Becton Dickinson and Company (BDX)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,397,000 | 2,111,000 | 2,282,000 | 2,250,000 | 912,000 |
| Revenue | US$ in thousands | 20,178,000 | 19,372,000 | 18,870,000 | 19,131,000 | 16,074,000 |
| Operating profit margin | 11.88% | 10.90% | 12.09% | 11.76% | 5.67% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,397,000K ÷ $20,178,000K
= 11.88%
Becton Dickinson and Company's operating profit margin has shown a positive trend over the past five years. The operating profit margins for the fiscal years ending September 30, 2020, and 2021 were 5.67% and 11.76%, respectively, indicating a significant improvement. This positive trend continued in the subsequent years, with the operating profit margins increasing to 12.09% in 2022, 10.90% in 2023, and further rising to 11.88% in 2024.
The increase in operating profit margin signifies that Becton Dickinson and Company has been able to effectively control its operating costs and improve operational efficiency over the years. A rising operating profit margin indicates that the company is generating more profits from its core operations relative to its revenue.
Overall, the consistent improvement in the operating profit margin of Becton Dickinson and Company reflects positively on the company's ability to manage its expenses efficiently and optimize its operational performance. It suggests that the company is on a solid financial footing and is likely making strategic decisions to enhance profitability.
Peer comparison
Sep 30, 2024