CNH Industrial N.V. (CNH)
Operating profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,957,000 | 4,291,000 | 4,610,000 | 4,719,000 | 4,681,000 | 4,574,000 | 4,293,000 | 4,039,000 | 3,639,000 | 3,433,000 | 3,459,000 | 3,605,000 | 4,011,000 | 3,728,000 | 1,543,000 | 781,000 | 684,000 | 492,000 | 2,419,000 | 2,803,000 |
| Revenue (ttm) | US$ in thousands | 21,752,000 | 23,084,000 | 24,163,000 | 24,687,000 | 24,838,000 | 24,733,000 | 24,248,000 | 23,551,000 | 36,020,000 | 34,885,000 | 33,977,000 | 33,428,000 | 22,665,000 | 24,411,000 | 24,815,000 | 26,180,000 | 25,226,000 | 25,094,000 | 27,083,000 | 28,079,000 |
| Operating profit margin | 18.19% | 18.59% | 19.08% | 19.12% | 18.85% | 18.49% | 17.70% | 17.15% | 10.10% | 9.84% | 10.18% | 10.78% | 17.70% | 15.27% | 6.22% | 2.98% | 2.71% | 1.96% | 8.93% | 9.98% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,957,000K ÷ $21,752,000K
= 18.19%
The operating profit margin of CNH Industrial N.V. has shown a fluctuating trend over the most recent quarters. The margin has exhibited an improving pattern from the first quarter of 2020 to the second quarter of 2024, with percentage levels ranging from 1.96% to a high of 19.12%. Notably, the margins have generally been above 10% since the third quarter of 2021.
The company achieved its highest operating profit margin of 19.12% in the first quarter of 2024, indicating efficient cost management and strong revenue generation during that period. However, there was a slight decline in the margin in the subsequent quarter, settling at 18.59% in the second quarter of 2024.
Overall, the operating profit margin performance of CNH Industrial N.V. has been relatively strong in recent quarters, demonstrating an ability to generate profit from its core operations. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024