Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Operating Profit Margin 
since 2005

Microsoft Excel

Calculation

Qualcomm Inc., operating profit margin, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).

1 US$ in millions


Operating Income Trends
The operating income experienced notable fluctuations over the observed periods. Starting at 2386 million USD in 2005, it generally increased, reaching peaks in 2011 (5026 million USD), 2014 (7550 million USD), and 2022 (15860 million USD). However, significant declines appeared in certain years, notably in 2017 (2614 million USD) and 2018 (742 million USD), indicating possible operational challenges. After the peak in 2022, a decrease occurred in 2023 (7788 million USD), followed by a moderate recovery in 2024 (10071 million USD).
Revenue Patterns
Revenues displayed a consistent upward trajectory throughout much of the timeframe, rising from 5673 million USD in 2005 to a maximum of 44200 million USD in 2022. Despite the general growth, some declines are visible, such as between 2013 and 2016, where revenues decreased from 24866 million USD to 22291 million USD. Similarly, a drop is evident after 2022, with revenues falling to 35820 million USD in 2023 before slightly rebounding to 38962 million USD in 2024.
Operating Profit Margin Analysis
The operating profit margin showed considerable variability. Initially high at 42.06% in 2005, it declined sharply to 21.37% in 2009, then recovered with intermittent oscillations. Margins remained around 30% in most years, except for steep drops in 2017 (11.73%) and 2018 (3.26%), reflecting significant profitability contractions during this period. Margins improved thereafter, peaking again at 35.88% in 2022, before retreating to levels around 20-25% in the subsequent years.
Overall Insights
The data indicates periods of strong growth intertwined with episodes of notable declines. Revenue growth has been more stable compared to operating income and margin fluctuations, suggesting factors affecting efficiency or costs impacted profitability more than top-line sales. The steep profit margin drops in 2017 and 2018 are particularly significant and warrant further investigation. Additionally, the peak performance in 2022 followed by reductions in 2023 may indicate external or internal challenges affecting recent financial results.

Comparison to Competitors

Qualcomm Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).