AbbVie Inc (ABBV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 12,757,000 | 18,117,000 | 17,924,000 | 11,363,000 | 12,983,000 |
| Revenue | US$ in thousands | 54,318,000 | 58,054,000 | 56,197,000 | 45,804,000 | 33,266,000 |
| Operating profit margin | 23.49% | 31.21% | 31.89% | 24.81% | 39.03% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $12,757,000K ÷ $54,318,000K
= 23.49%
The operating profit margin of Abbvie Inc has experienced fluctuations over the past five years, ranging from a high of 37.51% in 2019 to a low of 24.59% in 2023. The trend indicates a general decline in the operating profit margin since 2019.
The decrease in the operating profit margin can be attributed to various factors such as changes in operating costs, pricing pressures, and shifts in revenue composition. It is important for Abbvie Inc to closely monitor and manage its operating expenses to improve efficiency and profitability.
Overall, the operating profit margin of Abbvie Inc reflects the company's ability to generate profits from its core operations, and it is essential for investors and stakeholders to continue monitoring this key financial metric to assess the company's operational efficiency and performance.
Peer comparison
Dec 31, 2023