Textron Inc (TXT)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 10,244,000 | 10,094,000 | 9,867,000 | 9,608,000 | 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 | 1,506,000 | 1,734,000 | 2,065,000 |
| Revenue (ttm) | US$ in thousands | 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 | 13,345,000 | 13,286,000 | 13,785,000 |
| Gross profit margin | 74.87% | 75.18% | 74.97% | 74.53% | 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% | 11.29% | 13.05% | 14.98% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $10,244,000K ÷ $13,683,000K
= 74.87%
Textron Inc's gross profit margin has exhibited notable fluctuations over the past several quarters. The trend shows a substantial decline in the margin from the exceptional levels seen in the quarter ending March 2021, where it peaked at 156.62%. Since then, there has been a consistent decrease in the gross profit margin, reaching its lowest point in the recent quarter ending March 2020 at 11.29%.
The gross profit margin rebounded from the low point and has been gradually increasing in recent quarters, with the latest reported quarter ending December 2023 showing a margin of 74.87%. Despite the improvement, the current margin remains below the peak levels observed in the previous years.
Overall, the trend in Textron Inc's gross profit margin suggests volatility in the company's ability to maintain high levels of profitability from its core operations. Monitoring future developments in the gross profit margin will be essential to assess the company's ongoing profitability and operational efficiency.
Peer comparison
Dec 31, 2023