Ametek Inc (AME)

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	1,707,459	1,660,557	1,606,942	1,552,993	1,500,692	1,463,753	1,416,796	1,368,565	1,308,670	1,245,632	1,178,810	1,089,189	1,027,884	1,027,426	1,057,741	1,126,161	1,177,380	1,161,745	1,125,955	1,100,631
Revenue (ttm)	US$ in thousands	6,515,160	6,411,040	6,338,130	6,204,940	6,067,350	5,947,930	5,836,590	5,708,290	5,466,130	5,162,380	4,847,940	4,471,293	4,594,993	4,720,333	4,869,893	5,148,580	5,093,120	5,059,630	4,977,880	4,898,090
Operating profit margin		26.21%	25.90%	25.35%	25.03%	24.73%	24.61%	24.27%	23.98%	23.94%	24.13%	24.32%	24.36%	22.37%	21.77%	21.72%	21.87%	23.12%	22.96%	22.62%	22.47%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,707,459K ÷ $6,515,160K
= 26.21%

The operating profit margin of Ametek Inc has shown a consistent upward trend over the past eight quarters, indicating efficient management of operating expenses and generating higher profits from its core business activities. The margins have steadily increased from 23.64% in Q1 2022 to 25.88% in Q4 2023, demonstrating a positive trajectory in the company's operational efficiency. This improvement suggests that Ametek has been able to control its costs effectively while increasing revenue, resulting in enhanced profitability. Overall, the growth in operating profit margin reflects Ametek's ability to efficiently convert its sales into profits over the recent quarters.