RTX Corporation vs Honeywell International Inc.: A Gross Profit Performance Breakdown

A Tale of Two Giants: Gross Profit Trends from 2014 to 2023

In the competitive landscape of industrial conglomerates, RTX Corporation and Honeywell International Inc. have long been titans. Over the past decade, their gross profit trajectories reveal intriguing insights into their financial health and strategic maneuvers. From 2014 to 2019, RTX Corporation consistently outperformed Honeywell, peaking in 2019 with a gross profit nearly 70% higher than Honeywell's. However, the pandemic year of 2020 saw RTX's profits plummet by over 50%, while Honeywell's decline was more modest at around 15%.

The recovery phase post-2020 has been a mixed bag. By 2023, Honeywell rebounded to its highest gross profit in the decade, while RTX showed signs of recovery but remained below its 2019 peak. The data for 2024 is incomplete, leaving room for speculation on whether RTX can regain its former glory. This financial narrative underscores the resilience and adaptability of these industrial powerhouses.