Trimble Inc (TRMB)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 460,700 | 494,400 | 510,900 | 561,000 | 419,800 |
| Revenue | US$ in thousands | 3,683,300 | 3,798,700 | 3,676,300 | 3,659,100 | 3,147,700 |
| Operating profit margin | 12.51% | 13.01% | 13.90% | 15.33% | 13.34% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $460,700K ÷ $3,683,300K
= 12.51%
The operating profit margin for Trimble Inc has shown some fluctuations over the past five years.
- As of December 31, 2020, Trimble Inc had an operating profit margin of 13.34%, indicating that the company generated 13.34 cents of profit from every dollar of sales.
- By December 31, 2021, the operating profit margin improved to 15.33%, suggesting enhanced efficiency in controlling operating expenses and increasing profitability.
- However, in the following year, by December 31, 2022, the operating profit margin declined slightly to 13.90%, possibly due to changes in cost structures or revenue dynamics.
- The trend continued in 2023, with the operating profit margin decreasing to 13.01%, indicating potential challenges in maintaining profitability levels.
- As of December 31, 2024, Trimble Inc's operating profit margin decreased further to 12.51%, signaling a continued downward trend in profitability.
Overall, Trimble Inc's operating profit margin has experienced fluctuations, with periods of improvement and decline. It is essential for the company to carefully manage its operating costs and revenue streams to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024