Textron Inc (TXT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -1,516,000 | -1,308,000 | -1,270,000 | -1,315,000 | -1,821,000 | -1,830,000 | -1,930,000 | -2,066,000 | -2,114,000 | 4,934,000 | 7,977,000 | 10,765,000 | 13,908,000 | 11,964,000 | 9,259,000 | 6,872,000 | 4,042,000 | 3,681,000 | 4,301,000 | 4,554,000 |
| 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 |
| Operating profit margin | -11.08% | -9.74% | -9.65% | -10.20% | -14.15% | -14.58% | -15.48% | -16.52% | -17.07% | 38.77% | 63.96% | 91.59% | 119.37% | 99.54% | 73.82% | 51.68% | 29.66% | 27.58% | 32.37% | 33.04% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-1,516,000K ÷ $13,683,000K
= -11.08%
The operating profit margin of Textron Inc has fluctuated over the periods provided, displaying both negative and positive values. The trend indicates a decline from the high levels seen in the first quarter of 2021 to negative margins in recent quarters, reflecting challenges in generating profits from its core operations. The company experienced a significant downturn in profitability, with margins dipping to as low as -17.07% in the most recent quarter, which suggests inefficiencies in cost management or declining revenues relative to operating expenses. It is important for Textron Inc to closely monitor and address the factors contributing to the negative operating profit margins to improve financial performance and sustainability in the long term.
Peer comparison
Dec 31, 2023