MaxLinear Inc (MXL)
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 | -223,352 | -223,922 | -174,997 | -140,114 | -38,221 | 44,683 | 114,449 | 159,393 | 180,243 | 168,419 | 140,257 | 103,454 | 65,245 | 12,253 | -46,108 | -71,087 | -101,139 | -85,410 | -54,169 | -34,361 |
| Revenue (ttm) | US$ in thousands | 360,528 | 393,714 | 448,142 | 540,090 | 693,263 | 858,496 | 1,008,696 | 1,104,767 | 1,120,252 | 1,077,555 | 1,021,599 | 946,966 | 892,398 | 839,225 | 766,084 | 625,928 | 478,596 | 353,898 | 277,285 | 294,572 |
| Operating profit margin | -61.95% | -56.87% | -39.05% | -25.94% | -5.51% | 5.20% | 11.35% | 14.43% | 16.09% | 15.63% | 13.73% | 10.92% | 7.31% | 1.46% | -6.02% | -11.36% | -21.13% | -24.13% | -19.54% | -11.66% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-223,352K ÷ $360,528K
= -61.95%
The operating profit margin of MaxLinear Inc experienced significant fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started in negative territory, with a low of -11.66% in March 2020, deteriorating further to -19.54% by June 2020, then reaching a low of -24.13% by September 2020.
However, there was a noticeable improvement in the following quarters, with the operating profit margin gradually increasing to positive territory. By September 2021, the company achieved a positive operating profit margin of 1.46%, which continued to improve reaching 16.09% by December 31, 2022.
Subsequently, the operating profit margin started to decline again, dropping to 5.20% in September 2023, and entering negative territory by December 31, 2023. The margin deteriorated significantly by the end of 2024, with a sharp decline to -61.95% by December 31, 2024.
The trend in the operating profit margin reflects the company's ability to control operating expenses and generate profits from its core business activities. The fluctuating margins indicate the company's performance may be impacted by various factors such as changes in revenue, costs, or operational efficiency. An in-depth analysis of the underlying causes of these fluctuations would provide further insights into the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024