Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

Common-Size Income Statement

RTX Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Product sales 71.93 75.70 76.52 76.55 70.09
Service sales 28.07 24.30 23.48 23.45 29.91
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of sales, products -63.01 -62.51 -63.82 -67.40 -55.09
Cost of sales, services -19.45 -17.11 -16.78 -17.53 -18.98
Cost of sales -82.46% -79.62% -80.60% -84.92% -74.07%
Gross margin 17.54% 20.38% 19.40% 15.08% 25.93%
Research and development -4.07 -4.04 -4.24 -4.56 -3.91
Selling, general and administrative -8.43 -8.44 -8.11 -9.79 -11.06
Goodwill impairment 0.00 0.00 0.00 -5.62 0.00
Other income, net 0.12 0.18 0.66 1.56 0.68
Operating profit (loss) 5.17% 8.07% 7.70% -3.34% 11.64%
Non-service pension income 2.58 2.82 3.02 1.59 1.15
Debt extinguishment costs 0.00 0.00 -1.01 0.00 0.00
Interest expense -2.40 -1.94 -2.07 -2.53 -2.30
Interest income 0.15 0.10 0.06 0.07 0.21
Other non-operating income (expense) 0.07 -0.07 -0.04 0.04 0.00
Interest expense, net -2.18% -1.90% -2.05% -2.41% -2.09%
Non-operating income (expense), net 0.40% 0.91% -0.04% -0.82% -0.94%
Income (loss) from continuing operations before income taxes 5.57% 8.99% 7.66% -4.16% 10.70%
Income tax expense -0.66 -1.04 -1.22 -1.02 -2.98
Net income (loss) from continuing operations 4.90% 7.94% 6.44% -5.17% 7.72%
Loss from discontinued operations 0.00 -0.03 -0.05 -0.65 0.00
Net income (loss) 4.90% 7.91% 6.39% -5.82% 7.72%
Noncontrolling interest in subsidiaries’ earnings -0.27 -0.17 -0.39 -0.40 -0.53
Net income (loss) attributable to common shareowners 4.64% 7.75% 6.00% -6.22% 7.19%

Based on: 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).

Income statement item Description The company
Operating profit (loss) The net result for the period of deducting operating expenses from operating revenues. RTX Corp. operating profit (loss) as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. RTX Corp. income (loss) from continuing operations before income taxes as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income (loss) attributable to common shareowners The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. RTX Corp. net income (loss) attributable to common shareowners as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.