Woodward Inc (WWD)
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 | -84,432 | -139,007 | -147,262 | -174,605 | -104,740 | -99,105 | -96,346 | -96,933 | -80,815 | -64,012 | 478,892 | 409,449 | 433,118 | 403,896 | 583,967 | 680,840 | 641,011 | 669,607 | 677,631 | 649,753 |
| Revenue (ttm) | US$ in thousands | 3,033,346 | 2,865,507 | 2,731,573 | 2,548,442 | 2,427,467 | 2,353,549 | 2,281,598 | 2,224,172 | 2,218,179 | 2,214,167 | 2,184,932 | 2,152,575 | 2,292,043 | 2,474,487 | 2,679,760 | 2,904,004 | 2,938,143 | 2,866,041 | 2,848,863 | 2,687,895 |
| Operating profit margin | -2.78% | -4.85% | -5.39% | -6.85% | -4.31% | -4.21% | -4.22% | -4.36% | -3.64% | -2.89% | 21.92% | 19.02% | 18.90% | 16.32% | 21.79% | 23.44% | 21.82% | 23.36% | 23.79% | 24.17% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-84,432K ÷ $3,033,346K
= -2.78%
Woodward Inc's operating profit margin has shown fluctuations over the past 8 quarters. In Q1 2024, the operating profit margin increased to 11.05%, marking a significant improvement from the previous quarter's 9.46% in Q4 2023. The company's operating profit margin had been gradually increasing from Q2 2023 to reach a peak of 8.64%, before a slight decline in Q4 2023.
Comparing the latest quarter's performance to the same period a year ago, there has been a clear improvement as Q1 2023 had a lower operating profit margin of 8.21%. The company had experienced a peak in Q3 2022 with an operating profit margin of 9.28%, followed by a gradual decline in the subsequent quarters.
Overall, Woodward Inc's operating profit margin has demonstrated some variability but appears to be on an upward trend in recent quarters, reflecting potential improvements in operational efficiency and cost management strategies.