Textron Inc (TXT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2,028,000 | -1,821,000 | -2,114,000 | -2,460,000 | -13,430,000 |
| Revenue | US$ in thousands | 13,683,000 | 12,869,000 | 12,382,000 | 11,651,000 | 13,630,000 |
| Operating profit margin | -14.82% | -14.15% | -17.07% | -21.11% | -98.53% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-2,028,000K ÷ $13,683,000K
= -14.82%
The operating profit margin of Textron Inc has exhibited a fluctuating trend over the past five years. In 2019, the company experienced a significant decline in its operating profit margin, reaching a low of -98.53%. However, since then, Textron Inc has shown some improvement in its operating profitability, with the margin increasing to -21.11% in 2020, then further improving to -17.07% in 2021, and -14.15% in 2022.
Despite the positive momentum in recent years, the operating profit margin of Textron Inc decreased slightly to -14.82% in 2023. It is important for the company to continue monitoring and enhancing its operational efficiency and cost management to sustainably increase its operating profit margin in the future.
Peer comparison
Dec 31, 2023