Baxter International Inc (BAX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 390,000 | -2,243,000 | 1,710,000 | 1,616,000 | 1,772,000 |
| Revenue | US$ in thousands | 14,847,000 | 15,164,000 | 12,731,000 | 23,192,000 | 22,616,000 |
| Operating profit margin | 2.63% | -14.79% | 13.43% | 6.97% | 7.84% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $390,000K ÷ $14,847,000K
= 2.63%
Baxter International Inc.'s operating profit margin has shown a declining trend over the past five years, as indicated by the figures from December 31, 2019, to December 31, 2023. The operating profit margin was at its peak in 2019 at 14.35% and has progressively decreased to 2.44% by the end of 2023. This decline signifies a potential decrease in the company's ability to generate profits from its core operations relative to its revenue during the period. It is advisable for stakeholders to further investigate the reasons behind this decreasing trend to ensure the company's long-term financial health and sustainability.
Peer comparison
Dec 31, 2023