Bristol-Myers Squibb Company (BMY)

Operating profit margin

		Dec 31, 2024	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
Operating income (ttm)	US$ in thousands	-12,354,000	-11,456,000	-11,502,000	-11,251,000	-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
Revenue (ttm)	US$ in thousands	48,300,000	47,435,000	46,509,000	45,534,000	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
Operating profit margin		-25.58%	-24.15%	-24.73%	-24.71%	-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%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-12,354,000K ÷ $48,300,000K
= -25.58%

The operating profit margin of Bristol-Myers Squibb Company has shown a consistent decline over the past few years, indicating a downward trend in the company's profitability from March 31, 2020, to December 31, 2024. The operating profit margin started at 15.45% in March 2020 but steadily decreased, turning negative by September 2020 and stayed negative throughout the following years.

The decline in operating profit margin can indicate challenges such as decreasing sales, increasing operating expenses, or both. A negative operating profit margin suggests that the company's operating expenses exceed its gross profit, leading to operating losses.

It is crucial for Bristol-Myers Squibb Company to closely monitor and address the factors contributing to this declining trend in operating profit margin to sustain its financial health and long-term success. Further analysis of the company's operational efficiency, cost management strategies, revenue streams, and market competition may be necessary to identify opportunities for improvement.