HP Inc (HPQ)
Operating profit margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,648,000 | 3,456,000 | 3,183,000 | 3,487,000 | 3,997,000 | 4,559,000 | 5,113,000 | 5,238,000 | 5,343,000 | 5,359,000 | 5,056,000 | 4,454,000 | 3,918,000 | 3,462,000 | 3,414,000 | 3,714,000 | 3,816,000 | 3,877,000 | 3,927,000 | 3,866,000 |
| Revenue (ttm) | US$ in thousands | 53,105,000 | 53,718,000 | 54,675,000 | 56,127,000 | 59,695,000 | 62,910,000 | 64,784,000 | 65,425,000 | 64,827,000 | 63,460,000 | 62,070,000 | 61,075,000 | 57,667,000 | 56,639,000 | 56,788,000 | 57,097,000 | 58,664,000 | 58,756,000 | 58,715,000 | 58,698,000 |
| Operating profit margin | 6.87% | 6.43% | 5.82% | 6.21% | 6.70% | 7.25% | 7.89% | 8.01% | 8.24% | 8.44% | 8.15% | 7.29% | 6.79% | 6.11% | 6.01% | 6.50% | 6.50% | 6.60% | 6.69% | 6.59% |
January 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,648,000K ÷ $53,105,000K
= 6.87%
HP Inc's operating profit margin has shown some fluctuations over the past eight quarters. In Q1 2024, the operating profit margin was 8.02%, slightly down from the previous quarter's 7.86%. This decrease follows a trend from Q3 2023 to Q4 2023 where the operating profit margin decreased before showing a slight increase in Q1 2024.
Compared to the same quarter a year ago (Q1 2023), the operating profit margin has remained relatively stable, with only a slight decrease. Looking at a longer trend, the operating profit margin has generally been in the range of 7.62% to 8.54% over the past eight quarters, indicating a consistent performance in terms of profitability.
Overall, HP Inc's operating profit margin seems to be holding steady within a narrow range, suggesting a level of stability in the company's operational efficiency and cost management. However, it would be important to monitor future quarters to identify any potential trends or underlying factors that may impact the operating profit margin.
Peer comparison
Jan 31, 2024