Innoviva Inc (INVA)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 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
Operating income (ttm)	US$ in thousands	173,378	167,764	208,364	163,865	185,791	173,013	107,359	179,726	209,724	289,504	359,363	373,349	375,103	355,363	345,240	324,491	321,123	309,975	286,338	270,307
Revenue (ttm)	US$ in thousands	365,623	363,089	340,840	318,478	313,895	290,426	290,424	317,652	331,339	373,216	403,821	396,407	391,866	374,662	365,494	343,634	336,794	322,289	299,350	284,511
Operating profit margin		47.42%	46.20%	61.13%	51.45%	59.19%	59.57%	36.97%	56.58%	63.30%	77.57%	88.99%	94.18%	95.72%	94.85%	94.46%	94.43%	95.35%	96.18%	95.65%	95.01%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $173,378K ÷ $365,623K
= 47.42%

Innoviva Inc's operating profit margin has shown fluctuations over the years based on the provided data. The operating profit margin, which is a key financial metric indicating the efficiency of a company in generating profit from its core operations, started strong at around 95% in the first quarters of 2020 and 2021.

However, there was a gradual decline observed in the following quarters, with a dip to around 88% in June 2022, and a more significant drop to 63% by the end of December 2022. This downward trend continued into 2023, with operating profit margins falling to 36% in June and then recovering slightly to 59% by the end of the year.

The trend continued in 2024, with operating profit margins fluctuating between 51% and 47%, indicating a level of volatility in the company's operating performance. It would be essential for Innoviva Inc to closely monitor and address the factors causing these fluctuations to ensure long-term profitability and sustainability in its core operations.