Net Profit Margin
since 2005
Calculation
Raytheon Co., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Raytheon Company1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 11.46% | = | 100 | × | 3,343) | ÷ | 29,176) |
| Dec 31, 2018 | 10.75% | = | 100 | × | 2,909) | ÷ | 27,058) |
| Dec 31, 2017 | 7.98% | = | 100 | × | 2,024) | ÷ | 25,348) |
| Dec 31, 2016 | 9.19% | = | 100 | × | 2,211) | ÷ | 24,069) |
| Dec 31, 2015 | 8.92% | = | 100 | × | 2,074) | ÷ | 23,247) |
| Dec 31, 2014 | 9.83% | = | 100 | × | 2,244) | ÷ | 22,826) |
| Dec 31, 2013 | 8.42% | = | 100 | × | 1,996) | ÷ | 23,706) |
| Dec 31, 2012 | 7.73% | = | 100 | × | 1,888) | ÷ | 24,414) |
| Dec 31, 2011 | 7.51% | = | 100 | × | 1,866) | ÷ | 24,857) |
| Dec 31, 2010 | 7.31% | = | 100 | × | 1,840) | ÷ | 25,183) |
| Dec 31, 2009 | 7.78% | = | 100 | × | 1,935) | ÷ | 24,881) |
| Dec 31, 2008 | 7.21% | = | 100 | × | 1,672) | ÷ | 23,174) |
| Dec 31, 2007 | 12.10% | = | 100 | × | 2,578) | ÷ | 21,301) |
| Dec 31, 2006 | 6.32% | = | 100 | × | 1,283) | ÷ | 20,291) |
| Dec 31, 2005 | 3.98% | = | 100 | × | 871) | ÷ | 21,894) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Net Income Attributable to Raytheon Company
- The net income demonstrated an overall upward trend from 2005 through 2019. Beginning at $871 million in 2005, it experienced significant growth by 2007, reaching $2,578 million. Although there was a decline in 2008 and some fluctuations thereafter, net income mostly remained above the $1,800 million mark until 2014. From 2015 onward, the figure generally increased, culminating in a peak value of $3,343 million in 2019, indicating a sustained improvement in profitability over the long term.
- Net Sales
- Net sales showed moderate fluctuations during the observed period. Starting at $21,894 million in 2005, sales briefly decreased by 2006 but then fluctuated around the $24,000 million range for much of the subsequent years. From 2013 onward, a clear upward trajectory appears, with sales increasing steadily each year from $23,706 million in 2013 to $29,176 million in 2019. This suggests gradual revenue growth in the latter years despite some instability in earlier periods.
- Net Profit Margin
- The net profit margin reflected notable variability coupled with a general rising trend. Initially at 3.98% in 2005, it surged to a peak of 12.1% in 2007, indicating improved efficiency or profitability in that year. Afterwards, the margin declined but generally hovered between 7% and 9% for the majority of the years until 2017. From 2018 onward, the margin increased markedly again, reaching 11.46% in 2019. This improvement in net profit margin along with the increase in net income and sales highlights enhanced operational performance and profitability in recent years.
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Comparison to Competitors
Raytheon Co., net profit margin, long-term trends, comparison to competitors
| Raytheon Co. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 11.46% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 10.75% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 7.98% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 9.19% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 8.92% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 9.83% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 8.42% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 7.73% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 7.51% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 7.31% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 7.78% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 7.21% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 12.10% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 6.32% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 3.98% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Raytheon Co., net profit margin, long-term trends, comparison to sector (capital goods)
| Raytheon Co. | Capital Goods | |
|---|---|---|
| Dec 31, 2019 | 11.46% | 5.03% |
| Dec 31, 2018 | 10.75% | 2.99% |
| Dec 31, 2017 | 7.98% | 3.41% |
| Dec 31, 2016 | 9.19% | 7.61% |
| Dec 31, 2015 | 8.92% | 4.69% |
| Dec 31, 2014 | 9.83% | 9.51% |
| Dec 31, 2013 | 8.42% | 8.78% |
| Dec 31, 2012 | 7.73% | 8.73% |
| Dec 31, 2011 | 7.51% | 9.04% |
| Dec 31, 2010 | 7.31% | 7.93% |
| Dec 31, 2009 | 7.78% | 6.61% |
| Dec 31, 2008 | 7.21% | 9.45% |
| Dec 31, 2007 | 12.10% | 11.53% |
| Dec 31, 2006 | 6.32% | 10.82% |
| Dec 31, 2005 | 3.98% | 9.72% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Raytheon Co., net profit margin, long-term trends, comparison to industry (industrials)
| Raytheon Co. | Industrials | |
|---|---|---|
| Dec 31, 2019 | 11.46% | 4.11% |
| Dec 31, 2018 | 10.75% | 4.75% |
| Dec 31, 2017 | 7.98% | 5.79% |
| Dec 31, 2016 | 9.19% | 7.43% |
| Dec 31, 2015 | 8.92% | 6.48% |
| Dec 31, 2014 | 9.83% | 8.76% |
| Dec 31, 2013 | 8.42% | 8.23% |
| Dec 31, 2012 | 7.73% | 7.39% |
| Dec 31, 2011 | 7.51% | 8.26% |
| Dec 31, 2010 | 7.31% | 7.48% |
| Dec 31, 2009 | 7.78% | 5.76% |
| Dec 31, 2008 | 7.21% | 7.27% |
| Dec 31, 2007 | 12.10% | 9.56% |
| Dec 31, 2006 | 6.32% | 14.87% |
| Dec 31, 2005 | 3.98% | 3.55% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).