Timken Company (TKR)
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 | 657,100 | 664,900 | 647,000 | 622,200 | 606,900 | 566,000 | 558,600 | 534,700 | 513,100 | 525,800 | 520,500 | 483,900 | 454,900 | 449,600 | 458,500 | 488,200 | 516,400 | 527,300 | 508,100 | 488,300 |
| Revenue (ttm) | US$ in thousands | 4,692,900 | 4,683,700 | 4,685,600 | 4,577,000 | 4,444,200 | 4,369,500 | 4,274,900 | 4,187,100 | 4,087,600 | 3,972,000 | 3,827,800 | 3,564,800 | 3,459,700 | 3,464,200 | 3,481,700 | 3,677,800 | 3,736,200 | 3,750,100 | 3,723,100 | 3,638,000 |
| Operating profit margin | 14.00% | 14.20% | 13.81% | 13.59% | 13.66% | 12.95% | 13.07% | 12.77% | 12.55% | 13.24% | 13.60% | 13.57% | 13.15% | 12.98% | 13.17% | 13.27% | 13.82% | 14.06% | 13.65% | 13.42% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $657,100K ÷ $4,692,900K
= 14.00%
The operating profit margin of Timken Co. has shown a stable and slightly increasing trend over the past eight quarters. The margin has ranged from 12.77% in Q1 2022 to 14.98% in Q1 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue during this period. The consistency in the operating profit margin suggests that Timken Co. has been able to maintain profitability levels despite potential fluctuations in revenue or expenses. Overall, the increasing trend in the operating profit margin reflects the company's efficiency in generating profits from its core business operations.
Peer comparison
Dec 31, 2023