Operating Profit Margin
since 2005
Calculation
Becton, Dickinson & Co., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2021 | 13.82% | = | 100 | × | 2,799) | ÷ | 20,248) |
| Sep 30, 2020 | 8.67% | = | 100 | × | 1,484) | ÷ | 17,117) |
| Sep 30, 2019 | 10.18% | = | 100 | × | 1,760) | ÷ | 17,290) |
| Sep 30, 2018 | 9.37% | = | 100 | × | 1,497) | ÷ | 15,983) |
| Sep 30, 2017 | 12.22% | = | 100 | × | 1,478) | ÷ | 12,093) |
| Sep 30, 2016 | 11.46% | = | 100 | × | 1,430) | ÷ | 12,483) |
| Sep 30, 2015 | 10.45% | = | 100 | × | 1,074) | ÷ | 10,282) |
| Sep 30, 2014 | 19.01% | = | 100 | × | 1,606) | ÷ | 8,446) |
| Sep 30, 2013 | 15.57% | = | 100 | × | 1,254) | ÷ | 8,054) |
| Sep 30, 2012 | 20.21% | = | 100 | × | 1,558) | ÷ | 7,708) |
| Sep 30, 2011 | 22.52% | = | 100 | × | 1,763) | ÷ | 7,829) |
| Sep 30, 2010 | 22.74% | = | 100 | × | 1,677) | ÷ | 7,372) |
| Sep 30, 2009 | 23.05% | = | 100 | × | 1,650) | ÷ | 7,161) |
| Sep 30, 2008 | 21.69% | = | 100 | × | 1,552) | ÷ | 7,156) |
| Sep 30, 2007 | 18.92% | = | 100 | × | 1,203) | ÷ | 6,360) |
| Sep 30, 2006 | 18.00% | = | 100 | × | 1,050) | ÷ | 5,835) |
| Sep 30, 2005 | 19.04% | = | 100 | × | 1,031) | ÷ | 5,415) |
Based on: 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 millions
- Operating Income
- The operating income exhibited a general upward trend over the period analyzed, increasing from 1,031 million USD in 2005 to 2,799 million USD in 2021. Notably, there were fluctuations within this trend, with peaks occurring in 2008 (1,552 million USD) and 2013 (1,254 million USD). A significant surge appears in the final year, 2021, indicating enhanced operational efficiency or increased profitability.
- Revenues
- Revenues showed consistent growth throughout the years, starting from 5,415 million USD in 2005 and reaching 20,248 million USD by 2021. The rise was steady with occasional moderate slowdowns, such as between 2013 and 2017, where growth rates varied but overall maintained an upward trajectory. This steady increase underscores the company's expanding market presence or product sales over time.
- Operating Profit Margin
- The operating profit margin fluctuated significantly during the period. Initially, it was robust, rising from 19.04% in 2005 to a peak of 23.05% in 2009, reflecting strong cost management or favorable market conditions. However, from 2010 onwards, the margin generally declined, reaching a low of 8.67% in 2020 before rebounding somewhat to 13.82% in 2021. This decline suggests rising costs, pricing pressures, or changes in the business mix impacting profitability despite growing revenues.
- Overall Analysis
- The data indicate that while revenues and operating income generally increased over the years, the operating profit margin displayed volatility with a clear downward trend after 2009. The decoupling of margin performance from revenue growth may reflect challenges in maintaining cost efficiency or competitive pressures affecting profitability. The significant improvement in operating income and margin in 2021 might signal strategic adjustments or market recovery leading to better financial performance.
Comparison to Competitors
Becton, Dickinson & Co., operating profit margin, long-term trends, comparison to competitors
| Becton, Dickinson & Co. | Abbott Laboratories | CVS Health Corp. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Sep 30, 2021 | 13.82% | 19.56% | 4.54% | 31.89% | 14.89% | 8.40% |
| Sep 30, 2020 | 8.67% | 15.48% | 5.19% | 24.09% | 16.57% | 8.76% |
| Sep 30, 2019 | 10.18% | 14.21% | 4.69% | 30.69% | 20.51% | 8.19% |
| Sep 30, 2018 | 9.37% | 11.94% | 2.07% | 32.21% | 22.20% | 7.71% |
| Sep 30, 2017 | 12.22% | 6.30% | 5.15% | 33.71% | 17.94% | 7.60% |
| Sep 30, 2016 | 11.46% | 15.27% | 5.84% | 34.95% | 18.35% | 7.03% |
| Sep 30, 2015 | 10.45% | 14.05% | 6.18% | 31.04% | 18.59% | 7.05% |
| Sep 30, 2014 | 19.01% | 12.84% | 6.31% | 25.56% | 22.42% | 7.92% |
| Sep 30, 2013 | 15.57% | 12.03% | 6.34% | 37.64% | 26.53% | 7.90% |
| Sep 30, 2012 | 20.21% | 20.28% | 5.87% | 40.30% | 0.00% | 8.42% |
| Sep 30, 2011 | 22.52% | 14.81% | 5.91% | 39.54% | 0.00% | 8.36% |
| Sep 30, 2010 | 22.74% | 17.31% | 6.39% | 39.29% | 0.00% | 8.41% |
| Sep 30, 2009 | 23.05% | 20.27% | 6.52% | 35.87% | 0.00% | 7.35% |
| Sep 30, 2008 | 21.69% | 19.28% | 6.91% | 35.53% | 0.00% | 6.54% |
| Sep 30, 2007 | 18.92% | 17.67% | 6.28% | 34.41% | 0.00% | 10.57% |
| Sep 30, 2006 | 18.00% | 9.09% | 5.57% | 28.81% | 0.00% | 9.88% |
| Sep 30, 2005 | 19.04% | 19.53% | 5.46% | 30.25% | 0.00% | 11.98% |
Based on: 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).