O-I Glass Inc (OI)
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 | 39,000 | -275,000 | -136,000 | -86,000 | 67,000 | 535,000 | 731,000 | 905,000 | 805,000 | 848,000 | 697,000 | 567,000 | 332,000 | 135,000 | 212,000 | 113,000 | 354,000 | -425,000 | -423,000 | -286,000 |
| Revenue (ttm) | US$ in thousands | 6,452,000 | 6,483,000 | 6,465,000 | 6,506,000 | 6,758,000 | 6,774,000 | 6,737,000 | 6,697,000 | 6,614,000 | 6,562,000 | 6,493,000 | 6,371,000 | 6,137,000 | 6,050,000 | 6,326,000 | 6,037,000 | 6,098,000 | 6,194,000 | 5,944,000 | 6,313,000 |
| Operating profit margin | 0.60% | -4.24% | -2.10% | -1.32% | 0.99% | 7.90% | 10.85% | 13.51% | 12.17% | 12.92% | 10.73% | 8.90% | 5.41% | 2.23% | 3.35% | 1.87% | 5.81% | -6.86% | -7.12% | -4.53% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $39,000K ÷ $6,452,000K
= 0.60%
O-I Glass Inc's operating profit margin has shown significant fluctuations over the reported periods. The margin started negative in March 2020 at -4.53% and worsened by June 2020 to -7.12%. In the subsequent quarters, the margins improved but remained negative, with percentages of -6.86% in September 2020 and -5.81% in December 2020.
However, there was a positive turn in March 2021 when the operating profit margin increased to 1.87%, indicating a potential shift in the company's profitability. This positive trend continued through the next quarters, reaching its peak in March 2024 at 13.51%.
Despite this peak, there was a decline in profitability in the following quarters, with margins dropping to -2.10% by June 2024 and further down to -4.24% by September 2024. Nevertheless, the company managed to bounce back by December 2024, achieving a positive margin of 0.60%.
These fluctuations in O-I Glass Inc's operating profit margin suggest variability in the company's operational efficiency and profitability over the analyzed period. It is essential for stakeholders to carefully monitor these trends to assess the company's financial health and performance.