International Business Machines (IBM)
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 | 8,632,000 | 7,319,000 | 7,939,000 | 8,110,000 | 7,528,000 | 7,005,000 | 7,398,000 | 7,612,000 | 5,231,000 | 5,521,000 | 5,448,000 | 6,062,000 | 1,149,000 | 1,746,000 | 1,563,000 | 334,000 | 8,382,000 | 7,896,000 | 7,725,000 | 9,486,000 |
| Revenue (ttm) | US$ in thousands | 64,365,000 | 61,563,000 | 62,070,000 | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 |
| Operating profit margin | 13.41% | 11.89% | 12.79% | 13.11% | 12.31% | 11.57% | 12.21% | 12.58% | 8.64% | 9.25% | 9.34% | 10.57% | 2.70% | 3.72% | 3.08% | 0.61% | 15.08% | 14.08% | 13.53% | 16.44% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $8,632,000K ÷ $64,365,000K
= 13.41%
The operating profit margin of International Business Machines showed fluctuations over the period from December 31, 2019, to December 31, 2024.
- During the first quarter of 2020, the operating profit margin declined to 13.53% from the initial level of 16.44% in December 2019, reflecting a decrease in profitability.
- Subsequently, there was a modest improvement in the operating profit margin in the second and third quarters of 2020, reaching 14.08% and 15.08%, respectively.
- However, there was a significant drop in the operating profit margin to 0.61% in the fourth quarter of 2020, indicating a sudden decline in profitability.
- The trend of recovery started in the first quarter of 2021, with the operating profit margin increasing to 3.08% and further to 3.72% in the second quarter of 2021.
- The operating profit margin remained relatively stable in the following quarters of 2021 and 2022, ranging between 2.70% and 12.58%.
- By the end of 2023, the operating profit margin saw a gradual increase, reaching 13.11% in December.
- The positive trend continued into the first quarter of 2024, with a margin of 12.79%, and by the third quarter of 2024, the operating profit margin stood at 11.89%.
- Finally, there was a notable improvement in the operating profit margin in the fourth quarter of 2024, rising to 13.41%, indicating an enhancement in profitability compared to the previous quarter.
Overall, despite some fluctuations, International Business Machines managed to maintain a relatively stable operating profit margin over the period under review, with signs of improvement towards the end of 2024.
Peer comparison
Dec 31, 2024
See also:
International Business Machines Operating Profit Margin (Quarterly Data)