The Clorox Company (CLX)
Operating profit margin
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,295,000 | 1,079,000 | 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 | 1,261,000 |
| Revenue (ttm) | US$ in thousands | 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 | 6,721,000 |
| Operating profit margin | 18.45% | 15.06% | 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% | 18.76% |
March 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,295,000K ÷ $7,019,000K
= 18.45%
The analysis of The Clorox Company's operating profit margin over the specified period reveals notable fluctuations indicative of shifts in operational efficiency and cost management. From June 30, 2020, to September 30, 2020, the operating profit margin increased from approximately 18.76% to 20.29%, reaching a peak of 20.37% by December 31, 2020. During this interval, the company demonstrated robust profitability relative to its sales.
Subsequently, there was a slight dip in margins during early 2021, with March 31, 2021, recording an operating profit margin of approximately 19.91%. This period was followed by a downward trend starting in June 2021, where the margin declined to around 16.69%, continuing a then-steady decrease through the end of 2021 and into mid-2022, with the margin reaching notably lower levels of approximately 8.25% on September 30, 2022, and 7.97% on December 31, 2022. This sustained decline could imply increased operating costs, competitive pressure, or other adverse operational factors affecting profitability.
Beginning in early 2023, a recovery trend emerged, with margins rising to 11.10% in March 2023 and further to 13.37% in June 2023. The most recent data points demonstrate continued improvement, with the September 30, 2023, margin reaching 15.31%, and a significant upward jump to approximately 20.44% by December 31, 2023. However, this upward trajectory experienced some moderation, with margins slightly decreasing to 17.67% in March 2024, but then climbing again to 18.23% by June 2024 and remaining relatively stable at 18.21% by September 2024.
In the latest period reported, December 31, 2024, the operating profit margin declined to approximately 15.06%, before rising modestly to around 18.45% by March 2025. This pattern suggests ongoing efforts to optimize operations and control costs, with fluctuations potentially reflecting seasonal influences, supply chain variations, or strategic adjustments.
Overall, the operating profit margin exhibits cyclical behavior with an initial period of growth, a significant decline across 2021 and 2022, followed by a recovery phase beginning in early 2023. The recent margins indicate a return to robust profitability levels, though they remain below the earlier peaks observed at the end of 2020. Such trends may necessitate continued focus on operational efficiencies and cost management strategies to sustain and improve profitability in the face of evolving market dynamics.