F5 Networks Inc (FFIV)

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	658,591	639,307	579,786	545,872	472,568	408,357	412,252	380,853	403,792	422,626	411,574	390,428	394,025	366,274	357,483	387,680	392,267	408,368	423,487	482,582
Revenue (ttm)	US$ in thousands	2,827,520	2,787,720	2,794,867	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
Operating profit margin		23.29%	22.93%	20.74%	19.38%	16.69%	14.42%	14.70%	13.92%	14.84%	15.64%	15.37%	14.52%	15.05%	14.39%	14.43%	16.05%	16.65%	17.51%	18.32%	21.23%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $658,591K ÷ $2,827,520K
= 23.29%

The operating profit margin of F5 Networks Inc has shown a generally increasing trend over the past eight quarters. It has improved from 21.23% in December 2019 to 23.29% in September 2024. This indicates that the company has been able to effectively control its operating expenses and generate higher profits from its core operations during this period.

The operating profit margin experienced some fluctuations within this timeframe, reaching a low of 13.92% in December 2022 and a high of 23.29% in September 2024. However, the overall trend suggests an improvement in the company's operational efficiency and profitability.

The increasing operating profit margin is a positive sign for stakeholders as it indicates that the company is effectively managing its costs and generating a higher percentage of profits from each dollar of sales. This can be seen as a reflection of the company's ability to streamline operations and/or increase the pricing power of its products or services.

Overall, the improving trend in F5 Networks Inc's operating profit margin suggests that the company is on a path towards stronger financial performance and efficiency in its core business operations.