The Clorox Company (CLX)
Operating profit margin
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,797,000 | 1,692,000 | 1,688,000 | 1,360,000 | 1,293,000 | 1,274,000 | 1,494,000 | 1,077,000 | 988,000 | 796,000 | 563,000 | 581,000 | 662,000 | 661,000 | 745,000 | 973,000 | 1,225,000 | 1,498,000 | 1,533,000 | 1,447,000 |
| Revenue (ttm) | US$ in thousands | 7,104,000 | 7,019,000 | 7,165,000 | 7,469,000 | 7,093,000 | 7,209,000 | 7,310,000 | 7,035,000 | 7,389,000 | 7,171,000 | 7,065,000 | 7,041,000 | 7,107,000 | 7,108,000 | 7,080,000 | 7,231,000 | 7,341,000 | 7,522,000 | 7,524,000 | 7,131,000 |
| Operating profit margin | 25.30% | 24.11% | 23.56% | 18.21% | 18.23% | 17.67% | 20.44% | 15.31% | 13.37% | 11.10% | 7.97% | 8.25% | 9.31% | 9.30% | 10.52% | 13.46% | 16.69% | 19.91% | 20.37% | 20.29% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,797,000K ÷ $7,104,000K
= 25.30%
The operating profit margin of The Clorox Company has exhibited notable fluctuations over the analyzed period, reflecting changes in its operational profitability. Beginning at 20.29% as of September 30, 2020, the margin experienced a slight increase, reaching 20.37% by December 31, 2020. However, a downward trend commenced, with the margin declining to 19.91% in March 2021, and subsequently falling sharply to approximately 16.69% in June 2021 and 13.46% in September 2021.
This downward trajectory continued into 2022, as the margin decreased further to 10.52% by the end of December 2021, and then to 9.30% in March 2022, stabilizing marginally at 9.31% in June 2022 before further reduction to 8.25% in September 2022 and 7.97% in December 2022. These declines suggest challenges in maintaining operational efficiency or a potential increase in costs relative to revenues during this period.
Starting in the first quarter of 2023, a reversal of the downward trend is discernible. The operating profit margin increased to 11.10% in March 2023 and continued to improve to 13.37% in June 2023, culminating in 15.31% in September 2023. This upward movement indicates a possible recovery or strategic adjustments enhancing operational profitability.
The positive trend persisted into the subsequent quarters, with significant increases observed, culminating at 20.44% in December 2023. The margin further improved to 24.11% in March 2024, 18.23% in June 2024, and stabilized at around 18.21% in September 2024. The most recent data shows continued growth, with the margin reaching 23.56% in December 2024, 24.11% in March 2025, and achieving 25.30% in June 2025.
Overall, the operating profit margin experienced a period of decline during the 2021–2022 timeframe, likely reflecting operational headwinds or increased costs. However, this was followed by a substantial recovery beginning in early 2023, with the margin surpassing previous levels and reaching heights above 25% by mid-2025, indicating significant improvements in operational efficiency and profitability in recent periods.