Bio-Techne Corp (TECH)
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 | 242,803 | 171,937 | 200,227 | 190,812 | 206,687 | 255,389 | 268,602 | 298,489 | 298,944 | 284,992 | 295,228 | 289,685 | 296,590 | 284,599 | 262,778 | 251,425 | 237,295 | 208,024 | 187,189 | 173,186 |
| Revenue (ttm) | US$ in thousands | 1,219,634 | 1,208,768 | 1,196,015 | 1,171,582 | 1,159,059 | 1,154,281 | 1,144,999 | 1,143,982 | 1,136,702 | 1,123,611 | 1,119,841 | 1,117,536 | 1,105,600 | 1,076,399 | 1,029,575 | 984,552 | 931,032 | 847,838 | 798,966 | 759,647 |
| Operating profit margin | 19.91% | 14.22% | 16.74% | 16.29% | 17.83% | 22.13% | 23.46% | 26.09% | 26.30% | 25.36% | 26.36% | 25.92% | 26.83% | 26.44% | 25.52% | 25.54% | 25.49% | 24.54% | 23.43% | 22.80% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $242,803K ÷ $1,219,634K
= 19.91%
The operating profit margin of Bio-Techne Corp demonstrates a generally positive trend from September 2020 through the first quarter of 2024, with some fluctuations. Beginning at 22.80% in September 2020, it gradually increased over the subsequent quarters, reaching a peak of approximately 26.83% in June 2022. This indicates an improvement in operational efficiency and profitability during this period, suggesting the company was able to generate higher operating profit relative to revenue.
From mid-2022 onwards, the operating profit margin shows signs of decline. By September 2022, it had decreased slightly to 25.92%, and further dipped to 23.46% by December 2023. This downward trend continues into 2024, with margins falling to 22.13% in March 2024, then sharply declining to 17.83% in June 2024, and reaching a low of 16.29% in September 2024. The latest data point for December 2024 indicates a slight recovery to 16.74%. Such a decline may point to increased costs, pricing pressures, or other operational challenges impacting profit generation.
The forecast for the next reporting periods suggests a continued decrease, with margins estimated at 14.22% for March 2025. However, there is a notable rebound projected in June 2025 to approximately 19.91%, indicating potential improvements in operational efficiency or strategic adjustments.
Overall, the operating profit margin has exhibited a pattern of initial growth and stabilization, followed by a downward trend starting in late 2022 through 2024. The recent projections suggest some recovery potential, but the margins remain below the peak levels observed in 2022. This trend underscores the importance of ongoing operational and strategic considerations to sustain profitability.
Peer comparison
Jun 30, 2025