Procter & Gamble Company (PG)
Operating profit margin
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 19,981,000 | 19,883,000 | 18,575,000 | 18,545,000 | 18,822,000 | 18,610,000 | 18,962,000 | 18,134,000 | 17,570,000 | 17,346,000 | 17,729,000 | 17,813,000 | 17,755,000 | 17,516,000 | 17,728,000 | 17,986,000 | 17,927,000 | 17,595,000 | 16,697,000 | 15,706,000 |
| Revenue (ttm) | US$ in thousands | 83,927,000 | 84,346,000 | 83,905,000 | 84,039,000 | 84,060,000 | 83,933,000 | 83,265,000 | 82,006,000 | 80,968,000 | 80,281,000 | 80,461,000 | 80,187,000 | 79,618,000 | 78,346,000 | 77,138,000 | 76,118,000 | 74,870,000 | 73,975,000 | 72,470,000 | 70,950,000 |
| Operating profit margin | 23.81% | 23.57% | 22.14% | 22.07% | 22.39% | 22.17% | 22.77% | 22.11% | 21.70% | 21.61% | 22.03% | 22.21% | 22.30% | 22.36% | 22.98% | 23.63% | 23.94% | 23.79% | 23.04% | 22.14% |
March 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $19,981,000K ÷ $83,927,000K
= 23.81%
The operating profit margin of Procter & Gamble has demonstrated a generally stable trajectory over the analyzed period, reflecting the company's consistent ability to generate operating income from its revenue streams. Starting from a low of 22.14% on June 30, 2020, the margin experienced a gradual upward trend, reaching a peak of approximately 23.79% by December 31, 2020. This increase indicates improved operational efficiency or pricing strategies during that period.
Subsequently, the margin exhibited minor fluctuations, with values hovering around the low-23% range, such as 23.94% in March 2021, then slightly decreasing to approximately 22.36% by December 2021. Throughout 2022 and into 2023, a slight downward trend was observed, with the margin declining from around 22.30% in March 2022 to approximately 21.61% by December 2022, suggesting potential margin compression or increased operational costs.
However, the margin trend reversed modestly in 2023, reaching about 22.77% by September 2023 before stabilizing near 22.17% at the end of 2023. The beginning of 2024 saw an uptick, with the margin rising to approximately 22.39% in March 2024, followed by a slight decrease and subsequent recovery to 23.57% in December 2024, which represents a significant improvement relative to prior periods.
As of March 2025, the operating profit margin stands at approximately 23.81%, marking the highest level in the recent timeline. Overall, the margin's fluctuations suggest that Procter & Gamble has maintained relatively stable operating profitability, with periodic improvements possibly driven by enhanced operational efficiency, product mix, or pricing strategies amid broader market and cost dynamics.
See also:
Procter & Gamble Company Operating Profit Margin (Quarterly Data)