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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 20.1B | 1.9% |
| Gross Profit | 18.5B | 2.2% |
| Cost of Revenue | 1.58B | 2.1% |
| Operating expense | 2.7B | 0.4% |
| Net Income | 1.47B | 1226.1% |
| EBITDA | 2.9B | 111.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 165B | 2.3% |
| Total Liabilities | 102B | 1.5% |
| Total Equity | 61.1B | 3.6% |
| Shares Outstanding | 1.33B | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.52B | 7.7% |
| Cash from investing | -715M | 2.5% |
| Cash from financing | -1.16B | 26.9% |
EPS
Financial Highlights for Raytheon Technologies in Q3 '24
Raytheon Technologies reported a revenue of 20.1B, which is a 1.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 18.5B, marking a 2.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.58B, a -2.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.7B, showing a 0.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.47B, showing a 1226.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.9B, showing a 111.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Raytheon Technologies with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
