Whirlpool Corporation (WHR)
Operating profit margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 143,000 | 691,000 | 683,000 | 856,000 | 1,015,000 | -829,000 | -865,000 | -1,474,000 | -1,056,000 | 870,000 | 1,201,000 | 2,190,000 | 2,347,000 | 2,569,000 | 2,580,000 | 1,968,000 | 1,613,000 | 1,321,000 | 1,451,000 | 1,571,000 |
| Revenue (ttm) | US$ in thousands | 16,254,000 | 17,298,000 | 18,058,000 | 18,799,000 | 18,998,000 | 17,159,000 | 17,116,000 | 17,137,000 | 17,721,000 | 20,158,000 | 20,845,000 | 21,538,000 | 21,915,000 | 21,939,000 | 21,757,000 | 20,351,000 | 19,321,000 | 18,905,000 | 19,220,000 | 20,282,000 |
| Operating profit margin | 0.88% | 3.99% | 3.78% | 4.55% | 5.34% | -4.83% | -5.05% | -8.60% | -5.96% | 4.32% | 5.76% | 10.17% | 10.71% | 11.71% | 11.86% | 9.67% | 8.35% | 6.99% | 7.55% | 7.75% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $143,000K ÷ $16,254,000K
= 0.88%
The operating profit margin of Whirlpool Corporation has displayed fluctuations over the period analyzed. It stood at 7.75% as of March 31, 2020, showing a slight decrease to 7.55% by June 30, 2020. The margin further declined to 6.99% on September 30, 2020 before picking up and reaching 8.35% by the end of December 31, 2020.
Subsequently, a notable improvement was observed in the operating profit margin throughout the first half of 2021, with figures consistently rising from 9.67% on March 31, 2021 to 11.86% on June 30, 2021. The margin remained strong in the third quarter of 2021, recording 11.71%, and slightly decreased to 10.71% by the end of December 31, 2021.
There was a slight decline witnessed in the operating profit margin in the first half of 2022, as it dropped to 10.17% by March 31, 2022. However, a more significant decrease occurred in the subsequent quarters, with margins falling to 5.76% on June 30, 2022 and further declining to 4.32% by September 30, 2022.
A concerning trend was observed in the operating profit margin towards the end of 2022 and the beginning of 2023, where the margin turned negative, reaching a low of -8.60% on March 31, 2023. The margin improved slightly in the following quarters, with values of -5.05% on June 30, 2023 and -4.83% on September 30, 2023.
A significant recovery was noted by the end of December 31, 2023, with the operating profit margin returning to positive territory at 5.34%. However, the margin exhibited a downward trend in the first half of 2024, decreasing to 4.55% by March 31, 2024 and further declining to 3.78% by June 30, 2024. The trend continued into the third quarter of 2024, with the margin slightly increasing to 3.99% by September 30, 2024, and a minimal improvement to 0.88% by the end of December 31, 2024.
Overall, the operating profit margin of Whirlpool Corporation demonstrated fluctuations and profitability challenges throughout the analyzed period, reflecting the company's varying operational efficiency and financial performance.
Peer comparison
Dec 31, 2024