Textron Inc (TXT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,866,000 | -2,115,000 | -2,059,000 | -2,028,000 | -1,820,000 | -1,782,000 | -1,827,000 | -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 |
| 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 |
| Operating profit margin | -20.37% | -15.33% | -14.93% | -14.82% | -13.55% | -13.54% | -14.17% | -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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-2,866,000K ÷ $14,067,000K
= -20.37%
Textron Inc's operating profit margin has shown a declining trend from December 31, 2019, to December 31, 2024. The operating profit margin started at a healthy 29.66% in December 2019 but steadily increased to reach a peak of 119.37% by the end of December 2020.
However, the operating profit margin began to decline significantly after this peak, dropping to a negative margin by December 31, 2021. This negative trend continued through the following quarters, with the operating profit margin hovering around -14% to -20% from March 2022 to December 2024.
The declining operating profit margins suggest that Textron Inc's operational efficiency and profitability have weakened over this period. It is important for the company to analyze the factors contributing to this trend and implement strategies to improve its operating performance in order to enhance profitability and financial stability.
Peer comparison
Dec 31, 2024