Allegion PLC (ALLE)
Operating profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 708,400 | 708,100 | 677,900 | 640,400 | 586,400 | 542,100 | 517,600 | 515,900 | 530,200 | 532,800 | 554,800 | 505,900 | 403,500 | 429,100 | 436,800 | 486,000 | 565,100 | 563,200 | 537,400 | 535,100 |
| Revenue (ttm) | US$ in thousands | 3,553,800 | 3,529,000 | 3,524,800 | 3,385,400 | 3,186,000 | 3,072,600 | 2,875,900 | 2,849,700 | 2,820,400 | 2,833,700 | 2,845,100 | 2,687,700 | 2,668,100 | 2,621,500 | 2,641,400 | 2,783,100 | 2,763,400 | 2,783,600 | 2,746,800 | 2,720,300 |
| Operating profit margin | 19.93% | 20.07% | 19.23% | 18.92% | 18.41% | 17.64% | 18.00% | 18.10% | 18.80% | 18.80% | 19.50% | 18.82% | 15.12% | 16.37% | 16.54% | 17.46% | 20.45% | 20.23% | 19.56% | 19.67% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $708,400K ÷ $3,553,800K
= 19.93%
Allegion plc's operating profit margin has shown a relatively consistent upward trend over the past eight quarters, reflecting the company's ability to effectively manage operating expenses and generate profits from its core business activities. The margin ranged from 17.40% to 19.61%, indicating a stable and sustainable performance. This improvement over time can suggest increasing operational efficiency, cost control, or pricing power within the company. Overall, the consistent growth in operating profit margin demonstrates Allegion plc's ability to maintain profitability and create value for its shareholders.