Johnson & Johnson (JNJ)

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	24,116,000	23,374,000	23,033,000	22,541,000	27,173,000	17,073,000	17,380,000	17,395,000	18,757,000	17,753,000	17,580,000	15,468,000	14,729,000	24,986,000	25,273,000	26,636,000	24,374,000	23,284,000	23,058,000	31,829,000
Revenue (ttm)	US$ in thousands	88,632,000	87,176,000	85,962,000	84,760,000	87,282,000	91,851,000	95,224,000	94,514,000	93,356,000	91,027,000	88,747,000	83,766,000	82,174,000	80,742,000	80,385,000	82,573,000	81,826,000	81,473,000	80,897,000	81,248,000
Operating profit margin		27.21%	26.81%	26.79%	26.59%	31.13%	18.59%	18.25%	18.40%	20.09%	19.50%	19.81%	18.47%	17.92%	30.95%	31.44%	32.26%	29.79%	28.58%	28.50%	39.18%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $24,116,000K ÷ $88,632,000K
= 27.21%

Johnson & Johnson's operating profit margin has been relatively stable over the past eight quarters, ranging between 24.86% and 26.18%. The company has demonstrated consistency in generating operating profits relative to its revenue, with an average operating profit margin of approximately 25.65% during this period. This indicates that Johnson & Johnson has been effective in controlling its operating expenses and maximizing profitability from its core business operations. Additionally, the minor fluctuations in the operating profit margin suggest that the company has been able to maintain a strong financial performance despite any potential industry or economic challenges.