ScanSource Inc (SCSC)
Operating profit margin
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 85,053 | 80,718 | 79,844 | 88,226 | 94,680 | 99,663 | 112,477 | 125,083 | 135,887 | 136,023 | 134,661 | 126,727 | 122,167 | 118,026 | 104,545 | 90,177 | 61,483 | -75,239 | -88,386 | -87,019 |
| Revenue (ttm) | US$ in thousands | 3,040,810 | 2,974,037 | 3,021,789 | 3,159,084 | 3,259,809 | 3,460,844 | 3,593,764 | 3,720,212 | 3,787,720 | 3,802,855 | 3,763,326 | 3,616,437 | 3,529,935 | 3,420,346 | 3,304,229 | 3,250,775 | 3,150,806 | 2,934,562 | 3,077,172 | 3,255,778 |
| Operating profit margin | 2.80% | 2.71% | 2.64% | 2.79% | 2.90% | 2.88% | 3.13% | 3.36% | 3.59% | 3.58% | 3.58% | 3.50% | 3.46% | 3.45% | 3.16% | 2.77% | 1.95% | -2.56% | -2.87% | -2.67% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $85,053K ÷ $3,040,810K
= 2.80%
The operating profit margin of ScanSource Inc. exhibits a notable trend over the analyzed period. Initially, the company reported negative margins of approximately -2.67% and -2.87% at the end of September and December 2020, respectively, indicating operating losses during this timeframe. The margin improved slightly to -2.56% in March 2021, suggesting a marginal reduction in operating losses.
A significant turnaround occurred in the fiscal year 2021 Q2, with the operating profit margin turning positive at 1.95% in June 2021. This shift reflects a transition from losses to profitability at the operational level. The positive trend continued through the remainder of 2021, with margins steadily increasing to 2.77% in September 2021 and further reaching 3.16% in December 2021.
Throughout 2022, the operating profit margin maintained an upward trajectory, moving from 3.45% in March 2022 to 3.58% in both December 2022 and March 2023, and slightly improving to approximately 3.59% by June 2023. This consistent maintenance of margins above 3.5% indicates operational stability and effective cost management during this period.
However, a marginal decline is observed towards the end of 2023, with the margin decreasing to 3.36% in September and further to 3.13% by December. The first half of 2024 shows a continuing downward trend, with margins at 2.88% in March, slightly rising to 2.90% in June, but then declining again to 2.79% in September and 2.64% in December 2024.
Projected figures for early 2025 indicate a modest recovery, with margins at 2.71% in March and 2.80% in June. Overall, the operating profit margin demonstrates a period of improvement from negative figures to positive, sustained profitability primarily during the fiscal years 2021 and 2022, followed by a gradual decline beginning in late 2023. The recent trend suggests prudent cost control has been challenged, leading to compression of operating margins in the most recent periods.
Peer comparison
Jun 30, 2025