Haemonetics Corporation (HAE)

Operating profit margin

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 Sep 30, 2019 Jun 30, 2019
Operating income (ttm) US$ in thousands 164,883 170,195 167,496 178,925 156,033 139,977 132,349 110,127 80,750 40,376 45,150 79,422 89,747 136,929 137,411 128,368 103,351 101,200 88,613 64,950
Revenue (ttm) US$ in thousands 2,596,175 2,424,725 2,393,776 2,373,078 2,323,237 1,114,154 1,068,622 1,011,034 987,485 954,649 935,251 904,840 862,112 882,733 901,332 944,412 989,857 1,000,660 989,046 978,061
Operating profit margin 6.35% 7.02% 7.00% 7.54% 6.72% 12.56% 12.39% 10.89% 8.18% 4.23% 4.83% 8.78% 10.41% 15.51% 15.25% 13.59% 10.44% 10.11% 8.96% 6.64%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $164,883K ÷ $2,596,175K
= 6.35%

The operating profit margin of Haemonetics Corporation has fluctuated over the past few quarters.

From Mar 31, 2020, to Dec 31, 2020, there was a gradual decline in the operating profit margin from 15.51% to 10.44%. This was followed by a slight increase in the first two quarters of 2021, reaching 12.56% by Dec 31, 2021.

However, there was a significant decrease in the operating profit margin in the first quarter of 2022, dropping to 4.23%. The company saw a recovery in the following quarters, with the operating profit margin gradually climbing to 8.18% by Mar 31, 2022.

The operating profit margin continued to improve throughout 2022, reaching 12.39% by Dec 31, 2022. This positive trend continued into the first quarter of 2023, where the operating profit margin was at 7.54%.

In the most recent quarter, Mar 31, 2024, the operating profit margin was at 6.35%, showing a slight decline compared to the previous quarter. Overall, the operating profit margin of Haemonetics Corporation has displayed variability over the analyzed period, with both positive and negative fluctuations.


Peer comparison

Mar 31, 2024