Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company’s ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Raytheon Technologies Corp., profitability ratios (quarterly data)
Based on: 10-K (filing date: 2021-02-08), 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Raytheon Technologies Corp.’s gross profit margin ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Raytheon Technologies Corp.’s operating profit margin ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Raytheon Technologies Corp.’s net profit margin ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Raytheon Technologies Corp.’s ROE deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
ROA | A profitability ratio calculated as net income divided by total assets. | Raytheon Technologies Corp.’s ROA deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Gross Profit Margin
Raytheon Technologies Corp., gross profit margin calculation (quarterly data)
Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Gross margin | 139 | 1,743 | 1,847 | 4,802 | 4,817 | 5,285 | 5,221 | 4,658 | 4,297 | 3,974 | 4,283 | 3,962 | 3,947 | 4,019 | 4,180 | 3,738 | 3,936 | 4,012 | 4,133 | 3,703 | ||||||
Net sales | 9,569 | 14,747 | 14,061 | 18,210 | 19,551 | 19,496 | 19,634 | 18,365 | 18,044 | 16,510 | 16,705 | 15,242 | 15,680 | 15,062 | 15,280 | 13,815 | 14,659 | 14,354 | 14,874 | 13,357 | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Gross profit margin1 | 15.08% | 19.84% | 23.49% | 26.17% | 25.93% | 25.76% | 25.02% | 24.72% | 24.84% | 25.21% | 25.86% | 26.29% | 26.55% | 26.99% | 27.30% | 27.41% | 27.57% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -9.78% | -1.31% | 1.83% | 0.47% | 5.83% | 13.24% | 13.64% | 19.22% | 19.42% | 18.67% | 19.05% | 18.97% | 18.55% | 17.75% | 17.47% | 15.02% | 14.57% | — | — | — | ||||||
Lockheed Martin Corp. | 13.23% | 13.33% | 13.49% | 13.53% | 13.99% | 14.03% | 13.99% | 13.82% | 13.53% | 12.76% | 12.19% | 11.72% | 10.87% | 10.64% | 10.84% | 10.68% | 10.71% | — | — | — | ||||||
Northrop Grumman Corp. | 20.32% | 21.22% | 21.27% | 21.26% | 21.45% | 20.56% | 21.60% | 21.96% | 22.57% | 22.81% | 22.35% | 22.85% | 23.07% | 23.54% | 23.80% | 23.74% | 23.57% | — | — | — |
Based on: 10-K (filing date: 2021-02-08), 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).
1 Q4 2020 Calculation
Gross profit margin = 100
× (Gross marginQ4 2020
+ Gross marginQ3 2020
+ Gross marginQ2 2020
+ Gross marginQ1 2020)
÷ (Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020
+ Net salesQ1 2020)
= 100 × (139 + 1,743 + 1,847 + 4,802)
÷ (9,569 + 14,747 + 14,061 + 18,210)
= 15.08%
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 Technologies Corp.’s gross profit margin ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Operating Profit Margin
Raytheon Technologies Corp., operating profit margin calculation (quarterly data)
Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Operating profit (loss) | (370) | 434 | (3,760) | 1,807 | 1,851 | 2,486 | 2,584 | 2,045 | 1,911 | 1,838 | 2,876 | 1,928 | 1,952 | 2,163 | 2,290 | 2,267 | 1,639 | 2,251 | 2,337 | 1,945 | ||||||
Net sales | 9,569 | 14,747 | 14,061 | 18,210 | 19,551 | 19,496 | 19,634 | 18,365 | 18,044 | 16,510 | 16,705 | 15,242 | 15,680 | 15,062 | 15,280 | 13,815 | 14,659 | 14,354 | 14,874 | 13,357 | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Operating profit margin1 | -3.34% | 0.50% | 3.34% | 11.35% | 11.64% | 11.95% | 11.55% | 12.45% | 12.86% | 13.40% | 14.23% | 13.60% | 14.49% | 14.21% | 14.54% | 14.72% | 14.28% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -21.95% | -11.39% | -7.90% | -8.05% | -2.58% | 5.06% | 5.83% | 11.39% | 11.85% | 11.05% | 11.62% | 11.62% | 11.01% | 10.33% | 9.93% | 6.53% | 6.17% | — | — | — | ||||||
Lockheed Martin Corp. | 13.22% | 13.24% | 13.45% | 13.72% | 14.29% | 14.13% | 14.10% | 13.98% | 13.64% | 13.47% | 13.01% | 12.58% | 11.60% | 11.05% | 11.52% | 11.56% | 11.74% | — | — | — | ||||||
Northrop Grumman Corp. | 11.05% | 11.47% | 11.57% | 11.58% | 11.73% | 11.35% | 12.15% | 12.26% | 12.56% | 12.61% | 12.13% | 12.62% | 12.79% | 13.15% | 13.27% | 13.24% | 13.03% | — | — | — |
Based on: 10-K (filing date: 2021-02-08), 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).
1 Q4 2020 Calculation
Operating profit margin = 100
× (Operating profit (loss)Q4 2020
+ Operating profit (loss)Q3 2020
+ Operating profit (loss)Q2 2020
+ Operating profit (loss)Q1 2020)
÷ (Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020
+ Net salesQ1 2020)
= 100 × (-370 + 434 + -3,760 + 1,807)
÷ (9,569 + 14,747 + 14,061 + 18,210)
= -3.34%
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 Technologies Corp.’s operating profit margin ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Net Profit Margin
Raytheon Technologies Corp., net profit margin calculation (quarterly data)
Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income (loss) attributable to common shareowners | 135 | 264 | (3,835) | (83) | 1,143 | 1,148 | 1,900 | 1,346 | 686 | 1,238 | 2,048 | 1,297 | 397 | 1,330 | 1,439 | 1,386 | 1,013 | 1,480 | 1,379 | 1,183 | ||||||
Net sales | 9,569 | 14,747 | 14,061 | 18,210 | 19,551 | 19,496 | 19,634 | 18,365 | 18,044 | 16,510 | 16,705 | 15,242 | 15,680 | 15,062 | 15,280 | 13,815 | 14,659 | 14,354 | 14,874 | 13,357 | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Net profit margin1 | -6.22% | -3.77% | -2.28% | 5.34% | 7.19% | 6.73% | 7.13% | 7.64% | 7.92% | 7.76% | 8.09% | 7.28% | 7.61% | 8.79% | 9.15% | 9.11% | 8.83% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -20.42% | -7.34% | -4.27% | -4.84% | -0.83% | 4.37% | 5.42% | 10.07% | 10.34% | 10.36% | 9.92% | 9.63% | 8.78% | 7.33% | 7.84% | 5.52% | 5.18% | — | — | — | ||||||
Lockheed Martin Corp. | 10.45% | 10.18% | 10.25% | 10.21% | 10.42% | 10.26% | 10.18% | 9.91% | 9.39% | 5.78% | 5.00% | 4.64% | 3.92% | 7.31% | 10.37% | 10.78% | 11.22% | — | — | — | ||||||
Northrop Grumman Corp. | 8.67% | 6.94% | 6.91% | 6.57% | 6.64% | 9.05% | 10.11% | 10.31% | 10.73% | 10.68% | 9.08% | 8.43% | 7.81% | 9.24% | 9.20% | 9.20% | 8.98% | — | — | — |
Based on: 10-K (filing date: 2021-02-08), 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).
1 Q4 2020 Calculation
Net profit margin = 100
× (Net income (loss) attributable to common shareownersQ4 2020
+ Net income (loss) attributable to common shareownersQ3 2020
+ Net income (loss) attributable to common shareownersQ2 2020
+ Net income (loss) attributable to common shareownersQ1 2020)
÷ (Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020
+ Net salesQ1 2020)
= 100 × (135 + 264 + -3,835 + -83)
÷ (9,569 + 14,747 + 14,061 + 18,210)
= -6.22%
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 Technologies Corp.’s net profit margin ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Return on Equity (ROE)
Raytheon Technologies Corp., ROE calculation (quarterly data)
Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income (loss) attributable to common shareowners | 135 | 264 | (3,835) | (83) | 1,143 | 1,148 | 1,900 | 1,346 | 686 | 1,238 | 2,048 | 1,297 | 397 | 1,330 | 1,439 | 1,386 | 1,013 | 1,480 | 1,379 | 1,183 | ||||||
Shareowners’ equity | 72,163 | 68,379 | 67,225 | 39,411 | 41,774 | 40,468 | 40,754 | 39,738 | 38,446 | 32,106 | 31,364 | 30,534 | 29,610 | 29,881 | 28,442 | 27,594 | 27,579 | 29,187 | 29,090 | 28,353 | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
ROE1 | -4.88% | -3.67% | -2.42% | 10.42% | 13.25% | 12.55% | 12.69% | 13.38% | 13.70% | 15.51% | 16.17% | 14.62% | 15.37% | 17.30% | 18.70% | 19.05% | 18.33% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
ROE, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | — | — | — | — | — | — | — | 8,105.60% | 3,085.55% | — | — | 754.75% | 2,309.01% | 616.57% | — | 5,396.84% | 599.14% | — | — | — | ||||||
Lockheed Martin Corp. | 113.60% | 132.02% | 171.93% | 181.17% | 199.23% | 153.74% | 205.26% | 226.90% | 361.98% | 334.15% | 629.09% | — | — | 173.12% | 402.21% | 348.42% | 350.89% | — | — | — | ||||||
Northrop Grumman Corp. | 30.14% | 23.41% | 24.68% | 24.86% | 25.49% | 30.96% | 36.08% | 37.21% | 39.44% | 33.52% | 29.80% | 28.84% | 28.59% | 36.38% | 39.18% | 41.09% | 41.83% | — | — | — |
Based on: 10-K (filing date: 2021-02-08), 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).
1 Q4 2020 Calculation
ROE = 100
× (Net income (loss) attributable to common shareownersQ4 2020
+ Net income (loss) attributable to common shareownersQ3 2020
+ Net income (loss) attributable to common shareownersQ2 2020
+ Net income (loss) attributable to common shareownersQ1 2020)
÷ Shareowners’ equity
= 100 × (135 + 264 + -3,835 + -83)
÷ 72,163 = -4.88%
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 Technologies Corp.’s ROE deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Return on Assets (ROA)
Raytheon Technologies Corp., ROA calculation (quarterly data)
Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income (loss) attributable to common shareowners | 135 | 264 | (3,835) | (83) | 1,143 | 1,148 | 1,900 | 1,346 | 686 | 1,238 | 2,048 | 1,297 | 397 | 1,330 | 1,439 | 1,386 | 1,013 | 1,480 | 1,379 | 1,183 | ||||||
Total assets | 162,153 | 162,399 | 161,517 | 139,572 | 139,716 | 139,009 | 138,990 | 137,380 | 134,211 | 114,939 | 101,569 | 98,779 | 96,920 | 96,352 | 94,793 | 90,373 | 89,706 | 90,062 | 89,480 | 88,571 | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
ROA1 | -2.17% | -1.55% | -1.01% | 2.94% | 3.96% | 3.65% | 3.72% | 3.87% | 3.93% | 4.33% | 4.99% | 4.52% | 4.70% | 5.36% | 5.61% | 5.82% | 5.64% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
ROA, Competitors2 | ||||||||||||||||||||||||||
Boeing Co. | -7.80% | -2.77% | -1.75% | -2.39% | -0.48% | 2.86% | 3.96% | 8.43% | 8.91% | 8.87% | 8.53% | 8.12% | 8.88% | 7.36% | 7.91% | 5.72% | 5.44% | — | — | — | ||||||
Lockheed Martin Corp. | 13.47% | 12.88% | 13.00% | 12.68% | 13.11% | 12.15% | 12.23% | 11.73% | 11.24% | 6.93% | 5.80% | 5.14% | 4.30% | 7.42% | 10.45% | 10.58% | 11.09% | — | — | — | ||||||
Northrop Grumman Corp. | 7.17% | 5.47% | 5.51% | 5.21% | 5.47% | 7.43% | 8.40% | 8.18% | 8.58% | 8.04% | 6.56% | 6.37% | 5.77% | 8.91% | 8.98% | 8.99% | 8.59% | — | — | — |
Based on: 10-K (filing date: 2021-02-08), 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).
1 Q4 2020 Calculation
ROA = 100
× (Net income (loss) attributable to common shareownersQ4 2020
+ Net income (loss) attributable to common shareownersQ3 2020
+ Net income (loss) attributable to common shareownersQ2 2020
+ Net income (loss) attributable to common shareownersQ1 2020)
÷ Total assets
= 100 × (135 + 264 + -3,835 + -83)
÷ 162,153 = -2.17%
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 Technologies Corp.’s ROA deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |