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
The financial performance between 2005 and 2022 is characterized by consistent and substantial revenue growth contrasted with significant volatility in operating profit margins. While total revenue increased from $54.6 billion in 2005 to $238.6 billion in 2022, the ability to convert this revenue into operating profit has fluctuated considerably over the period.
- Revenue Growth Trends
- A sustained upward trajectory in revenue is observed throughout the analysis period. Growth was steady from 2005 to 2013, followed by a significant acceleration starting in 2014, where revenue jumped from approximately $88 billion to $119.6 billion in a single year, continuing its ascent to reach a peak of $238.6 billion in 2022.
- Operating Margin Stability and Peak (2005–2012)
- The initial period from 2005 to 2012 showed a general trend of margin expansion. The operating profit margin rose from 1.17% in 2005 to a peak of 1.58% in 2012, suggesting a period of increasing operational efficiency relative to revenue growth.
- Margin Compression and Volatility (2013–2019)
- Beginning in 2013, a period of margin erosion occurred. The operating profit margin declined sharply from 1.02% in 2013 to 0.31% in 2015. Despite a temporary recovery to 1.04% in 2016, margins remained under pressure through 2019, ending that year at 0.62%.
- Operational Anomaly of 2020
- A severe contraction in profitability is evident in 2020. Operating income fell to a loss of $5.1 billion, resulting in a negative operating profit margin of -2.70%. This represents the most significant deviation from the historical performance trend in the recorded data.
- Recovery and Stabilization (2021–2022)
- A rapid recovery followed the 2020 downturn. Operating income returned to positive territory, reaching $2.36 billion in both 2021 and 2022. Consequently, the operating profit margin rebounded to 1.10% in 2021 and settled at 0.99% in 2022, returning the company to profitability levels comparable to those seen in the early 2000s.
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Comparison to Competitors
AmerisourceBergen Corp., operating profit margin, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|
| Sep 30, 2022 | 0.99% | 19.16% | 25.35% | 18.15% | 8.83% |
| Sep 30, 2021 | 1.10% | 19.56% | 31.89% | 14.89% | 8.40% |
| Sep 30, 2020 | -2.70% | 15.48% | 24.09% | 16.57% | 8.76% |
| Sep 30, 2019 | 0.62% | 14.21% | 30.69% | 20.51% | 8.19% |
| Sep 30, 2018 | 0.86% | 11.94% | 32.21% | 22.20% | 7.71% |
| Sep 30, 2017 | 0.69% | 6.30% | 33.71% | 17.94% | 7.60% |
| Sep 30, 2016 | 1.04% | 15.27% | 34.95% | 18.35% | 7.03% |
| Sep 30, 2015 | 0.31% | 14.05% | 31.04% | 18.59% | 7.05% |
| Sep 30, 2014 | 0.65% | 12.84% | 25.56% | 22.42% | 7.92% |
| Sep 30, 2013 | 1.02% | 12.03% | 37.64% | 26.53% | 7.90% |
| Sep 30, 2012 | 1.58% | 20.28% | 40.30% | 0.00% | 8.42% |
| Sep 30, 2011 | 1.50% | 14.81% | 39.54% | 0.00% | 8.36% |
| Sep 30, 2010 | 1.42% | 17.31% | 39.29% | 0.00% | 8.41% |
| Sep 30, 2009 | 1.23% | 20.27% | 35.87% | 0.00% | 7.35% |
| Sep 30, 2008 | 1.18% | 19.28% | 35.53% | 0.00% | 6.54% |
| Sep 30, 2007 | 1.24% | 17.67% | 34.41% | 0.00% | 10.57% |
| Sep 30, 2006 | 1.22% | 9.09% | 28.81% | 0.00% | 9.88% |
| Sep 30, 2005 | 1.17% | 19.53% | 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).