35% in Q4 2023, suggesting that RTX Corp has been efficient in generating returns from its total invested capital. Furthermore, the Return on equity (ROE) has ranged from 4.59% to 7.67%, with a recent increase to 5.34% in Q4 2023, indicating the company's ability to generate returns for its shareholders.
Overall, while RTX Corp's profitability ratios have shown some variability, the company has demonstrated consistent profitability and efficiency in utilizing its assets and capital to generate returns for both investors and stakeholders.
See also:
Raytheon Technologies Corp Profitability Ratios (Quarterly Data)