Becton Dickinson and Company (BDX)

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	1,965,000	2,111,000	2,251,000	2,239,000	2,175,000	2,282,000	2,173,000	2,128,000	1,998,000	2,547,000	1,850,000	1,716,000	1,652,000	912,000	1,340,000	1,608,000	1,374,000	1,761,000	2,226,000	2,112,000
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
Operating profit margin		10.08%	10.90%	11.82%	11.90%	11.61%	12.09%	11.46%	11.24%	10.47%	12.94%	9.43%	9.10%	9.07%	5.33%	7.92%	9.24%	7.92%	10.19%	13.01%	12.40%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,965,000K ÷ $19,492,000K
= 10.08%

The operating profit margin of Becton Dickinson & Co. has displayed a slight decline over the past few quarters. In Q1 2024, the operating profit margin stood at 10.72%, down from 11.34% in Q4 2023. This trend continues from Q3 2023 to Q1 2023, where the operating profit margin gradually decreased from 12.49% to 12.42%.

Comparing the most recent data to the earlier quarters in 2022, there has been a noticeable downward trend in the operating profit margin. For instance, compared to Q2 2022 which stood at 13.66%, the operating profit margin has decreased consistently over the subsequent quarters. This indicates that the company may be facing challenges in maintaining profitability levels in recent periods.