Stock Analysis on Net

Raytheon Co. (NYSE:RTN)

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

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Raytheon Co., profitability ratios (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Return on Sales
Gross profit margin 26.61% 26.90% 27.48% 27.62% 27.66% 26.92% 26.15% 25.52% 24.74% 25.17% 25.13% 25.63% 25.44% 25.08% 24.73% 23.53% 24.40%
Operating profit margin 16.36% 16.41% 16.70% 16.75% 16.77% 15.84% 14.90% 14.12% 13.09% 13.35% 13.27% 13.86% 13.46% 13.27% 12.95% 11.74% 12.96%
Net profit margin 11.46% 11.47% 10.96% 11.11% 10.75% 9.33% 9.24% 8.40% 7.98% 8.77% 8.68% 9.41% 9.19% 9.26% 9.02% 8.23% 8.92%
Return on Investment
Return on equity (ROE) 27.35% 25.34% 25.19% 26.11% 25.36% 21.84% 22.61% 21.01% 20.32% 20.03% 19.71% 22.03% 21.97% 21.38% 20.90% 19.28% 20.48%
Return on assets (ROA) 9.67% 10.03% 9.26% 9.68% 9.13% 8.20% 7.80% 7.05% 6.56% 7.18% 7.05% 7.66% 7.36% 7.60% 7.41% 6.77% 7.08%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Raytheon Co. gross profit margin ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Raytheon Co. operating profit margin ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Raytheon Co. net profit margin ratio improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Raytheon Co. ROE improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
ROA A profitability ratio calculated as net income divided by total assets. Raytheon Co. ROA improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.

Gross Profit Margin

Raytheon Co., gross profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Gross margin 2,010 1,947 1,954 1,852 1,967 1,935 1,848 1,735 1,612 1,594 1,596 1,470 1,583 1,521 1,655 1,363 1,520 1,375 1,323 1,455
Net sales 7,842 7,446 7,159 6,729 7,360 6,806 6,625 6,267 6,783 6,284 6,281 6,000 6,238 6,033 6,035 5,763 6,328 5,783 5,848 5,288
Profitability Ratio
Gross profit margin1 26.61% 26.90% 27.48% 27.62% 27.66% 26.92% 26.15% 25.52% 24.74% 25.17% 25.13% 25.63% 25.44% 25.08% 24.73% 23.53% 24.40%
Benchmarks
Gross Profit Margin, Competitors2
Boeing Co. 5.83%
Caterpillar Inc. 27.83%
Cummins Inc. 25.37%
Eaton Corp. plc 32.97%
General Electric Co. 19.96%
Honeywell International Inc. 33.70%
Lockheed Martin Corp. 13.99%
RTX Corp. 25.93%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

1 Q4 2019 Calculation
Gross profit margin = 100 × (Gross marginQ4 2019 + Gross marginQ3 2019 + Gross marginQ2 2019 + Gross marginQ1 2019) ÷ (Net salesQ4 2019 + Net salesQ3 2019 + Net salesQ2 2019 + Net salesQ1 2019)
= 100 × (2,010 + 1,947 + 1,954 + 1,852) ÷ (7,842 + 7,446 + 7,159 + 6,729) = 26.61%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Raytheon Co. gross profit margin ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Operating Profit Margin

Raytheon Co., operating profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Operating income 1,279 1,206 1,176 1,113 1,214 1,183 1,100 1,041 870 858 849 741 862 806 960 612 828 697 648 840
Net sales 7,842 7,446 7,159 6,729 7,360 6,806 6,625 6,267 6,783 6,284 6,281 6,000 6,238 6,033 6,035 5,763 6,328 5,783 5,848 5,288
Profitability Ratio
Operating profit margin1 16.36% 16.41% 16.70% 16.75% 16.77% 15.84% 14.90% 14.12% 13.09% 13.35% 13.27% 13.86% 13.46% 13.27% 12.95% 11.74% 12.96%
Benchmarks
Operating Profit Margin, Competitors2
Boeing Co. -2.58%
Caterpillar Inc. 16.33%
Cummins Inc. 11.45%
Eaton Corp. plc 13.38%
General Electric Co. 12.85%
Honeywell International Inc. 18.66%
Lockheed Martin Corp. 14.29%
RTX Corp. 11.64%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

1 Q4 2019 Calculation
Operating profit margin = 100 × (Operating incomeQ4 2019 + Operating incomeQ3 2019 + Operating incomeQ2 2019 + Operating incomeQ1 2019) ÷ (Net salesQ4 2019 + Net salesQ3 2019 + Net salesQ2 2019 + Net salesQ1 2019)
= 100 × (1,279 + 1,206 + 1,176 + 1,113) ÷ (7,842 + 7,446 + 7,159 + 6,729) = 16.36%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Raytheon Co. operating profit margin ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Net Profit Margin

Raytheon Co., net profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Net income attributable to Raytheon Company 885 860 817 781 832 644 800 633 393 572 553 506 544 529 709 429 571 447 505 551
Net sales 7,842 7,446 7,159 6,729 7,360 6,806 6,625 6,267 6,783 6,284 6,281 6,000 6,238 6,033 6,035 5,763 6,328 5,783 5,848 5,288
Profitability Ratio
Net profit margin1 11.46% 11.47% 10.96% 11.11% 10.75% 9.33% 9.24% 8.40% 7.98% 8.77% 8.68% 9.41% 9.19% 9.26% 9.02% 8.23% 8.92%
Benchmarks
Net Profit Margin, Competitors2
Boeing Co. -0.83%
Caterpillar Inc. 12.00%
Cummins Inc. 9.59%
Eaton Corp. plc 10.34%
General Electric Co. -5.69%
Honeywell International Inc. 16.73%
Lockheed Martin Corp. 10.42%
RTX Corp. 7.19%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

1 Q4 2019 Calculation
Net profit margin = 100 × (Net income attributable to Raytheon CompanyQ4 2019 + Net income attributable to Raytheon CompanyQ3 2019 + Net income attributable to Raytheon CompanyQ2 2019 + Net income attributable to Raytheon CompanyQ1 2019) ÷ (Net salesQ4 2019 + Net salesQ3 2019 + Net salesQ2 2019 + Net salesQ1 2019)
= 100 × (885 + 860 + 817 + 781) ÷ (7,842 + 7,446 + 7,159 + 6,729) = 11.46%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Raytheon Co. net profit margin ratio improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.

Return on Equity (ROE)

Raytheon Co., ROE calculation (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Net income attributable to Raytheon Company 885 860 817 781 832 644 800 633 393 572 553 506 544 529 709 429 571 447 505 551
Total Raytheon Company stockholders’ equity 12,223 12,982 12,204 11,708 11,472 11,310 10,607 10,237 9,963 10,857 10,815 10,384 10,066 10,467 10,316 10,124 10,128 10,148 10,056 9,707
Profitability Ratio
ROE1 27.35% 25.34% 25.19% 26.11% 25.36% 21.84% 22.61% 21.01% 20.32% 20.03% 19.71% 22.03% 21.97% 21.38% 20.90% 19.28% 20.48%
Benchmarks
ROE, Competitors2
Boeing Co.
Caterpillar Inc. 41.77%
Cummins Inc. 30.11%
Eaton Corp. plc 13.75%
General Electric Co. -17.58%
Honeywell International Inc. 33.22%
Lockheed Martin Corp. 199.23%
RTX Corp. 13.25%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

1 Q4 2019 Calculation
ROE = 100 × (Net income attributable to Raytheon CompanyQ4 2019 + Net income attributable to Raytheon CompanyQ3 2019 + Net income attributable to Raytheon CompanyQ2 2019 + Net income attributable to Raytheon CompanyQ1 2019) ÷ Total Raytheon Company stockholders’ equity
= 100 × (885 + 860 + 817 + 781) ÷ 12,223 = 27.35%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Raytheon Co. ROE improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Return on Assets (ROA)

Raytheon Co., ROA calculation (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Net income attributable to Raytheon Company 885 860 817 781 832 644 800 633 393 572 553 506 544 529 709 429 571 447 505 551
Total assets 34,566 32,817 33,186 31,576 31,864 30,134 30,738 30,497 30,860 30,278 30,229 29,869 30,052 29,452 29,098 28,829 29,281 29,249 28,437 27,798
Profitability Ratio
ROA1 9.67% 10.03% 9.26% 9.68% 9.13% 8.20% 7.80% 7.05% 6.56% 7.18% 7.05% 7.66% 7.36% 7.60% 7.41% 6.77% 7.08%
Benchmarks
ROA, Competitors2
Boeing Co. -0.48%
Caterpillar Inc. 7.77%
Cummins Inc. 11.45%
Eaton Corp. plc 6.74%
General Electric Co. -1.87%
Honeywell International Inc. 10.47%
Lockheed Martin Corp. 13.11%
RTX Corp. 3.96%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

1 Q4 2019 Calculation
ROA = 100 × (Net income attributable to Raytheon CompanyQ4 2019 + Net income attributable to Raytheon CompanyQ3 2019 + Net income attributable to Raytheon CompanyQ2 2019 + Net income attributable to Raytheon CompanyQ1 2019) ÷ Total assets
= 100 × (885 + 860 + 817 + 781) ÷ 34,566 = 9.67%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Raytheon Co. ROA improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.