Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Profitability Ratios (Summary)
GE Aerospace, profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Gross Profit Margin
- The gross profit margin shows a generally positive trend over the period. Starting from 17.26% in the first quarter of 2021, it increased steadily to 24.97% by the fourth quarter of 2020 and maintained levels around the mid-20% range through 2022 and 2023. Notably, there is a dip to approximately 21.95% in the first quarter of 2024, followed by a strong recovery, reaching its highest point of 31.87% by the first quarter of 2025. This indicates an overall improvement in efficiency and cost management over the timeframe.
- Operating Profit Margin
- The operating profit margin also demonstrates an overall upward trajectory. From 5.49% in the first quarter of 2021, the margin fluctuated but mostly increased, reaching a significant peak of 25.46% by the first quarter of 2025. The margin showed some volatility, with dips around the mid-2022 period, but the recovery was strong and sustained. This suggests enhanced operational effectiveness and better control over operating expenses.
- Net Profit Margin
- The net profit margin exhibits considerable volatility in the early reported quarters. It began at 7.81% in the first quarter of 2021, then sharply declined into negative territory from mid-2021 through 2022, with the lowest points around -9.17%. However, from the end of 2022 onwards, there is a marked improvement, culminating in an increase to 19.41% by the first quarter of 2025. This recovery reflects improved bottom-line profitability, likely driven by operational improvements and possibly favorable external conditions.
- Return on Equity (ROE)
- ROE illustrates a trend consistent with the net profit margin, with weak performance and negative returns during 2021 and 2022. Starting at 16.04% in early 2021, it fell significantly to negative figures throughout much of 2021 and 2022, including a notable low of -18.56%. Beginning in early 2023, ROE rebounded impressively, reaching up to 36.34% by the first quarter of 2025. The increasing ROE indicates effective use of shareholders' equity and profitability recovering substantially over the timeframe.
- Return on Assets (ROA)
- ROA mirrors the dynamics observed in ROE, showcasing weak asset profitability through the 2021-2022 period with values entering negative figures, the lowest being -3.28%. A gradual recovery starts from the end of 2022, with ROA moving into positive territory and trending upward steadily. By the first quarter of 2025, ROA reaches 5.64%, suggesting improved asset utilization and efficiency in generating earnings from the company's asset base.
Return on Sales
Return on Investment
Gross Profit Margin
GE Aerospace, gross profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit from sales | ||||||||||||||||||||||||||||
| Sales of equipment and services | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Gross profit margin = 100
× (Gross profit from salesQ1 2025
+ Gross profit from salesQ4 2024
+ Gross profit from salesQ3 2024
+ Gross profit from salesQ2 2024)
÷ (Sales of equipment and servicesQ1 2025
+ Sales of equipment and servicesQ4 2024
+ Sales of equipment and servicesQ3 2024
+ Sales of equipment and servicesQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals several notable trends concerning the gross profit from sales, sales of equipment and services, and the gross profit margin over the given quarterly periods.
- Gross Profit from Sales
- The gross profit exhibits significant fluctuations over the reported quarters. Initially, there is a marked decline from a high value early in the period to a lower value mid-2020. Following this, a general upward trend is observed throughout 2021 and into early 2022, with some volatility. However, from mid-2023, a declining pattern appears, with values decreasing towards the end of the dataset. This indicates periods of both recovery and contraction in gross profitability over time.
- Sales of Equipment and Services
- Sales volumes demonstrate variability with alternating phases of increase and decline. Early in the timeline, sales start at a high point, dip in mid-2020, and then gradually increase through 2021 and early 2022. However, there is a notable sharp drop in sales reported starting from March 2024, where figures significantly decline compared to previous quarters. This decrease suggests reduced market demand or operational challenges affecting sales during the latest periods.
- Gross Profit Margin (%)
- The gross profit margin reveals an improving trend over the analyzed timeline. Starting from a lower percentage in the earlier periods, the margin progressively increases with minor fluctuations, reaching its peak near the end of the dataset. This trend indicates enhanced profitability efficiency despite the fluctuations experienced in gross profit and sales revenue, suggesting better cost management or pricing strategies in later periods.
Overall, the data points to a complex financial performance with periods of recovery and growth interspersed with phases of decline, particularly notable in the sales volumes in recent quarters. The steady improvement of the gross profit margin throughout the period reflects an encouraging development in operational effectiveness despite these fluctuations.
Operating Profit Margin
GE Aerospace, operating profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating income (loss) | ||||||||||||||||||||||||||||
| Sales of equipment and services | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024
+ Operating income (loss)Q2 2024)
÷ (Sales of equipment and servicesQ1 2025
+ Sales of equipment and servicesQ4 2024
+ Sales of equipment and servicesQ3 2024
+ Sales of equipment and servicesQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The operating income (loss) exhibits considerable volatility throughout the observed periods. Initial quarters in 2020 show a notable loss of $-412 million in the second quarter, yet followed by a recovery and growth peaking at $2,653 million in the first quarter of 2025. This indicates periods of financial stress in early 2020, likely linked to external factors, followed by a steady and significant improvement in profitability over subsequent years.
Sales of equipment and services demonstrate a general pattern of fluctuation without a clear continuous growth trend. Starting at $18,814 million in the first quarter of 2020, the figures decline sharply in mid-2020 and show some recovery and moderate growth until the end of 2022. Afterward, sales decline notably in early 2023 but partially recover by the first quarter of 2025, suggesting potential market or operational challenges impacting revenue generation during 2023 and 2024.
The operating profit margin shows gradual improvement over the course of the period analyzed. From a low point around mid-2020, there is a consistent upward trend in margins from approximately 5.49% to a high of 25.46% in the first quarter of 2025. This trend reflects not only increasing profitability but also greater operational efficiency and cost management, as the company manages to convert a higher percentage of sales into operating income despite fluctuating sales volumes.
- Operating Income (Loss)
- Highly variable initially, with a significant loss in mid-2020 followed by a trend of continuous recovery and strong growth through early 2025.
- Sales of Equipment and Services
- Exhibit fluctuation with a decline in mid-2020, partial recovery by the end of 2022, and renewed volatility and decline in 2023 before a moderate rebound in 2024 and early 2025.
- Operating Profit Margin
- Shows a steady improvement from about 5.49% in late 2020 to over 25% by early 2025, indicating enhanced profitability and operational leverage.
Net Profit Margin
GE Aerospace, net profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to the Company | ||||||||||||||||||||||||||||
| Sales of equipment and services | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to the CompanyQ1 2025
+ Net income (loss) attributable to the CompanyQ4 2024
+ Net income (loss) attributable to the CompanyQ3 2024
+ Net income (loss) attributable to the CompanyQ2 2024)
÷ (Sales of equipment and servicesQ1 2025
+ Sales of equipment and servicesQ4 2024
+ Sales of equipment and servicesQ3 2024
+ Sales of equipment and servicesQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals several notable trends over the analyzed quarters for the company.
- Net Income (Loss) Attributable to the Company (US$ in millions)
- The net income figures display significant volatility throughout the periods. Starting from a positive value of 6,199 million in March 2020, there is a sharp decline with negative results in the subsequent quarters, reaching a low of -3,844 million by December 2021. This loss phase extends approximately until late 2022, indicating a challenging financial environment. However, from December 2022 onwards, the company experiences a recovery trend with a mixture of positive values peaking at 7,506 million in March 2023. Although there are fluctuations, the latter quarters show consistent profitability with net income figures above 1,000 million, culminating in approximately 1,978 million by March 2025.
- Sales of Equipment and Services (US$ in millions)
- Sales figures also show considerable fluctuations. Sales start relatively strong with about 18,814 million in March 2020 but show a downward trend through 2021, bottoming at 13,694 million in March 2023. This period aligns with the net income declines, suggesting a possible correlation between lower sales and reduced profitability. After March 2023, sales begin to recover, increasing steadily to around 18,516 million by December 2024. However, in the last two periods ending March 2025, sales drop again to approximately 9,000 million, indicating some instability or seasonality in sales performance towards the end of the observed timeline.
- Net Profit Margin (%)
- The net profit margin data is sparse for the early periods but shows meaningful values starting from December 2020. The margin exhibits a negative trend throughout much of 2021 and 2022, dropping to a low of -9.17% in December 2021 and remaining in the negative range until late 2022. Positive margins begin to materialize in December 2022 (0.31%) and improve significantly through 2023 and into 2025, reaching a high of 19.41% in March 2025. This upward trend in profit margin reflects the recovery in profitability observed in the net income data and may suggest improvements in operational efficiency or cost management alongside sales recovery.
In summary, the company experienced a period of financial distress marked by losses and declining sales from mid-2020 to early 2023. Starting late 2022 and continuing through 2025, there is a clear recovery phase characterized by rising net income, improving sales, and increasing net profit margins. Despite positive improvements, the sales figures demonstrate some inconsistency in late periods, which may warrant further analysis to understand underlying causes such as market conditions or internal strategic changes.
Return on Equity (ROE)
GE Aerospace, ROE calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to the Company | ||||||||||||||||||||||||||||
| Shareholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROE = 100
× (Net income (loss) attributable to the CompanyQ1 2025
+ Net income (loss) attributable to the CompanyQ4 2024
+ Net income (loss) attributable to the CompanyQ3 2024
+ Net income (loss) attributable to the CompanyQ2 2024)
÷ Shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income (Loss) Trends
- The net income attributable to the company exhibited significant volatility across the periods. Starting at a positive value of 6199 million US$ in March 2020, it dropped into negative territory in the following quarters, hitting lows such as -2802 million US$ in March 2021 and -3844 million US$ in December 2021. Recovery trends are evident from late 2022 onward, with positive earnings reemerging and increasing steadily, reaching 1978 million US$ by March 2025. This pattern indicates a period of financial strain followed by gradual improvement and stabilization.
- Shareholders' Equity Development
- Shareholders' equity showed a general downward trend over the observed period. Beginning at 35284 million US$ in March 2020, it decreased to a low point around 18598 million US$ by September 2024, representing a significant reduction in equity base. There are intermittent fluctuations; however, the overall trajectory reflects a contraction in equity, possibly influenced by the reported losses in net income during earlier periods. The equity at March 2025 slightly recovers to 19251 million US$ but remains well below initial levels.
- Return on Equity (ROE) Patterns
- Return on equity (ROE) data, available from December 2020, demonstrates pronounced variability. Initial ROE values were positive at 16.04%, followed by persistent negative returns through most of 2021 and into 2022, with the lowest point at -18.56%. Starting in December 2022, ROE turned positive and increased substantially in 2023, peaking at 35.27% in September 2023. This upward trend in ROE continues through to March 2025, signaling improved profitability relative to shareholder equity.
- Integrated Financial Insights
- The financial data reflect a challenging period marked by significant losses and declining equity during 2020 and 2021, corresponding with negative ROE. Subsequently, a turnaround is evident, with net income improving, ROE becoming strongly positive, and equity stabilization occurring from late 2022 onward. These patterns suggest successful management responses or operational changes leading to enhanced profitability and financial health in the later periods analyzed.
Return on Assets (ROA)
GE Aerospace, ROA calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to the Company | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROA = 100
× (Net income (loss) attributable to the CompanyQ1 2025
+ Net income (loss) attributable to the CompanyQ4 2024
+ Net income (loss) attributable to the CompanyQ3 2024
+ Net income (loss) attributable to the CompanyQ2 2024)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income (Loss) Attributable to the Company
- The net income figures demonstrate significant volatility over the observed periods. In early 2020, the figure was notably positive at 6,199 million USD but quickly shifted to substantial losses in the subsequent quarters of 2020 and early 2021, including a sharp decline to -3,844 million USD by December 2021. Starting in early 2022, there is a marked recovery trend, with net income returning to positive values and showing consistent growth. By 2023 and into 2024, net income values stabilize and generally increase, reaching close to 1,900 million USD by the end of the data range.
- Total Assets
- Total assets exhibit a gradual decline from the beginning of the period in 2020 through to mid-2023, decreasing from 262,021 million USD to approximately 156,662 million USD. From mid-2023 onwards, asset levels fluctuate but remain within a narrower range around 120,000 to 165,000 million USD, indicating a period of consolidation or restructuring. The overall trend suggests a reduction in asset base, potentially reflecting asset sales, depreciation, or other balance sheet adjustments.
- Return on Assets (ROA)
- ROA figures, available intermittently, show a pattern that corresponds with the fluctuations in net income and total assets. During early 2021, ROA is negative, reflecting the losses reported in that period. This negative trend extends into late 2021 and early 2022, with ROA reaching lows of -3.28%. Beginning in 2022, ROA improves, turning slightly positive and increasing significantly through 2023 and 2024. The highest ROA recorded is approximately 6.45%, indicating an improvement in asset utilization and profitability efficiency over time.
- Overall Trends and Insights
- The company experienced pronounced financial challenges in 2020 and 2021, with substantial losses and asset base reduction. These difficulties are mirrored in negative returns on assets and shrinking asset totals. However, from 2022 onwards, financial performance improved steadily, as indicated by the continuous rise in net income and ROA. The asset base, while reduced compared to the start of the period, stabilizes, suggesting management initiatives toward optimizing asset use rather than further balance sheet contraction. The improving profitability ratios and net income figures imply a successful recovery phase, with enhanced operational efficiency and possibly favorable market conditions contributing to this turnaround.