Super Micro Computer Inc (SMCI)

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	1,252,994	1,313,089	1,544,623	1,547,463	1,210,774	1,149,043	844,352	688,070	735,683	674,141	690,295	526,162	335,167	209,035	136,313	122,629	123,947	94,294	92,785	83,235
Revenue (ttm)	US$ in thousands	21,972,040	21,569,720	20,819,880	18,806,840	14,989,250	11,819,520	9,252,750	7,391,030	7,123,490	6,574,090	6,646,280	6,015,500	5,196,100	4,629,620	4,170,011	3,827,897	3,557,417	3,384,563	3,261,090	3,301,727
Operating profit margin		5.70%	6.09%	7.42%	8.23%	8.08%	9.72%	9.13%	9.31%	10.33%	10.25%	10.39%	8.75%	6.45%	4.52%	3.27%	3.20%	3.48%	2.79%	2.85%	2.52%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,252,994K ÷ $21,972,040K
= 5.70%

The operating profit margin of Super Micro Computer Inc. demonstrates a pattern of steady growth followed by a period of stabilization and minor fluctuations over the analyzed timeframe. Starting at 2.52% as of September 30, 2020, the margin exhibited gradual improvement through the subsequent quarters, reaching a peak of approximately 10.39% by December 31, 2022. This period marked a significant enhancement in profitability, indicating improved operational efficiency and cost management.

From early 2023 onward, the operating profit margin remained relatively stable, fluctuating slightly around the 9% to 10% range. Notably, it peaked again at 10.33% as of June 30, 2023, before experiencing a modest decline to 9.13% by December 2023. The margins exhibited continued minor declines into 2024, with the lowest point observed at 5.70% projected by June 2025.

This trend suggests that the company experienced consistent operational improvements over the initial years, likely driven by increased revenues, better cost control, or both. However, recent data indicates a contraction in operating profitability, possibly due to market or industry pressures, rising costs, or strategic shifts. The overall trajectory reflects a substantial improvement from the early 2020 lows, with a subsequent stabilization phase and a recent downtrend towards the mid-2020s.