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Operating Margin % is calculated as Operating Income divided by its Revenue. Fresh Del Monte Produce's Operating Income for the three months ended in Mar. 2024 was $32 Mil. Fresh Del Monte Produce's Revenue for the three months ended in Mar. 2024 was $1,108 Mil. Therefore, Fresh Del Monte Produce's Operating Margin % for the quarter that ended in Mar. 2024 was 2.85%.
Good Sign:
Fresh Del Monte Produce Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Fresh Del Monte Produce's Operating Margin % or its related term are showing as below:
Fresh Del Monte Produce's 5-Year Average Operating Margin % Growth Rate was 16.50% per year.
Fresh Del Monte Produce's Operating Income for the three months ended in Mar. 2024 was $32 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $146 Mil.
The historical data trend for Fresh Del Monte Produce's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fresh Del Monte Produce Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Operating Margin % | Get a 7-Day Free Trial | 2.34 | 1.30 | 2.61 | 3.45 | 3.80 |
Fresh Del Monte Produce Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Operating Margin % | Get a 7-Day Free Trial | 4.38 | 5.93 | 2.62 | 1.82 | 2.85 |
For the Farm Products subindustry, Fresh Del Monte Produce's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fresh Del Monte Produce's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Fresh Del Monte Produce's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Fresh Del Monte Produce's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as
Operating Margin % | = | Operating Income (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 164 | / | 4320.7 | |
= | 3.80 % |
Fresh Del Monte Produce's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as
Operating Margin % | = | Operating Income (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 31.6 | / | 1107.9 | |
= | 2.85 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fresh Del Monte Produce (NYSE:FDP) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Thank you for viewing the detailed overview of Fresh Del Monte Produce's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jesus Rodriguez Calvo | officer: SVP, NA Sales & Marketing | C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114 |
Tarek Ahmad Betti | officer: Chief Human Resources Officer | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Michael J Berthelot | director | P O BOX 7277, RANCHO SANTA FE CA 92067 |
Mohammed Abbas | officer: V.P. Middle East and N. Africa | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134 |
Monica Vicente | officer: SVP, Chief Financial Officer | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Effie D Silva | officer: SVP, General Counsel & Secy | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Reyes Jorge Pelaez | officer: VP, Central America | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114 |
Sergio Mancilla | officer: VP South America | C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114 |
Hans Sauter | officer: SVP, R&D and Agriculture | C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114 |
Ziad Nabulsi | officer: SVP, North American Operations | C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114 |
Helmuth Lutty | officer: SVP, Shipping Operations | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114 |
Gianpaolo Renino | officer: V.P. Europe and Africa | C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134 |
Mohammad Abu-ghazaleh | director, 10 percent owner, officer: Chief Executive Officer | P.O. BOX 149222, CORAL GABLES FL 33114-9222 |
Eduardo Guarita Bezerra | officer: SVP and CFO | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33134 |
Marlene Gordon | officer: SVP, General Counsel | C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134 |
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