Operating Profit Margin
since 2005
Calculation
Mondelēz International Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Net revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 17.41% | = | 100 | × | 6,345) | ÷ | 36,441) |
| Dec 31, 2023 | 15.28% | = | 100 | × | 5,502) | ÷ | 36,016) |
| Dec 31, 2022 | 11.22% | = | 100 | × | 3,534) | ÷ | 31,496) |
| Dec 31, 2021 | 16.20% | = | 100 | × | 4,653) | ÷ | 28,720) |
| Dec 31, 2020 | 14.50% | = | 100 | × | 3,853) | ÷ | 26,581) |
| Dec 31, 2019 | 14.86% | = | 100 | × | 3,843) | ÷ | 25,868) |
| Dec 31, 2018 | 12.77% | = | 100 | × | 3,312) | ÷ | 25,938) |
| Dec 31, 2017 | 13.54% | = | 100 | × | 3,506) | ÷ | 25,896) |
| Dec 31, 2016 | 9.91% | = | 100 | × | 2,569) | ÷ | 25,923) |
| Dec 31, 2015 | 30.02% | = | 100 | × | 8,897) | ÷ | 29,636) |
| Dec 31, 2014 | 9.47% | = | 100 | × | 3,242) | ÷ | 34,244) |
| Dec 31, 2013 | 11.25% | = | 100 | × | 3,971) | ÷ | 35,299) |
| Dec 31, 2012 | 10.39% | = | 100 | × | 3,637) | ÷ | 35,015) |
| Dec 31, 2011 | 12.25% | = | 100 | × | 6,657) | ÷ | 54,365) |
| Dec 31, 2010 | 11.51% | = | 100 | × | 5,666) | ÷ | 49,207) |
| Dec 31, 2009 | 13.68% | = | 100 | × | 5,524) | ÷ | 40,386) |
| Dec 31, 2008 | 9.04% | = | 100 | × | 3,817) | ÷ | 42,201) |
| Dec 31, 2007 | 11.63% | = | 100 | × | 4,331) | ÷ | 37,241) |
| Dec 31, 2006 | 13.17% | = | 100 | × | 4,526) | ÷ | 34,356) |
| Dec 31, 2005 | 13.93% | = | 100 | × | 4,752) | ÷ | 34,113) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Operating Income
- Operating income exhibited considerable fluctuation over the observed period. It started at $4,752 million in 2005, followed by a gradual decline through 2008, reaching a low of $3,817 million. Subsequently, there was a notable recovery, peaking at $6,657 million in 2011 before sharply declining again in 2012 to $3,637 million. This trend of volatility continued, with some years experiencing pronounced increases, such as the jump to $8,897 million in 2015, while other years saw substantial decreases, most notably in 2016. In the most recent years, operating income demonstrated an upward trajectory, with values increasing from $3,534 million in 2022 to $6,345 million in 2024, indicating improved operational profitability.
- Net Revenues
- Net revenues showed a generally upward trend with some periods of decline. Starting at $34,113 million in 2005, revenues peaked at $54,365 million in 2011. After this peak, a marked contraction occurred, with revenues dropping to $25,923 million by 2016. This downturn was followed by a phase of stabilization and slight growth, with net revenues increasing steadily from 2017 onwards. By 2024, revenues reached $36,441 million, nearing the levels observed at the beginning of the period. The fluctuations indicate periods of both expansion and contraction in sales volumes or pricing power.
- Operating Profit Margin
- The operating profit margin experienced significant variability throughout the years. Initially, the margin was relatively strong at 13.93% in 2005, but it declined to a low of 9.04% in 2008. After a recovered margin of 12.25% in 2011, the ratio again diminished during the following years, bottoming around 9.47% in 2014. A remarkable spike in the operating margin occurred in 2015, reaching 30.02%, though this appears to be an outlier rather than part of a sustained trend. Thereafter, the margin fluctuated, with gradual improvements reaching 17.41% by 2024, suggesting enhanced efficiency or a more favorable product mix in recent years.
- Overall Insights
- The financial data indicates that the company has faced periods of volatility in income and revenues, with significant fluctuations in operating income and profit margins. Revenues experienced strong growth until 2011, followed by contraction and a gradual recovery starting 2017. The operating profit margin mirrored these shifts but showed signs of improvement in the most recent years, reflecting better cost management or operational leverage. The spike in operating profit margin in 2015 stands out and may warrant further investigation to understand its cause. The recent upward trends in both operating income and profit margin suggest strengthening profitability despite a moderate net revenue increase.
Comparison to Competitors
Mondelēz International Inc., operating profit margin, long-term trends, comparison to competitors
| Mondelēz International Inc. | Coca-Cola Co. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Dec 31, 2024 | 17.41% | 21.23% | 14.03% | 35.38% |
| Dec 31, 2023 | 15.28% | 24.72% | 13.10% | 32.85% |
| Dec 31, 2022 | 11.22% | 25.37% | 13.33% | 38.56% |
| Dec 31, 2021 | 16.20% | 26.67% | 14.04% | 41.32% |
| Dec 31, 2020 | 14.50% | 27.25% | 14.32% | 40.66% |
| Dec 31, 2019 | 14.86% | 27.06% | 15.32% | 35.33% |
| Dec 31, 2018 | 12.77% | 27.31% | 15.64% | 38.40% |
| Dec 31, 2017 | 13.54% | 21.18% | 16.54% | 40.01% |
| Dec 31, 2016 | 9.91% | 20.61% | 15.58% | 40.53% |
| Dec 31, 2015 | 30.02% | 19.70% | 13.25% | 39.65% |
| Dec 31, 2014 | 9.47% | 21.11% | 14.37% | 39.31% |
| Dec 31, 2013 | 11.25% | 21.83% | 14.61% | 43.29% |
| Dec 31, 2012 | 10.39% | 22.45% | 13.91% | 44.18% |
| Dec 31, 2011 | 12.25% | 21.82% | 14.48% | 42.90% |
| Dec 31, 2010 | 11.51% | 24.06% | 14.41% | 41.16% |
| Dec 31, 2009 | 13.68% | 26.56% | 18.61% | 40.10% |
| Dec 31, 2008 | 9.04% | 26.44% | 16.03% | 39.87% |
| Dec 31, 2007 | 11.63% | 25.13% | 18.16% | — |
| Dec 31, 2006 | 13.17% | 26.19% | 18.33% | — |
| Dec 31, 2005 | 13.93% | 26.34% | 18.19% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).