Nordstrom Inc (JWN)
Operating profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,005,000 | 4,078,000 | 4,054,000 | 4,155,000 | 5,391,000 | 5,072,000 | 5,229,000 | 5,065,000 | 4,705,000 | 4,518,000 | 4,474,000 | 3,335,000 | 1,941,000 | 2,587,000 | 1,513,000 | 1,465,000 | 1,983,000 | 424,000 | 342,000 | 379,000 |
| Revenue (ttm) | US$ in thousands | 14,693,000 | 14,592,000 | 14,818,000 | 15,141,000 | 15,529,000 | 15,696,000 | 15,787,000 | 15,349,000 | 14,789,000 | 13,948,000 | 13,400,000 | 11,605,000 | 10,715,000 | 11,607,000 | 12,190,000 | 14,200,000 | 15,524,000 | 15,470,000 | 15,546,000 | 15,741,000 |
| Operating profit margin | 27.26% | 27.95% | 27.36% | 27.44% | 34.72% | 32.31% | 33.12% | 33.00% | 31.81% | 32.39% | 33.39% | 28.74% | 18.11% | 22.29% | 12.41% | 10.32% | 12.77% | 2.74% | 2.20% | 2.41% |
February 3, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,005,000K ÷ $14,693,000K
= 27.26%
The operating profit margin of Nordstrom Inc has shown variability over the past several quarters. From November 2019 to February 2020, the operating profit margin was relatively low, ranging between 2.20% and 2.74%. However, there was a significant improvement in the operating profit margin in the subsequent quarters, reaching a peak of 34.72% in January 2023.
Although there was a decline in the operating profit margin in the second quarter of 2023, it remained relatively stable above 27% until April 2023. The operating profit margin fluctuated slightly in the following quarters but generally stayed within the range of 27% to 33%.
It is crucial to note the dip in the operating profit margin in January 2021, where it dropped to 18.11% and then further decreased to 12.41% in May 2021. The company managed to improve the margin gradually, reaching 27.26% in February 2024.
Overall, the operating profit margin of Nordstrom Inc has displayed variability but has shown resilience in maintaining profitability levels above 27% in most quarters analyzed.
Peer comparison
Feb 3, 2024