Textron Inc (TXT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 12,529,000 | 11,871,000 | 11,269,000 | 10,596,000 | 1,121,000 |
| Revenue | US$ in thousands | 13,683,000 | 12,869,000 | 12,382,000 | 11,651,000 | 13,630,000 |
| Gross profit margin | 91.57% | 92.24% | 91.01% | 90.94% | 8.22% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $12,529,000K ÷ $13,683,000K
= 91.57%
The gross profit margin of Textron Inc has exhibited a consistent upward trend over the past five years, reaching a high of 92.24% in December 2022 before slightly decreasing to 91.57% in December 2023. This positive trend indicates that the company has been effectively managing its production costs and generating strong revenues relative to the cost of goods sold. The significant improvement from a low of 8.22% in December 2019 reflects substantial operational enhancements and strategic adjustments implemented by the company. Overall, Textron Inc's gross profit margin performance demonstrates a competitive ability to maintain healthy profitability levels in its operations.
Peer comparison
Dec 31, 2023