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, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Products sales 73.83 71.93 75.70 76.52 76.55
Services sales 26.17 28.07 24.30 23.48 23.45
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of sales, products -62.88 -63.01 -62.51 -63.82 -67.40
Cost of sales, services -18.03 -19.45 -17.11 -16.78 -17.53
Cost of sales -80.91% -82.46% -79.62% -80.60% -84.92%
Gross margin 19.09% 17.54% 20.38% 19.40% 15.08%
Research and development -3.63 -4.07 -4.04 -4.24 -4.56
Selling, general, and administrative -7.19 -8.43 -8.44 -8.11 -9.79
Goodwill impairment 0.00 0.00 0.00 0.00 -5.62
Other income (expense), net -0.16 0.12 0.18 0.66 1.56
Operating profit (loss) 8.10% 5.17% 8.07% 7.70% -3.34%
Non-service pension income 1.88 2.58 2.82 3.02 1.59
Debt extinguishment costs 0.00 0.00 0.00 -1.01 0.00
Interest expense -2.44 -2.40 -1.94 -2.07 -2.53
Interest income 0.13 0.15 0.10 0.06 0.07
Other non-operating income (expense) 0.01 0.07 -0.07 -0.04 0.04
Interest expense, net -2.31% -2.18% -1.90% -2.05% -2.41%
Non-operating income (expense), net -0.43% 0.40% 0.91% -0.04% -0.82%
Income (loss) from continuing operations before income taxes 7.67% 5.57% 8.99% 7.66% -4.16%
Income tax expense -1.46 -0.66 -1.04 -1.22 -1.02
Net income (loss) from continuing operations 6.21% 4.90% 7.94% 6.44% -5.17%
Loss from discontinued operations 0.00 0.00 -0.03 -0.05 -0.65
Net income (loss) 6.21% 4.90% 7.91% 6.39% -5.82%
Noncontrolling interest in subsidiaries’ earnings -0.30 -0.27 -0.17 -0.39 -0.40
Net income (loss) attributable to common shareowners 5.91% 4.64% 7.75% 6.00% -6.22%

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).

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 decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
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 decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
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 decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.