Gross Profit Comparison: RTX Corporation and Cummins Inc. Trends

A Decade of Gross Profit Trends: RTX Corporation vs. Cummins Inc.

In the ever-evolving landscape of industrial giants, RTX Corporation and Cummins Inc. have showcased intriguing financial trajectories over the past decade. From 2014 to 2023, RTX Corporation consistently outperformed Cummins Inc. in terms of gross profit, with RTX peaking in 2019 at approximately $20 billion, nearly double Cummins' highest mark in 2023. However, Cummins demonstrated resilience, achieving a 70% increase in gross profit from 2016 to 2023, despite a dip in 2020. RTX, on the other hand, faced a significant downturn in 2020, with profits plummeting by over 50% compared to the previous year, likely due to global disruptions. As of 2023, RTX's recovery is evident, yet the data for 2024 remains incomplete, leaving room for speculation. This financial narrative underscores the dynamic nature of industrial competition and the impact of global events on corporate profitability.