Gross Profit Trends Compared: RTX Corporation vs Allegion plc

Comparing Profit Trends of RTX and Allegion Over a Decade

__timestampAllegion plcRTX Corporation
Wednesday, January 1, 201485370000017653000000
Thursday, January 1, 201586910000015667000000
Friday, January 1, 201698530000015784000000
Sunday, January 1, 2017107070000015884000000
Monday, January 1, 2018117330000016516000000
Tuesday, January 1, 2019125230000019981000000
Wednesday, January 1, 202011788000008531000000
Friday, January 1, 2021120490000012491000000
Saturday, January 1, 2022132240000013668000000
Sunday, January 1, 2023158150000012089000000
Monday, January 1, 2024166850000015410000000
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Data in motion

Gross Profit Trends: A Tale of Two Giants

In the ever-evolving landscape of global business, RTX Corporation and Allegion plc stand as titans in their respective industries. Over the past decade, from 2014 to 2023, these companies have showcased intriguing trends in their gross profit margins. RTX Corporation, a leader in aerospace and defense, experienced a notable dip in 2020, with profits plummeting by over 50% compared to 2019. However, they rebounded strongly, achieving a 44% increase by 2022. Allegion plc, a key player in security products, demonstrated a steady growth trajectory, with a remarkable 85% increase in gross profit from 2014 to 2023. The data reveals a missing entry for Allegion in 2024, hinting at potential reporting delays or strategic shifts. As these companies navigate the complexities of their markets, their financial performances offer valuable insights into resilience and adaptability.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025