Keurig Dr Pepper Inc (KDP)

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	3,192,000	2,922,000	2,420,000	2,223,000	2,605,000	2,657,000	3,058,000	3,220,000	2,894,000	2,869,000	2,827,000	2,654,000	2,480,000	2,493,000	2,320,000	2,346,000	2,378,000	2,212,000	1,977,000	1,557,000
Revenue (ttm)	US$ in thousands	14,303,000	14,206,000	14,054,000	13,647,000	13,249,000	13,493,000	13,211,000	13,017,000	12,737,000	11,774,000	11,512,000	11,201,000	11,024,000	10,824,000	10,664,000	10,601,000	10,457,000	10,315,000	10,308,000	9,509,000
Operating profit margin		22.32%	20.57%	17.22%	16.29%	19.66%	19.69%	23.15%	24.74%	22.72%	24.37%	24.56%	23.69%	22.50%	23.03%	21.76%	22.13%	22.74%	21.44%	19.18%	16.37%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,192,000K ÷ $14,303,000K
= 22.32%

Keurig Dr Pepper Inc's operating profit margin has exhibited fluctuations over the past eight quarters. The trend indicates a general variability in the company's ability to convert its revenue into operating profit. The operating profit margin ranged from a low of 18.32% in Q1 2023 to a high of 21.91% in Q1 2022, with the most recent figure at 21.39% in Q4 2023. This suggests that the company has been able to improve its efficiency in generating profit from its operations in the most recent quarter compared to the prior periods. However, the overall pattern shows some instability in the margin, which may necessitate further analysis to understand the underlying factors influencing these fluctuations. It is essential for stakeholders to monitor the company's operating profit margin closely to assess its operational performance and profitability sustainability.