Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | RTX Corp. gross profit margin ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | RTX Corp. operating profit margin ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | RTX Corp. net profit margin ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | RTX Corp. ROE deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
ROA | A profitability ratio calculated as net income divided by total assets. | RTX Corp. ROA deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Gross Profit Margin
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Gross margin | 4,009) | 714) | 3,797) | 3,569) | 3,567) | 3,487) | 3,458) | 3,156) | 3,428) | 3,124) | 3,225) | 2,714) | 2,153) | 1,743) | 1,847) | 2,788) | 4,817) | 5,285) | 5,221) | 4,658) | ||||||
Net sales | 19,927) | 13,464) | 18,315) | 17,214) | 18,093) | 16,951) | 16,314) | 15,716) | 17,044) | 16,213) | 15,880) | 15,251) | 16,419) | 14,747) | 14,061) | 11,360) | 19,551) | 19,496) | 19,634) | 18,365) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Gross profit margin1 | 17.54% | 17.36% | 20.43% | 20.53% | 20.38% | 20.49% | 20.17% | 19.94% | 19.40% | 17.59% | 15.79% | 13.98% | 15.08% | 18.75% | 22.86% | 25.86% | 25.93% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | 9.93% | 9.09% | 6.65% | 7.20% | 5.26% | -1.41% | 2.74% | 3.20% | 4.84% | -0.25% | -1.35% | -7.82% | -9.78% | -1.31% | 1.83% | 0.47% | 5.83% | — | — | — | ||||||
Caterpillar Inc. | 33.04% | 31.71% | 30.44% | 28.74% | 26.91% | 26.14% | 25.52% | 25.71% | 26.30% | 27.08% | 26.83% | 25.98% | 25.47% | 25.52% | 26.43% | 27.22% | 27.83% | — | — | — | ||||||
Cummins Inc. | 24.22% | 24.23% | 23.72% | 23.94% | 23.93% | 23.77% | 24.16% | 23.61% | 23.71% | 23.91% | 24.51% | 24.34% | 24.70% | 24.78% | 24.70% | 25.43% | 25.37% | — | — | — | ||||||
Eaton Corp. plc | 36.36% | 35.54% | 34.51% | 33.64% | 33.19% | 32.83% | 32.55% | 32.36% | 32.28% | 32.14% | 32.23% | 30.80% | 30.52% | 30.54% | 30.99% | 32.61% | 32.97% | — | — | — | ||||||
General Electric Co. | 21.95% | 23.26% | 23.29% | 24.24% | 24.55% | 24.52% | 25.22% | 24.26% | 24.19% | 24.97% | 22.43% | 18.80% | 17.26% | 15.53% | 16.78% | 19.21% | 19.96% | — | — | — | ||||||
Honeywell International Inc. | 37.28% | 38.03% | 37.79% | 37.36% | 36.99% | 35.56% | 34.22% | 32.95% | 31.98% | 32.34% | 32.06% | 31.52% | 32.07% | 32.23% | 32.87% | 33.88% | 33.70% | — | — | — | ||||||
Lockheed Martin Corp. | 12.55% | 12.54% | 12.70% | 12.74% | 12.56% | 12.99% | 13.39% | 13.36% | 13.52% | 13.34% | 13.00% | 13.26% | 13.23% | 13.33% | 13.49% | 13.53% | 13.99% | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Gross profit margin = 100
× (Gross marginQ4 2023
+ Gross marginQ3 2023
+ Gross marginQ2 2023
+ Gross marginQ1 2023)
÷ (Net salesQ4 2023
+ Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023)
= 100 × (4,009 + 714 + 3,797 + 3,569)
÷ (19,927 + 13,464 + 18,315 + 17,214)
= 17.54%
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. | RTX Corp. gross profit margin ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Operating Profit Margin
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Operating profit (loss) | 1,847) | (1,396) | 1,458) | 1,652) | 1,501) | 1,480) | 1,353) | 1,080) | 1,320) | 1,343) | 1,282) | 1,013) | 142) | 434) | (3,760) | 1,295) | 1,851) | 2,486) | 2,584) | 2,045) | ||||||
Net sales | 19,927) | 13,464) | 18,315) | 17,214) | 18,093) | 16,951) | 16,314) | 15,716) | 17,044) | 16,213) | 15,880) | 15,251) | 16,419) | 14,747) | 14,061) | 11,360) | 19,551) | 19,496) | 19,634) | 18,365) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Operating profit margin1 | 5.17% | 4.79% | 8.63% | 8.73% | 8.07% | 7.93% | 7.81% | 7.75% | 7.70% | 5.93% | 4.61% | -3.59% | -3.34% | -0.30% | 2.90% | 11.73% | 11.64% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -0.99% | -1.86% | -4.62% | -3.58% | -5.33% | -11.99% | -6.98% | -6.53% | -4.66% | -10.80% | -12.18% | -20.36% | -21.95% | -11.39% | -7.90% | -8.05% | -2.58% | — | — | — | ||||||
Caterpillar Inc. | 20.30% | 18.13% | 16.97% | 14.94% | 13.97% | 14.56% | 13.81% | 13.87% | 14.27% | 14.56% | 13.82% | 12.32% | 11.67% | 12.30% | 13.90% | 15.62% | 16.33% | — | — | — | ||||||
Cummins Inc. | 5.17% | 11.34% | 10.72% | 11.12% | 10.43% | 10.03% | 10.74% | 10.28% | 11.27% | 11.83% | 12.28% | 11.70% | 11.45% | 10.19% | 10.01% | 11.23% | 11.45% | — | — | — | ||||||
Eaton Corp. plc | 16.75% | 16.28% | 15.48% | 14.85% | 14.55% | 13.90% | 16.33% | 15.97% | 15.69% | 15.50% | 12.54% | 10.81% | 11.45% | 11.39% | 11.87% | 13.86% | 13.38% | — | — | — | ||||||
General Electric Co. | 8.49% | 8.08% | 6.92% | 7.40% | 6.05% | 7.05% | 8.12% | 7.31% | 8.58% | 7.86% | 6.82% | 4.72% | 5.49% | 7.26% | 9.19% | 12.10% | 12.85% | — | — | — | ||||||
Honeywell International Inc. | 19.32% | 20.09% | 19.73% | 19.05% | 18.12% | 17.55% | 17.31% | 17.37% | 18.03% | 18.36% | 17.95% | 16.90% | 17.45% | 17.20% | 17.83% | 19.01% | 18.66% | — | — | — | ||||||
Lockheed Martin Corp. | 12.59% | 12.57% | 12.80% | 12.78% | 12.65% | 13.15% | 13.47% | 13.50% | 13.61% | 13.50% | 13.19% | 13.19% | 13.22% | 13.24% | 13.45% | 13.72% | 14.29% | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Operating profit margin = 100
× (Operating profit (loss)Q4 2023
+ Operating profit (loss)Q3 2023
+ Operating profit (loss)Q2 2023
+ Operating profit (loss)Q1 2023)
÷ (Net salesQ4 2023
+ Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023)
= 100 × (1,847 + -1,396 + 1,458 + 1,652)
÷ (19,927 + 13,464 + 18,315 + 17,214)
= 5.17%
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. | RTX Corp. operating profit margin ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Net Profit Margin
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income (loss) attributable to common shareowners | 1,426) | (984) | 1,327) | 1,426) | 1,422) | 1,387) | 1,304) | 1,084) | 686) | 1,393) | 1,032) | 753) | 135) | 264) | (3,835) | (83) | 1,143) | 1,148) | 1,900) | 1,346) | ||||||
Net sales | 19,927) | 13,464) | 18,315) | 17,214) | 18,093) | 16,951) | 16,314) | 15,716) | 17,044) | 16,213) | 15,880) | 15,251) | 16,419) | 14,747) | 14,061) | 11,360) | 19,551) | 19,496) | 19,634) | 18,365) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Net profit margin1 | 4.64% | 4.76% | 7.88% | 8.08% | 7.75% | 6.76% | 6.84% | 6.47% | 6.00% | 5.20% | 3.51% | -4.44% | -6.22% | -4.20% | -2.52% | 5.87% | 7.19% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -2.86% | -3.74% | -6.08% | -5.86% | -7.41% | -13.75% | -8.69% | -8.00% | -6.75% | -13.50% | -14.30% | -20.87% | -20.42% | -7.34% | -4.27% | -4.84% | -0.83% | — | — | — | ||||||
Caterpillar Inc. | 16.18% | 14.35% | 13.53% | 12.10% | 11.85% | 13.70% | 13.19% | 13.02% | 13.47% | 11.28% | 10.17% | 8.53% | 7.68% | 8.12% | 9.50% | 11.06% | 12.00% | — | — | — | ||||||
Cummins Inc. | 2.16% | 8.40% | 7.89% | 8.37% | 7.66% | 7.32% | 8.26% | 8.00% | 8.87% | 9.32% | 9.52% | 9.00% | 9.03% | 8.12% | 8.46% | 9.34% | 9.59% | — | — | — | ||||||
Eaton Corp. plc | 13.87% | 13.24% | 12.30% | 12.00% | 11.86% | 11.36% | 11.70% | 11.21% | 10.92% | 10.60% | 9.86% | 8.05% | 7.90% | 7.53% | 8.03% | 10.19% | 10.34% | — | — | — | ||||||
General Electric Co. | 14.68% | 15.08% | 13.91% | 12.35% | 0.31% | -8.10% | -6.18% | -6.70% | -9.17% | -0.06% | -3.39% | -4.68% | 7.81% | 4.92% | -5.55% | -2.75% | -5.69% | — | — | — | ||||||
Honeywell International Inc. | 15.43% | 14.87% | 15.08% | 14.54% | 14.00% | 15.38% | 14.74% | 15.30% | 16.11% | 15.80% | 14.65% | 14.17% | 14.64% | 14.99% | 16.94% | 17.38% | 16.73% | — | — | — | ||||||
Lockheed Martin Corp. | 10.24% | 10.29% | 10.48% | 8.60% | 8.69% | 9.07% | 7.33% | 9.45% | 9.42% | 9.13% | 10.69% | 10.53% | 10.45% | 10.18% | 10.25% | 10.21% | 10.42% | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Net profit margin = 100
× (Net income (loss) attributable to common shareownersQ4 2023
+ Net income (loss) attributable to common shareownersQ3 2023
+ Net income (loss) attributable to common shareownersQ2 2023
+ Net income (loss) attributable to common shareownersQ1 2023)
÷ (Net salesQ4 2023
+ Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023)
= 100 × (1,426 + -984 + 1,327 + 1,426)
÷ (19,927 + 13,464 + 18,315 + 17,214)
= 4.64%
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. | RTX Corp. net profit margin ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Return on Equity (ROE)
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income (loss) attributable to common shareowners | 1,426) | (984) | 1,327) | 1,426) | 1,422) | 1,387) | 1,304) | 1,084) | 686) | 1,393) | 1,032) | 753) | 135) | 264) | (3,835) | (83) | 1,143) | 1,148) | 1,900) | 1,346) | ||||||
Shareowners’ equity | 59,798) | 69,596) | 72,480) | 72,795) | 72,632) | 70,187) | 70,441) | 72,462) | 73,068) | 71,308) | 71,115) | 71,710) | 72,163) | 68,379) | 67,225) | 39,411) | 41,774) | 40,468) | 40,754) | 39,738) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
ROE1 | 5.34% | 4.59% | 7.67% | 7.61% | 7.16% | 6.36% | 6.34% | 5.79% | 5.29% | 4.65% | 3.07% | -3.74% | -4.88% | -3.67% | -2.42% | 10.42% | 13.25% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
ROE, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Caterpillar Inc. | 53.02% | 44.48% | 45.85% | 39.18% | 42.25% | 47.28% | 42.96% | 38.07% | 39.37% | 30.90% | 26.09% | 20.73% | 19.56% | 22.18% | 30.16% | 37.36% | 41.77% | — | — | — | ||||||
Cummins Inc. | 8.31% | 26.24% | 24.58% | 26.22% | 23.97% | 22.84% | 23.44% | 23.07% | 25.15% | 27.69% | 28.03% | 23.20% | 22.19% | 20.62% | 23.76% | 29.82% | 30.11% | — | — | — | ||||||
Eaton Corp. plc | 16.90% | 16.29% | 15.10% | 14.72% | 14.45% | 14.26% | 14.12% | 13.35% | 13.06% | 12.95% | 12.23% | 9.54% | 9.44% | 9.58% | 10.87% | 14.93% | 13.75% | — | — | — | ||||||
General Electric Co. | 34.63% | 35.27% | 30.77% | 27.72% | 0.62% | -18.56% | -12.75% | -12.20% | -16.17% | -0.11% | -7.29% | -9.82% | 16.04% | 11.41% | -13.31% | -6.71% | -17.58% | — | — | — | ||||||
Honeywell International Inc. | 35.68% | 31.42% | 31.52% | 30.89% | 29.74% | 30.36% | 28.96% | 28.58% | 29.85% | 30.67% | 27.73% | 25.71% | 27.23% | 27.56% | 32.23% | 35.75% | 33.22% | — | — | — | ||||||
Lockheed Martin Corp. | 101.24% | 75.11% | 76.41% | 58.97% | 61.86% | 49.05% | 41.16% | 62.10% | 57.62% | 62.90% | 109.51% | 110.16% | 113.60% | 132.02% | 171.93% | 181.17% | 199.23% | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
ROE = 100
× (Net income (loss) attributable to common shareownersQ4 2023
+ Net income (loss) attributable to common shareownersQ3 2023
+ Net income (loss) attributable to common shareownersQ2 2023
+ Net income (loss) attributable to common shareownersQ1 2023)
÷ Shareowners’ equity
= 100 × (1,426 + -984 + 1,327 + 1,426)
÷ 59,798 = 5.34%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | RTX Corp. ROE deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Return on Assets (ROA)
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income (loss) attributable to common shareowners | 1,426) | (984) | 1,327) | 1,426) | 1,422) | 1,387) | 1,304) | 1,084) | 686) | 1,393) | 1,032) | 753) | 135) | 264) | (3,835) | (83) | 1,143) | 1,148) | 1,900) | 1,346) | ||||||
Total assets | 161,869) | 162,443) | 162,161) | 161,636) | 158,864) | 158,225) | 159,017) | 159,366) | 161,404) | 158,772) | 158,838) | 160,608) | 162,153) | 162,399) | 161,517) | 139,572) | 139,716) | 139,009) | 138,990) | 137,380) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
ROA1 | 1.97% | 1.96% | 3.43% | 3.43% | 3.27% | 2.82% | 2.81% | 2.63% | 2.39% | 2.09% | 1.37% | -1.67% | -2.17% | -1.55% | -1.01% | 2.94% | 3.96% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
ROA, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -1.62% | -2.11% | -3.32% | -3.03% | -3.60% | -6.14% | -3.90% | -3.60% | -3.03% | -5.77% | -5.92% | -7.85% | -7.80% | -2.77% | -1.75% | -2.39% | -0.48% | — | — | — | ||||||
Caterpillar Inc. | 11.81% | 10.50% | 9.79% | 8.50% | 8.18% | 9.11% | 8.33% | 7.90% | 7.84% | 6.37% | 5.37% | 4.26% | 3.83% | 4.32% | 5.41% | 6.99% | 7.77% | — | — | — | ||||||
Cummins Inc. | 2.30% | 8.71% | 8.01% | 8.03% | 7.10% | 6.43% | 8.37% | 8.07% | 8.99% | 9.70% | 9.75% | 8.19% | 7.91% | 7.36% | 8.41% | 10.50% | 11.45% | — | — | — | ||||||
Eaton Corp. plc | 8.37% | 8.03% | 7.37% | 7.23% | 7.03% | 6.67% | 6.58% | 6.30% | 6.30% | 6.06% | 5.12% | 4.20% | 4.43% | 4.48% | 5.08% | 6.90% | 6.74% | — | — | — | ||||||
General Electric Co. | 5.81% | 6.45% | 5.89% | 5.33% | 0.12% | -3.23% | -2.38% | -2.48% | -3.28% | -0.02% | -1.03% | -1.34% | 2.25% | 1.49% | -1.75% | -0.90% | -1.87% | — | — | — | ||||||
Honeywell International Inc. | 9.20% | 8.83% | 8.75% | 8.73% | 7.97% | 8.92% | 8.16% | 8.29% | 8.60% | 8.53% | 7.78% | 7.28% | 7.40% | 7.85% | 9.19% | 10.99% | 10.47% | — | — | — | ||||||
Lockheed Martin Corp. | 13.19% | 12.29% | 12.39% | 10.41% | 10.84% | 11.28% | 9.09% | 12.06% | 12.41% | 11.69% | 13.71% | 13.52% | 13.47% | 12.88% | 13.00% | 12.68% | 13.11% | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
ROA = 100
× (Net income (loss) attributable to common shareownersQ4 2023
+ Net income (loss) attributable to common shareownersQ3 2023
+ Net income (loss) attributable to common shareownersQ2 2023
+ Net income (loss) attributable to common shareownersQ1 2023)
÷ Total assets
= 100 × (1,426 + -984 + 1,327 + 1,426)
÷ 161,869 = 1.97%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | RTX Corp. ROA deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |