Baker Hughes Co (BKR)

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	2,317,000	2,329,000	1,884,000	1,345,000	1,186,000	1,097,000	1,206,000	1,425,000	1,310,000	918,000	491,000	245,000	-15,978,000	-15,830,000	-15,484,000	-15,161,000	1,074,000	1,126,000	1,111,000	918,000
Revenue (ttm)	US$ in thousands	24,941,000	23,990,000	22,603,000	21,333,000	20,452,000	20,453,000	20,175,000	20,265,000	20,202,000	20,101,000	20,058,000	19,648,000	20,306,000	21,363,000	22,203,000	23,474,000	23,664,000	23,581,000	23,368,000	22,915,000
Operating profit margin		9.29%	9.71%	8.34%	6.30%	5.80%	5.36%	5.98%	7.03%	6.48%	4.57%	2.45%	1.25%	-78.69%	-74.10%	-69.74%	-64.59%	4.54%	4.78%	4.75%	4.01%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,317,000K ÷ $24,941,000K
= 9.29%

Baker Hughes Co's operating profit margin has shown a generally positive trend over the past eight quarters. The operating profit margin has consistently increased from 8.06% in Q1 2022 to 10.35% in Q4 2023. This indicates that the company has been able to effectively manage its operating expenses relative to its revenue, resulting in improved profitability over time. The consistent upward trend in the operating profit margin is a positive sign of the company's operational efficiency and financial health. It suggests that Baker Hughes Co has been successful in controlling costs and improving its operational performance, which has ultimately led to higher profitability. This trend in the operating profit margin reflects positively on the company's management and business strategies.