Keurig Dr Pepper Inc (KDP)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	2,591,000	3,471,000	3,465,000	3,373,000	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
Revenue (ttm)	US$ in thousands	15,293,000	14,562,000	14,344,000	14,243,000	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
Operating profit margin		16.94%	23.84%	24.16%	23.68%	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%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,591,000K ÷ $15,293,000K
= 16.94%

Keurig Dr Pepper Inc's operating profit margin has displayed fluctuations over the periods from March 31, 2020, to December 31, 2024. The margin started at 22.13% in March 2020, then slightly decreased to 21.76% in June 2020 before increasing to 23.03% in September 2020. It remained relatively stable around the mid-20% range for the next few quarters, with peaks at 24.74% in March 2022 and 24.56% in June 2021.

However, in the latter part of 2022 and going into 2023, there was a noticeable decline in the operating profit margin, dropping to as low as 16.29% in March 2023. The margin gradually improved thereafter, reaching 22.32% by December 31, 2023, before seeing a significant increase to 24.16% in June 2024.

Despite this improvement, there was a sharp decline in the operating profit margin to 16.94% by December 31, 2024. The variations in the operating profit margin indicate fluctuations in the company's ability to generate profits from its core operations relative to its revenue during the periods analyzed.