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)