Net Profit Margin
since 2005
Calculation
RTX Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to common shareowners1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 7.60% | = | 100 | × | 6,732) | ÷ | 88,603) |
| Dec 31, 2024 | 5.91% | = | 100 | × | 4,774) | ÷ | 80,738) |
| Dec 31, 2023 | 4.64% | = | 100 | × | 3,195) | ÷ | 68,920) |
| Dec 31, 2022 | 7.75% | = | 100 | × | 5,197) | ÷ | 67,074) |
| Dec 31, 2021 | 6.00% | = | 100 | × | 3,864) | ÷ | 64,388) |
| Dec 31, 2020 | -6.22% | = | 100 | × | (3,519) | ÷ | 56,587) |
| Dec 31, 2019 | 7.19% | = | 100 | × | 5,537) | ÷ | 77,046) |
| Dec 31, 2018 | 7.92% | = | 100 | × | 5,269) | ÷ | 66,501) |
| Dec 31, 2017 | 7.61% | = | 100 | × | 4,552) | ÷ | 59,837) |
| Dec 31, 2016 | 8.83% | = | 100 | × | 5,055) | ÷ | 57,244) |
| Dec 31, 2015 | 13.56% | = | 100 | × | 7,608) | ÷ | 56,098) |
| Dec 31, 2014 | 9.55% | = | 100 | × | 6,220) | ÷ | 65,100) |
| Dec 31, 2013 | 9.14% | = | 100 | × | 5,721) | ÷ | 62,626) |
| Dec 31, 2012 | 8.89% | = | 100 | × | 5,130) | ÷ | 57,708) |
| Dec 31, 2011 | 8.56% | = | 100 | × | 4,979) | ÷ | 58,190) |
| Dec 31, 2010 | 8.05% | = | 100 | × | 4,373) | ÷ | 54,326) |
| Dec 31, 2009 | 7.30% | = | 100 | × | 3,829) | ÷ | 52,425) |
| Dec 31, 2008 | 8.08% | = | 100 | × | 4,689) | ÷ | 58,043) |
| Dec 31, 2007 | 7.83% | = | 100 | × | 4,224) | ÷ | 53,919) |
| Dec 31, 2006 | 7.92% | = | 100 | × | 3,732) | ÷ | 47,118) |
| Dec 31, 2005 | 7.26% | = | 100 | × | 3,069) | ÷ | 42,278) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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
The net profit margin exhibited a generally positive trend from 2005 through 2015, followed by volatility and a subsequent recovery. Initial values were in the low 7% range, increasing to a peak of 13.56% in 2015. A significant decline occurred in 2016, and the margin fluctuated considerably in subsequent years before showing improvement towards the end of the analyzed period.
- Overall Trend (2005-2015)
- From 2005 to 2015, the net profit margin generally increased, demonstrating an improvement in profitability relative to sales. The margin moved from 7.26% in 2005 to a high of 13.56% in 2015. This suggests effective cost management, pricing strategies, or a favorable shift in the product/service mix during this period.
- Significant Decline (2016)
- A substantial decrease in net profit margin was observed in 2016, falling to 8.83% from 13.56% in the prior year. This coincided with a decrease in net income, indicating potential challenges in maintaining profitability despite relatively stable net sales.
- Volatility and Recovery (2017-2025)
- The period from 2017 to 2025 was characterized by volatility in the net profit margin. The margin decreased to 7.61% in 2017, then fluctuated between approximately 4.64% and 7.92% before reaching 7.60% in 2025. A particularly notable event was the negative net profit margin of -6.22% in 2020, driven by a net loss attributable to common shareowners. The subsequent years show a recovery, with the margin increasing to 7.60% in 2025.
- Recent Performance (2021-2025)
- In the most recent five-year period, the net profit margin demonstrated a recovery from the low point in 2020. While not reaching the levels seen prior to 2016, the margin increased from 4.64% in 2021 to 7.60% in 2025, suggesting a stabilization and improvement in profitability. The increase in net sales from 2021 to 2025 appears to have contributed to this improvement.
The fluctuations in net profit margin suggest the company’s profitability is sensitive to changes in net income, which may be influenced by factors such as operating costs, interest expenses, and non-operating items. Further investigation into the underlying drivers of these changes would be necessary for a more comprehensive understanding.
AI Ask an analyst for more
Comparison to Competitors
RTX Corp., net profit margin, long-term trends, comparison to competitors
| RTX Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 7.60% | 2.50% | 13.89% | 14.89% | 20.57% | 12.63% | 6.69% |
| Dec 31, 2024 | 5.91% | -17.77% | 17.59% | 15.25% | 18.67% | 14.82% | 7.51% |
| Dec 31, 2023 | 4.64% | -2.86% | 16.18% | 13.87% | 14.68% | 15.43% | 10.24% |
| Dec 31, 2022 | 7.75% | -7.41% | 11.85% | 11.86% | 0.31% | 14.00% | 8.69% |
| Dec 31, 2021 | 6.00% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% |
| Dec 31, 2020 | -6.22% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% |
| Dec 31, 2019 | 7.19% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% |
| Dec 31, 2018 | 7.92% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% |
| Dec 31, 2017 | 7.61% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% |
| Dec 31, 2016 | 8.83% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% |
| Dec 31, 2015 | 13.56% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% |
| Dec 31, 2014 | 9.55% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% |
| Dec 31, 2013 | 9.14% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% |
| Dec 31, 2012 | 8.89% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% |
| Dec 31, 2011 | 8.56% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% |
| Dec 31, 2010 | 8.05% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% |
| Dec 31, 2009 | 7.30% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% |
| Dec 31, 2008 | 8.08% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% |
| Dec 31, 2007 | 7.83% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% |
| Dec 31, 2006 | 7.92% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% |
| Dec 31, 2005 | 7.26% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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)
RTX Corp., net profit margin, long-term trends, comparison to sector (capital goods)
| RTX Corp. | Capital Goods | |
|---|---|---|
| Dec 31, 2025 | 7.60% | 9.52% |
| Dec 31, 2024 | 5.91% | 6.65% |
| Dec 31, 2023 | 4.64% | 9.09% |
| Dec 31, 2022 | 7.75% | 5.27% |
| Dec 31, 2021 | 6.00% | 3.71% |
| Dec 31, 2020 | -6.22% | 1.85% |
| Dec 31, 2019 | 7.19% | 5.03% |
| Dec 31, 2018 | 7.92% | 2.99% |
| Dec 31, 2017 | 7.61% | 3.41% |
| Dec 31, 2016 | 8.83% | 7.61% |
| Dec 31, 2015 | 13.56% | 4.69% |
| Dec 31, 2014 | 9.55% | 9.51% |
| Dec 31, 2013 | 9.14% | 8.78% |
| Dec 31, 2012 | 8.89% | 8.73% |
| Dec 31, 2011 | 8.56% | 9.04% |
| Dec 31, 2010 | 8.05% | 7.93% |
| Dec 31, 2009 | 7.30% | 6.61% |
| Dec 31, 2008 | 8.08% | 9.45% |
| Dec 31, 2007 | 7.83% | 11.53% |
| Dec 31, 2006 | 7.92% | 10.82% |
| Dec 31, 2005 | 7.26% | 9.72% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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)
RTX Corp., net profit margin, long-term trends, comparison to industry (industrials)
| RTX Corp. | Industrials | |
|---|---|---|
| Dec 31, 2025 | 7.60% | 9.59% |
| Dec 31, 2024 | 5.91% | 8.06% |
| Dec 31, 2023 | 4.64% | 8.32% |
| Dec 31, 2022 | 7.75% | 5.04% |
| Dec 31, 2021 | 6.00% | 5.85% |
| Dec 31, 2020 | -6.22% | 0.09% |
| Dec 31, 2019 | 7.19% | 4.11% |
| Dec 31, 2018 | 7.92% | 4.75% |
| Dec 31, 2017 | 7.61% | 5.79% |
| Dec 31, 2016 | 8.83% | 7.43% |
| Dec 31, 2015 | 13.56% | 6.48% |
| Dec 31, 2014 | 9.55% | 8.76% |
| Dec 31, 2013 | 9.14% | 8.23% |
| Dec 31, 2012 | 8.89% | 7.39% |
| Dec 31, 2011 | 8.56% | 8.26% |
| Dec 31, 2010 | 8.05% | 7.48% |
| Dec 31, 2009 | 7.30% | 5.76% |
| Dec 31, 2008 | 8.08% | 7.27% |
| Dec 31, 2007 | 7.83% | 9.56% |
| Dec 31, 2006 | 7.92% | 14.87% |
| Dec 31, 2005 | 7.26% | 3.55% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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).