F5 Networks Inc (FFIV)

Net profit margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	460,928	394,948	332,160	326,203	301,003	322,160	343,532	350,117	337,122	331,241	298,186	278,454	296,592	307,441	324,615	340,648	395,356	427,734	465,778	502,616
Revenue (ttm)	US$ in thousands	2,816,688	2,830,769	2,832,628	2,804,474	2,735,523	2,720,645	2,701,609	2,678,636	2,689,699	2,618,816	2,545,335	2,477,072	2,415,234	2,356,422	2,331,994	2,312,136	2,273,582	2,242,447	2,214,768	2,193,577
Net profit margin		16.36%	13.95%	11.73%	11.63%	11.00%	11.84%	12.72%	13.07%	12.53%	12.65%	11.72%	11.24%	12.28%	13.05%	13.92%	14.73%	17.39%	19.07%	21.03%	22.91%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $460,928K ÷ $2,816,688K
= 16.36%

Over the past eight quarters, F5 Inc's net profit margin has shown some fluctuation. The net profit margin was relatively steady around the 11-12% range from Q4 2022 to Q2 2023, with a slight increase in Q3 2022. However, there was a noticeable uptick in Q4 2023 to 14.04%, followed by a further increase to 16.43% in Q1 2024. This suggests that F5 Inc experienced improved profitability in the most recent quarters. It would be beneficial for stakeholders to monitor future trends to assess the sustainability of this positive trend in net profit margin.