Terex Corporation (TEX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 636,500 | 641,600 | 599,200 | 493,200 | 420,000 | 369,000 | 322,400 | 341,000 | 328,000 | 289,800 | 252,100 | 137,000 | 68,400 | 59,700 | 109,600 | 228,200 | 335,000 | 393,700 | 411,500 | 417,900 |
| Revenue (ttm) | US$ in thousands | 5,151,500 | 5,146,500 | 4,976,900 | 4,650,900 | 4,417,700 | 4,190,200 | 4,063,500 | 4,025,100 | 3,886,800 | 3,683,400 | 3,455,200 | 3,107,000 | 3,076,400 | 3,174,700 | 3,433,700 | 4,050,100 | 4,353,100 | 4,093,400 | 4,297,300 | 4,243,400 |
| Operating profit margin | 12.36% | 12.47% | 12.04% | 10.60% | 9.51% | 8.81% | 7.93% | 8.47% | 8.44% | 7.87% | 7.30% | 4.41% | 2.22% | 1.88% | 3.19% | 5.63% | 7.70% | 9.62% | 9.58% | 9.85% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $636,500K ÷ $5,151,500K
= 12.36%
Terex Corp.'s operating profit margin has displayed a steady improvement over the past eight quarters. The margin has consistently increased from 8.47% in Q1 2022 to 12.36% in Q4 2023. This upward trend indicates the company's ability to efficiently control its operating expenses and generate stronger profits from its core business activities. The average operating profit margin over these quarters stands at 10.61%, highlighting a positive overall performance in terms of profitability. The company's consistent focus on enhancing operational efficiency and cost management strategies is reflected in the sustained growth of its operating profit margin. Such a trend may signify a healthy financial position and effective management practices within Terex Corp.