Operating Profit Margin
since 2005
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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Calculation
Micron Technology Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | = | 100 | × | ÷ | |||
| Aug 31, 2023 | = | 100 | × | ÷ | |||
| Sep 1, 2022 | = | 100 | × | ÷ | |||
| Sep 2, 2021 | = | 100 | × | ÷ | |||
| Sep 3, 2020 | = | 100 | × | ÷ | |||
| Aug 29, 2019 | = | 100 | × | ÷ | |||
| Aug 30, 2018 | = | 100 | × | ÷ | |||
| Aug 31, 2017 | = | 100 | × | ÷ | |||
| Sep 1, 2016 | = | 100 | × | ÷ | |||
| Sep 3, 2015 | = | 100 | × | ÷ | |||
| Aug 28, 2014 | = | 100 | × | ÷ | |||
| Aug 29, 2013 | = | 100 | × | ÷ | |||
| Aug 30, 2012 | = | 100 | × | ÷ | |||
| Sep 1, 2011 | = | 100 | × | ÷ | |||
| Sep 2, 2010 | = | 100 | × | ÷ | |||
| Sep 3, 2009 | = | 100 | × | ÷ | |||
| Aug 28, 2008 | = | 100 | × | ÷ | |||
| Aug 30, 2007 | = | 100 | × | ÷ | |||
| Aug 31, 2006 | = | 100 | × | ÷ | |||
| Sep 1, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$ in millions
- Revenue Trends
- The revenue shows a fluctuating pattern over the periods. It increased steadily from 4,880 million in 2005 to a peak of 30,758 million in 2022. However, there is a sharp decline in revenue to 15,540 million in 2023, followed by a recovery to 25,111 million in 2024. The overall trend indicates growth with notable volatility in recent years.
- Operating Income (Loss) Trends
- Operating income exhibits significant volatility and swings between profitability and loss. Early periods show moderate profits, followed by substantial losses around 2007 to 2009. From 2010 onwards, operating income generally improves, reaching a notable peak of 14,994 million in 2018, but then declines sharply to a loss of 5,745 million in 2023 before rebounding to 1,304 million in 2024. This pattern suggests cyclical operational challenges and recovery phases.
- Operating Profit Margin Trends
- The operating profit margin closely follows the pattern of operating income, with early positive margins deteriorating into negative territory from 2007 through 2009, hitting lows around -35%. Profitability improves substantially post-2010, culminating in a high margin of 49.34% in 2018, highlighting periods of exceptional operational efficiency. Margins then decrease again, experiencing a sharp negative margin (-36.97%) in 2023 before recovering to 5.19% in 2024. This reflects the company's sensitivity to changes in operating income and revenue.
- Overall Insights
- The data reveals cyclical volatility in the company's financial performance characterized by periods of high profitability interspersed with significant losses. Revenue growth has been generally positive but interrupted by sharp declines, particularly in the most recent years, impacting operating income and margins substantially. The fluctuations in operating profit margin indicate varying cost management effectiveness and market conditions impacting profitability. The recovery in 2024 suggests potential stabilization after recent downturns.
Comparison to Competitors
Micron Technology Inc., operating profit margin, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | ||||||||||
| Aug 31, 2023 | ||||||||||
| Sep 1, 2022 | ||||||||||
| Sep 2, 2021 | ||||||||||
| Sep 3, 2020 | ||||||||||
| Aug 29, 2019 | ||||||||||
| Aug 30, 2018 | ||||||||||
| Aug 31, 2017 | ||||||||||
| Sep 1, 2016 | ||||||||||
| Sep 3, 2015 | ||||||||||
| Aug 28, 2014 | ||||||||||
| Aug 29, 2013 | ||||||||||
| Aug 30, 2012 | ||||||||||
| Sep 1, 2011 | ||||||||||
| Sep 2, 2010 | ||||||||||
| Sep 3, 2009 | ||||||||||
| Aug 28, 2008 | ||||||||||
| Aug 30, 2007 | ||||||||||
| Aug 31, 2006 | ||||||||||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).