Stock Analysis on Net
Stock Analysis on Net

Raytheon Technologies Corp. (NYSE:RTX)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability Ratios (Summary)

Raytheon Technologies Corp., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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
Return on Sales
Gross profit margin 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%
Operating profit margin -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%
Net profit margin -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%
Return on Investment
Return on equity (ROE) -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%
Return on assets (ROA) -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%

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)

Microsoft Excel LibreOffice Calc
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)
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)

Microsoft Excel LibreOffice Calc
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)
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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.