Becton Dickinson and Company (BDX)

Net 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
Net income (ttm)	US$ in thousands	1,256,000	1,484,000	1,664,000	1,617,000	1,611,000	1,779,000	1,756,000	1,921,000	1,766,000	2,092,000	1,955,000	1,716,000	1,600,000	875,000	910,000	1,075,000	912,000	1,233,000	935,000	1,078,000
Revenue (ttm)	US$ in thousands	19,492,000	19,372,000	19,046,000	18,809,000	18,738,000	18,870,000	18,958,000	18,924,000	19,081,000	19,678,000	19,613,000	18,861,000	18,207,000	17,117,000	16,917,000	17,412,000	17,354,000	17,289,000	17,107,000	17,035,000
Net profit margin		6.44%	7.66%	8.74%	8.60%	8.60%	9.43%	9.26%	10.15%	9.26%	10.63%	9.97%	9.10%	8.79%	5.11%	5.38%	6.17%	5.26%	7.13%	5.47%	6.33%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,256,000K ÷ $19,492,000K
= 6.44%

The net profit margin of Becton Dickinson & Co. has shown some fluctuations over the past eight quarters. In Q1 2024, the net profit margin was 6.25%, which was lower compared to the previous quarter. This decrease follows a trend of lower net profit margins observed over the past few quarters, indicating potential challenges in maintaining profitability.

Q4 2023 saw a slight improvement in the net profit margin to 7.35%, but this was still lower than the levels seen in earlier periods. The company experienced a peak in net profit margin in Q4 2022 at 8.96%, but since then, there has been a downward trend in profitability.

It is important to note that while the net profit margin has been fluctuating, it has generally been above 8% over the past eight quarters. This indicates that Becton Dickinson & Co. has been able to generate a reasonable level of profit relative to its revenue during this period, despite the recent dip.

Overall, a careful examination of the underlying factors driving these fluctuations in net profit margin, such as changes in costs, revenues, or other financial metrics, would provide a more comprehensive understanding of the company's financial performance.