Qorvo Inc (QRVO)

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	178,751	84,157	225,910	153,832	-9,933	-38,260	-10,612	48,600	295,263	645,841	829,125	1,115,151	1,233,212	1,251,733	1,111,017	906,627	715,713	569,579	460,702	423,216
Revenue (ttm)	US$ in thousands	3,790,486	3,948,029	4,005,009	3,769,502	3,461,217	3,130,638	3,185,208	3,569,404	4,102,861	4,473,540	4,570,730	4,645,720	4,552,290	4,533,160	4,338,200	4,015,301	3,730,343	3,504,586	3,250,994	3,239,141
Operating profit margin		4.72%	2.13%	5.64%	4.08%	-0.29%	-1.22%	-0.33%	1.36%	7.20%	14.44%	18.14%	24.00%	27.09%	27.61%	25.61%	22.58%	19.19%	16.25%	14.17%	13.07%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $178,751K ÷ $3,790,486K
= 4.72%

Qorvo Inc's operating profit margin has shown fluctuations over the observed periods. The margin has exhibited a generally increasing trend from March 31, 2020, to December 31, 2021, reaching its peak at 27.61% on September 30, 2021. However, during the subsequent periods, the operating profit margin experienced a decline, dropping to 7.20% on December 31, 2022.

From there, the operating profit margin continued to decline sharply, reaching negative values by March 31, 2023. This trend reversed in the following quarters, with the margin returning to positive territory and showing a recovery by December 31, 2024, at 4.72%.

Overall, the analysis suggests that there were fluctuations in Qorvo Inc's operating profit margin during the period, with a notable peak in 2021 followed by a decline and subsequent recovery by the end of 2024.