Operating Profit Margin
since 2005
Calculation
AmerisourceBergen Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2022 | 0.99% | = | 100 | × | 2,366,378) | ÷ | 238,587,006) |
| Sep 30, 2021 | 1.10% | = | 100 | × | 2,354,197) | ÷ | 213,988,843) |
| Sep 30, 2020 | -2.70% | = | 100 | × | (5,135,354) | ÷ | 189,893,926) |
| Sep 30, 2019 | 0.62% | = | 100 | × | 1,111,923) | ÷ | 179,589,121) |
| Sep 30, 2018 | 0.86% | = | 100 | × | 1,443,685) | ÷ | 167,939,635) |
| Sep 30, 2017 | 0.69% | = | 100 | × | 1,060,342) | ÷ | 153,143,826) |
| Sep 30, 2016 | 1.04% | = | 100 | × | 1,525,774) | ÷ | 146,849,686) |
| Sep 30, 2015 | 0.31% | = | 100 | × | 417,370) | ÷ | 135,961,803) |
| Sep 30, 2014 | 0.65% | = | 100 | × | 778,884) | ÷ | 119,569,127) |
| Sep 30, 2013 | 1.02% | = | 100 | × | 898,399) | ÷ | 87,959,167) |
| Sep 30, 2012 | 1.58% | = | 100 | × | 1,252,728) | ÷ | 79,489,596) |
| Sep 30, 2011 | 1.50% | = | 100 | × | 1,202,745) | ÷ | 80,217,558) |
| Sep 30, 2010 | 1.42% | = | 100 | × | 1,103,635) | ÷ | 77,953,979) |
| Sep 30, 2009 | 1.23% | = | 100 | × | 883,749) | ÷ | 71,759,990) |
| Sep 30, 2008 | 1.18% | = | 100 | × | 827,861) | ÷ | 70,189,733) |
| Sep 30, 2007 | 1.24% | = | 100 | × | 820,342) | ÷ | 66,074,312) |
| Sep 30, 2006 | 1.22% | = | 100 | × | 748,706) | ÷ | 61,203,145) |
| Sep 30, 2005 | 1.17% | = | 100 | × | 636,946) | ÷ | 54,577,321) |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
- Revenue Trend
- Revenue exhibited a consistent upward trajectory over the analyzed period, increasing from approximately $54.6 billion in 2005 to $238.6 billion by 2022. The growth was steady with some fluctuations in annual increments, reflecting overall expansion in the company's sales volume or pricing power. Notably, revenue experienced substantial gains from 2013 onward, crossing the $100 billion mark and continuing to grow robustly through 2022.
- Operating Income Trend
- Operating income generally increased from 2005 to 2012, reaching a peak near $1.25 billion. However, there was a marked decline starting in 2013, with operating income dropping sharply and showing significant volatility, including a pronounced negative value in 2020. Following this downturn, operating income rebounded to positive territory in 2021 and 2022, reaching just over $2.3 billion. This pattern indicates periods of financial challenges or increased operational costs during the middle of the timeframe, followed by recovery in recent years.
- Operating Profit Margin Pattern
- The operating profit margin was relatively stable between 2005 and 2012, fluctuating slightly around the 1.1% to 1.6% range, indicating consistent profitability relative to revenue. Beginning in 2013, the margin declined significantly, reaching as low as 0.31% in 2015 and even turning negative to -2.7% in 2020. Subsequent years saw a partial recovery, with margins returning to near 1% by 2022. This indicates episodes of reduced operational efficiency or increased expenses, followed by efforts to restore profitability.
- Overall Insights
- The company's revenue growth has been strong and sustained, suggesting successful market penetration or expansion. Despite this, operating income and margins have experienced considerable volatility, with a notable dip around 2013–2020 that significantly impacted profitability. The negative operating income in 2020 is a key point reflecting possible extraordinary costs or operational disruptions. Recovery in the last two years points to improved cost control or operational efficiency. The disconnection between revenue growth and operating profitability during the middle period suggests challenges in managing expenses or pricing pressures despite growing sales.
Comparison to Competitors
AmerisourceBergen Corp., operating profit margin, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | CVS Health Corp. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Sep 30, 2022 | 0.99% | 19.16% | 2.41% | 25.35% | 18.15% | 8.83% |
| Sep 30, 2021 | 1.10% | 19.56% | 4.54% | 31.89% | 14.89% | 8.40% |
| Sep 30, 2020 | -2.70% | 15.48% | 5.19% | 24.09% | 16.57% | 8.76% |
| Sep 30, 2019 | 0.62% | 14.21% | 4.69% | 30.69% | 20.51% | 8.19% |
| Sep 30, 2018 | 0.86% | 11.94% | 2.07% | 32.21% | 22.20% | 7.71% |
| Sep 30, 2017 | 0.69% | 6.30% | 5.15% | 33.71% | 17.94% | 7.60% |
| Sep 30, 2016 | 1.04% | 15.27% | 5.84% | 34.95% | 18.35% | 7.03% |
| Sep 30, 2015 | 0.31% | 14.05% | 6.18% | 31.04% | 18.59% | 7.05% |
| Sep 30, 2014 | 0.65% | 12.84% | 6.31% | 25.56% | 22.42% | 7.92% |
| Sep 30, 2013 | 1.02% | 12.03% | 6.34% | 37.64% | 26.53% | 7.90% |
| Sep 30, 2012 | 1.58% | 20.28% | 5.87% | 40.30% | 0.00% | 8.42% |
| Sep 30, 2011 | 1.50% | 14.81% | 5.91% | 39.54% | 0.00% | 8.36% |
| Sep 30, 2010 | 1.42% | 17.31% | 6.39% | 39.29% | 0.00% | 8.41% |
| Sep 30, 2009 | 1.23% | 20.27% | 6.52% | 35.87% | 0.00% | 7.35% |
| Sep 30, 2008 | 1.18% | 19.28% | 6.91% | 35.53% | 0.00% | 6.54% |
| Sep 30, 2007 | 1.24% | 17.67% | 6.28% | 34.41% | 0.00% | 10.57% |
| Sep 30, 2006 | 1.22% | 9.09% | 5.57% | 28.81% | 0.00% | 9.88% |
| Sep 30, 2005 | 1.17% | 19.53% | 5.46% | 30.25% | 0.00% | 11.98% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).