Baxter International Inc (BAX)
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 | ||
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Operating income (ttm) | US$ in thousands | 447,000 | 708,000 | -2,121,000 | -1,840,000 | -1,863,000 | -2,070,000 | 1,323,000 | 1,483,000 | 1,710,000 | 1,733,000 | 1,690,000 | 1,597,000 | 1,616,000 | 1,746,000 | 1,779,000 | 1,798,000 | 1,772,000 | 1,627,000 | 1,506,000 | 1,533,000 |
Revenue (ttm) | US$ in thousands | 14,920,000 | 14,899,000 | 14,958,000 | 15,052,000 | 15,164,000 | 14,775,000 | 14,223,000 | 13,534,000 | 12,731,000 | 12,327,000 | 12,064,000 | 11,659,000 | 11,491,000 | 11,459,000 | 11,330,000 | 11,475,000 | 11,340,000 | 11,142,000 | 11,110,000 | 11,118,000 |
Operating profit margin | 3.00% | 4.75% | -14.18% | -12.22% | -12.29% | -14.01% | 9.30% | 10.96% | 13.43% | 14.06% | 14.01% | 13.70% | 14.06% | 15.24% | 15.70% | 15.67% | 15.63% | 14.60% | 13.56% | 13.79% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $447,000K ÷ $14,920,000K
= 3.00%
Baxter International Inc.'s operating profit margin has exhibited fluctuations over the past eight quarters. In Q1 2022 and Q2 2022, the company showcased strong operating efficiency with margins of 10.78% and 9.65%, respectively. However, there was a notable decline in Q3 2022 to 6.05%, followed by a slight improvement to 5.99% in Q4 2022.
The trend continued into 2023, with further decreases in operating profit margins. Q1 2023 saw a significant drop to 6.19%, followed by 3.90% in Q2 2023 and 3.34% in Q3 2023. The most recent data for Q4 2023 reflects a continued decline with a margin of 2.44%.
Overall, Baxter International Inc.'s operating profit margin has shown a downward trajectory, indicating potential challenges in maintaining profitability and controlling operational costs. It is important for the company to address the factors contributing to these margin reductions and implement strategies to improve operational efficiency in order to sustain profitability in the future.
Peer comparison
Dec 31, 2023
See also:
Baxter International Inc Operating Profit Margin (Quarterly Data)