Stock Analysis on Net
Stock Analysis on Net

Raytheon Co. (NYSE:RTN)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 12, 2020.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Raytheon Co., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income1 ÷ Net sales1
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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

Operating Income
Operating income exhibits an overall upward trend from 2005 to 2019. It increased from 1,687 million USD in 2005 to 4,774 million USD in 2019. There are minor fluctuations observed, such as a decline in 2010 compared to 2009, but the general direction is progressive growth. Notably, a substantial increase occurred between 2018 and 2019.
Net Sales
Net sales show a somewhat fluctuating pattern in the earlier years, declining from 21,894 million USD in 2005 to a low point around 22,826 million USD in 2014. However, after 2014, net sales begin a steady growth period, reaching 29,176 million USD by 2019. The decline in net sales from 2005 through approximately 2014 is followed by a recovery and growth phase in the latter years.
Operating Profit Margin
The operating profit margin demonstrates a consistent upward trend over the entire period. Beginning at 7.71% in 2005, the margin rose steadily to reach a peak of 16.77% in 2018, slightly decreasing to 16.36% in 2019. This indicates improved operating efficiency and profitability relative to sales, especially pronounced in the years following 2014.
Summary of Relationships and Insights
Despite the initial volatility observed in net sales, operating income growth is relatively steady, suggesting improvements in cost control or product mix that support profitability. The consistent increase in operating profit margin further confirms enhanced operational efficiency. The sharp rise in operating income in the last two years, alongside net sales growth, points to a favorable market or internal improvements driving financial performance. The slight decline in margin in the final year calls for monitoring but does not significantly detract from the overall positive trend.

Comparison to Competitors

Raytheon Co., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Raytheon Co. Boeing Co. Caterpillar Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2019
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Dec 31, 2014
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Dec 31, 2010
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Dec 31, 2005

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).