Moderna Inc (MRNA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -4,239,000 | -2,665,000 | 513,000 | 4,827,000 | 9,420,000 | 13,250,000 | 15,642,000 | 16,257,000 | 13,296,000 | 7,611,000 | 3,818,000 | 634,000 | -763,000 | -618,556 | -514,320 | -536,029 | -546,670 | -569,145 |
| Revenue (ttm) | US$ in thousands | 6,758,000 | 9,088,000 | 10,654,000 | 15,059,000 | 19,263,000 | 21,390,000 | 22,995,000 | 22,600,000 | 18,471,000 | 11,831,000 | 7,019,000 | 2,732,000 | 803,000 | 246,055 | 106,101 | 52,184 | 60,209 | 81,575 |
| Operating profit margin | -62.73% | -29.32% | 4.82% | 32.05% | 48.90% | 61.94% | 68.02% | 71.93% | 71.98% | 64.33% | 54.40% | 23.21% | -95.02% | -251.39% | -484.75% | -1,027.19% | -907.95% | -697.70% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-4,239,000K ÷ $6,758,000K
= -62.73%
Moderna Inc's operating profit margin has shown significant fluctuations over the past eight quarters. The company experienced a negative operating profit margin in Q4 2023 and Q3 2023, with margins of -61.90% and -29.22% respectively, indicating higher operating expenses compared to operating revenue during these periods.
The trend improved in Q2 2023 when Moderna Inc achieved a positive operating profit margin of 4.82%, indicating that the company was able to generate a profit from its core operations. This positive trend continued into Q1 2023, with a notably higher operating profit margin of 32.05%.
Looking back further, Moderna Inc had even stronger operating profit margins in the preceding quarters of Q4 2022, Q3 2022, Q2 2022, and Q1 2022, with margins ranging from 48.90% to 71.93%. These numbers suggest that the company was more efficient in managing its operating expenses and generating profits from its operations during that period.
Overall, it is essential for Moderna Inc to closely monitor and manage its operating expenses to ensure sustainable profitability and consistency in its operating profit margin performance.
Peer comparison
Dec 31, 2023