Kyndryl Holdings Inc (KD)
Operating profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -112,000 | -467,000 | -640,000 | -781,000 | -891,000 | -1,180,000 | -1,568,000 |
| Revenue (ttm) | US$ in thousands | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,326,000 | 17,602,000 |
| Operating profit margin | -0.70% | -2.84% | -3.80% | -4.61% | -5.23% | -6.81% | -8.91% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-112,000K ÷ $16,052,000K
= -0.70%
Kyndryl Holdings Inc's operating profit margin has been showing signs of improvement over the past quarters. The operating profit margins have been progressively increasing from -8.91% in September 2022 to -0.70% in March 2024. This indicates that the company has been able to generate more operating profits relative to its revenues over time, reflecting better operational efficiency and cost management. However, it is important to note that the operating profit margins are still negative, suggesting that the company is yet to achieve positive profitability from its core operations. Continued monitoring of this trend will be essential to assess the company's ability to enhance profitability in the future.
Peer comparison
Mar 31, 2024