HP Inc (HPQ)
Operating profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,818,000 | 3,456,000 | 4,559,000 | 5,359,000 | 3,462,000 |
| Revenue | US$ in thousands | 53,559,000 | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 |
| Operating profit margin | 7.13% | 6.43% | 7.25% | 8.44% | 6.11% |
October 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,818,000K ÷ $53,559,000K
= 7.13%
HP Inc's operating profit margin has shown some fluctuation over the past five years. In the latest fiscal year ending on October 31, 2024, the operating profit margin stood at 7.13%, which is an improvement compared to the previous year's margin of 6.43%. However, it is lower than the margins reported in fiscal years 2021 and 2022, which were 8.44% and 7.25% respectively. The operating profit margin was lowest in 2020 at 6.11%.
The increase in operating profit margin from 2023 to 2024 indicates that HP Inc may have implemented cost-saving measures or increased operational efficiency. Despite this improvement, the company has not yet reached the levels seen in 2021 when the operating profit margin was highest in the five-year period analyzed.
Overall, HP Inc's operating profit margin has shown variability over the years, and it is important for the company to continue monitoring and managing its operational expenses effectively to sustain and potentially improve its profitability in the future.
Peer comparison
Oct 31, 2024