Materion Corporation (MTRN)
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 | 136,444 | 147,995 | 140,572 | 137,088 | 119,754 | 96,073 | 88,136 | 76,999 | 77,111 | 68,429 | 46,653 | 33,501 | 8,215 | 17,436 | 25,715 | 43,297 | 70,546 | 69,140 | 80,143 | 70,182 |
| Revenue (ttm) | US$ in thousands | 1,633,620 | 1,648,357 | 1,675,646 | 1,725,472 | 1,735,899 | 2,803,789 | 2,384,788 | 1,947,417 | 1,504,455 | 348,644 | 352,178 | 357,767 | 364,481 | 304,953 | 315,512 | 325,994 | 333,810 | 351,719 | 347,825 | 339,962 |
| Operating profit margin | 8.35% | 8.98% | 8.39% | 7.94% | 6.90% | 3.43% | 3.70% | 3.95% | 5.13% | 19.63% | 13.25% | 9.36% | 2.25% | 5.72% | 8.15% | 13.28% | 21.13% | 19.66% | 23.04% | 20.64% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $136,444K ÷ $1,633,620K
= 8.35%
The operating profit margin of Materion Corp has shown a consistent improvement over the past eight quarters. From Q1 2022 to Q4 2023, the operating profit margin has steadily increased from 4.86% to 8.41%. This indicates that the company has been able to effectively control its operating expenses and increase its profitability relative to its revenue.
The increasing trend in the operating profit margin suggests that Materion Corp has been successful in managing its costs and optimizing its operations. This improvement may be driven by various factors such as cost-cutting measures, operational efficiencies, pricing strategies, or increased sales volume.
Overall, the rising operating profit margin is a positive indicator of Materion Corp's financial performance and operational efficiency. It demonstrates the company's ability to generate profits from its core business activities and enhance shareholder value.