FMC Corporation (FMC)

Operating 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
Operating income (ttm)	US$ in thousands	555,600	932,000	1,041,800	1,145,500	1,144,300	1,021,800	1,026,900	1,078,400	1,034,500	909,400	889,700	870,200	902,200	867,400	831,300	831,200	821,600	887,000	832,200	697,700
Revenue (ttm)	US$ in thousands	4,475,000	4,961,900	5,367,100	5,804,900	5,818,300	5,592,300	5,402,800	5,191,300	5,034,800	4,780,000	4,671,900	4,586,400	4,642,100	4,687,200	4,616,900	4,667,700	4,609,800	4,954,400	4,863,700	4,812,000
Operating profit margin		12.42%	18.78%	19.41%	19.73%	19.67%	18.27%	19.01%	20.77%	20.55%	19.03%	19.04%	18.97%	19.44%	18.51%	18.01%	17.81%	17.82%	17.90%	17.11%	14.50%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $555,600K ÷ $4,475,000K
= 12.42%

The operating profit margin of FMC Corp. has displayed a decreasing trend over the past eight quarters, with the margin declining from 23.10% in Q1 2022 to 17.11% in Q4 2023. This decrease suggests a decline in the company's ability to generate profit from its core operations relative to revenues. Although there was a slight increase in Q3 2023, the margin has generally been on a downward trajectory. Management should closely monitor and address the factors contributing to this decreasing trend to ensure sustainable profitability in the future.