HNI Corp (HNI)
Operating profit margin
| Dec 31, 2024 | Sep 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 | 183,900 | 186,100 | 113,600 | 90,300 | 82,600 | 107,700 | 141,200 | 155,200 | 144,100 | 88,400 | 83,200 | 85,400 | 105,024 | 117,586 | 107,728 | 61,400 | 93,637 | 115,531 | 123,937 | 151,342 |
| Revenue (ttm) | US$ in thousands | 2,582,500 | 2,651,600 | 2,542,900 | 2,434,000 | 2,323,100 | 2,210,300 | 2,268,500 | 2,361,700 | 2,395,700 | 2,383,600 | 2,272,400 | 2,184,393 | 2,136,642 | 2,057,005 | 1,963,961 | 1,948,372 | 2,000,722 | 2,119,093 | 2,225,230 | 2,233,871 |
| Operating profit margin | 7.12% | 7.02% | 4.47% | 3.71% | 3.56% | 4.87% | 6.22% | 6.57% | 6.01% | 3.71% | 3.66% | 3.91% | 4.92% | 5.72% | 5.49% | 3.15% | 4.68% | 5.45% | 5.57% | 6.77% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $183,900K ÷ $2,582,500K
= 7.12%
The operating profit margin of HNI Corp has shown some fluctuation over the periods analyzed. It started at 6.77% on December 31, 2019, and gradually declined to 3.15% by December 31, 2020. There was a slight improvement in the margin in the following quarters, reaching 5.72% on June 30, 2021. However, the margin then decreased again to 3.91% by December 31, 2021.
From the data, we can observe a trend of fluctuations with some periods of improvement mixed with periods of decline. For example, there was a significant improvement in the operating profit margin to 6.57% by December 31, 2022 and further to 7.12% by December 31, 2024. However, there were also periods of lower margins, such as 3.56% on September 30, 2023.
Overall, the operating profit margin of HNI Corp has shown variability over the periods analyzed, indicating potential challenges in maintaining consistent profitability levels. This fluctuation may be influenced by various factors such as changes in costs, pricing strategies, and economic conditions impacting the company's operations. Further analysis would be necessary to understand the specific drivers behind these fluctuations and their implications for the company's financial performance.