Apple Inc (AAPL)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 123,216,000 | 120,594,000 | 118,240,000 | 118,658,000 | 114,301,000 | 112,226,000 | 112,304,000 | 113,965,000 | 119,437,000 | 118,329,000 | 119,379,000 | 116,903,000 | 108,949,000 | 99,938,000 | 88,903,000 | 74,253,000 | 66,288,000 | 67,138,000 | 65,591,000 | 66,153,000 |
| 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 |
| Operating profit margin | 31.51% | 31.36% | 31.15% | 30.92% | 30.06% | 29.45% | 29.36% | 29.66% | 30.52% | 30.75% | 31.15% | 31.12% | 30.00% | 28.95% | 27.49% | 25.43% | 24.35% | 24.72% | 24.70% | 24.96% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $123,216,000K ÷ $391,035,000K
= 31.51%
Apple Inc's operating profit margin has generally shown a positive trend over the past few years, indicating improved operational efficiency and profitability. The margin ranged from 24.35% in Dec 2020 to 31.51% in Sep 2024, with fluctuations observed quarter to quarter.
The company's ability to generate profits from its core operations has been impressive, with margins consistently above 25% in recent years. The trend of increasing operating profit margins from 24.35% in Dec 2020 to 31.51% in Sep 2024 reflects effective cost management and revenue generation strategies.
Investors and analysts may view Apple's strong operating profit margins as a positive indicator of the company's financial health and operational performance. Maintaining a healthy operating profit margin is crucial for sustaining growth, reinvestment in the business, and delivering value to shareholders.
Peer comparison
Sep 30, 2024