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United Technologies Gross Profit

: $19,461 Mil (TTM As of Sep. 2019)
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United Technologies's gross profit for the three months ended in Sep. 2019 was $5,285 Mil. United Technologies's gross profit for the trailing twelve months (TTM) ended in Sep. 2019 was $19,461 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. United Technologies's gross profit for the three months ended in Sep. 2019 was $5,285 Mil. United Technologies's Revenue for the three months ended in Sep. 2019 was $19,496 Mil. Therefore, United Technologies's Gross Margin % for the quarter that ended in Sep. 2019 was 27.11%.

United Technologies had a gross margin of 27.11% for the quarter that ended in Sep. 2019 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of United Technologies was 29.36%. The lowest was 24.84%. And the median was 27.48%.

Warning Sign:

United Technologies Corp gross margin has been in long term decline. The average rate of decline per year is -3%.


United Technologies Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

United Technologies Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17,002.00 15,667.00 15,773.00 15,636.00 16,516.00

United Technologies Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,974.00 4,297.00 4,658.00 5,221.00 5,285.00

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


United Technologies Gross Profit Distribution

* The bar in red indicates where United Technologies's Gross Profit falls into.



United Technologies Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

United Technologies's Gross Profit for the fiscal year that ended in Dec. 2018 is calculated as

Gross Profit (A: Dec. 2018 )=Revenue - Cost of Goods Sold
=66501 - 49985
=16,516

United Technologies's Gross Profit for the quarter that ended in Sep. 2019 is calculated as

Gross Profit (Q: Sep. 2019 )=Revenue - Cost of Goods Sold
=19496 - 14211
=5,285

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2019 was 4297 (Dec. 2018 ) + 4658 (Mar. 2019 ) + 5221 (Jun. 2019 ) + 5285 (Sep. 2019 ) = $19,461 Mil.

Gross Profit is the numerator in the calculation of Gross Margin:

United Technologies's Gross Margin % for the quarter that ended in Sep. 2019 is calculated as

Gross Margin % (Q: Sep. 2019 )=Gross Profit (Q: Sep. 2019 ) / Revenue (Q: Sep. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=5,285 / 19496
=27.11 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


United Technologies  (NYSE:UTX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

United Technologies had a gross margin of 27.11% for the quarter that ended in Sep. 2019 => Competition eroding margins


United Technologies Gross Profit Related Terms

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