International Business Machines (IBM)
Operating profit margin
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 9,744,000 | 10,712,000 | 11,398,000 |
| Revenue (ttm) | US$ in thousands | 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 | 77,132,000 | 77,860,000 | 78,702,000 |
| Operating profit margin | 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% | 12.63% | 13.76% | 14.48% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $8,110,000K ÷ $61,860,000K
= 13.11%
The operating profit margin of International Business Machines Corp. has been showing a gradual increase over the quarters analyzed. From Q1 2022 to Q4 2023, the operating profit margin has consistently improved, indicating efficient cost control and/or revenue growth within the company. This upward trend suggests that IBM has been able to effectively manage its operating expenses relative to its net sales, resulting in a higher proportion of revenue translating into operating profit. The highest operating profit margin recorded was in Q4 2023 at 13.78%, reflecting a positive trend in the company's operational efficiency and profitability. Moreover, the steady improvement in operating profit margin over the quarters may also indicate effective strategic decision-making and operational adjustments by IBM's management.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Operating Profit Margin (Quarterly Data)