Cost of Revenue Trends: RTX Corporation vs Illinois Tool Works Inc.

Cost of Revenue Trends: A Tale of Two Giants

In the ever-evolving landscape of industrial manufacturing, RTX Corporation and Illinois Tool Works Inc. (ITW) have consistently demonstrated their prowess. Over the past decade, from 2014 to 2023, these industry titans have shown distinct trends in their cost of revenue. RTX Corporation, with its expansive operations, has seen a steady increase, peaking at approximately $56.8 billion in 2023, marking a 20% rise from 2014. In contrast, ITW's cost of revenue has remained relatively stable, with a slight uptick of around 7% over the same period, reaching $9.3 billion in 2023. Notably, RTX's cost of revenue in 2024 is projected to soar to $65.3 billion, while ITW's data for 2024 remains elusive. This divergence highlights the strategic differences in their operational approaches, offering a fascinating glimpse into the financial dynamics of these corporate behemoths.