Apple Inc (AAPL)
Net profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 93,736,000 | 101,956,000 | 100,389,000 | 100,913,000 | 96,995,000 | 94,760,000 | 94,321,000 | 95,171,000 | 99,803,000 | 99,633,000 | 101,935,000 | 100,555,000 | 94,680,000 | 86,802,000 | 76,311,000 | 63,930,000 | 57,411,000 | 58,424,000 | 57,215,000 | 57,527,000 |
| Revenue (ttm) | US$ in thousands | 391,035,000 | 384,601,000 | 379,623,000 | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 |
| Net profit margin | 23.97% | 26.51% | 26.44% | 26.30% | 25.51% | 24.86% | 24.66% | 24.76% | 25.50% | 25.89% | 26.59% | 26.77% | 26.07% | 25.15% | 23.60% | 21.89% | 21.09% | 21.51% | 21.54% | 21.71% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $93,736,000K ÷ $391,035,000K
= 23.97%
The net profit margin of Apple Inc has shown a general upward trend over the past few years, indicating efficient cost management and strong revenue generation. The margin was relatively stable around the mid-20% range from 2019 to 2021 before experiencing some fluctuations.
In recent quarters, the net profit margin has demonstrated a slight decrease compared to the peak in the middle of 2022; however, it remains above 20%, highlighting the company's ability to convert its revenue into profit effectively. The margin was 23.97% as of September 30, 2024, indicating that for every dollar of revenue generated, Apple retained approximately $0.24 as profit after accounting for all expenses and taxes.
Overall, Apple's net profit margin reflects a healthy financial performance, with consistent profitability levels that suggest efficient operations and pricing strategies. It is essential to monitor future trends in the net profit margin to assess the company's financial health and sustainability.
Peer comparison
Sep 30, 2024