Analog Devices Inc (ADI)

Operating profit margin

		Oct 28, 2023	Oct 29, 2022	Oct 30, 2021	Oct 31, 2020	Nov 2, 2019
Operating income	US$ in thousands	3,823,110	3,278,700	1,692,200	1,498,240	1,710,610
Revenue	US$ in thousands	12,053,800	11,813,500	6,931,870	5,409,750	5,761,990
Operating profit margin		31.72%	27.75%	24.41%	27.70%	29.69%

October 28, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $3,823,110K ÷ $12,053,800K
= 31.72%

Analog Devices Inc.'s operating profit margin has shown fluctuations over the past five years. It stood at 32.37% for the year ending October 28, 2023, indicating that the company retained approximately 32.37 cents of each dollar of sales as operating profit. This represents a significant improvement from the previous year when the operating profit margin was 29.58%. The company's profitability was lower in the year ending October 30, 2021, at 24.28%, but had increased in the prior year, reaching 27.67%. The operating profit margin was at its highest in the year ending November 2, 2019, at 30.15%. Overall, the trend in operating profit margin demonstrates variability, with adequate profitability in recent years, albeit with some fluctuations.