Textron Inc (TXT)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 921,000 | 949,000 | 905,000 | 859,000 | 861,000 | 842,000 | 802,000 | 768,000 | 746,000 | 775,000 | 705,000 | 430,000 | 309,000 | 272,000 | 377,000 | 686,000 | 815,000 | 862,000 | 1,205,000 | 1,212,000 |
| 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 |
| Net profit margin | 6.73% | 7.07% | 6.88% | 6.66% | 6.69% | 6.71% | 6.43% | 6.14% | 6.02% | 6.09% | 5.65% | 3.66% | 2.65% | 2.26% | 3.01% | 5.16% | 5.98% | 6.46% | 9.07% | 8.79% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $921,000K ÷ $13,683,000K
= 6.73%
The net profit margin of Textron Inc has displayed fluctuations over the past few quarters. It ranged from a low of 2.26% in June 2020 to a high of 9.07% in March 2019. In the most recent quarter, ending December 31, 2023, the net profit margin was 6.73%.
The trend over the recent quarters indicates a general stability in the net profit margin, with slight variations. The company has managed to maintain a relatively consistent level of profitability despite changes in economic conditions.
It's worth noting that the net profit margin is a key indicator of a company's profitability and efficiency in managing its expenses relative to its revenue. A higher net profit margin suggests that the company is more effective in converting revenue into profit. In contrast, a lower net profit margin could indicate challenges in controlling costs or generating sufficient revenue.
Overall, Textron Inc's net profit margin reflects a reasonable level of profitability, with the company demonstrating an ability to generate profits relative to its revenue, albeit with some variability in recent quarters.
Peer comparison
Dec 31, 2023