Becton Dickinson and Company (BDX)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	2,397,000	2,124,000	2,071,000	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
Revenue (ttm)	US$ in thousands	20,178,000	19,828,000	19,716,000	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
Operating profit margin		11.88%	10.71%	10.50%	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%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,397,000K ÷ $20,178,000K
= 11.88%

The operating profit margin for Becton Dickinson and Company has shown fluctuations over the past several quarters. Generally, the operating profit margin has ranged between 9% and 12%, indicating a moderate level of profitability in relation to its operating costs.

In recent quarters, there has been a noticeable decline in the operating profit margin, with figures ranging from 10.08% to 11.88%. The company's profitability peaked at 12.94% in the third quarter of 2021 but has since decreased. This suggests that Becton Dickinson and Company may be facing challenges in controlling its operating expenses or experiencing pressure on its pricing strategies, impacting its profitability.

It is important for the company to analyze the factors contributing to these fluctuations in the operating profit margin to identify areas for improvement and implement strategies to enhance operational efficiency and profitability in the future.