ON Semiconductor Corporation (ON)
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 | 2,538,700 | 2,630,900 | 2,368,400 | 2,277,700 | 2,360,000 | 2,136,000 | 2,110,700 | 1,808,900 | 1,287,600 | 975,300 | 695,100 | 456,000 | 348,700 | 319,600 | 156,700 | 271,900 | 432,700 | 516,500 | 802,000 | 840,900 |
Revenue (ttm) | US$ in thousands | 8,253,000 | 8,338,500 | 8,350,300 | 8,340,900 | 8,326,200 | 8,068,700 | 7,618,200 | 7,203,100 | 6,739,800 | 6,340,000 | 5,915,200 | 5,458,800 | 5,255,000 | 5,210,500 | 5,275,000 | 5,409,200 | 5,517,900 | 5,619,200 | 5,779,100 | 5,887,300 |
Operating profit margin | 30.76% | 31.55% | 28.36% | 27.31% | 28.34% | 26.47% | 27.71% | 25.11% | 19.10% | 15.38% | 11.75% | 8.35% | 6.64% | 6.13% | 2.97% | 5.03% | 7.84% | 9.19% | 13.88% | 14.28% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,538,700K ÷ $8,253,000K
= 30.76%
The operating profit margin of ON Semiconductor Corp. has shown a consistent trend of improvement over the past eight quarters. The margin was notably higher in the most recent quarter, at 31.67%, compared to the previous quarter's 32.22% and continued to increase steadily in the preceding quarters.
The company's operating profit margin peaked at 33.20% in Q4 2022 and has generally been on an upward trajectory since then. This indicates that ON Semiconductor Corp. has been effectively managing its operating expenses relative to its revenue generation. The ability to maintain a high operating profit margin suggests efficiency in cost management, pricing strategies, and operational performance, which bodes well for the company's overall financial health and profitability.
It is worth noting the slight dip in Q1 2022, with an operating profit margin of 25.33%, which was the lowest level observed in the provided data. However, the company quickly recovered from this dip and has since demonstrated a consistent and positive trend in improving its operating profit margin.
Peer comparison
Dec 31, 2023
See also:
ON Semiconductor Corporation Operating Profit Margin (Quarterly Data)