Textron Inc (TXT)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 12,868,000 | 12,640,000 | 12,623,000 | 12,529,000 | 12,379,000 | 12,152,000 | 11,893,000 | 11,871,000 | 11,548,000 | 11,423,000 | 11,404,000 | 11,269,000 | 18,603,000 | 18,591,000 | 18,092,000 | 18,248,000 | 11,964,000 | 9,514,000 | 7,419,000 | 4,896,000 |
| Revenue (ttm) | US$ in thousands | 14,067,000 | 13,797,000 | 13,794,000 | 13,683,000 | 13,427,000 | 13,162,000 | 12,892,000 | 12,869,000 | 12,555,000 | 12,467,000 | 12,504,000 | 12,382,000 | 12,727,000 | 12,472,000 | 11,753,000 | 11,651,000 | 12,019,000 | 12,543,000 | 13,298,000 | 13,630,000 |
| Gross profit margin | 91.48% | 91.61% | 91.51% | 91.57% | 92.19% | 92.33% | 92.25% | 92.24% | 91.98% | 91.63% | 91.20% | 91.01% | 146.17% | 149.06% | 153.94% | 156.62% | 99.54% | 75.85% | 55.79% | 35.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $12,868,000K ÷ $14,067,000K
= 91.48%
Textron Inc's gross profit margin has experienced fluctuations over the past years, as indicated by the provided data. The margin started at 35.92% on December 31, 2019, and showed a significant increase reaching 156.62% on December 31, 2020. This substantial increase may be attributed to various factors such as cost efficiencies, pricing strategies, or changes in the product mix.
Subsequently, the gross profit margin exhibited a declining trend over the following quarters, dropping to 91.01% on December 31, 2021. The margin then stabilized around the 90-92% range from March 2022 to December 2024, indicating a more consistent performance in maintaining gross profits relative to sales.
Overall, while there were fluctuations in Textron Inc's gross profit margin over the years, the company managed to maintain a relatively strong margin in the 90-92% range, showcasing its ability to effectively manage production costs and generate profits from its core business activities.
Peer comparison
Dec 31, 2024