Fresh Del Monte Produce Inc (FDP)
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 | 196,500 | 52,800 | 24,300 | 28,200 | 58,600 | 203,200 | 228,800 | 191,000 | 156,300 | 115,900 | 66,200 | 91,200 | 111,100 | 119,400 | 144,700 | 118,500 | 76,600 | 66,000 | 66,500 | 90,600 |
| Revenue (ttm) | US$ in thousands | 4,280,300 | 4,275,700 | 4,259,300 | 4,300,100 | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 |
| Operating profit margin | 4.59% | 1.23% | 0.57% | 0.66% | 1.36% | 4.67% | 5.20% | 4.31% | 3.52% | 2.62% | 1.51% | 2.12% | 2.61% | 2.82% | 3.43% | 2.84% | 1.82% | 1.56% | 1.54% | 2.03% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $196,500K ÷ $4,280,300K
= 4.59%
Fresh Del Monte Produce Inc's operating profit margin has fluctuated over the past few years. The margin stood at around 2% for the most part of 2020 and 2021, showing slight improvements towards the end of 2021. In 2022, there was a notable drop in the margin to 1.51% in June, followed by a recovery to 3.52% by the end of the year.
The trend continued into 2023, with the operating profit margin steadily increasing to reach 5.20% in June, reflecting an improvement in the company's operational efficiency. However, by the end of 2023, there was a significant drop in the margin to 1.36%.
The margin further declined in 2024, hitting a low of 0.57% in June, before slightly improving to 1.23% by September and jumping to 4.59% by the end of the year. This fluctuation suggests some volatility in Fresh Del Monte Produce Inc's ability to generate profits from its core operations. It would be important to investigate the factors contributing to these fluctuations in order to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024