Qualcomm Incorporated (QCOM)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,764,000 | 7,232,000 | 8,615,000 | 10,542,000 | 11,772,000 | 12,936,000 | 12,861,000 | 11,158,000 | 9,986,000 | 9,042,000 | 9,204,000 | 8,022,000 | 6,728,000 | 5,198,000 | 2,744,000 | 4,048,000 | 4,243,000 | 4,386,000 | 3,367,000 | 2,420,000 |
| Revenue (ttm) | US$ in thousands | 36,292,000 | 35,820,000 | 38,584,000 | 41,069,000 | 42,958,000 | 44,200,000 | 42,141,000 | 39,265,000 | 36,036,000 | 33,566,000 | 32,576,000 | 29,409,000 | 26,690,000 | 23,532,000 | 20,000,000 | 24,742,000 | 24,508,000 | 24,273,000 | 25,237,000 | 21,179,000 |
| Net profit margin | 21.39% | 20.19% | 22.33% | 25.67% | 27.40% | 29.27% | 30.52% | 28.42% | 27.71% | 26.94% | 28.25% | 27.28% | 25.21% | 22.09% | 13.72% | 16.36% | 17.31% | 18.07% | 13.34% | 11.43% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $7,764,000K ÷ $36,292,000K
= 21.39%
The net profit margin of Qualcomm Incorporated has shown fluctuation over the past several quarters. The net profit margin is a measure of how much of each dollar in revenue translates to net income after all expenses are deducted.
In the most recent quarter, ending December 31, 2023, the net profit margin stood at 21.39%, indicating that Qualcomm converted 21.39% of its revenue into profit. This figure decreased slightly from the previous quarter but remained relatively strong.
Looking at the trend over the past 5 quarters, the net profit margin has generally been in the range of 20% to 30%, showing a healthy level of profitability. However, there have been fluctuations in the margin, with peaks and troughs observed over the quarters.
The average net profit margin over the past year was around 25%, suggesting that Qualcomm has been able to maintain a solid level of profitability. Investors and analysts typically view a higher net profit margin as a positive indicator of a company's efficiency in managing costs and generating profit from sales.
It is important to continue monitoring Qualcomm's net profit margin over time to assess its ongoing financial performance and efficiency in converting revenue into profit.
Peer comparison
Dec 31, 2023