Bristol-Myers Squibb Company (BMY)

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	-9,504,000	-10,337,000	-10,597,000	-9,851,000	-10,280,000	-12,331,000	-12,539,000	-14,016,000	-15,487,000	-1,800,000	-2,410,000	-3,043,000	-3,317,000	-6,022,000	1,007,000	4,789,000	8,778,000	7,608,000	4,642,000	4,075,000
Revenue (ttm)	US$ in thousands	45,006,000	44,935,000	45,187,000	45,848,000	46,159,000	46,738,000	47,144,000	46,960,000	46,385,000	45,468,000	44,384,000	42,810,000	42,518,000	39,395,000	34,862,000	31,006,000	26,145,000	24,173,000	23,857,000	23,288,000
Operating profit margin		-21.12%	-23.00%	-23.45%	-21.49%	-22.27%	-26.38%	-26.60%	-29.85%	-33.39%	-3.96%	-5.43%	-7.11%	-7.80%	-15.29%	2.89%	15.45%	33.57%	31.47%	19.46%	17.50%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-9,504,000K ÷ $45,006,000K
= -21.12%

Bristol-Myers Squibb Co.'s operating profit margin has experienced fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 18.21%, which was slightly higher than the previous quarter's 17.64%. This suggests that the company was able to generate more profit from its core business operations in the last quarter.

However, looking at the trend over the past year, the operating profit margin has decreased compared to Q4 2022 when it was at 19.72%. This indicates a decline in the company's ability to control its operating expenses and generate profits from its operations.

It is worth noting that the operating profit margin reached its peak in Q3 2022 at 20.67% before gradually declining in the following quarters. Overall, the company's operating profit margin has shown some variability but has generally remained above 17% in the past year, indicating a decent level of profitability from its core operations.