Motorola Solutions Inc (MSI)
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 | 2,294,000 | 2,247,000 | 1,981,000 | 1,821,000 | 1,661,000 | 1,519,000 | 1,597,000 | 1,609,000 | 1,668,000 | 1,674,000 | 1,575,000 | 1,423,000 | 1,384,000 | 1,419,000 | 1,480,000 | 1,611,000 | 1,581,000 | 1,507,000 | 1,388,000 | 1,312,000 |
| Revenue (ttm) | US$ in thousands | 9,774,000 | 9,633,000 | 9,442,000 | 9,183,000 | 8,868,000 | 8,500,000 | 8,243,000 | 8,074,000 | 7,942,000 | 7,944,000 | 7,699,000 | 7,352,000 | 7,282,000 | 7,386,000 | 7,496,000 | 7,707,000 | 7,641,000 | 7,518,000 | 7,469,000 | 7,464,000 |
| Operating profit margin | 23.47% | 23.33% | 20.98% | 19.83% | 18.73% | 17.87% | 19.37% | 19.93% | 21.00% | 21.07% | 20.46% | 19.36% | 19.01% | 19.21% | 19.74% | 20.90% | 20.69% | 20.05% | 18.58% | 17.58% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,294,000K ÷ $9,774,000K
= 23.47%
The operating profit margin of Motorola Solutions Inc has shown a steady improvement over the past eight quarters, with an increasing trend from Q1 2022 to Q4 2023. The company's operating profit margin has increased from 19.10% in Q4 2022 to 23.79% in Q4 2023, indicating an improvement in operational efficiency and cost management. This upward trajectory suggests that Motorola Solutions Inc has been successful in effectively controlling its operating expenses relative to its revenue, resulting in a higher percentage of operating profit generated from its core business activities. Overall, the consistent growth in operating profit margin reflects positively on the company's ability to drive profitability and create value for its stakeholders.
Peer comparison
Dec 31, 2023
See also:
Motorola Solutions Inc Operating Profit Margin (Quarterly Data)