ITT Inc (ITT)
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 | 528,200 | 560,300 | 539,200 | 497,700 | 468,000 | 430,200 | 409,900 | 489,000 | 504,300 | 550,400 | 386,200 | 227,100 | 226,500 | 149,600 | 364,600 | 430,100 | 411,400 | 397,700 | 383,000 | 377,300 |
| Revenue (ttm) | US$ in thousands | 3,283,000 | 3,228,500 | 3,160,000 | 3,059,400 | 2,987,700 | 2,898,500 | 2,834,500 | 2,792,800 | 2,765,000 | 2,788,200 | 2,689,800 | 2,512,900 | 2,477,800 | 2,488,300 | 2,609,000 | 2,814,200 | 2,846,400 | 2,805,700 | 2,774,400 | 2,751,300 |
| Operating profit margin | 16.09% | 17.35% | 17.06% | 16.27% | 15.66% | 14.84% | 14.46% | 17.51% | 18.24% | 19.74% | 14.36% | 9.04% | 9.14% | 6.01% | 13.97% | 15.28% | 14.45% | 14.17% | 13.80% | 13.71% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $528,200K ÷ $3,283,000K
= 16.09%
ITT Inc's operating profit margin has shown a relatively stable trend over the past 8 quarters. The operating profit margin ranged from a low of 15.31% in Q4 2022 to a high of 17.72% in Q2 2022. In the most recent quarter, Q4 2023, the operating profit margin stood at 16.09%. This indicates that, on average, the company generates around 16% of revenue as operating profit.
Despite minor fluctuations, the operating profit margin has generally remained within a narrow range, suggesting consistent operational efficiency and cost management by ITT Inc. Factors affecting the margin may include changes in revenue, cost of goods sold, operating expenses, and other factors impacting profitability. It is vital for investors and stakeholders to monitor this metric closely to assess the company's ability to generate profits from its core operations.
Peer comparison
Dec 31, 2023