Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

RTX Corp., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating profit (loss)1 ÷ Net sales1
Dec 31, 2024 = 100 × ÷
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Dec 31, 2020 = 100 × ÷
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Dec 31, 2018 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 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 financial data reveals several notable trends over the analyzed period. Net sales demonstrate a generally upward trajectory from 2005 through 2019, increasing from approximately US$42.3 billion to US$77 billion. This growth is intermittently interrupted, with a significant decline occurring in 2020, where sales dropped markedly to around US$56.6 billion. Subsequent years show a recovery in sales figures, culminating in the highest recorded amount of approximately US$80.7 billion in 2024.

Operating profit generally follows the trend of net sales, increasing steadily from just over US$5.1 billion in 2005 to a peak nearing US$9.0 billion in 2019. A severe dip is observed in 2020, where the operating profit plunges into a loss close to US$-1.9 billion. This decline parallels the drop in net sales for the same year. Following this dip, operating profit recovers progressively, reaching approximately US$6.5 billion by 2024, although it does not quite return to the pre-2020 peak level by the end of the period.

The operating profit margin reflects the company’s operational efficiency relative to its sales. This margin remains relatively stable and positive from 2005 through 2019, fluctuating between roughly 11.6% and 15%, with peaks observed in 2013 and 2014 (around 14.7% to 15%). However, in 2020, there is a dramatic reversal, with the margin turning negative at approximately -3.3%, coinciding with the steep operating loss recorded in the same year. Post-2020, the margin improves but remains below the earlier peak values, stabilizing between 5% and 8% through 2024.

Overall, the data indicates strong growth and operational performance up to 2019, followed by a significant disruption in 2020 that adversely affected both sales and profitability. The partial recovery in subsequent years suggests resilience, although operational margins have yet to regain their previous highs. This pattern could indicate external factors impacting the business significantly in 2020, with ongoing efforts toward financial normalization thereafter.

Comparison to Competitors

RTX Corp., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
RTX Corp. Boeing Co. Caterpillar Inc. Lockheed Martin Corp.
Dec 31, 2024
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Based on: 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).